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Google acquires Fossil smartwatch tech for US$40m

SAN FRANCISCO, Jan 18 ― Google agreed to pay US$40 million (RM164.5 million) for the smartwatch technology of the fashion and accessory group Fossil, the companies said yesterday, enabling the California tech giant to expand in the growing…


On the autofarm: China turns to driverless tractors, combines to overhaul agriculture

XINGHUA, Jan 16 — A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future of the nation's mammoth…


Weak China trade weighs on global stocks, risk-off trade in play

NEW YORK, Jan 15 — World stock indexes fell yesterday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets. Oil prices fell more than 2 per cent and the…


Asia shares, US stock futures hit as China's export slump jolts investors

SYDNEY, Jan 14 — Asian shares and US stock futures skidded today after a shock contraction in Chinese exports pointed to deepening cracks in the world's second-biggest economy and raised fears of a sharper slowdown in global growth and corporate…


China's exports shrink most in two years, raising risks for global economy

BEIJING, Jan 14 — China's exports unexpectedly fell the most in two years in December and imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand. Adding to policymakers'…


Wall St Week Ahead: Slashed profit expectations may set stage for gains

NEW YORK, Jan 13 — There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock. By at…


Slashed profit expectations may set stage for gains

NEW YORK, Jan 12— There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock. By at…


EU probes Nike tax deals in the Netherlands

BRUSSELS: The EU launched an in-depth probe into Nike’s tax affairs in the Netherlands, following revelations in the ‘Paradise Papers’ scandal that exposed low tax deals for multinationals. The investigation of one of the world’s most iconic brands, with its “Just Do It” moniker, follows a series of other tax probes targeting the Netherlands, including […]


Volkswagen sets sales record in 2018 despite headwinds

FRANKFURT AM MAIN, Jan 11 — German car giant Volkswagen said today it sold a record number of vehicles in 2018 even as it felt the sting from US-China trade tensions and problems with European emissions tests in the final months of the year. Some…


Wall Street seesaws higher after comments by US Fed chief

WASHINGTON, Jan 11 — Wall Street rose in a seesaw session yesterday, tentatively on track for its fifth straight day of gains as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s…