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Famous company's collection visits Kuala Lumpur

TAG Heuer collectors and admirers were given the rare opportunity to experience the Swiss timepiece manufacturer’s rich history and achievements when the touring museum, La Maison, made a stop in Kuala Lumpur towards the end of last month.

Boeing-Lockheed venture eyes alternate rocket engine by 2019

WASHINGTON: The rocket launch company run by Boeing Co and Lockheed Martin Corp on Monday said it had signed contracts with multiple U.S. firms to work on a next-generation rocket engine as an alternative to a Russian engine now used for key launches.

Europe's top industrials target Goldilocks zone

STOCKHOLM: "Good enough" might not make for a marketing slogan, but some of Europe's top engineering companies, which have made their reputation on the quality of their products, are hoping it will make for a profitable strategy.

Facebook to introduce new advertising platform

NEW YORK: Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter.

MyCC says 25 ice makers pay financial penalties for price fixing

KUALA LUMPUR: Twenty-five ice manufacturers which were fined between RM1,200 and RM106,000 by the Malaysia Competition Commission (MyCC), have paid their financial penalties.

UK payments business Currency Cloud raises US$18mil for US push x x x x

LONDON: A British international payments company aiming to shake up the way companies move money around the world has raised US$18mil in a third round of fundraising for its US expansion plan.

Fortescue calls for an end to expansion

Iron ore miner warns steel production in China has peaked

Australia's BC Iron shuts iron ore mine as price sinks

SYDNEY: Australian iron ore miner BC Iron Ltd on Friday said it was suspending operations at its Nullagine joint venture, the second company in the country to take such a step this year due to plunging prices for the steelmaking ingredient.

Australia’s Atlas issues stock to lenders to cut debt

SYDNEY: Australian iron ore miner Atlas Iron Ltd said it has agreed a far-reaching debt restructuring that will hand its lenders 70% of the company’s stock as it struggles to stay afloat.

Fortescue posts lower profit on rising costs

SYDNEY: Australia’s Fortescue Metals Group reported a 4% fall in half-year profit as steep cost cuts largely offset a slump in iron ore prices, and flagged it will be on the lookout for acquisitions at a later date.