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NEW YORK: GameStop Corp Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc's Australia chief Matt Furlong as chief executive, according to people familiar with the process
FROM spikes in Americans’ cost of living to surging factory-gate prices in China, inflation is stirring in all corners of the globe. Monetary chieftains, meanwhile, are sticking to their guns, stressing the spurt is temporary.
KUALA LUMPUR: Australian Stock Exchange (ASX)-listed OM Holdings Ltd (OMH) will transfer 10 million shares to Bursa Securities for trading following a secondary listing scheduled on June 22.
KUALA LUMPUR: The FBM KLCI broke below the 200-day simple moving average on Friday, en route to a third straight day of declines.
MPI, DNex and Petronas Dagangan underpinned the local stock market’s slight advance in early Friday trade.
Creador founder and CEO Brahmal Vasudevan said the firm chose Loob to be its first investment in the fast-growing food and beverage sector as Tealive has grown to be the regional leader with over 650 stores in less than five years.
LONDON: The highest coal prices in years aren’t enough to spur investment in new mines in the face of heightened efforts by governments and financial institutions to get the world to abandon the dirtiest fossil fuel.
Private equity fund Creador is taking a 30% stake in Loob Holding Sdn Bhd which is the owner of top regional lifestyle tea brand, Tealive, due to its impressive revenue and net income.
SYDNEY: Asian shares edged higher but held their recent trading range on Thursday as investors focussed on U.S. inflation data and the risk of an upside surprise that could prompt the Federal Reserve to start tapering its massive stimulus.