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Facebook set to steal more TV ad dollars as video views soars

Facebook set to steal more TV ad dollars as video views soars

REUTERS: Watch out, Time Warner. It’s not just Netflix and Hulu you have to worry about. Along with Facebook’s strong financial results released on Wednesday was a number that should send a chill through the cable and broadcasting industry. The social network said its video views surged to 8 billion per day in the third […]

November 5, 2015 | By | Reply More
Adidas to intensify marketing drive as US sales rebound

Adidas to intensify marketing drive as US sales rebound

BERLIN: German sportswear company Adidas , trying to muscle into Nike’s home territory, plans to increase spending on marketing again after high-profile sponsorship deals and celebrity partnerships helped rekindle U.S. sales. Adidas said it would seek to build on its momentum by lifting promotional spending further in the run-up to Christmas. The firm had said […]

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Feeling ignored, Fed jolts markets to prime them for lift-off

Feeling ignored, Fed jolts markets to prime them for lift-off

NEW YORK/SAN FRANCISCO/WASHINGTON: When the U.S. Federal Reserve tweaked its policy statement last week and put a December rate rise squarely back in play, it took a calculated gamble that reaching for an old and controversial policy tool would get financial markets’ attention. That gamble was to specifically reference the next policy meeting as a […]

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Forum networks SMEs from 92 countries

Forum networks SMEs from 92 countries

Doha, Nov 5: The 2015 edition of the International Trade Centre (ITC)’s flagship event – World Export Development Forum (WEDF) – has concluded in Qatar with a call for small businesses to be more innovative, not only think global but go global.   Placed under the theme ‘Sustainable trade: Innovate, invest, internationalise,’ the event amalgamated […]

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UOB opens new Suzhou branch to tap new RMB rules

UOB opens new Suzhou branch to tap new RMB rules

SINGAPORE: The Republic’s third largest lender, United Overseas Bank (UOB), opened a new branch in Suzhou on Thursday (Nov 5) to tap opportunities arising from China’s recent liberalisation of offshore financing rules. UOB, through its Suzhou branch, also signed a Memorandum of Understanding (MoU) with the China Council for the Promotion of International Trade Suzhou […]

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Bursa Malaysia ends marginally higher

Bursa Malaysia ends marginally higher

KUALA LUMPUR: Bursa Malaysia bucked the regional trend to finish marginally higher today, dealers said. A dealer said the gains, however, were pared by mild profit-taking. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.92 points to end at 1,688.54 after moving between 1,679.91 and 1,696.99 throughout the day. Gainers thumped losers […]

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SIA Q2 operating profit dips, warns of uncertain economic conditions

SIA Q2 operating profit dips, warns of uncertain economic conditions

SINGAPORE: Singapore Airlines (SIA) posted on Thursday (Nov 5) a 2.3 per cent drop in second quarter operating profit as weaker performance by its flagship carrier offset improvements at SIA Engineering and SilkAir. SIA made an operating profit of S$129 million at the group level for the three months ended September, down slightly from S$132 […]

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Ringgit closes easier against US dollar

Ringgit closes easier against US dollar

KUALA LUMPUR: The ringgit ended lower against the US dollar today weighed by expectations of a possible hike in US interest rates in December, dealers said. At 5pm, the ringgit was quoted at 4.2920/2970 against the greenback from Wednesday’s 4.2630/2680. A dealer said the ringgit weakened in tandem with regional currencies following comments by US […]

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OPR stays at 3.25 per cent

OPR stays at 3.25 per cent

KUALA LUMPUR: Bank Negara has maintained the Overnight Policy Rate at 3.25 per cent. Its monetary policy committee, which held its last meeting for the year today, described the current stance as accommodative and supportive of economic activities in the country. “The heightened risks in the global economic and financial environment are being monitored to […]

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Asian markets largely defy negative Wall Street lead

Asian markets largely defy negative Wall Street lead

HONG KONG: Major Asian markets mostly shrugged off a negative lead from Wall Street on Thursday, with Shanghai performing especially strongly and Japan Post shares soaring again in Tokyo. The benchmark Shanghai Composite index closed at a 10-week high, extending gains from the previous day when the market rallied more than four percent on hopes […]

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