Wed10182017

LAST_UPDATEWed, 18 Oct 2017 3pm

StanChart Appoints Abrar As CEO Effective Nov 1

Pic: NST

KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd has appointed Abrar A. Anwar as its managing director and chief executive officer (CEO), effective November 1.

Read more: StanChart Appoints Abrar As CEO Effective Nov 1

Qualcomm Offers EU Concessions Over $38 Billion NXP Takeover Bid

Pic: Reuters

BRUSSELS: U.S. smartphone chipmaker Qualcomm has offered concessions in an attempt to allay EU antitrust concerns over its $38-billion bid for NXP Semiconductors, the largest ever in the semiconductor industry.

Read more: Qualcomm Offers EU Concessions Over $38 Billion NXP Takeover Bid

Airbus Shares Fall As CEO Warns Of Turbulent Times Ahead

Pic: ReutersPARIS: Shares in Airbus fell on Monday, with traders attributing the decline to comments from the company’s chief executive who had warned of turbulent times ahead for the European planemaker.

Read more: Airbus Shares Fall As CEO Warns Of Turbulent Times Ahead

Saudi Aramco Eyes Joint Venture

Pic: ReutersNEW DELHI: State-run oil giant Saudi Aramco is in talks with several Indian refiners and hopes to land a joint venture deal by next year, the company’s chief executive told Reuters on Sunday.

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Bombardier's New Global 7000 Makes Trade Show Debut

Pic: ReutersMONTREAL: Bombardier Inc’s largest business jet is making its debut on Sunday in Las Vegas, giving a glimpse of the ultra long-range plane the Canadian company is counting on for growth at a time of sluggish industry sales and as it fights a trade battle over a separate jet.

Read more: Bombardier's New Global 7000 Makes Trade Show Debut

Annyeonghaseyo! Airasia X Launches Jeju Flight, Promo Price Starts At RM199

Pic; Bernama

KUALA LUMPUR: AirAsia X, the long haul arm of Asia's biggest low cost carrier, has announced Jeju, South Korea as its latest destination, with promotional all-in fares from RM199 one-way.

Read more: Annyeonghaseyo! Airasia X Launches Jeju Flight, Promo Price Starts At RM199

Tesla Delays Big Rig Truck Debut; Model 3 In 'Production Hell'

Pic: Reuters

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November, tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to help Puerto Rico.

Read more: Tesla Delays Big Rig Truck Debut; Model 3 In 'Production Hell'

Drug Chains Tumble On Reports Amazon Eyeing Their Pie

Pic: Reuters

Shares of drug retailers Walgreens Boots Alliance Inc (WBA.O), CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) tumbled on Friday after reports that Amazon.com Inc (AMZN.O) was looking to make a move into selling drugs online.

Read more: Drug Chains Tumble On Reports Amazon Eyeing Their Pie

Qatar Orders Aid To Private Sector As Sanctions Hurt Economy

Pic: ReutersDUBAI: Qatar’s government announced measures to help private sector businesses on Saturday after its economy was hurt by sanctions imposed by other Arab states.

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Ringgit To Trade Around Current Level Next Week

Pic: Reuters

KUALA LUMPUR: ringgit is likely to trade around current level next week amid mixed market sentiment, mostly influenced by external development, dealers said.

Read more: Ringgit To Trade Around Current Level Next Week