Sat02242018

LAST_UPDATESat, 24 Feb 2018 10am

South Korean Car Sharing Startup Taps Into Malaysia

Pic: NST

SEOUL: South Korean car sharing startup SoCar said Wednesday it will launch its business in Malaysia as its first overseas expansion move, South Korea’s Yonhap news agency reported.

Read more: South Korean Car Sharing Startup Taps Into Malaysia

Malaysia's GDP To Grow 5.0 Pct In 2018 - OCBC

KUALA LUMPUR -- Malaysia's gross domestic product (GDP) is estimated to moderate slightly to 5.0 per cent in 2018, with growth fundamentals appearing solid on the back of improving global fundamentals and higher oil prices.

Read more: Malaysia's GDP To Grow 5.0 Pct In 2018 - OCBC

Ethiopia Among Few Economies Seen Growing Faster Than China In PPP Terms In 2018, Says PwC

ADDIS ABABA -- Ethiopia is among just 17 economies which is projected to grow faster than China in Purchasing Power Parity (PPP) terms this year, according to projections in the Global Economy Watch published by international professional services firm PriceWaterHouseCoopers (PwC).

Read more: Ethiopia Among Few Economies Seen Growing Faster Than China In PPP Terms In 2018, Says PwC

Morocco's Net International Reserves Dip 3.6 Pct As At Dec 22, 2017

RABAT-- Morocco's net international reserves amounted slipped to 239.2 billion dirhams (about 25.64 billion US dollars) as at Dec 22, 2017, recording a 3.6 per cent year-on-year decrease, the Bank Al-Maghrib said here Tuesday.

Read more: Morocco's Net International Reserves Dip 3.6 Pct As At Dec 22, 2017

Spotify Hit With $1.6 Billion Copyright Lawsuit

Pic: Reuters

Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a license and compensation to the music publisher.

Read more: Spotify Hit With $1.6 Billion Copyright Lawsuit

Gold Hits Three-Month Peak After Late December Rally

Pic: ReutersLONDON: Gold hit its highest since late September on Tuesday, extending a year-end rally that saw the metal rise 4.4 percent in the last three weeks of 2017, as a further retreat in the dollar drove prices above $1,310 an ounce.

Read more: Gold Hits Three-Month Peak After Late December Rally

Airbus Delivered Over 700 Jets In 2017, Met Target-Sources

Pic: ReutersLONDON: European planemaker Airbus delivered over 700 aircraft in 2017, breaking company records and meeting its core industrial target for the year, industry sources said.

Read more: Airbus Delivered Over 700 Jets In 2017, Met Target-Sources

Speculators Raise Net Short Bitcoin Positions In Week Of December 26 - CFTC

Pic: ReutersNEW YORK: Speculators raised net short position on bitcoin futures traded on Cboe Global Markets last week amid a selloff sparked by warnings of a bubble by experts, according to data from the Commodity Futures Trading Commission data released late on Friday.

Read more: Speculators Raise Net Short Bitcoin Positions In Week Of December 26 - CFTC

Emerging Markets Sailed Through Storms In 2017. What Next?

Pic: ReutersLONDON: After a year of double-digit returns, one of the key questions for emerging markets in 2018 is whether they will continue to be insulated from one another’s crises.

Read more: Emerging Markets Sailed Through Storms In 2017. What Next?

Dealings Of 173,100 Oldtown Shares For RM3.10 Each

KUALA LUMPUR --  CIMB Investment Bank Bhd, the  adviser to  Jacobs Douwe Egberts Holdings Asia NL BV (JDE Asia), on Dec 28, 2017 today clarified that it acquired, for its discretionary clients, 173,100 shares of OldTown Bhd at an average price of RM3.10 each.

Read more: Dealings Of 173,100 Oldtown Shares For RM3.10 Each