Tue05302017

LAST_UPDATEMon, 29 May 2017 11pm

Euro Zone, IMF To Seek Compromise On Greek Debt Deal Monday

Pic: ReutersBRUSSELS: Euro zone finance ministers and the International Monetary Fund will seek a deal on Monday on Greek debt relief that balances the IMF's demand for a clear "when and how" with Germany's preference for "only if necessary" and "details later".

Read more: Euro Zone, IMF To Seek Compromise On Greek Debt Deal Monday

Saudi-Softbank Tech Fund Nears $100 Billion Target

A huge tech fund backed by Saudi Arabia and Japan's SoftBank is nearing its target of raising $100 billion.

Read more: Saudi-Softbank Tech Fund Nears $100 Billion Target

Peppa Pig Owner Entertainment One Announces New Series

Entertainment One, the company that owns Peppa Pig, has announced it is working on a new series of the popular pre-school cartoon.

Read more: Peppa Pig Owner Entertainment One Announces New Series

HLT Global Suffers Net Loss In First Quarter Post-Listing

PETALING JAYA: HLT Global Bhd, which was listed on the ACE Market of Bursa Malaysia in January this year, suffered a net loss of RM206,000 for the first quarter ended March 31, 2017 (Q1 FY17).

Read more: HLT Global Suffers Net Loss In First Quarter Post-Listing

IHH Healthcare Q1 Net Profit Doubles To RM470m

PETALING JAYA: IHH Healthcare Bhd (IHH) saw its net profit in the first quarter (Q1) ended March 31, 2017 double to RM470 million, from RM235.5 million in the previous corresponding quarter, following a RM313.4 million gain from its divestment of a non-core 6.07% stake in Apollo Hospitals.

Read more: IHH Healthcare Q1 Net Profit Doubles To RM470m

Malaysia Keeps Its Options Open On TPP

KUALA LUMPUR: Malaysia will continue to amend its legislations, including that of labour and intellectual property rights, regardless of whether the country will be part of the Trans-Pacific Partnership (TPP).

Read more: Malaysia Keeps Its Options Open On TPP

Asia-Pacific Meeting Puts Trump's Trade Turmoil Center Stage

Pic: ReutersHANOI: U.S. President Donald Trump's new trade representative held his first face-to-face meetings with some key partners on Saturday as the United States charts an "America First" policy that has upended the old global order and sparked fears of protectionism.

Read more: Asia-Pacific Meeting Puts Trump's Trade Turmoil Center Stage

WannaCry Attack Is Good Business For Cyber Security Firms

Pic: ReutersSAN FRANCISCO: For Kris Hagerman, chief executive of UK-based cyber security firm Sophos Group Plc, the past week could have been bad. The WannaCry "ransomware" attack hobbled some of its hospital customers in Britain's National Health Service, forcing them to turn away ambulances and cancel surgeries.

Read more: WannaCry Attack Is Good Business For Cyber Security Firms

Economy Expected To Grow By Up To 4 Per Cent

SARAWAK’S economy is expected to expand by 3.5 to 4 per cent this year, driven by expansion in private sector expenditure and exports.

Read more: Economy Expected To Grow By Up To 4 Per Cent

U.S. Treasury Vows No Special Treatment For Trump In Investment Reviews

U.S. Treasury Secretary Steven Mnuchin on Thursday pledged to treat "very seriously" any business dealings President Donald Trump or his family might have with foreign companies flagged by officials as national security risks.

Read more: U.S. Treasury Vows No Special Treatment For Trump In Investment Reviews