Thu05252017

LAST_UPDATEThu, 25 May 2017 6pm

Oil Prices Climb On Hopes Output Cuts Will Be Extended

Pic: Reuters

Oil futures rose in early trading on Friday on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of gains.

Read more: Oil Prices Climb On Hopes Output Cuts Will Be Extended

Alibaba Reveals $6 Billion Share Buyback As Misses EPS Forecast

Alibaba Group Holding Ltd (BABA.N) said on Thursday it would buy back shares worth up to $6 billion over two years, as it beat first quarter revenue forecasts but missed income estimates.

Read more: Alibaba Reveals $6 Billion Share Buyback As Misses EPS Forecast

Deutsche Bank Wants Former Bosses To Share Past Misconduct Costs

Deutsche Bank (DBKGn.DE) expects former board members to voluntarily pay substantial sums for their role in past misconduct which has tarnished the reputation of Germany's biggest lender, its chairman Paul Achleitner said on Thursday.

Read more: Deutsche Bank Wants Former Bosses To Share Past Misconduct Costs

Old Machines Show Why Trump Tax Breaks May Not Spark New Company Spending

Hanging on the wall of David Shippoli’s office at a sprawling factory here is his company’s annual scavenger award, a stuffed hyena head, given to the employee who finds the cheapest way to execute an investment project in the past year.

Read more: Old Machines Show Why Trump Tax Breaks May Not Spark New Company Spending

1,500 SMEs To Be Listed On AliBaba.Com Platform

KUALA TERENGGANU - A total of 1,500 small and medium enterprises (SMEs) will be listed on the AliBaba.com e-commerce platform by year-end, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Read more: 1,500 SMEs To Be Listed On AliBaba.Com Platform

Uzbekistan Eyes Oil & Gas Projects Worth Over $30 Bln By 2021

TASHKENT -- Uzbekistan plans to implement a number of oil and gas projects with a total cost of $30.4 billion by 2021, according to the data from the National Holding Company Uzbekneftegaz, Azerbaijan's Trend news agency reported.

Read more: Uzbekistan Eyes Oil & Gas Projects Worth Over $30 Bln By 2021

Malaysia's Solid Exports, Demand Likely Spurred Faster First-Quarter Growth

Pic: ReutersKUALA LUMPUR: Malaysia is expected to report on Friday that its pace of economic growth picked up in the first quarter, thanks to surging exports and resilient domestic demand.

Read more: Malaysia's Solid Exports, Demand Likely Spurred Faster First-Quarter Growth

BookDoc Expanding Its Healthcare Platform Beyond Doctors

KUALA LUMPUR  -- The Association of Chiropractic, Malaysia (ACM) has inked a memorandum of understanding (MoU) with BookDoc, a homegrown online healthcare app, which aims to improve access to qualified chiropractors and expand its healthcare platform beyond doctors.

Read more: BookDoc Expanding Its Healthcare Platform Beyond Doctors

Asia Drops As White House Turmoil Hits Risk Sentiment, Dollar Bruised

Pic: Reuters

TOKYO: Asian stocks fell on Thursday in line with global peers, and the dollar nursed deep losses against the yen as uncertainty mounted over U.S. President Donald Trump's future following reports that he tried to interfere with a federal investigation.

Read more: Asia Drops As White House Turmoil Hits Risk Sentiment, Dollar Bruised

Cisco Revenue Forecast Disappoints; Says To Cut 1,100 More Jobs

Pic: Reuters

Cisco Systems Inc (CSCO.O) forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs, as the world's largest networking gear maker steps up efforts to transform into a software-focused company.

Read more: Cisco Revenue Forecast Disappoints; Says To Cut 1,100 More Jobs