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China's new home prices rise 0.9% m/m in November

BEIJING: China's new home prices rose 0.9 percent in November from a month earlier, slower than a 1.0 percent increase in the previous month, Reuters calculated from data published on Saturday by the National Bureau of Statistics.

On a yearly basis, average new home prices in China's 70 major cities increased 9.3 percent, accelerating from the 8.6 percent gain in October.

T-Mobile, Sprint see Huawei shun clinching $26bil US deal

WASHINGTON/NEW YORK: T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their US$26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company.

Like all major U.S. wireless carriers, T-Mobile and Sprint do not use Huawei equipment, but their majority owners, Germany's Deutsche Telekom AG and Japan's SoftBank Group Ltd, respectively, use some Huawei gear in overseas markets.

Scale of theft at Shell's Singapore refinery much higher

SINGAPORE: Around $150 millions' worth of oil was stolen from Shell's biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.

Almost a year on from raids that led to over a dozen arrests, including of several former employees of the local unit of Royal Dutch Shell, charge sheets state that around 340,000 tonnes of gasoil were stolen from the oil major's Pulau Bukom site in Singapore, in incidents dating back to 2014

TNB gets government approval to continue ICPT mechanism

KUALA LUMPUR: The government has, via a letter from the Energy Commission, given its approval for Tenaga Nasional Bhd (TNB) to continue implementing the imbalance cost pass-through (ICPT) mechanism in the first half of next year.

BToto posts 2.3% drop in revenue

PETALING JAYA: Berjaya Sports Toto Bhd (BToto) has recorded a 2.3% drop in revenue to RM1.35bil for the second quarter ended Oct 31, 2018, from RM1.38bil a year ago.

Acquisition of Fortis on hold

KUALA LUMPUR: IHH Healthcare Bhd will have to wait to get its prized Fortis Healthcare of India after India’s Supreme Court ordered a halt to the acquisition following a petition filed by Japanese drugmaker Daiichi Sankyo.