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Activist investor calls Hong Kong market rout

28 June 2017

HONG KONG: Six weeks ago, David Webb, an activist investor and former director of the Hong Kong exchange, issued a report titled "The Engima Network: 50 stocks not to own".

China economy improves in Q2

28 June 2017

BEIJING: China’s economy continued to improve in the second quarter, with corporate profits rising and hiring up, a private survey showed, but it suggested the Asian giant may have to brace for tougher times ahead even though firms have been able to weather a tighter financing environment.

Philips to buy medical device maker Spectranetics for US$2bil

28 June 2017

AMSTERDAM: Dutch healthcare company Philips has agreed to buy US-based Spectranetics Corp, a maker of devices to treat heart disease, for 1.9 billion euros (US$2.16 billion) including debt, as it expands its image-guided therapy business.

Euro gets boost from Draghi, delayed US Senate vote dents dollar

28 June 2017

SINGAPORE: The euro hit a 10-month high on Wednesday after the European Central Bank chief hinted the days of the ECB's aggressive stimulus are numbered, and as the dollar was pressured after a vote on U.S. healthcare legislation was delayed.

KLCI lower at midday, GentingM down, ringgit weaker

28 June 2017

KUALA LUMPUR: Blue chips ended Wednesday morning on a downbeat note on seling of Genting Malaysia, Petronas Chemicals and IHH Healthcare, mirroring the cautious Asian markets after the overnight fall on Wall Street. The ringgit was weaker.

BlackBerry seeks sales force to match software focus

28 June 2017

Software maker BlackBerry Ltd's long-running recovery effort has been slowed by a dearth of salespeople to promote its revamped and more complex products, with CEO John Chen pledging to hire more sales specialists to help achieve its growth target.

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