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NEW YORK: Laser and optical fiber specialist Lumentum Holdings Inc said on Tuesday it would acquire laser manufacturer Coherent Inc in a US$5.7 billion deal, as it looks to penetrate deeper into the fast-growing laser and photonics market.
BEIJING/SHANGHAI: China's Zhejiang Geely Holding Group, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and autonomous driving.
KUALA LUMPUR: RHB Banking Group has revised its forecast for Malaysia’s Gross Domestic Product (GDP) this year to 5.4 per cent from 6.3 per cent, reflecting a more conservative growth outlook amid the re-imposition of the Movement Control Order (MCO 2.0).
KUALA LUMPUR: AmInvestment Bank Research has initiated coverage on Perak Transit Bhd with a "buy" recommendation and target price of RM1.25 on optimim over the group's unique and commercially viable business model.
PRODUCTION bottlenecks as in shortage of containers and labour as well as restriction of movement in the current fight against Covid-19, can affect economic recovery.
Failure to comply may result in severe consequences
NEW YORK: It was mid-September when Lloyd Blankfein, the former chief executive officer of Goldman Sachs Group Inc, suggested investing in commodities was “not a bad thing.”