Fri07292016

LAST_UPDATEFri, 29 Jul 2016 1pm

United Continental, Delta Air Lines Possible Bidders For Avianca: WSJ

Delta airline name tags are seen at Delta terminal in JFK Airport in New York, July 30, 2008. REUTERS/JOSHUA LOTTUnited Continental Holdings Inc and Delta Air Lines Inc are among the possible bidders for Colombia's Avianca Holdings, the Wall Street Journal reported, citing people familiar with the matter.

Read more: United Continental, Delta Air Lines Possible Bidders For Avianca: WSJ

Gannett Takes Heart From Tribune Publishing Shareholder Vote

The Chicago Tribune building is seen in Chicago, Illinois, United States, May 16, 2016. REUTERS/JIM YOUNGGannett Co Inc seized on a vote on board director nominees by Tribune Publishing Co shareholders on Thursday to claim that the publisher of the Los Angeles Times and Chicago Tribune should engage with it in acquisition talks.

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ASEAN SMEs Should Focus On R&D To Ramp Up Revenue - Ka Chuan

 ASEAN companies, especially Small and Medium Enterprises (SMEs), should beef up their research and development (R&D) efforts in order to achieve higher revenues, said International Trade and Industry Minister II, Datuk Seri Ong Ka Chuan.

Read more: ASEAN SMEs Should Focus On R&D To Ramp Up Revenue - Ka Chuan

Malaysia’s Manufacturing Output To Rebound, Says Mustapa

 Malaysia’s manufacturing output is expected to rebound from its sharp fall, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.

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China's Biggest Angel Fund Bets On Boom Led By Young Consumers

 ZhenFund, China's largest angel investment fund, is betting rising spending by young consumers in the country on everything from fitness products and healthy food to designer furniture will create good investment opportunities amid a broader economic slowdown.

Read more: China's Biggest Angel Fund Bets On Boom Led By Young Consumers

French Tax Authorities Seek €356mil From Booking.com: SEC Filing

 French tax authorities are seeking €356mil (RM1.65bil) in unpaid taxes from Booking.com, a unit of Priceline Group, according to a filing by the parent company to the US Securities and Exchange Commission.

Read more: French Tax Authorities Seek €356mil From Booking.com: SEC Filing

ASEAN Foresees A Pan-Asean Crowd Funding, Digital Solution For Financing

RANJIT: ASEAN consisted of 10 member countries with diverse capital market but not all were fully developed capital markets.KUALA LUMPUR: ASEAN is mulling the idea of a Pan-Asean crowd funding and digital platform for micro and, small and medium enterprise (SME)'s financing needs, with the aim of more inclusive growth, says Securities Commission Chairman Ranjit Ajit Singh.

Read more: ASEAN Foresees A Pan-Asean Crowd Funding, Digital Solution For Financing

Japan Transport Ministry Denies Imminent Suzuki Raid Over Mileage Tests

Pic: ReutersJapan's transport ministry on Thursday said it had yet to decide whether to conduct a raid on Suzuki Motor Corp over its use of improper fuel economy tests, denying a report by the Asahi newspaper that it was planning a raid.

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Who Would Pay US$300,000 For A Handbag?

HONG KONG — In a packed bidding room last Monday, Christie’s Hong Kong hosted its 30th-anniversary auction. The tightly curated catalogue featured 30 lots, each chosen for its desirability and origin in categories such as fine art, ancient ceramics, jewellery, watches and rare wines.

Read more: Who Would Pay US$300,000 For A Handbag?

New York Fed First Rejected Cyber-Heist Transfers, Then Moved US$81mn

NEW YORK — Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send US$81 million (RM331 million) from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter.

Read more: New York Fed First Rejected Cyber-Heist Transfers, Then Moved US$81mn