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Markets 15 Feb 2019 | 11:05 PM

World markets themes for the week ahead

NEW YORK: Following are five big themes likely to dominate thinking of investors and traders in the coming week

Markets 15 Feb 2019 | 10:59 PM

Oil price rises over 2% to 2019 highs on tightening supplies

NEW YORK: Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment.

Markets 15 Feb 2019 | 10:44 PM

Wall Street rallies on trade optimism

NEW YORK: Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war

TECH 15 Feb 2019 | 10:58 AM

Alibaba takes stake in Chinese video platform Bilibili

Alibaba has bought an 8% stake in Chinese online video sharing and entertainment service Bilibili for an undisclosed amount, state news agency Xinhua reported.

TECH 15 Feb 2019 | 9:10 AM

Facebook says it may remove anti-vaccine recommendations

Facebook Inc, under pressure to reduce harmful, misleading and fake content, said it is exploring removing anti-vaccine information from software systems that recommend other things to read on its social network.

TECH 15 Feb 2019 | 8:52 AM

Feeling unwelcome, Amazon ditches plans for New York hub Inc abruptly scrapped plans to build a major outpost in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly US$3bil in incentives promised by state and city politicians.

TECH 15 Feb 2019 | 8:11 AM

Seizing on Huawei’s troubles, Samsung bets big on network gear

Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalise on the security fears hobbling China's Huawei, according to company officials and other industry executives.

TECH 15 Feb 2019 | 8:00 AM

Amazon's exit could scare off tech companies from New York

Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly US$3bil (RM12bil) in tax breaks and the company's anti-union stance.

Nation 15 Feb 2019 | 6:23 AM

Prosecution seeks to transfer Rizal's case for joint trial with Rosmah

KUALA LUMPUR (Bernama): The prosecution is seeking to transfer the corruption charges against Datuk Rizal Mansor in connection with a solar energy project in Sarawak to the High Court for a joint trial involving former premier Datuk Seri Najib Tun Razak's wife, Datin Seri Rosmah Mansor.

Corporate News 15 Feb 2019 | 6:00 AM

Maxis announces RM1bil incremental capex over next three years

KUALA LUMPUR: Maxis Bhd, which posted a net profit of RM1.78bil in the financial year ended Dec 31, 2018 (FY18), has announced RM1bil over next three years for incremental capital expenditure (capex) to support its new strategy.