Saturday, August 5th, 2017

 

US buys Boeing 747s once set for Russia for Air Force One

WASHINGTON, Aug 5 — The US Air Force reached a deal with Boeing Co for two 747 jets to serve as Air Force One, taking advantage of an unusual limited-time discount on planes once bound for Russia. “We got a really good deal,” Air Force…


Iraq secures US$195m Japanese loan for electricity sector

BAGHDAD, Aug 5 — Japan has agreed to lend Iraq up to US$195 million (RM834 million) for a project to help repair a thermal power station in the southern province of Basra, an Iraqi government statement said today. Though Iraq is a major Opec…


Toyota, Mazda to spend US$1.6b on joint US auto plant

TOKYO, Aug 5 — Toyota Motor Corp and Mazda Motor Corp agreed to buy stakes in each other and jointly build a US$1.6 billion (RM6.84 billion) US factory, the auto industry’s first new assembly plant to be announced under President Donald Trump….


Homegrown startup makes it BIG

KUALA LUMPUR (Aug 5): The Edge weekly in its latest edition said that Air Asia and Grab are arguably Malaysia’s best known mass consumer brands…


Dollar bears are undaunted after getting burned by rally on jobs

NEW YORK, Aug 5 — Dollar bears, singed by the currency’s biggest rally since January, say they’re still holding their ground. Bloomberg’s dollar index surged as much as 0.8 per cent yesterday on a government report showing that the US …


Audi added to German diesel investigation, may forfeit profit

MUNICH, Aug 5 — Volkswagen AG’s Audi unit was made a party to the diesel-emission probe by Munich prosecutors, a step that may allow the seizure of profits the company made from selling vehicles with rigged engines. Munich prosecutors…


Toshiba to cut off Western Digital’s future supply of chips

TOKYO, Aug 5 — Toshiba Corp took another stab at its US joint venture partner, Western Digital Corp, saying it has no rights to new chip production that’s vital to the future of both companies. The latest escalation of the fight between the…


Smokeless tobacco market heating up in Japan (VIDEO)

TOKYO, Aug 5 ― British American Tobacco, Philip Morris and Japan Tobacco are racing to take advantage of their biggest growth opportunity in decades. Smokeless heated-tobacco devices are taking off in Japan, and global sales are forecast to…


Former senior China bank official jailed 14 years for graft

SHANGHAI, Aug 5 — China’s anti-graft watchdog said today the former head of the supervisory board at China Development Bank, the country’s largest policy lender, has been jailed for 14 years and fined 3.5 million yuan (RM2.2 million) for…


Nissan Mississippi workers vote heavily against having union

CINCINNATI, Aug 5 — Workers at Nissan Motor Co Ltd’s plant in Canton, Mississippi, voted heavily against union representation, the company and the United Auto Workers (UAW) said late yesterday. The vote extended a decades-long record of…