June, 2017

 

Nike kicks off biggest rally since 2015 on rosier sales outlook

NEW YORK, June 30 — Nike Inc rallied the most in almost two years after the athletic brand delivered a rosy forecast and announced plans to forge a closer relationship with shoppers, a move that will let Amazon and Instagram users buy its…


US stocks up on gains in tech, Nike

NEW YORK, June 30 — Wall Street stocks were back on positive ground today after tumbling in the prior session as big technology shares advanced and Nike surged on solid earnings. Tech giants including Apple, Microsoft and Google-parent…


Delivery Hero gains on first trading day in tech IPO success

FRANKFURT, June 30 — Delivery Hero AG rose as much as 8.6 per cent in its first day of trading, giving the Berlin-based takeout company a market capitalisation of €4.7 billion (approx. RM23 billion) in a successful debut on the Frankfurt stock…


South Africa says may need to seek outside help to get economy going, says finance minister

JOHANNESBURG, June 30 – South Africa may need outside financial assistance to get out of its economic spiral, Finance Minister Malusi Gigaba said today, calling for “drastic measures” to kick-start growth. At the same time, embattled…


Key US inflation measure declines in May

WASHINGTON, June 30 — The Federal Reserve’s preferred measure of inflation retreated in May, casting further doubt on the chances for another interest rates increase this year, according to Commerce Department data released today. The report…



7-Eleven Indonesia — where popularity wasn’t enough

JAKARTA, June 30 — When 7-Eleven opened its first Indonesian outlets in 2009, it made a bet that hip cafe-like versions of its globally recognised convenience stores would pull in hordes of young, urban consumers. The strategy worked: The…


Singapore malls bump up food space to counter online hit

SINGAPORE, June 30 — Singapore’s shopping centres, intent on keeping units filled and luring back patrons, are renting space to eateries far beyond industry norms in what observers say is a glimpse of how malls are coping with the online…


Lloyds bank says it has stopped trading Qatari riyals

LONDON, June 30 — Britain’s Lloyds Banking Group said today that it has stopped trading Qatari riyals and that the currency is no longer available for sale or buy-back at its high-street banks. A spokeswoman for the bank said a…


Advancecon IPO public tranche oversubscribed 10.28 times

KUALA LUMPUR, June 30 — The initial public offerings (IPO) of earthworks and civil engineering services procider, Advancecon Holdings Bhd, has been oversubscribed by 10.28 times, with a total value of RM213.14 million. Group Chief Executive…