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KUALA LUMPUR: The Walt Disney Co has appointed Astro as an official distributor of the Disney+ Hotstar streaming service in Malaysia that will be launched on June 1.
SEOUL: South Korea’s inflation accelerated in April to the fastest pace since 2017 amid a broadening economic recovery, but the pickup is unlikely to stoke concerns over excessive price pressure as calendar effects helped buoy the gains.
LAS VEGAS: Caesars Entertainment Inc shares leaped in extended trading after chief executive officer Tom Reeg gave an upbeat profit forecast and pointed to continuing signs of recovery for the gambling industry.
NEW YORK: The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped.
BANGKOK: A study on consumer payment attitudes by Visa showed nearly half of all Thai consumers (45%) were likely to avoid using cash after the Covid-19 pandemic ends.
MELBOURNE: Australian casino operator Star Entertainment Group said on Monday it had proposed to buy rival Crown Resorts Ltd in a deal valued at more than A$9.48 billion ($7.44 billion).
Summary of business stories - OPR, Sime Darby Property, Malaysia Airlines, IHH Healthcare
SYDNEY: Australia’s No. 2 casino operator Star Entertainment Group has proposed a A$9bil (US$7bil or RM29bil) buyout of larger rival Crown Resorts Ltd, vying with two private equity giants for control of the troubled target.