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Musk tells NYT bombshell Tesla tweet not reviewed by anyone

Musk tells NYT bombshell Tesla tweet not reviewed by anyone

Tesla’s board has clarified that it hasn’t received a formal proposal from Musk, nor has it concluded whether going private would be advisable or feasible. Elon Musk, chief executive officer and chairman of Tesla Inc. (Bloomberg pic) SYDNEY: Elon Musk said no one saw or reviewed his tweet about the plan to take the electric-car […]

August 17, 2018 | By | Reply More
Tesla sues Ontario over scrapped electric car rebate

Tesla sues Ontario over scrapped electric car rebate

Customers who ordered their car before July can still benefit from the programme until mid-September – except for hundreds of Tesla customers, according to the firm. Tesla superchargers are installed at the Quinte Mall in Belleville, Ontario, Canada, May 2018. (Reuters pic) MONTREAL: US electric automaker Tesla has sued the government of Ontario, Canada, after […]

August 17, 2018 | By | Reply More
Jin Air’s licence intact after ‘nut rage’ sister’s scandal, shares soar

Jin Air’s licence intact after ‘nut rage’ sister’s scandal, shares soar

Although Jin Air kept its licence, it will be restricted from registering new aircraft and routes for a “certain period of time”, the transport ministry said in a decision that pared initial sky-high gains for its stock. Cho Hyun-min, also known as Emily Cho, a former Korean Air senior executive and the younger daughter of […]

August 17, 2018 | By | Reply More
World’s top pork supplier shuts China slaughterhouse to contain deadly swine fever

World’s top pork supplier shuts China slaughterhouse to contain deadly swine fever

The discovery of infected pigs in Zhengzhou city, in central Henan province, about 1,000 kilometres from the first case ever reported in China, has stirred animal health experts’ fears of fresh outbreaks. Employees sort cuts of fresh pork inside a Shuanghui factory in Zhengzhou, Henan province, China, March 2013. (Reuters pic) BEIJING: China has ordered […]

August 17, 2018 | By | Reply More
Temasek-backed Chinese travel site aims to raise up to $300 million

Temasek-backed Chinese travel site aims to raise up to $300 million

Mafengwo hopes to use the funds to acquire better tourism resources and products and better monetise its current travel content. A Temasek Holdings logo is seen at their office in Singapore, July 2014. (Reuter pic) HONG KONG: A Chinese travel website backed by Singaporean state investor Temasek Holdings hopes to raise up to US$300 million in […]

August 17, 2018 | By | Reply More
Asian tycoons weigh bids for LafargeHolcim Arm valued up to US$2 billion

Asian tycoons weigh bids for LafargeHolcim Arm valued up to US$2 billion

Malaysian tycoon Francis Yeoh’s YTL Corp and PT Semen Indonesia, are among suitors weighing bids for LafargeHolcim’s Indonesian unit. The cement kiln preheater tower stands above other factory buildings at Holcim Ltd’s cement plant in Dotternhausen, Germany, November 2014. (Bloomberg pic) KUALA LUMPUR: LafargeHolcim Ltd’s sale of its Indonesian unit has drawn interest from Asian […]

August 17, 2018 | By | Reply More
KPJ share price down marginally despite increase in Q2 earnings

KPJ share price down marginally despite increase in Q2 earnings

PETALING JAYA: KPJ Healthcare Bhd’s share price fell 0.88% at noon despite posting a 31.62% rise in its net profit for the second quarter ended June 30, 2018 to RM42.34 million from RM32.17 million a year ago driven by its improved performance in Malaysia. At 12pm, KPJ stood at RM1.13 with 7.43 million shares changing […]

August 17, 2018 | By | Reply More
Google employees demand more oversight of China search engine plan

Google employees demand more oversight of China search engine plan

Though development is in an early stage, providing more services in the world’s most populous country fits with Google’s global mission, the report said. The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China, August 8, 2018. (Reuters pic) SAN FRANCISCO: Google is not close to launching a search engine […]

August 17, 2018 | By | Reply More
Ringgit opens flat against US dollar

Ringgit opens flat against US dollar

KUALA LUMPUR: The ringgit was traded unchanged against the greenback from yesterday’s close as investors awaited the announcement of the country’s second-quarter economic growth report by the central bank. At 9am, the local note was traded at 4.1030/1070 against the US dollar. A dealer said traders were also holding back as Washington will be resuming […]

August 17, 2018 | By | Reply More
Bursa Malaysia opens higher

Bursa Malaysia opens higher

KUALA LUMPUR: Bursa Malaysia opened higher today, supported by buying interest in most heavyweights and lower liners led by finance-linked stocks, dealers said. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.91 points higher at 1,781.18 from Thursday’s close of 1,777.27. The index opened 3.37 points firmer at 1,780.64. On the broader […]

August 17, 2018 | By | Reply More