Sun06252017

LAST_UPDATEFri, 30 Jun 2017 8am

Snap Sinks To IPO Price For First Time Since Market Debut

Shares of Snap Inc dropped 4.9 percent on Thursday to their initial public offering price, highlighting investors' loss of confidence in the social media company that faces fierce competition from Facebook.

Read more: Snap Sinks To IPO Price For First Time Since Market Debut

HSBC Invests US$250 Mln To Build HQ In TRX

KUALA LUMPUR -- The US$250 million (US$1 = RM4.25) to construct HSBC Malaysia's future headquarter office in the Tun Razak Exchange site (TRX) underscored the bank's commitment to develop Malaysia as a financial hub in the Association of South-East Asia, said HSBC Malaysia.

Read more: HSBC Invests US$250 Mln To Build HQ In TRX

Hyundai Motor India Fined US$13.5 Mln

NEW DELHI -- The Competition Commission of India (CCI) has imposed a fine of 870 million rupees (US$13.55 million) on Hyundai Motor India Ltd (HMIL) over the carmaker's alleged unfair business practices.

Read more: Hyundai Motor India Fined US$13.5 Mln

Peru To Sign Free Trade Agreement With Australia And India

peruLIMA -- Peru will soon sign a Free Trade Agreement with Australia and India, officials announced today.

Read more: Peru To Sign Free Trade Agreement With Australia And India

Dollar Nurses Losses As Trump Investigation Report, Weak U.S. Data Overshadow Fed

Pic: Reuters

The dollar nursed losses on Thursday as weak U.S. inflation data left investors wondering if the Federal Reserve would follow up its latest rate hike with another later this year.

Read more: Dollar Nurses Losses As Trump Investigation Report, Weak U.S. Data Overshadow Fed

Petronas Commits To High Governance Standards

Pix: BP

KUALA LUMPUR: Petronas’ leadership team, led by president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin yesterday signed the Malaysian Anti-Corruption Commission’s (MACC) Corruption-Free Pledge (CFP), strengthening the company’s resolve towards becoming a graft-free organisation.

Read more: Petronas Commits To High Governance Standards

Stocks Pressured By Report On Trump Probe, Fed Hike, Soft U.S. Data

Pic: Reuters

TOKYO: U.S. stock futures dipped and Asian shares were on the defensive on Thursday after a media report that U.S. President Donald Trump is being investigated by a special counsel for possible obstruction of justice.

Read more: Stocks Pressured By Report On Trump Probe, Fed Hike, Soft U.S. Data

VW 'To Address Diesel Fix Concerns But Offer No Compensation'

Volkswagen is to provide a two year guarantee for the cars in Europe fitted with emissions cheating devices which it agreed to modify.

Read more: VW 'To Address Diesel Fix Concerns But Offer No Compensation'

Divide Over Listing Location Slows Aramco IPO: WSJ

Pic: ReutersSaudi Aramco's IPO-ARMO.SE planned 2018 public share offering is being slowed down by a divide between Saudi Arabia's ruling family and executives of the kingdom's state oil company over where to list its shares, the Wall Street Journal reported on Wednesday.

Read more: Divide Over Listing Location Slows Aramco IPO: WSJ

China Censures Emirates Airline After Two Safety Incidents: Xinhua

Pic; Reuters

China's civil aviation authority has fined Dubai-based carrier Emirates and barred it from adding new destinations and aircraft in China for six months after two incidents of "unsafe operations", the state news agency Xinhua reported on Thursday.

Read more: China Censures Emirates Airline After Two Safety Incidents: Xinhua