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TOKYO: Asian shares began the week on the back foot on Monday after a downbeat session on Wall Street, while the euro skidded to a fresh 12-year low on divergent monetary policy paths between the United States and the euro zone.
NEW YORK: Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank’s efforts to streamline its business are beginning to pay off. - Reuters
Intel Corp agreed to buy Altera Corp for US$16.7bil (RM71.7bil) as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres.
PETALING JAYA: 1Malaysia Development Bhd has defended itself against criticism by former prime minister Tun Dr Mahathir Mohamad by addressing various issues, from the Cabinet being unaware of a fund-raising exercise for its start-up in 2009 to events leading to its investments in Cayman Islands increasing to US$2.318bil (RM8.57bil).
France ordered a nationwide clampdown on UberPOP, siding with taxi drivers who blockaded major transport hubs in angry protests against the popular online ride-sharing service.
SEOUL/HONG KONG (Reuters) - Hong Kong issued a "red alert" advisory on Tuesday against non-essential travel to South Korea, where eight new cases of Middle East Respiratory Syndrome (MERS) were reported, bringing the total to 95 with seven fatalities.