Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

Toshiba In Talks To Sell Chip Business Stake To Western Digital

TOKYO: Toshiba Corp is in talks to sell a minority stake in its flash memory business to US chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.

Read more: Toshiba In Talks To Sell Chip Business Stake To Western Digital

Big Oil Back On The Acquisition Trail As Outlook Brightens

The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.

Read more: Big Oil Back On The Acquisition Trail As Outlook Brightens

F&N To Expand Export Market, Banks On Thailand

KUALA LUMPUR -- Fraser & Neave Holdings Bhd (F&N) will continue to focus on increasing exports to more than 30 per cent this year, supported by its own brands such as the Teapot condensed milk.

Read more: F&N To Expand Export Market, Banks On Thailand

Berkshire Enters Malaysian Non-Life Reinsurance Market

PETALING JAYA: Warren Buffett’s Berkshire Hathaway Specialty Insurance Co has been granted a licence by the Labuan Financial Services Authority to provide non-life reinsurance to the Malaysian market.

Read more: Berkshire Enters Malaysian Non-Life Reinsurance Market

Bank Negara Expected To Hold Benchmark Interest Rate

KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep its benchmark rate steady tomorrow as policymakers work to stabilise a fragile ringgit and support an economy that is just starting to pull ahead after well over a year of slowing growth.

Read more: Bank Negara Expected To Hold Benchmark Interest Rate

Malaysia’s GDP Growth ‘Decent, Not Spectacular’

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth rate over the years is decent, but not spectacular, said Professor Dwight H Perkins, Harold Hitchings Burbank Professor of Political Economy and Emeritus in the Faculty of Art and Sciences of Harvard University.

Read more: Malaysia’s GDP Growth ‘Decent, Not Spectacular’

Toshiba U.S. Nuclear Business Loss May Be As Much As $6.1 Billion: Kyodo

Toshiba Corp (6502.T) could post a 700 billion yen ($6.1 billion) loss at its U.S. nuclear reactor business, much bigger than the 500 billion yen it had earlier flagged to investors, Kyodo news agency reported.

Read more: Toshiba U.S. Nuclear Business Loss May Be As Much As $6.1 Billion: Kyodo

Snap Inc Hires Jennifer Park Stout As Head Of Global Policy

Messaging app owner Snap Inc has hired Jennifer Park Stout, former deputy chief of staff to the U.S. Secretary of State, as its head of global public policy, a spokeswoman told Reuters on Wednesday.

Read more: Snap Inc Hires Jennifer Park Stout As Head Of Global Policy

Netflix Adds A Third More Subscribers Than Expected, Shares Up 8%

SEOUL: North Korea may be preparing to test-launch a new, upgraded prototype of an intercontinental ballistic missile (ICBM), South Korean media reported on Thursday, citing military sources.

Read more: Netflix Adds A Third More Subscribers Than Expected, Shares Up 8%

‘Petronas Dagangan Results In 4Q16 To Be Seasonally Weakest’

KUCHING: Petronas Dagangan Bhd’s (Petronas Dagangan) fourth quarter of 2016 (4Q16) results are expected by analysts to be the weakest seasonally as sales volume are likely to be impacted by a reduction in consumption from the school holidays last month.

Read more: ‘Petronas Dagangan Results In 4Q16 To Be Seasonally Weakest’