Wed02212018

LAST_UPDATEWed, 21 Feb 2018 12am

Twitter's CEO Downplays Chatter About Possible Acquisition

Pic: Reuters

SAN FRANCISCO - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target.

Read more: Twitter's CEO Downplays Chatter About Possible Acquisition

Dollar Clings Above Five-Month Lows Vs. Yen As Recovery In Risk Sentiment Holds

TOKYO: The dollar clung above a five-month low against the yen on Wednesday, its slide halted as a recovery in broader risk sentiment remained intact for the time being.

Read more: Dollar Clings Above Five-Month Lows Vs. Yen As Recovery In Risk Sentiment Holds

Asia Shares, Dollar Tense For Inflation Test

SYDNEY: Asian shares were set for a tense session on Wednesday as investors await readings on U.S. inflation that could fan fears of faster rate hikes and unleash another burst of global volatility.

Read more: Asia Shares, Dollar Tense For Inflation Test

Uber's Fourth-Quarter Loss Narrows To $1.1 Billion: Source

Uber Technologies Inc [UBER.UL] narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters.

Read more: Uber's Fourth-Quarter Loss Narrows To $1.1 Billion: Source

Gucci Helps Kering To Fashion Strong Sales Growth

Pic: ReutersPARIS: Gucci-owner Kering posted better-than-expected sales growth in the fourth quarter and said 2018 should be another solid year as the French group refocuses its business solely on luxury.

Read more: Gucci Helps Kering To Fashion Strong Sales Growth

GM To Shut One South Korea Plant, Decide On Fate Of Others Within Weeks

Pic: Reuters

DETROIT/SEOUL - General Motors Co said it will close one of its four plants in South Korea and incur an $850 million impairment charge as part of a restructuring of its money-losing business in Asia’s fourth-biggest economy.

Read more: GM To Shut One South Korea Plant, Decide On Fate Of Others Within Weeks

BAE Proposes UK Govt Financing To Malaysia For Typhoon Jet Deal

Pic: Reuters77 

KUALA LUMPUR: BAE Systems will provide Malaysia a UK government-backed financing deal if it decides to replace its fleet of combat jets with the Eurofighter Typhoon, senior company officials said.

Read more: BAE Proposes UK Govt Financing To Malaysia For Typhoon Jet Deal

For Advertisers, Snapchat's Got The Kids

Pic: ReutersSAN FRANCISCO: Social network Instagram has come to look more like rival Snapchat after copying some of its features, but marketers say Snapchat’s younger audience and safeguards against poor placement drive enthusiasm for advertising on the smaller app.

Read more: For Advertisers, Snapchat's Got The Kids

Singapore Poised For First Sales Tax Hike In More Than A Decade

Pic: ReutersSINGAPORE: Singapore, a city-state famed for the low-tax model that helped transform it from a gritty port town to an Asian Manhattan, is expected to put something unusual in this year’s government budget announcement: a tax hike.

Read more: Singapore Poised For First Sales Tax Hike In More Than A Decade

IBM Sues Former HR Boss Hired By Microsoft

Pic: Business Insider

International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp’s new chief diversity officer over the weekend, alleging violation of a one-year non-competitive agreement.

Read more: IBM Sues Former HR Boss Hired By Microsoft