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Saudi fund in talks to invest in Tesla buyout deal

Saudi fund in talks to invest in Tesla buyout deal

The Saudi wealth fund’s current stake in the company is valued at about $2 billion. The government is planning to turn the PIF into a $2 trillion powerhouse to help diversify the kingdom’s oil-dependent economy. Signage is displayed at the Tesla Inc. showroom in Newport Beach, California, U.S., on Friday, July 6, 2018. (Bloomberg pic) […]

August 12, 2018 | By | Reply More
Trump backs boycott of Harley Davidson in steel tariff dispute

Trump backs boycott of Harley Davidson in steel tariff dispute

Trump has criticized Harley Davidson, calling for higher, targeted taxes and threatening to lure foreign producers to the United States to increase competition. U.S. President Donald Trump and Vice President Mike Pence leaves after meeting with Harley Davidson executives at the South Lawn of the White House in Washington U.S., February 2, 2017. (Reuters pic) […]

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Finance Minister to propose open inquiry into 'missing' RM18b for GST refunds

Finance Minister to propose open inquiry into 'missing' RM18b for GST refunds

PETALING JAYA: In an intensifying he-said-she-said situation, Finance Minister Lim Guan Eng said he will propose an open inquiry headed by independent professionals into RM18 billion in goods and services tax (GST) refunds owing to businesses, after former prime minister and finance minister Datuk Seri Najib Abdul Razak stated that the money could have been […]

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Nomura cautious on Malaysian stocks

Nomura cautious on Malaysian stocks

KUALA LUMPUR: Nomura, which has set an end-2018 target of 1,830 points for the FBM KLCI, remains neutral on Malaysia’s stock market, citing macro risks and regime change possibly weighing on Bursa Malaysia’s performance this year. The research house previously cut its FBM KLCI target from 1,920 points, due to possible key policy changes by […]

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China rolls out 10 measures to curb rising P2P risks

China rolls out 10 measures to curb rising P2P risks

BEIJING: Chinese authorities are rolling out 10 measures to curb rising risks caused by the troubled peer-to-peer (P2P) lending sector that has led to several protests in recent weeks, the official Xinhua News Agency reported today. A central government work group tasked with cracking down on online finance risks has held a meeting on the […]

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CIMB Group's flagship community initiative expands regionally

CIMB Group's flagship community initiative expands regionally

<p>KUALA LUMPUR: CIMB Foundation has today gone Asean-wide with its flagship Community Link programme with the launch of its Community Link in Indonesia.</p> © New Straits Times Press (M) Bhd

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No one can ‘obliterate’ Taiwan, president says on departure for US

No one can ‘obliterate’ Taiwan, president says on departure for US

Tsai Ing-wen says they only need to be firm. Taiwanese President Tsai Ing-wen (left) at a mayoral and magisterial election campaign rally in Taipei, recently. (Reuters pic) TAIPEI: Vowing that “no one can obliterate Taiwan’s existence”, President Tsai Ing-wen left on Sunday for the United States and two of its remaining diplomatic allies, amid pressure […]

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Rupiah headwinds blow as policy makers prepare for rate decision

Rupiah headwinds blow as policy makers prepare for rate decision

Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since mid-May to stem a slide in the currency. Traffic travels past the Digulis Monument in this aerial photograph taken in Pontianak, West Kalimantan, Indonesia. (Bloomberg pic) MUMBAI: The coming week may prove […]

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Sensors to smartphones bring patent wars to diabetes monitoring

Sensors to smartphones bring patent wars to diabetes monitoring

For glucose monitors alone, the number of published patent applications has grown steadily for a decade and has accelerated significantly since 2015. A Public Health Foundation of India worker conducts a blood glucose test for a patient during a free door-to-door screening program. (Bloomberg pic) WASHINGTON: Diabetes treatment has evolved since Mary Fortune was diagnosed […]

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Tesla’s amazing. Tesla’s horrible. The bulls and bears speak.

Tesla’s amazing. Tesla’s horrible. The bulls and bears speak.

While the company’s never produced a dime of profit, analysts see that changing soon. Tesla CEO Elon Musk. (Bloomberg pic) NEW YORK: Say this for Elon Musk: the haters hate, and the lovers love. Still. His stunner about taking Tesla private — and all the will-he-or-won’t-he it engendered — changed precisely nothing. We asked our […]

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