Wed02212018

LAST_UPDATEWed, 21 Feb 2018 10am

Bearish Outlook For Europe’s Stocks

Pic: SCMP

The top 50 companies of the 12 euro-zone countries are sometimes known as super-sector leaders.

Read more: Bearish Outlook For Europe’s Stocks

Qualcomm Deals Blow To Broadcom's Bid With Sweetened NXP Deal

Pic: Reuters

U.S. semiconductor company Qualcomm Inc (QCOM.O) on Tuesday unveiled a sweetened $44 billion agreement to acquire NXP Semiconductors NV (NXPI.O), its most defiant move in its defense against a hostile $121 billion bid from Broadcom Ltd (AVGO.O).

Read more: Qualcomm Deals Blow To Broadcom's Bid With Sweetened NXP Deal

U.S. Oil Prices Rise On Cushing Draw, Hopes Of Producer Cooperation

Pic: Reuters

NEW YORK: U.S. crude hit a near two-week high in a choppy session on Tuesday amid inventory declines at a key storage hub and on expectations that top producers could extend cooperation beyond 2018, while Brent fell under pressure from a stronger dollar.

Read more: U.S. Oil Prices Rise On Cushing Draw, Hopes Of Producer Cooperation

U.S. Short-Term Borrowing Costs Hit Highest Since 2008

NEW YORK: Some of the U.S. government’s short-term borrowing costs rose to their highest level in more than nine years on Tuesday as the government raised $179 billion in the Treasury securities market to fund spending and make debt payments.

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Asia Stocks Dip, Dollar Recovery Continues As Yields Rise

TOKYO: Stock markets dipped after a long winning run on Wall Street ended overnight, while the dollar gained momentum on Wednesday as yields on U.S. Treasury debt headed for highs not seen in four years.

Read more: Asia Stocks Dip, Dollar Recovery Continues As Yields Rise

Gap Brand CEO Jeff Kirwan To Leave Retailer, Shares Fall

Gap Inc (GPS.N) said on Tuesday that Jeff Kirwan, president and chief executive of its eponymous brand will leave the apparel retailer, pushing its shares down 4.2 percent.

Read more: Gap Brand CEO Jeff Kirwan To Leave Retailer, Shares Fall

Gamuda Set To Provide Sabah Folks With Community, Eco-Friendly Living Space At Inanam

Pic: NST

KOTA KINABALU: Gamuda Land Bhd is keeping its maiden project in Sabah – Bukit Bantayan Residences – on the right track to provide the people here with community and nature friendly home by 2019.

Read more: Gamuda Set To Provide Sabah Folks With Community, Eco-Friendly Living Space At Inanam

Uber CEO Sees Commercialisation Of Flying Taxis In 5-10 Years

Pic: ReutersTOKYO: Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said on Tuesday he can see commercialisation of the Uber Air flying taxi service happening within five to 10 years.

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Malaysian Firm Adds Islamic Certification To Cryptocurrency

SYDNEY: Malaysia-based firm HelloGold has received a sharia-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said.

Read more: Malaysian Firm Adds Islamic Certification To Cryptocurrency

Petronas Chemicals' FY17 Pre-Tax Profit Rises To RM5.24 Bln

KUALA LUMPUR -- Petronas Chemicals Group Bhd's pre-tax profit for the financial year ended Dec 31, 2017 (FY17) increased to RM5.24 billion from RM4.11 billion in 2016.

Read more: Petronas Chemicals' FY17 Pre-Tax Profit Rises To RM5.24 Bln