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Areva, EDF seek investment from Mitsubishi Heavy: Nikkei

Areva, EDF seek investment from Mitsubishi Heavy: Nikkei

TOKYO: French nuclear giant Areva and power utility EDF have asked Japan’s Mitsubishi Heavy Industries to invest in Areva’s reactor subsidiary, the Nikkei business daily reported on Tuesday. EDF agreed in July to buy between 51 percent and 75 percent of Areva’s reactor arm Areva NP, a deal seen crucial for France which generates three […]

September 22, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against a rejuvenated US dollar today, said a dealer. At 9.28am, the local unit was quoted at 4.2815/2875 against the US dollar from yesterday’s close of 4.2650/2720. The dealer said the greenback strengthened on divergence of policies among central banks. “The greenback rose on the view of the US […]

September 22, 2015 | By | Reply More
Bursa Malaysia opens on firm note

Bursa Malaysia opens on firm note

KUALA LUMPUR: Bursa Malaysia opened on a firm note today on bargain hunting after yesterday’s losses. The gains were, however, short-lived as the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased by 1.67 points to 1,637.8 at 9.21am, after opening 1.11 points better at 1,640.58. Gainers outpaced losers by 178 to 107 while 155 counters […]

September 22, 2015 | By | Reply More
New Retail Productivity Plan to focus on growing sales

New Retail Productivity Plan to focus on growing sales

SINGAPORE: Driving sales growth will be a key priority of the second Retail Productivity Plan, which will provide support and know-how for Singapore retailers in areas such as e-commerce, branding and concept innovation. Speaking at the launch of the plan at the 24th Singapore Retail Industry Conference on Tuesday (Sep 22), Senior Minister of State […]

September 22, 2015 | By | Reply More
House panel to hold hearing into Volkswagen emissions issues

House panel to hold hearing into Volkswagen emissions issues

WASHINGTON: Lawmakers on a panel in the House of Representatives will hold a hearing on Volkswagen’s emissions from diesel vehicles in coming weeks, lawmakers said on Monday. The House Oversight and Investigations subcommittee will hold a hearing on Volkswagen’s issues with diesel cars sold in the United States from 2008 to 2015. The Environmental Protection […]

September 22, 2015 | By | Reply More
Oil prices dip as traders take profit following sharp jump

Oil prices dip as traders take profit following sharp jump

SINGAPORE: Crude oil prices fell in early Asian trading as traders took profit following a 4 percent rise in the previous session. US West Texas Intermediate (WTI) crude futures were trading at US$46.23 per barrel at 0024 GMT, down 45 cents from their last settlement. Globally traded Brent futures were at US$48.51 per barrel, down […]

September 22, 2015 | By | Reply More
Caexpo 2015 a resounding success, say organisers

Caexpo 2015 a resounding success, say organisers

NANNING: The just-concluded 12th China-Asean Expo (Caexpo) 2015 has witnessed the completion of a significant number of investment cooperation projects between China and Asean member countries. According to the Caexpo organising committee, the figure has grown by more than 50 per cent compared to the previous year. “The investment cooperation projects are mainly for the […]

September 22, 2015 | By | Reply More
Dropbox says no immediate IPO plan

Dropbox says no immediate IPO plan

September 22, 2015 SAN FRANCISCO: Cloud storage firm Dropbox, one of the best-known Silicon Valley startups, has no imminent plans for a public share offering, founder and chief executive Drew Houston said Monday. “We don’t have any plans right now,” Houston said during a question-and-answer session at the TechCrunch Disrupt conference in San Francisco. “We […]

September 22, 2015 | By | Reply More
German auto giant Volkswagen slams into huge false emission scam

German auto giant Volkswagen slams into huge false emission scam

FRANKFURT: German auto giant Volkswagen’s shares plummeted nearly 20 per cent on Monday (Sep 21) as investigations spread into revelations that hundreds of thousands of its diesel cars have software that secretly thwarts US pollution tests. Volkswagen, the world’s largest automaker by sales in the first half of this year, said it had halted all diesel […]

September 21, 2015 | By | Reply More
SEC settles with two ex-Fannie Mae executives, but not ex-CEO

SEC settles with two ex-Fannie Mae executives, but not ex-CEO

NEW YORK: The U.S. Securities and Exchange Commission has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the financial crisis, but has yet to settle with former Chief Executive Daniel Mudd. Former Chief Risk Officer Enrico Dallavecchia and former Executive Vice President Thomas Lund will pay […]

September 21, 2015 | By | Reply More