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HONG KONG: Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.
Major retailers are looking to stimulate anaemic sales by hiring thousands of more workers this holiday season to improve customer service on their sales floors and handle the fast-growing use of their stores to fulfil online orders.
The venture wing of Salesforce.com Inc is launching a US$50mil (RM209.67mil) fund to invest in startups employing artificial intelligence, the cloud computing firm told Reuters.
BEIJING: China is discussing a plan to allow foreign carmakers to set up wholly owned electric-vehicle businesses in its free-trade zones in a major revision of a fundamental principle governing the country’s auto industry policy since the 1990s, according to company officials briefed on the matter.
SYDNEY: An Australian court upheld on Wednesday an appeal against betting firm Tabcorp Holdings Ltd’s agreed A$6.15 billion (US$4.9 billion) buyout of lotteries operator Tatts Group Ltd.
PUTRAJAYA: Malaysia has stamped its mark in the Asean Para Games time trial cycling competition, winning four out of the seven finals contested here.
LAHORE (Reuters) - Batsman Khalid Latif has been handed a five-year ban for his role in a spot-fixing scandal during this year's Pakistan Super League (PSL), the country's cricket board said on Wednesday.