Thu05252017

LAST_UPDATEThu, 25 May 2017 6pm

Facebook Fined $120m Over WhatsApp Deal

Facebook has been fined $120m (€110m) by the European Commission for providing incorrect and misleading information on its takeover of WhatsApp in 2014.

Read more: Facebook Fined $120m Over WhatsApp Deal

Sarawak Records Smaller Revenue Of RM5.9b For 2016

Pic: theSun

KUCHING: Sarawak registered a smaller total revenue of RM5.910 billion last year as compared to RM6.955 billion in 2015.

Read more: Sarawak Records Smaller Revenue Of RM5.9b For 2016

SIA To Re-Integrate SIA Cargo Within Group, Some Staff To Move To Other Divisions

Pic: The Straits Times

SINGAPORE - Singapore Airlines (SIA) announced on Friday (May 19) that it will re-integrate SIA Cargo, now a wholly-owned subsidiary, as a division within the group to improve efficiency "through greater synergy with the wider SIA Group."

Read more: SIA To Re-Integrate SIA Cargo Within Group, Some Staff To Move To Other Divisions

Cadbury Wins Latest Trademark Battle With Nestlé Over KitKat Shape

Cadbury has struck a successful blow in its long-running legal battle with rival Nestlé over trademarks.

Read more: Cadbury Wins Latest Trademark Battle With Nestlé Over KitKat Shape

Time Up On Trump Trade, Hedge Funds Look Abroad

Pic: ReutersLAS VEGAS: Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling.

Read more: Time Up On Trump Trade, Hedge Funds Look Abroad

Greek Parliament Approves More Austerity To Unlock Bailout Funds, Debt Relief

Pic: ReutersATHENS: Greek lawmakers approved pension cuts and tax hikes on Thursday sought by the country's lenders to unlock vital financial aid, as angry demonstrators protested outside parliament over new austerity, the latest since the country plunged into crisis seven years ago.

Read more: Greek Parliament Approves More Austerity To Unlock Bailout Funds, Debt Relief

Bain To Submit Bid For Majority Stake In Toshiba Chip Unit

Pic: ReutersU.S. buyout firm Bain Capital LP plans to bid around 1.5 trillion yen ($13.5 billion) for a majority stake in Toshiba Corp's chip business, people with knowledge of the matter said.

Read more: Bain To Submit Bid For Majority Stake In Toshiba Chip Unit

Malaysia GDP Grows 5.6 Percent Year-On-Year In First-Quarter, Fastest Pace In Two Years

pic:reuters

Malaysia's economy grew at a better-than-expected 5.6 percent in the first quarter from a year earlier, the highest in two years as private expenditure and exports drove recovery, central bank data showed on Friday.

Read more: Malaysia GDP Grows 5.6 Percent Year-On-Year In First-Quarter, Fastest Pace In Two Years

Mosti: Commercialisation Of 150 Products Rake In RM155 Mil

KUALA LUMPUR: A total of 150 products from the Malaysia Commercialisation Year (MCY) 2016 initiative have been marketed at the value of RM155 million.

Read more: Mosti: Commercialisation Of 150 Products Rake In RM155 Mil

Asia Stocks Mixed, Dollar Steady On Data, But Trump's Troubles Weigh

Pic: Reuters

SINGAPORE: Asian stocks were mixed early on Friday and the dollar held onto overnight gains made on strong economic data, but investors were cautious due to uncertainties surrounding President Donald Trump after reports he tried to influence a federal investigation.

Read more: Asia Stocks Mixed, Dollar Steady On Data, But Trump's Troubles Weigh