Fri03242017

LAST_UPDATEFri, 24 Mar 2017 9pm

Apple Plans First Retail Store In South Korea, Posts Hiring Notices

SEOUL: Apple Inc  said it was planning to open a retail store in South Korea, its first in the country that is home to its smartphone archrival Samsung Electronics Co Ltd.

Read more: Apple Plans First Retail Store In South Korea, Posts Hiring Notices

Trade Minister Seko Says Japan Will Keep Contributing To U.S. Employment

Pic: Reuters

Japan's trade minister Hiroshige Seko said on Friday that Japanese companies have and will continue to contribute to employment in the United States.

Read more: Trade Minister Seko Says Japan Will Keep Contributing To U.S. Employment

U.S. Department Store Challenges Fail To Rattle Some Investors

Pic: Reuters

Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.

Read more: U.S. Department Store Challenges Fail To Rattle Some Investors

Amway: Weak Ringgit, Consumer Sentiment To Continue In 2017

PETALING JAYA: Amway (Malaysia) Holdings Bhd said the weakening ringgit and consumer sentiment will continue to be the direct-selling company’s biggest challenges this year, as the company imports its products in US dollars and earns in ringgit.

Read more: Amway: Weak Ringgit, Consumer Sentiment To Continue In 2017

Brazil Prosecutors Eye Contract Corruption At Massacre Prison

Brazilian prosecutors on Thursday demanded a multi-million dollar private prison contract in Amazonas state be axed due to signs of corruption as the government blamed mismanagement for the country's bloodiest prison massacre in decades.

Read more: Brazil Prosecutors Eye Contract Corruption At Massacre Prison

Battered Dollar Totters Ahead Of U.S. Jobs Report, Wary Of Yuan

The dollar tottered at three-week lows against a basket of currencies on Friday after it suffered a swift evaporation of bullish momentum in the wake of a jump in the Chinese yuan.

Read more: Battered Dollar Totters Ahead Of U.S. Jobs Report, Wary Of Yuan

Nasdaq Reaches Record High, Macy's Stirs Retail Fear

The Nasdaq squeaked out a record high close on Thursday thanks to Amazon.com, while deep drops in Macy's, Kohl's and other department stores weighed on the broader stock market.

Read more: Nasdaq Reaches Record High, Macy's Stirs Retail Fear

Dollar Hits Three-Week Low As U.S. Data Fails To Override Yuan Surge

The dollar fell to a three-week low against a basket of major currencies on Thursday after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan.

Read more: Dollar Hits Three-Week Low As U.S. Data Fails To Override Yuan Surge

Ritz Airlines Has No Permit To Operate Umrah Flights - Mavcom

KUALA LUMPUR: The Malaysian Aviation Commission (Mavcom) has issued a warning letter to Ritz Airline Berhad (Ritz Airlines) to stop marketing its service as a commercial airline for umrah flights.

Read more: Ritz Airlines Has No Permit To Operate Umrah Flights - Mavcom

Trump Hits Toyota In Latest Broadside Against Carmakers And Mexico

U.S. President-elect Donald Trump targeted Toyota Motor Corp (7203.T) on Thursday, threatening to impose a hefty fee on the world's largest automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico.

Read more: Trump Hits Toyota In Latest Broadside Against Carmakers And Mexico