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BANGALORE: About US$600mil of the total will be plowed into China where Oyo began operations only 10 months ago. The funding values the startup at US$5bil.
KUALA LUMPUR: Electronic packaging and interconnect solutions provider Amlex Holdings Bhd aims to broaden its electronic packaging and interconnect solutions for the automotive industry after listing on Bursa Malaysia’s LEAP Market.
KUALA LUMPUR: Velesto Energy Bhd hopes the government will loosen the foreign exchange (forex) requirement for local companies on the conversion of the US dollar to ringgit when conducting business with international companies in the upcoming 2019 Budget in November.
SINGAPORE: The marine construction unit of the state-owned China Communications Construction Company (CCCC) on Tuesday signed an agreement to work with Singapore-based commodities trader Zenrock Group to purchase fuel.
KUALA LUMPUR: Tune Plato Ventures Sdn Bhd, a joint venture between Tune and ECM Libra, has acquired a 50% stake in Malaysian home-sharing platform SubHome Management Sdn Bhd.
KUALA LUMPUR: EY has acquired Xynapse Sdn Bhd and Xynapse Asia Sdn Bhd (collectively, Xynapse), entities based in Malaysia that are in the identity and access management implementation and managed services business.
SAN FRANCISCO: The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the product, people familiar with the matter said.
KUALA LUMPUR: The ringgit was lower against the US dollar early Tuesday, reversing Monday's gains as the greenback's negative sentiment weighed on appetite for emerging currencies including the ringgit, a dealer said
TOKYO: Asia stocks struggled on Tuesday as the latest round of U.S.-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.
LONDON: Canada's Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world's largest gold producer in an industry under investor pressure to put capital to good use