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SoftBank plans US$60-100b investment in solar in India: Report

SoftBank plans US$60-100b investment in solar in India: Report

TOKYO: Japan’s SoftBank is planning to invest between US$60-100 billion in a solar power project in India, a Japanese report said Friday, as the firm looks to expand its interests into various sectors. The report by public broadcaster NHK comes after SoftBank announced in March it would partner Saudi Arabia on a multi-billion dollar solar […]

June 15, 2018 | By | Reply More
Nasdaq surges to end at record; Dow edges lower

Nasdaq surges to end at record; Dow edges lower

NEW YORK: The Nasdaq surged to a fresh record on Thursday, boosted by higher media shares, as traders shrugged off trade-war worries amid signs of accelerating US growth. The tech-rich Nasdaq Composite Index powered up 0.9% to 7,761.04, its second record in three days. The Dow Jones Industrial Average dipped 0.1% to 25,175.31, while the […]

June 15, 2018 | By | Reply More
AT&T closes mega-merger with Time Warner

AT&T closes mega-merger with Time Warner

SAN FRANCISCO: Wireless and broadband colossus AT&T on Thursday announced the close of its US$85 billion (RM 338.77 billion) merger with media-entertainment conglomerate Time Warner. The news came just two days after a US federal judge approved the deal, delivering a stinging rebuke to President Donald Trump’s administration in its first major antitrust court case. […]

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Euro suffers further losses after ECB, focus on Trump tariff decision

Euro suffers further losses after ECB, focus on Trump tariff decision

NEW YORK: Euro selling extended into Asia on Friday after the European Central Bank said it would hold off hiking interest rates at least for another year, while equity traders were uneasy ahead of Donald Trump’s decision on whether to hit China with fresh tariffs. The single currency was hammered on trading floors after the […]

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BHP approves USD$2.9 billion(RM11.6 billion) Australian iron ore mine

BHP approves USD$2.9 billion(RM11.6 billion) Australian iron ore mine

China the planet’s largest commodities consumer has been seeking cleaner, higher-grade raw materials such as iron ore as it cracks down on pollution and inefficiency in the steel-making industry. BHPbilliton logo. (Reuters pic) SYDNEY: Mining giant BHP on Friday approved a new USD$2.9 billion(RM11.6 billion) mine in resource-rich northwestern Australia as the country’s top iron […]

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Ousten MGM CEO leaves 007 behind, takes USD$260 million (RM1.03 billion) instead

Ousten MGM CEO leaves 007 behind, takes USD$260 million (RM1.03 billion) instead

The deal puts to bed any prospect of Barber buying out the company. The logo for Metro-Goldwyn-Mayer Inc. hangs atop the MGM Tower in Century City, California, US. (Bloomberg pic) LOS ANGELES: Gary Barber, the MGM studio head who was unexpectedly ousted earlier this year, has walked away with $260 million(RM1.03 billion) for agreeing to […]

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Tokyo Disney operator to invest $2.3 billion in expansion

Tokyo Disney operator to invest $2.3 billion in expansion

Oriental Land Co., which is licensed to operate the Tokyo resort, will expand the DisneySea park to include a hotel and new areas based on movies such as “Frozen” and “Peter Pan,”. Visitors sit under umbrellas in front of the Cinderella Castle at Tokyo Disneyland, operated by Oriental Land Co., in Urayasu, Chiba Prefecture, Japan. […]

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Hong Kong’s Victor Li pays USD1.3 billion for London office tower

Hong Kong’s Victor Li pays USD1.3 billion for London office tower

Property company British Land and a Singaporean wealth fund GIC said in a statement that they had sold 5 Broadgate to a subsidiary of Victor Li’s CK Asset Holdings. Cheung Kong Infrastructure Chairman Victor Li, elder son of tycoon Li Ka-shing. (Reuters pic) HONG KONG: Hong Kong tycoon Victor Li has bought a London office […]

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Japan’s SoftBank to invest up to USD100 billion in India solar power generation

Japan’s SoftBank to invest up to USD100 billion in India solar power generation

SoftBank Group Corp has decided to invest USD60 billion-USD100 billion in solar power generation in India, Japanese public broadcaster NHK reported on Friday. The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. (Reuters pic) TOKYO: SoftBank Group Corp has decided to invest USD60 billion-USD100 billion […]

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Qualcomm’s NXP deal approved by chinese regulators, SCMP says

Qualcomm’s NXP deal approved by chinese regulators, SCMP says

Clearance from China would remove the final regulatory hurdle for the purchase, which has been pending for more than 18 months. Microprocessors sit on a circuit board displayed on the NXP Semiconductors NV pavilion at the Mobile World Congress in Barcelona, Spain. (Bloomberg pic) SAN FRANCISCO: Qualcomm Inc.’s USD$43 billion(RM171 billion) acquisition of NXP Semiconductors […]

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