Wed01172018

LAST_UPDATEWed, 17 Jan 2018 11pm

Snapchat Owner In Share Slump As Results Fall Short

Shares in Snapchat owner Snap have plunged after it missed revenue and user targets, warned of a disruptive redesign, and took a $40m charge on unsold Spectacle video-camera glasses.

Read more: Snapchat Owner In Share Slump As Results Fall Short

UD Trucks Keen To Explore Prospects In Pan Borneo Development

TOKYO: Vibrant developments involving the Pan Borneo Highway present viable opportunities for players in the construction sector including those from the heavy machinery and logistics segments.

Read more: UD Trucks Keen To Explore Prospects In Pan Borneo Development

U.S., AT&T At Odds Over CNN In Time Warner Deal

NEW YORK/WASHINGTON - U.S. antitrust regulators and AT&T Inc (T.N) sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc’s (TWX.N) CNN cable network as a condition of approval of its deal to buy the media company.

Read more: U.S., AT&T At Odds Over CNN In Time Warner Deal

Canada Won't Be Rushed Into TPP, Prime Minister Says

Pic: ReutersHANOI: Canada will not be rushed into the Trans Pacific Partnership (TPP), so as to ensure a deal that serves its best interests, Prime Minister Justin Trudeau said on Wednesday.

Read more: Canada Won't Be Rushed Into TPP, Prime Minister Says

IMF's Lagarde Warns Protectionism, While Now Just Words, May Come To Hurt Asia

Pic: ReutersTOKYO: Protectionist sentiment has not yet gone beyond mere words, International Monetary Fund Managing Director Christine Lagarde said on Wednesday, but would hurt Asian economies with open and free markets if it did.

Read more: IMF's Lagarde Warns Protectionism, While Now Just Words, May Come To Hurt Asia

LVMH Boss Arnault Says Assets Referred To In "Paradise Papers" Known To Tax Bodies

Pic: ReutersPARIS: Bernard Arnault, France’s richest billionaire and the head of luxury goods group LVMH, said on Wednesday that assets referred to by Le Monde newspaper, in the “Paradise Papers” leaks tracking tax affairs, were known to tax authorities.

Read more: LVMH Boss Arnault Says Assets Referred To In "Paradise Papers" Known To Tax Bodies

Quick Signoff On TPP Trade Deal Far From Sure At Asia-Pacific Meeting

DANANG: VIETNAM Continuing disagreements over the Trans Pacific Partnership (TPP) trade deal ditched by U.S. President Donald Trump mean 11 remaining members may not be ready to give it a wholehearted go-ahead at a summit this week, officials said on Wednesday.

Read more: Quick Signoff On TPP Trade Deal Far From Sure At Asia-Pacific Meeting

Asia Stocks Pause At Peaks, Ponder U.S. Tax Muddle

SYDNEY: Asian shares paused at decade peaks and the dollar dipped on Wednesday amid concerns Republican plans for major U.S. tax cuts were running into headwinds even before the Senate releases its own version of the proposals.

Read more: Asia Stocks Pause At Peaks, Ponder U.S. Tax Muddle

Dollar Slips Broadly On Report Of Possible Delays To U.S. Corporate Tax Cut

TOKYO: The dollar slipped broadly on Wednesday, hurt by a media report that suggested the implementation of a centerpiece corporate tax cut under discussion in U.S. tax reforms plans could be delayed.

Read more: Dollar Slips Broadly On Report Of Possible Delays To U.S. Corporate Tax Cut

Online Travel Sites Getting Squeezed By Airbnb, Hotel Chains

Pic: ReutersNEW YORK: Online travel booking sites Priceline Group and TripAdvisor took a beating from investors on Tuesday, highlighting how the companies’ once industry-disrupting model is under growing pressure from other competitors.

Read more: Online Travel Sites Getting Squeezed By Airbnb, Hotel Chains