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BEIJING: China's factory sector turned in its best performance in four months in May as export orders improved although activity still contracted, a private survey showed on Tuesday, adding to signs the economy may be stabilising.
HANOI: South-East Asian shares mostly gained on Monday, with the Thai SET Index rising 1.78% to its highest level since Oct 31 as investors pinned hopes on an upcoming economic reform plan while Philippine shares rallied on bargain hunting. Malaysia and Vietnam bucked the trend.
SAN FRANCISCO: Zynga Inc will shed 15 percent of its workforce to slash costs and buy mobile game developer NaturalMotion for US$527 million to refresh a stalled games pipeline, moves that sent its stock soaring 20 percent in after-hours trading
RHB Research has initiated coverage on OCK with a “buy” rating and fair value of RM1.65, which takes into account the dilution from the placement exercise and new shares to be paid as consideration for the acquisition of PT Mulia Telecommunication.
LONDON: Britons are using internet and mobile banking for transactions worth nearly £1bil (US$1.7bil) a day and branch use is falling sharply, according to the British Bankers Association and accountancy firm EY.
PETALING JAYA: An oversupply of new luxury condominiums in the Klang Valley this year is expected to create pressure on rentals and even result in a “price war” on new and existing units.
LONDON/FRANKFURT: U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros (US$3 billion) to enter the flavoring and the health-conscious food sectors.
LONDON: British firms are upping salary offers for new permanent staff at the fastest rate in almost 17 years as the pool of suitable candidates dwindles rapidly, a monthly survey of recruitment agencies showed on Tuesday.