Sun12112016

LAST_UPDATESun, 11 Dec 2016 2pm

Ecuador Cuts Julian Assange's Internet Access: WikiLeaks

Julian Assange, Founder and Editor-in-Chief of WikiLeaks speaks via video link during a press conference on the occasion of the ten year anniversary celebration of WikiLeaks in Berlin, Germany, October 4, 2016. REUTERS/Axel Schmidt

Anti-secrecy group WikiLeaks said on Monday that its founder Julian Assange's internet was shut down by the government of Ecuador, deflecting blame from the U.S. or British governments which have sparred with Assange for releasing sensitive material.

Read more: Ecuador Cuts Julian Assange's Internet Access: WikiLeaks

Asian Stocks Edge Higher Amid Low Risk Appetite; Oil Firm

A man stands next to an electronic board showing stock prices in Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon

Asian stocks edged higher and the dollar consolidated recent gains on Tuesday though risk appetite was low as weak U.S. markets prompted investors to stay on the sidelines.

Read more: Asian Stocks Edge Higher Amid Low Risk Appetite; Oil Firm

Justice Department In Talks With Alaska Air On Virgin Deal: Sources

A combination photo shows Virgin America plane (bottom) in San Diego, California on April 4, 2016 and an Alaska Airlines plane (top) at San Francisco, California on April 14, 2015 respectively. REUTERS/Files

Alaska Air Group Inc (ALK.N) pressed on with talks with the U.S. Justice Department to reach a deal for approval to buy Virgin America Inc (VA.O), two people close to the matter said Monday as a deadline for the government to complete the merger review passed.

Read more: Justice Department In Talks With Alaska Air On Virgin Deal: Sources

Netflix Reassures With Growth But Hits Pause In China

SAN FRANCISCO: US on-demand television service Netflix on Monday posted earnings that dispelled concerns about growth and said it was shifting tack in China due to a “challenging” regulatory environment.

Read more: Netflix Reassures With Growth But Hits Pause In China

S’pore Makes Another Bid For Asia To Help Set Gold Price

SINGAPORE: Singapore will study the possibility of bringing the gold benchmark pricing in London to users in Asia, in a move that would also allow market participants in the world’s top consuming region to help set the price of bullion.

Read more: S’pore Makes Another Bid For Asia To Help Set Gold Price

Visa CEO Charles Scharf To Resign, Ex-Amex President To Take Over

Pic: Reuters

Visa Inc (V.N) said Chief Executive Charles Scharf, who orchestrated the company's reunion with its European affiliate, is stepping down and will be succeeded by former American Express Co (AXP.N) President Alfred Kelly.

Read more: Visa CEO Charles Scharf To Resign, Ex-Amex President To Take Over

United Expects Low Airfares And Wage Hikes Will Squeeze Profit

NEW YORK: United Continental Holdings Inc on Monday said cheap airfares and higher wages from new contracts will squeeze its results this fall, making it difficult to be as profitable as competitors.

Read more: United Expects Low Airfares And Wage Hikes Will Squeeze Profit

Deutsche Bank To Pay $38 Million In U.S. Silver Price-Fixing Case

NEW YORK: Deutsche Bank AG has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed on Monday.

Read more: Deutsche Bank To Pay $38 Million In U.S. Silver Price-Fixing Case

Heathrow Third Runway Close To Getting Government Green Light

Pic: The Guardian

Heathrow is edging closer to securing government approval for a third runway after the airport indicated that a last-minute Whitehall study into concerns over pollution will give the all-clear.

Read more: Heathrow Third Runway Close To Getting Government Green Light

Singapore Press Holdings To Cut 10 Per Cent Of Staff

Pic: Astro Awani

SINGAPORE: Singapore Press Holdings (SPH) announced Monday that it would cut up to 10 percent of its staff following news of plunging profits, in the latest sign of tough times for global media organisations.

Read more: Singapore Press Holdings To Cut 10 Per Cent Of Staff