Tue11212017

LAST_UPDATETue, 21 Nov 2017 11pm

HK's CNQC To Emerge Single Largest Shareholder In Vivocom

KUALA LUMPUR: Vivocom International Holdings Bhd (Vivocom) today announced that its major shareholders have signed term sheets with CNQC International Holdings Ltd.

Read more: HK's CNQC To Emerge Single Largest Shareholder In Vivocom

Wells Fargo Hit By Legal Costs, Revenue Misses Street View

Pic: Reuters

Wells Fargo & Co (WFC.N) earnings scraped past Wall Street estimates but revenue missed for the fourth straight quarter, sending shares of the third-largest U.S. bank by assets down 3 percent in pre-market trading.

Read more: Wells Fargo Hit By Legal Costs, Revenue Misses Street View

Gasoline Boosts U.S. Consumer Prices, But Underlying Inflation Muted

WASHINGTON: U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted.

Read more: Gasoline Boosts U.S. Consumer Prices, But Underlying Inflation Muted

Malaysia-Czech Republic Trade To Increase To 25pc In 1H2017

KUALA LUMPUR: Bilateral trade between the Czech Republic and Malaysia is expected to increase this year following an improved trade performance by both countries by 25 per cent in the first half of 2017 (1H2017).

Read more: Malaysia-Czech Republic Trade To Increase To 25pc In 1H2017

MaGIC Hopes For Adequate Funds For IDE Sector In 2018 Budget

Pic: NST

KUALA LUMPUR: Malaysian Global Innovation and Creativity Centre (MaGIC) hopes the 2018 Budget will include adequate funds to support the national push for an impact-driven enterprise (IDE) sector that is self-sustaining, equitable and people-centric.

Read more: MaGIC Hopes For Adequate Funds For IDE Sector In 2018 Budget

Amazon Studios Chief Roy Price Suspended Following Harassment Allegation

Pic: ReutersSAN FRANCISCO: Amazon Studios chief Roy Price was put on an immediate leave of absence Thursday, the company said, following allegations that he harassed a producer and ignored an actress’s claim of a sexual assault by producer Harvey Weinstein.

Read more: Amazon Studios Chief Roy Price Suspended Following Harassment Allegation

MAB Minority Stake Sale Possible Option, Says Bellew

Pic: NSTPTOULOUSE: Malaysia Airlines Bhd is open to selling some of its shares to other carriers to boost its value before going for possible listing by 2019.

Read more: MAB Minority Stake Sale Possible Option, Says Bellew

'Transformation Product' Logo To Help SMEs Make Headway Into Supermarkets

Pic: NSTPKUALA LUMPUR: The Domestic Trade, Cooperatives and Consumerism Ministry today unveiled the 'Transformation Product' logo to help small medium enterprises (SME) products' entry into hypermarkets.

Read more: 'Transformation Product' Logo To Help SMEs Make Headway Into Supermarkets

Boeing Passenger Jets Have Falsely-Certified Kobe Steel Products: Source

Pic: ReutersTOKYO: Boeing Co, the world’s biggest maker of passenger jets, has used Kobe Steel products that include those falsely certified by the Japanese company, a source with knowledge of the matter told Reuters.

Read more: Boeing Passenger Jets Have Falsely-Certified Kobe Steel Products: Source

Richard Branson Takes Another Bet On The Future With Hyperloop One

Pic: ReutersBritish billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems.

Read more: Richard Branson Takes Another Bet On The Future With Hyperloop One