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Can millennials save the motorcycle industry?

NEW YORK: For Fed Pacheco, it was a long journey from motocurious to motorcyclist.

Johansson to step down as Ericsson chairman next year

PARIS: Ericsson AB chairman Leif Johansson (pic) agreed to step down next year after seven years in the job, completing an overhaul of top management at the embattled Swedish network company.

Amazon-Whole Foods deal piques US interest in Ocado

LONDON: British online grocer Ocado has seen a pick-up in enquiries from US supermarket groups interested in possible partnership deals in the wake of Amazon’s US$13.7bil deal to buy Whole Foods, its boss said yesterday.

Vantiv to acquire Worldpay for US$9.9bil as JPMorgan bows out

LONDON: Vantiv Inc, the US payment processing company, agreed to buy Worldpay Group Plc for £7.7bil (US$9.9bil), two years after the UK financial technology firm went public.

Oil prices edge up Thursday on US crude stock draw(Update)

SINGAPORE: Oil prices nudged higher early on Thursday, supported by strong demand in the United States, but analysts cautioned that the outlook was for lower prices due to oversupply.

KL-S’pore HSR industry briefing attracts 165 international, local companies

SINGAPORE: The Industry Briefing for the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) project conducted today attracted 165 international and local companies.

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Strong debut for Bina Puri’s Indonesian subsidiary

PETALING JAYA: Bina Puri Holdings Bhd’s 80%-owned Indonesian power subsidiary, PT Megapower Makmur Tbk, debuted strongly on the Indonesia Stock Exchange (IDX) today, opening 70% above its offer price.

Maybank IB downgrades Vitrox to hold

KUALA LUMPUR: Vitrox Corp Bhd’s quarter-on-quarter (QoQ) revenue growth streak could extend another quarter into 2Q17 (its tenth) on strong order backlog, according to Maybank Investment Bank Research.

Aeon Credit Q1 earnings within MIDF Research’s forecast

KUALA LUMPUR: Aeon Credit Service (M) Bhd’s (ACSM) 1QFY18 net profit of RM75.8mil (+21% on-year) came within MIDF Research and consensus’ expectations at 26.9% and 27.8% of respective full year estimates.