Recent Articles

Jan 16: Bursa Malaysia opens mixed

Jan 16: Bursa Malaysia opens mixed

KUALA LUMPUR: Bursa Malaysia opened mixed today, in line with regional market sentiment as mild profit taking emerged in heavyweights after yesterday’s gains, dealers said. At 9.20 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,826.47, up 0.56 of-a-point, from yesterday’s close of 1,825.91, while opening 1.77 points better at 1,827.68. Overall […]

January 16, 2018 | By | Reply More
Airbus warns A380 programme at risk as orders dry up

Airbus warns A380 programme at risk as orders dry up

PARIS: Airbus said Monday that it might have to end production of the double-decker A380 superjumbo jet, having booked no new orders for the plane in two years. The European aerospace group had been banking on another big order from main client Emirates in November, but the Dubai-based airline decided instead to buy 40 of […]

January 16, 2018 | By | Reply More
Tune Talk appoints Ameen Abdullah as new CEO

Tune Talk appoints Ameen Abdullah as new CEO

KUALA LUMPUR: Mobile virtual network operator (MVNO) Tune Talk Sdn Bhd has appointed Ameen Abdullah as its new chief executive officer (CEO), effective January 15, 2018, replacing Jason Lo. Lo has served Tune Talk as its CEO since December 2007. Prior to his appointment as CEO, Ameen was RedOne Network Sdn Bhd CEO and also […]

January 16, 2018 | By | Reply More
Fiat Chrysler CEO says no plans to sell brands to Chinese

Fiat Chrysler CEO says no plans to sell brands to Chinese

Sergio Marchionne, CEO, Fiat Chrysler Automobiles, speaks with journalists at the North American International Auto Show in Detroit, Michigan, US, January 15, 2018. REUTERS/Rebecca Cook DETROIT: Fiat Chrysler Automobiles NV’s (FCA) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, […]

January 15, 2018 | By | Reply More
America Last? EU says Trump is losing on trade

America Last? EU says Trump is losing on trade

European Trade Commissioner Cecilia Malmstrom speaks during an interview with Reuters at the EU Commission headquarters in Brussels, Belgium, January 15, 2018. REUTERS/Francois Lenoir BRUSSELS: The European Union’s trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the […]

January 15, 2018 | By | Reply More
Global carmakers to invest at least US$90 billion in electric vehicles

Global carmakers to invest at least US$90 billion in electric vehicles

DETROIT: Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals US$90 billion and is still growing, a Reuters analysis shows. That money is pouring in to a tiny sector that amounts to less than 1% of the […]

January 15, 2018 | By | Reply More
Bidder for the Weinstein Company says bankruptcy may be best option

Bidder for the Weinstein Company says bankruptcy may be best option

LOS ANGELES: Killer Content Inc, the movie producer that has partnered with philanthropist Abigail Disney in a consortium vying to acquire the Weinstein Company, said on Monday that a bankruptcy may be the best way forward for the US film and TV studio. Killer Content’s comments come as the studio continues to grapple with the […]

January 15, 2018 | By | Reply More
Lawsuit in US accuses nine banks of rigging Canadian rate benchmark

Lawsuit in US accuses nine banks of rigging Canadian rate benchmark

The fund is seeking unspecified damages for investors in the proposed class action for alleged violations of US antitrust, commodity and anti-racketeering laws over the nearly seven-year period. NEW YORK/TORONTO: Nine large banks, including six from Canada, have been accused in a lawsuit of conspiring to rig a Canadian rate benchmark to improve profits from […]

January 15, 2018 | By | Reply More
‘Ample time’ before next Bank of England rate move needed

‘Ample time’ before next Bank of England rate move needed

Even if British productivity did improve, it was unlikely to return to the annual growth rate of around 2% of before the financial crisis. LONDON: The Bank of England probably has “ample time” before it needs to consider raising interest rates again after its first hike in more than a decade in November, BoE policymaker […]

January 15, 2018 | By | Reply More
The days of the A380 look numbered

The days of the A380 look numbered

ASK frequent flyers which is their favourite aircraft and most come up with the same answer: the A380 superjumbo made by Airbus, a giant European planemaker. Able to carry 525 passengers in a typical three-class layout, on two full-length decks, the aircraft still feels spacious, with wide aisles and plenty of headroom. Frequent flyers also […]

January 15, 2018 | By | Reply More