Thu09212017

LAST_UPDATEThu, 21 Sep 2017 10am

Astrazeneca CEO, Worried By Brexit, Not Signing UK Government Letter

MADRID - AstraZeneca (AZN.L) Chief Executive Pascal Soriot, fearing a potentially abrupt Brexit, said on Saturday that lack of progress in negotiations made it impossible for him to sign a public letter of support for the British government’s strategy.

Read more: Astrazeneca CEO, Worried By Brexit, Not Signing UK Government Letter

China Studying When To Ban Sales Of Traditional Fuel Cars: Xinhua

BEIJING - China has begun studying when to ban the production and sale of cars using traditional fuels, the official Xinhua news agency reported, citing comments by the vice industry minister, who predicted “turbulent times” for automakers forced to adapt.

Read more: China Studying When To Ban Sales Of Traditional Fuel Cars: Xinhua

Bitcoin ETF Idea Still A Little Funky, Experts Say

Pic: ReutersNEW YORK: Demand for exchange-traded funds that would provide exposure to cryptocurrencies like bitcoin is strong, but regulators will likely wait until the underlying market matures more before approving such products, a panel of securities industry experts said on Friday.

Read more: Bitcoin ETF Idea Still A Little Funky, Experts Say

UPSI, Celcom Forge Cooperation In Entrepreneurship

IPOH -- Universiti Pendidikan Sultan Idris (UPSI) today signed a memorandum of understanding (MoU) with Celcom Axiata Berhad (Celcom) for co-operation in entrepreneurship.

Read more: UPSI, Celcom Forge Cooperation In Entrepreneurship

Whirlpool's Washer Battle With Samsung, LG Heats Up At Trade Hearing

WASHINGTON - Appliance giant Whirlpool Corp (WHR.N) on Thursday called on the U.S. International Trade Commission to impose “global safeguard” restrictions on imported washing machines to stop its South Korean rivals Samsung and LG from flooding the American market with cheap machines.

Read more: Whirlpool's Washer Battle With Samsung, LG Heats Up At Trade Hearing

Earnings Forecasts For CIMB Group Maintained

PETALING JAYA: Analysts have maintained their earnings forecasts on CIMB Group Holdings Bhd after news that it will acquire the entire equity stake in stockbroking firm Jupiter Securities Sdn Bhd for RM55 million cash.

Read more: Earnings Forecasts For CIMB Group Maintained

PR Firm Bell Pottinger 'Nearing Collapse'

Staff at embattled public relations firm Bell Pottinger have been told it could go into administration next week, media reports say.

Read more: PR Firm Bell Pottinger 'Nearing Collapse'

SC Cautions Investors On Digital Token-Based Investments

KUALA LUMPUR: Securities Commission (SC) has cautioned investors on the emergence of digital token-based fundraising activities or investment schemes in Malaysia and elsewhere, which is also known as “initial coin offerings”, “initial token offerings”, “token pre-sale” or “token crowd-sale” (ICO).

Read more: SC Cautions Investors On Digital Token-Based Investments

MPTN's Tonton Offers Outdoor Channel Asia Beginning October

KUALA LUMPUR: Malaysia’s pioneer OTT content player, Media Prima Television Networks (MPTN)’s tonton will start offering its Malaysian customers the Outdoor Channel Asia beginning early October.

Read more: MPTN's Tonton Offers Outdoor Channel Asia Beginning October

India's Eicher Set To Make $1.8 Billion-$2 Billion Binding Bid For Ducati: Paper

India’s Eicher Motors (EICH.NS) is set to make a $1.8 billion-$2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, sending the shares in the maker of Royal Enfield motorbikes to a record high.

Read more: India's Eicher Set To Make $1.8 Billion-$2 Billion Binding Bid For Ducati: Paper