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NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc has increased the price range in Silicon Valley's biggest-ever initial public offering to raise more than US$12 billion, a source familiar with the situation said, giving the No.1 social network a valuation potentially exceeding $100 billion.
KUALA LUMPUR: The ringgit is trading in a narrow range with emerging market currencies in Asia on Thursday showing muted reaction to the Federal Reserve’s policy decision and rate forecast.
TOKYO: Toyota Motor Corp aims to begin selling in 2022 an electric car powered by a new type of battery that significantly increases driving range and reduces recharging time, the Chunichi Shimbun daily reported on Tuesday
KUCHING: OM Materials (Sarawak) Sdn Bhd (OM Sarawak) will produce a wide range of silicon and manganese alloys at its smelting plant in Samalaju Industrial Park, Bintulu by June 2017 to cater to steel producers making different types of products and applications, according to Australian company OM Holdings Ltd (OMH).
KUALA LUMPUR: Electrolux, a global leader in household appliances and the leader in kitchen appliances in Malaysia, has unveiled a new range of premium Nutrifresh fridges for the local market.
DUBLIN: Malaysia Airlines is considering whether to add new long-range narrowbody aircraft to its fleet, outgoing CEO Christoph Mueller said on Wednesday, with details of the expansion plan due to be revealed later this summer.
HONG KONG: Glencore International Plc has revised the price range for its planned US$11bil initial public offering (IPO) to between 520 pence and 550 pence per share, from an earlier guidance of 480 pence to 580 pence each, a source with direct knowledge of the matter told i>Reuters/iyesterday.