PATENT TROLL?: Rovi is fighting to enforce its patents with streaming video providers such as Netflix and Amazon.com Inc, which are accused of infringing said Rovi patents.
Energy
Brent crude was 1.5% lower to US$49.85 per barrel at 3.35pm.
Forex
Ringgit up 0.28% to 4.0290 per US dollar at 3.47pm.
Top foreign stories
Credit Suisse plans on raising stake in Chinese joint venture: Credit Suisse is planning to boost its stake in its Chinese securities joint venture to the maximum permissible 49%, which would make it the first foreign bank to take advantage of relaxed Chinese investment rules introduced four years ago, sources said. The Swiss bank currently owns 33.3% in Credit Suisse Founder Securities Ltd. — Reuters
Netflix says it continues to look into entering China: Netflix Inc will continue to look into the possibility of entering China, a senior company executive said on Thursday, as the video streaming service seeks to grow its subscriber base outside its home of the United States. — Reuters
Singapore’s UOB suspends London property loans after Brexit: United Overseas Bank, Singapore’s number 3 lender, became the first bank in the city-state to suspend its loans programme for London properties in the wake of uncertainties caused by Britain’s vote to leave the European Union. — Reuters
Japan regulator approves Canon deal to buy Toshiba unit, warns on method: Japan’s anti-monopoly regulator has approved Canon Inc’s acquisition of Toshiba Corp’s medical equipment unit, but issued a warning over the way they carried out the deal, which antitrust experts have called questionable. — Reuters
Top local stories
World Bank: Malaysia GDP to grow 4.4% in 2016: Malaysia’s economy remains resilient, with the gross domestic product (GDP) projected to grow 4.4% in 2016 and 4.5% in 2017, the World Bank said in its Malaysia Economic Monitor. — Bernama
CCM sells loss-making fertiliser biz for RM48.5m: Chemical Company of Malaysia Bhd (CCM) is selling its loss-making fertiliser business for RM48.5mil to Hextar Fertilizers Group Sdn Bhd as it seeks to focus on its pharmaceuticals and chemicals divisions. — Reuters
Macquarie launches maiden S&P warrants on Bursa: Macquarie Securities Group issued its pioneer index warrants based on the Standard and Poor’s 500 Index (S&P 500) on Bursa Malaysia on Thursday. Trading in the two call and two put warrants ranged between 80 sen and RM1.00. — Bernama
Muda expects commercial run of glazed paper next month: Paper packaging manufacturer Muda Holdings Bhd
expects its RM34mil paper glaze machine to start its commercial run next month. — StarBiz
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