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KUALA LUMPUR: Petroliam Nasional Bhd has disposed of some stakes in three of its related companies to Malaysia institutional funds.
LONDON: French pharma giant Sanofi agreed to buy Synthorx Inc. for $2.5 billion, more than double the U.S. biotech company’s last market price, accelerating its push into the field of cancer under new Chief Executive Officer Paul Hudson.
SINGAPORE: China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand.
SOUTHFIELD: General Motors Co. executives had laid the groundwork for a new labour agreement with the United Auto Workers union in September 2015. The company had met most of the union’s demands with a proposal that would have boosted pay and benefits by almost $1 billion over four years.
KUALA LUMPUR: Protasco Bhd's 30%-owned associate company PJP Barisan JV Sdn Bhd has secured a performance-based contract for the long-term management and maintenance of state roads in Mukah, Sarawak.
DUBAI: Britain’s biggest supermarket chain, Tesco Plc, is considering the sale of its supermarket businesses in Thailand and Malaysia.
Consumers drawn back by product innovation, rising food delivery prices.
San Francisco: Democratic Representative Alexandria Ocasio-Cortez (AOC) and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc and other technology giants leased millions of sq ft of office space in New York City – without the billions of dollars in government support that Amazon tried to negotiate earlier this year.
Washington: The future of the US wireless industry hinges on a court battle kicking off today in federal court in Manhattan, a case that could end with T-Mobile US Inc buying Sprint Corp, and Dish Network Corp getting the go-ahead to enter the market.
EPIDEMIC Sound, backed by Spotify’s investors, is one of a new wave of music companies expanding rapidly on the back of demand for easy access to original music from commercial users, especially YouTubers.