Sat02242018

LAST_UPDATESat, 24 Feb 2018 1pm

Justice Dept. Sues To Stop AT&T’s $85B Time Warner Deal

NEW YORK — The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant.

Read more: Justice Dept. Sues To Stop AT&T’s $85B Time Warner Deal

Petronas Signs EPCC Contract For Fuel Processing Units

KUALA LUMPUR -- Petroliam Nasional Bhd's (Petronas) unit, PRPC Refinery & Cracker Sdn Bhd has signed an Engineering, Procurement, Construction and Commissioning (EPCC) contract with CTCI Corporation and MIE Industrial Sdn Bhd.

Read more: Petronas Signs EPCC Contract For Fuel Processing Units

Asean Airports Set For Travel Boom

Pic: NST

SIX Asean member countries are poised for aggressive growth in their aircraft fleet count and new airport infrastructure.

Read more: Asean Airports Set For Travel Boom

US VR Global Inc Announces Strategic Partnerships With Three Leading Brands In Korea For Hero Central – One Of The World’s Largest Virtual Reality Parks

KUALA LUMPUR: US VR Global Inc, recently announced its strategic partnerships with not one, but three world-class digital, user-centred experience creators in Korea.

Read more: US VR Global Inc Announces Strategic Partnerships With Three Leading Brands In Korea For Hero...

Proton Sales Jump 13pc To 5,083 Units In October

Pic: NST

KUALA LUMPUR: Proton Holdings Bhd sold 13 per cent more vehicles last month from September, driving its 10-month sales six per cent higher to 61,380 units from 57,734 a year ago.

Read more: Proton Sales Jump 13pc To 5,083 Units In October

Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

Pic: Reuter (A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017.)

BRUSSELS - U.S. smartphone chipmaker Qualcomm (QCOM.O) is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors (NXPI.O) and gain Europe’s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said.

Read more: Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

Setbacks And Naysayers Begone! Bitcoin Breaks $8,000 On Investor Confidence

Bitcoin broke through the $8,000 price mark this morning, reaching an all-time high of $8,100, thumbing its nose at the growing chorus of doomsayers reacting to the financial industry’s rising interest in the cryptocurrency. The price in the afternoon had dipped below the $8,000 mark, but the past week’s trend has been positive.

Read more: Setbacks And Naysayers Begone! Bitcoin Breaks $8,000 On Investor Confidence

Euro Slides After German Coalition Talks Break Down

Pic: Reuters

SINGAPORE: The euro hit a two-month low against the yen on Monday, as German Chancellor Angela Merkel’s efforts to form a three-way coalition government failed, raising concerns over political uncertainty in the euro zone’s largest economy.

Read more: Euro Slides After German Coalition Talks Break Down

Despite Amazon, Brick Stores Are Not Dead Yet

Pic: ReutersNEW YORK: Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail.

Read more: Despite Amazon, Brick Stores Are Not Dead Yet

Asian Shares Subdued After Wall Street Retreats, Euro Slips

TOKYO: Asian shares started the week on the back foot on Monday, pressured by a retreat on Wall Street amid tax reform uncertainty while the euro skidded after German coalition talks hit an impasse.

Read more: Asian Shares Subdued After Wall Street Retreats, Euro Slips