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Markets 10 Jul 2017 | 12:00 AM

Geopolitics, uncertainty to cap markets

GEOPOLITICAL tensions, especially related to North Korea’s firing of a powerful missile that can hit the US, and uncertain US rate direction, are likely to cap markets in the near term.

Business 10 Jul 2017 | 12:00 AM

Air India break-up an option as Modi pushes for quick sale

NEW DELHI: India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

Auto 10 Jul 2017 | 12:00 AM

France to end sale of diesel, gasoline vehicles by 2040

PARIS: France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said at a presentation of measures to keep up momentum on the Paris climate agreement.

Banking 10 Jul 2017 | 12:00 AM

Amundi CEO says Italian banks looking ‘relatively healthy’

ROME: Italian banks, long plagued by bad loans burdening their balance sheets, are regaining health after authorities tackled several troubled lenders recently, the head of asset manager Amundi said.

Corporate News 10 Jul 2017 | 6:54 AM

China’s Wanda steps back from theme park, hotel drive with US$9.3b Sunac deal

HONG KONG: Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for US$9.3 billion, marking a step back for the property giant from its theme park ambitions.

Corporate News 10 Jul 2017 | 10:23 AM

WCT unit in Qatar faces RM214m claim

KUALA LUMPUR: Three companies have filed a claim for 181.57mil riyals (RM214.12mil) from WCT Holdings Bhd over payment for a government project in Doha, Qata where it was the main contractor.

Business 10 Jul 2017 | 12:17 PM

Felcra confident of achieving RM2bil in revenue this year

KUALA LUMPUR: Federal Land Consolidation and Rehabilitation Authority Bhd (Felcra) is confident of achieving RM2bil in revenue this year, said Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob.

Business 11 Jul 2017 | 12:00 AM

Wanda reins in theme park and hotel drive

China property giant selling tourism projects to Sunac for US$9.3bil

Telcos 11 Jul 2017 | 12:00 AM

Reliance Jio probes alleged data breach

MUMBAI: India’s Reliance Jio said it was investigating claims that personal data of over 100 million of its customers had leaked onto a website, in what may be the first ever large-scale data breach at an Indian telecom operator.

Business 11 Jul 2017 | 12:00 AM

Ismail: Felcra set to achieve RM2bil revenue

KUALA LUMPUR: Federal Land Consolidation and Rehabilitation Authority (Felcra) Bhd is confident of achieving RM2bil in revenue this year, said Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob.