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NEW YORK: Wall Street edged lower at the open on Friday hurt by signs of delay in corporate tax cuts until 2019, which may stall the market rally.
Uber Technologies Inc will continue to lose money in its home market for at least the next six months as rival Lyft Inc poses a fierce competitive challenge.
PETALING JAYA: Property developer SP Setia Bhd expects higher contribution from its overseas projects, boosted by the strong demand for its offerings in Australia, to make up for sluggish sales in the local market. The company is maintaining its full-year sales target at RM4bil.
PETALING JAYA: A local party is understood to be interested in taking over Tan Sri Khoo Kay Peng’s stake in Malayan United Industries Bhd (MUI), an asset-rich company with businesses in real estate, hotels, retail, financial services as well as food and confectionery.
The "remorseless" growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector.
NEW YORK: A US regulator agreed to let Barclays Plc pay US$105mil to resolve claims that the bank manipulated western US electricity markets, avoiding a trial over a proposed record penalty more than four times as high.