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WASHINGTON: Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the U.S. Federal Trade Commission and the social media company said on Wednesday
SYDNEY: KKR & Co said it is buying Campbell Soup Co’s Australian snacks unit Arnott’s that will give it ownership of top-selling biscuit brands such as Tim Tam, in a deal local media reported was worth US$2.2bil (RM9bil).
MANILA: Jollibee Foods Corp. will spend $350 million to purchase loss-making Coffee Bean & Tea Leaf, its largest acquisition.
Inquiry signals Barr’s deep interest in tech sector, poses threat to companies such as Facebook, Google, Amazon, Apple
MELBOURNE: Two of Australia’s biggest pension funds have agreed to a merger that would create a retirement-savings giant with more than A$120bil (US$84bil) in assets under management.
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affrimed its BBB-IS rating on Senai-Desaru Expressway Bhd’s (SDEB) RM1.89bil Islamic medium-term notes (restructured sukuk) programme with a stable outlook.