Sun06252017

LAST_UPDATEFri, 30 Jun 2017 8am

Uber CEO Announces Leave Of Absence

Uber Technologies, Inc. CEO Travis Kalanick has announced that he is taking an indefinite leave of absence from the company.

Read more: Uber CEO Announces Leave Of Absence

Malaysia Initiates Special Palm Oil Mission To EU

PUTRAJAYA - Malaysia initiated a special palm oil mission to the European Parliament in Strasbourg, France on June 12-13, 2017 to discuss the European Union's (EU) resolution on palm oil and deforestation.

Read more: Malaysia Initiates Special Palm Oil Mission To EU

Bank Islam Appoints Khairul CEO

Khairul Kamaruddin.KUALA LUMPUR - Bank Islam Malaysia Bhd has appointed Khairul Kamarudin as new Chief Executive Officer (CEO), effective today.

Read more: Bank Islam Appoints Khairul CEO

Big Investors, Unfazed By Techs' Roller Coaster, Buy 'FANG' Stocks

Pic: ReutersNEW YORK: Large investors, whose high exposure to large-cap technology stocks boosted their returns during the first quarter of the year, are doubling down on their investments even as stocks like Apple Inc and Facebook Inc stumble.

Read more: Big Investors, Unfazed By Techs' Roller Coaster, Buy 'FANG' Stocks

Oil Prices Fall On OPEC Output Increase, Rising U.S. Crude Stocks

Pic: Reuters

SINGAPORE: Oil prices fell by one percent early on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back.

Read more: Oil Prices Fall On OPEC Output Increase, Rising U.S. Crude Stocks

Asia Shares Encouraged By Wall St. Record, Await Fed Outlook

Pic: Reuters

SYDNEY: Asian shares crept higher on Wednesday after Wall Street notched another all-time high, while the dollar and bonds awaited clarity on the Federal Reserve's future path for U.S. policy after a likely rate rise later in the day.

Read more: Asia Shares Encouraged By Wall St. Record, Await Fed Outlook

Panama's Business Chiefs Hope For Big Return From New Ties To Beijing

Pic: Reuters

PANAMA CITY: Panama's business community on Tuesday cheered the Central American country's decision to establish full diplomatic ties with China and ditch Taiwan, hoping to deepen links with a key customer of the nation's shipping canal.

Read more: Panama's Business Chiefs Hope For Big Return From New Ties To Beijing

Dollar On Tenterhooks As Investors Await Fed Policy Clues

Pic: Reuters

The dollar drifted in recent ranges in the calm before a forecast Federal Reserve storm, as investors awaited signals later in the global session on the Fed's policy outlook.

Read more: Dollar On Tenterhooks As Investors Await Fed Policy Clues

FGV Crisis: CEO, CFO Given Show-Cause Letters

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has issued and served show-cause letters on its group president/chief executive officer Datuk Zakaria Arshad and group chief financial officer Ahmad Tifli Mohd Talha relating to the outstanding debt of Safitex Trading LLC with Delima Oil Products Sdn Bhd.

Read more: FGV Crisis: CEO, CFO Given Show-Cause Letters

Malaysia Optimistic Of Signing PPA With Laos And Thailand

Datuk Seri Dr Maximus Ongkili.

ASTANA, (KAZAKHSTAN) -- Malaysia is optimistic of signing power purchase agreements (PPAs) with Laos and Thailand for the ASEAN Power Grid in September this year, in line with the move to strengthen energy supply.

Read more: Malaysia Optimistic Of Signing PPA With Laos And Thailand