Saturday, July 14th, 2018

 

Cisco sinks on report Amazon wading into networking equipment

NEW YORK, July 14 — Shares of Cisco Systems Inc and other network equipment makers fell yesterday after a report that Amazon.com Inc’s cloud services business was considering selling its own network switches to business customers at much lower…


Comcast to pay advisers as much as £243m in fees for Sky takeover

LONDON, July 14 — Comcast expects to pay the banks, law firms and other advisers on its £25.9 billion (RM138.8 billion) bid for Sky as much as £243 million if it wins the battle for the British broadcaster, the US cable giant said yesterday. Sky…


Citigroup executives see better growth ahead, but not yet

NEW YORK, July 14 — Citigroup Inc is still on track to hit its goals for efficiency and revenue growth, executives said yesterday, as analysts pressed them to explain how those expectations line up with second-quarter results. Although Citigroup…


US lifts ban on suppliers selling to China’s ZTE

WASHINGTON, July 14 — The US Department of Commerce yesterday lifted a ban on US companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business. The Commerce Department removed the ban…


Pressure on new Italian govt as growth revised downwards

MILAN, July 14 — Italy’s already weak growth forecasts were revised downwards yesterday, a potential roadblock to the country’s new anti-establishment and far-right coalition government’s expensive promises amid trade tensions between the…


Canadian court rebuffs tobacco firm in major damages suit

OTTAWAN, July 14 — US cigarette maker Philip Morris suffered a setback yesterday in a long-running suit when Canada’s Supreme Court denied it access to personal data on people suffering from tobacco-related diseases. Since 2001, British Columbia…


Global stocks rise as pound gyrates on Trump Brexit comments

NEW YORK, July 14 — US and European stocks rose modestly yesterday with investors mildly hopeful that China and the US can still settle their war over tariffs. On currency markets, the pound slumped after US President Donald Trump attacked UK…


S&P 500 at five-month high, but banks weigh after results

NEW YORK, July 14 — US stocks rose slightly yesterday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset a drop in financials after results from three of the big banks…


MIA launches Digital Technology Blueprint at AccTech Conference 2018

KUCHING: To help accountants manage sweeping changes arising from the digital economy and Industrial Revolution 4.0 (IR4.0), MIA launched its MIA Digital Technology Blueprint at its inaugural AccTech Conference 2018. Both are part of the regulator’s ongoing digital initiatives as it seeks to future-proof the Malaysian accountancy profession and provide more value to the ecosystem. […]


Rubber glovemakers may benefit from latest US-China trade spat

KUCHING: Malaysia rubber glove manufacturers could be one of the beneficiaries in the latest trade spat between the US and China, analysts have projected in the latest rubber products sector update. According to Affin Hwang Investment Bank Bhd (Affin Hwang), rubber or plastic gloves are now on the new list of US$200 billion worth of […]