Tue12122017

LAST_UPDATETue, 12 Dec 2017 12am

Qatar Airways Acquires 9.61 Pct Of Cathay Pacific

KUALA LUMPUR – Qatar Airways has entered into an agreement to purchase 378.188 million shares or 9.61 per cent of Cathay Pacific Airways Ltd.

Read more: Qatar Airways Acquires 9.61 Pct Of Cathay Pacific

Oil Hits Highest Levels Since 2015 Amid Tightening Markets, Saudi Purge

Pic: Reuters

SINGAPORE: Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown that included high profile arrests.

Read more: Oil Hits Highest Levels Since 2015 Amid Tightening Markets, Saudi Purge

CIMB Confirms All Branches In Penang And Kedah In Operation On Monday 6 November 2017

KUALA LUMPUR -- CIMB Bank Berhad (CIMB) would like to confirm that all of its 27 branches in Penang, and 12 in Kedah will be operating based on regular banking hours on Monday, 6 November 2017.

Read more: CIMB Confirms All Branches In Penang And Kedah In Operation On Monday 6 November 2017

Maxis CEO Is Leaving The Company

Pic: Lowyat.net

Maxis has announced that its CEO, Morten Lundal, will be leaving the company at the end of his contract. No official reason was provided, and the company will reveal a successor in due course.

Read more: Maxis CEO Is Leaving The Company

Factbox: Prince Alwaleed's International And Domestic Investments

Pic; Reuters

DUBAI: Saudi Arabia embarked on an anti-corruption purge on Sunday involving the arrest of royals, ministers and investors including billionaire Alwaleed bin Talal, one of the kingdom’s most prominent businessmen.

Read more: Factbox: Prince Alwaleed's International And Domestic Investments

Irish PM Says Future Of $1 Billion Apple Data Center Uncertain

DUBLIN - A planned $1 billion Apple data center is in doubt after Irish Prime Minister Leo Varadkar said the U.S. company’s Chief Executive Tim Cook would no longer commit to it, adding that Dublin would do whatever necessary to get it built.

Read more: Irish PM Says Future Of $1 Billion Apple Data Center Uncertain

Boeing Eyes Opportunities In China's Surging Services Market

BEIJING -- Boeing is expanding its global presence with a newly-established services group, and gearing up to explore the Chinese market with "strategic importance", China's Xinhua news agency reported quoting a senior group executive.

Read more: Boeing Eyes Opportunities In China's Surging Services Market

China Internet Industry Investment Posts Double-Digit Growth In Q3

BEIJING - China's Internet industry saw double-digit year-on-year growth in investment in the third quarter, China's Xinhua news agency reported.

Read more: China Internet Industry Investment Posts Double-Digit Growth In Q3

AirAsia Launches First Int'l Route Bintulu-Singapore With Free Seats

KUALA LUMPUR – AirAsia Bhd, the world’s best low-cost airline for nine times in a row, has launched its first international route from Bintulu, Sarawak to Singapore, commencing on Dec 27, 2017 with four times weekly direct flights.

Read more: AirAsia Launches First Int'l Route Bintulu-Singapore With Free Seats

Tezos Organizers Sued In California Over Crypto Currency Project

Pic: Reuters (Tezos co-founder and CTO Arthur Breitman and his wife and co-founder Kathleen Breitman respond to questions during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017.)

A class-action lawsuit has been filed in a California state court against the organizers of the technology project Tezos, which in July raised $232 million in one of the largest “initial coin offerings” (ICOs) ever.

Read more: Tezos Organizers Sued In California Over Crypto Currency Project