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SHANGHAI (Reuters) - Lotus Technology, a new unit of China's Geely set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before the end of this year, its chief financial officer told Reuters.
KUALA LUMPUR: MSM Malaysia Holdings Bhd, which posted a net profit of RM96.86mil in the third quarter ended Sept 30, is cautiously optimistic on its turnaround plan.
STOCKHOLM (Reuters) -Ericsson on Monday agreed to buy cloud communications firm Vonage in a $6.2 billion all-cash deal, as the telecom gear maker moves to broaden its 5G portfolio.
BEIJING (China Daily/Asia News Network): The virtual summit between President Xi Jinping and President Joe Biden on Tuesday (Nov 16) could not have come more timely. The world had been concerned whether China-US ties, instead of rebounding from the Trump-era trough, would spiral into a new Cold War when cooperation is urgently needed for the world to emerge from the Covid pandemic, economic recession and climate crisis.
KUALA LUMPUR: Fugitive businessman Low Taek Jho had instructed former prime minister Datuk Seri Najib Razak “not to speak too much” in a meeting with 1Malaysia Development Bhd (1MDB)-appointed audit firm KPMG Malaysia in 2013, the High Court heard.
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chief financial officer told the High Court that he did not know the difference between Aabar Investments PJS and Aabar Investments PJS Ltd, two similar-sounding companies that signed deals with the sovereign wealth fund.
KUALA LUMPUR: Fugitive businessman Low Taek Jho had instructed for former prime minister Datuk Seri Najib Razak not to "speak too much" in a meeting with 1Malaysia Development Bhd (1MDB) appointed audit firm KPMG in 2013, the High Court here heard.
US President Joe Biden signed a law on Thursday to block Chinese telecommunications companies like Huawei and ZTE from obtaining new equipment licences from US regulators, the latest move from Washington to crack down on China’s tech giants over national security concerns.
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak had the “ultimate power” in 1Malaysia Development Bhd (1MDB) when it came to the company’s decision-making, says its former chief financial officer.