Thu02232017

LAST_UPDATEThu, 23 Feb 2017 10am

Tesla's Market Cap Is Closing In On Ford's

Tesla's market value is poised to overtake that of 114-year-old Ford.

Read more: Tesla's Market Cap Is Closing In On Ford's

Asia Stocks Ease, Dollar Steadies After Fed-Led Losses

Pic: Reuters

SINGAPORE: Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases.

Read more: Asia Stocks Ease, Dollar Steadies After Fed-Led Losses

Nissan Says Ghosn To Relinquish CEO Role, Saikawa To Take Helm

FILE PHOTO - Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, gestures as he speaks during the presentation of the French carmaker Renault's 2016 annual results at their headquarters in Boulogne-Billancourt, near Paris, France, February 10, 2017. REUTERS/Philippe Wojazer/File Photo

Nissan Motor Co (7201.T) said Carlos Ghosn, who has led the Japanese automaker for the past 16 years, will step aside as chief executive officer, handing over the helm to a long-time company veteran.

Read more: Nissan Says Ghosn To Relinquish CEO Role, Saikawa To Take Helm

Petronas Cost-Cutting Measures Producing Results

Pic: NST Online

KUALA LUMPUR:PETROLIAM Nasional Bhd’s (Petronas) response to falling oil prices over the last few years has produced the desired results, said president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin.

Read more: Petronas Cost-Cutting Measures Producing Results

Telekom Malaysia Targeting 3.5% To 4% Revenue Growth For 2019

KUALA LUMPUR: Telekom Malaysia Bhd (TM), whose revenue exceeded RM12 billion for the first time last year, is targeting 3.5-4% revenue growth this year.

Read more: Telekom Malaysia Targeting 3.5% To 4% Revenue Growth For 2019

Commodity Emerges As Biggest Net Exporter In 2016

Pic: BernamaPUTRAJAYA: The commodity sector is now the biggest net exporter in Malaysia and in 2016 contributed RM91 billion followed by electrical & electronics industry and oil & gas sector.

Read more: Commodity Emerges As Biggest Net Exporter In 2016

Saudi Aramco Taps JPMorgan, Morgan Stanley For IPO, HSBC A Contender

Pic: Reuters

Oil giant Saudi Aramco [IPO-ARMO.SE] has asked JPMorgan Chase & Co and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors, a source with direct knowledge of the matter said.

Read more: Saudi Aramco Taps JPMorgan, Morgan Stanley For IPO, HSBC A Contender

IRB Collected RM114.015b In Taxes For 2016

SUBANG JAYA: The Inland Revenue Board (IRB) collected RM114.015 billion in taxes for 2016, which made up more than half of overall government revenue for the year.

Read more: IRB Collected RM114.015b In Taxes For 2016

Melco Crown CEO Says Willing To Outspend Rivals On Japan Casino

Melco Crown Entertainment (MPEL.O) is ready to outspend rival casino operators to build a Japanese casino, its chief said on Wednesday, a day after Las Vegas Sands Corp (LVS.N) put a price tag of up to $10 billion on a facility in Japan.

Read more: Melco Crown CEO Says Willing To Outspend Rivals On Japan Casino

Airbus Faces Multiple Challenges As It Enters New Era

Pic: ReutersPARIS: Airbus will draw a line under two decades of M&A dealmaking and frenetic orders on Wednesday as it reports its first results since the European aerospace and defence group unified under its dominant planemaking arm last month.

Read more: Airbus Faces Multiple Challenges As It Enters New Era