Sat11252017

LAST_UPDATESat, 25 Nov 2017 3pm

Amazon Scraps Bundled Video Service - Sources

Pic: ReutersNEW YORK/LOS ANGELES: Amazon.com Inc has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters.

Read more: Amazon Scraps Bundled Video Service - Sources

Oil Prices Settle Lower After U.S. Crude Stocks Rise

NEW YORK: Oil prices dropped on Wednesday after the U.S. government reported an unexpected increase in crude and gasoline stockpiles, but an increase in refining runs and a drawdown in distillates helped prices bounce off session lows.

Read more: Oil Prices Settle Lower After U.S. Crude Stocks Rise

Blackberry Shifts Patent Strategy Through Outsourcing Deal

Pic: ReutersTORONTO: Canada’s BlackBerry Ltd announced the outsourcing of a significant part of its patent licensing efforts on Wednesday to a unit of the U.S.-based Marconi Group.

Read more: Blackberry Shifts Patent Strategy Through Outsourcing Deal

Dubai Airshow: Airbus Seals Order With US Firm Indigo

Airbus has struck its biggest single deal with an order for 430 aircraft worth $49.5bn at list prices from US investment firm Indigo Partners.

Read more: Dubai Airshow: Airbus Seals Order With US Firm Indigo

Russia's Rosneft Says Managing Exit From OPEC+ Deal Is A Serious Challenge

MOSCOW - Russia’s Rosneft (ROSN.MM), the world’s top listed oil company by output, sees the exit from a global oil production-cutting deal as a serious challenge, a spokesman for the firm said.

Read more: Russia's Rosneft Says Managing Exit From OPEC+ Deal Is A Serious Challenge

Boeing In 175 Plane Deal With Budget Carrier Flydubai

DUBAI - Boeing Co. (BA.N) reached a preliminary deal for 175 of its 737 MAX jets with flydubai on Wednesday, potentially committing the discount airline’s fleet to the U.S. planemaker for another decade.

Read more: Boeing In 175 Plane Deal With Budget Carrier Flydubai

Qualcomm Invests In Chinese AI Facial Recognition Startup SenseTime

Pic: Reuters (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.)

BEIJING - Chinese artificial intelligence (AI) startup SenseTime Group said on Wednesday it has sealed an investment from chipmaker Qualcomm Inc as part of a funding round that will close later this year.

Read more: Qualcomm Invests In Chinese AI Facial Recognition Startup SenseTime

Brexit No-Deal Could Stop Aston Martin Production

Aston Martin has said it may have to halt production if the UK fails to strike a Brexit deal with the EU.

Read more: Brexit No-Deal Could Stop Aston Martin Production

Fund Managers Clash Over Snap Shares

Pic: ReutersNEW YORK: Fund managers expressed sharply contradicting views on Snap Inc during the social media company’s challenged third quarter, regulatory filings showed on Tuesday.

Read more: Fund Managers Clash Over Snap Shares

Nov 15: Ringgit Opens Higher Against US Dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning on fresh buying interest, a dealer said.

Read more: Nov 15: Ringgit Opens Higher Against US Dollar