Fri09302016

LAST_UPDATEFri, 30 Sep 2016 2pm

UBS Trader Jailed For UK's Biggest Fraud Warns It Could Happen Again

Pic: ReutersKweku Adoboli, the ex-UBS trader jailed four years ago for the biggest fraud in British history, has said his crimes could be repeated as those working in the banking industry still faced the same pressure to make profits "no matter what".

Read more: UBS Trader Jailed For UK's Biggest Fraud Warns It Could Happen Again

Amid Britain Nuclear Debacle, China's Xinhua Decries 'Suspicion'

Pic: ReutersChina will not tolerate "unwanted accusations" about its investments in Britain, a country that cannot risk driving away other Chinese investors as it looks for post-Brexit trade deals, China's official Xinhua news agency said on Monday.

Read more: Amid Britain Nuclear Debacle, China's Xinhua Decries 'Suspicion'

Asian Factories Face Fitful Activity As World Sputters

Pic: ReutersSYDNEY: Factories in China and Japan - the world's second and third largest economies - saw scant sign of demand recovering in July, with surveys across Asia offering only crumbs of comfort after weak growth readings in the United States and Europe.

Read more: Asian Factories Face Fitful Activity As World Sputters

Tesla, SolarCity Set To Announce Merger On Monday: Sources

Pic: ReutersTesla Motors Inc and SolarCity Corp could announce they have agreed to merge as early as Monday, people familiar with the matter said, setting the stage for a campaign to convince the two companies' shareholders to back the deal.

Read more: Tesla, SolarCity Set To Announce Merger On Monday: Sources

Oil Dips As Global Supplies Rise, Fresh Concerns Over Asian Economies

Pic: ReutersSINGAPORE: Oil prices started August trading with fresh falls on Monday after several bearish reports, including rising output from OPEC, a rise in U.S. drilling and weak economic data from Asia.

Read more: Oil Dips As Global Supplies Rise, Fresh Concerns Over Asian Economies

Uber To Invest $500 Million In Global Mapping Project: FT

A taxi passes by an advertisement for the Uber car and ride-sharing service displayed on a bus stop in Paris, France, in this March 11, 2016 file photo. REUTERSRide-hailing service Uber has decided to invest $500 million into an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driverless cars, the Financial Times reported on Sunday.

Read more: Uber To Invest $500 Million In Global Mapping Project: FT

Vivendi Says Mediaset Not Essential To Its Italy Strategy

A logo is seen over the main entrance of the entertainment-to-telecoms conglomerate Vivendi's headquarters in Paris April 8, 2015. Picture taken April 8, 2015. REUTERS picTies between Vivendi and Italy's Mediaset are not "broken" but nor are they essential to the French media group's strategy as it could find other Italian partners, its chief executive told Les Echos newspaper.

Read more: Vivendi Says Mediaset Not Essential To Its Italy Strategy

Chinese Consortium Agrees To $4.4 Billion Deal For Caesars Online Games

Jack Ma, founder and Executive Chairman of Alibaba Group speaks during the inaugural ''Xin'' Philanthropy Conference in Hangzhou, Zhejiang Province, China, July 9, 2016. China Daily/via REUTERS picA Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said.

Read more: Chinese Consortium Agrees To $4.4 Billion Deal For Caesars Online Games

AirAsia, Scottish Firm In Data Analytics JV

Pic: file

PETALING JAYA: AirAsia Bhd’s data science unit MadCience Consulting Sdn Bhd has entered into an agreement with Scotland’s Big Data For Humans Ltd (Bd4h) to set up a data analytics joint venture (JV) in Asia Pacific.

Read more: AirAsia, Scottish Firm In Data Analytics JV

Ex-Director Of Kencana Petroleum, Two Others Charged With Insider Trading

PETALING JAYA: The Securities Commission Malaysia (SC) has charged a former executive director of Kencana Petroleum Bhd and two other individuals with insider trading.

Read more: Ex-Director Of Kencana Petroleum, Two Others Charged With Insider Trading