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Trump to tout US economy, urge fair trade at elite Davos forum

Trump to tout US economy, urge fair trade at elite Davos forum

WASHINGTON: US President Donald Trump will be entering something of a lion’s den when he visits the elitist enclave of Davos next week, rubbing shoulders with the same “globalists” that he campaigned against in winning the 2016 election. Aides said some of Trump’s advisers had argued against him attending the World Economic Forum in order […]

January 20, 2018 | By | Reply More
Trump administration says US mistakenly backed China WTO accession in 2001

Trump administration says US mistakenly backed China WTO accession in 2001

Trump administration says US mistakenly backed China WTO accession in 2001 Reuters WASHINGTON: The United States mistakenly supported China’s membership of the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration said on Friday as it prepares to clamp down on Chinese trade. “It […]

January 20, 2018 | By | Reply More
Dixons Carphone CEO James quits for job at Boots

Dixons Carphone CEO James quits for job at Boots

Sebastian James will step down after six years as CEO around the end of the company’s 2017-18 financial year in April, Dixons said in a statement. He will be succeeded by Alex Baldock, who has been CEO of online retailer Shop Direct since 2012. LONDON: The chief executive of Dixons Carphone has quit Britain’s largest […]

January 20, 2018 | By | Reply More
Judge overseeing AT&T, Time Warner merger trial hears document dispute

Judge overseeing AT&T, Time Warner merger trial hears document dispute

WASHINGTON: AT&T , owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner , their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday. The Justice Department sued […]

January 19, 2018 | By | Reply More
Road to ruin? Carillion collapse puts spotlight on UK outsourcing model

Road to ruin? Carillion collapse puts spotlight on UK outsourcing model

SCOTLAND: In Balmedie, a village on the northeast coast of Scotland, an unfinished 12 km stretch of dual carriageway is a stark illustration of why British construction company Carillion went bust this week. The road project fell behind schedule and rose above budget, helping tip the contractor over the edge. Britain’s biggest corporate failure in […]

January 19, 2018 | By | Reply More
London finance chief sees fewer jobs shifting because of Brexit

London finance chief sees fewer jobs shifting because of Brexit

LONDON: Britain’s vast financial services industry will suffer far fewer job losses from Brexit than first feared, the City of London’s policy chief told Reuters, in remarks that will boost supporters of leaving the EU who say the threat has been exaggerated. Home to the world’s highest number of banks and largest commercial insurance market, […]

January 19, 2018 | By | Reply More
Sunway Citrine Hub to steer Lakeview Precint growth

Sunway Citrine Hub to steer Lakeview Precint growth

ISKANDAR PUTERI: Sunway Citrine Hub, the central business hub for Lakeview Precint township, is set to steer economic growth in the area. The hub, spanning 6,596.12 square metres, houses 51 retail units and 167 office suites for the surrounding community. Sunway Iskandar chief executive officer Gerard Soosay said the integrated development is also located near […]

January 19, 2018 | By | Reply More
SEC says bitcoin funds raise ‘investor protection issues’

SEC says bitcoin funds raise ‘investor protection issues’

bitcNEW YORK: The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies. A top division chief at the U.S. Securities and Exchange Commission detailed the agency’s concerns about the wild-trading […]

January 19, 2018 | By | Reply More
Battersea Power Station phase 2 acquisition purely commercial: EPF, PNB

Battersea Power Station phase 2 acquisition purely commercial: EPF, PNB

  KUALA LUMPUR: The Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) said the potential acquisition of Phase 2 of the Battersea Power Station (BPS) project was purely based on commercial consideration. This was in line with the funds’ diversification plan to actively expand their real estate and infrastructure assets globally, the EPF and […]

January 19, 2018 | By | Reply More
Battersea Power Station assets purchase done independently: EPF, PNB

Battersea Power Station assets purchase done independently: EPF, PNB

By ZARINA ZAKARIAH zarinaz@mediaprima.com.my   KUALA LUMPUR: The Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) said the acquisition of certain Battersea Power Station assets was done independently without any government intervention. The two funds said the decision was purely an investment consideration initiated together with the BPS board and management team. “The EPF […]

January 19, 2018 | By | Reply More