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Business 22 Feb 2021 | 7:00 AM

Yuan gains larger share in international payment: SWIFT

BEIJING: The Chinese currency yuan, has retained its spot as the fifth most attractive currency for global payments by value in January but with a larger share as a global payment currency, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.

Business 18 Jun 2019 | 9:08 AM

Facebook reveals Libra cryptocurrency, with lofty goals

SAN FRANCISCO/NEW YORK: Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.

Business 01 May 2019 | 12:47 AM

Facebook overhauls design as it pivots to private messaging

SAN JOSE, Calif.: Facebook Inc debuted an overhaul of its core social network on Tuesday, taking its first concrete steps to refashion itself into a private messaging and e-commerce company as it tries to move past scandals while tapping new revenue sources

Corporate News 06 Mar 2019 | 11:37 PM

Zuckerberg says Facebook's future is going big on private chats

SAN FRANCISCO: Facebook Inc Chief Executive Mark Zuckerberg said on Wednesday the company would encrypt conversations on more of its messaging services and make them compatible, the latest sign that the world's biggest social network sees its future in intimate online chats

Technology 01 Nov 2018 | 12:00 AM

Facebook profit beats Wall Street forecasts, calming concern

SAN FRANCISCO: Facebook Inc chief executive officer Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories,” not the company’s famous news feed. Investors are buying into the vision for now.

Corporate News 18 Oct 2018 | 12:00 AM proposes 3rd interim dividend of 5 sen per share

PETALING JAYA: Digi.Com Bhd has proposed to reward shareholders with a third interim dividend of five sen per share after registering a 2% increase in earnings for the third quarter ended Sept 30.

Corporate News 17 Oct 2018 | 5:21 AM

Slightly higher Q3 net profit for Digi, dividend 5c

KUALA LUMPUR: Digi.Com Bhd's net profit rose 2% to RM392.54mil in the third quarter ended Sept 30, 2018 and rewarded shareholders with a dividend of five sen a share.

Corporate News 14 Aug 2018 | 11:56 AM

Battered Tencent looks for a bottom after US$150bil wipeout

HONG KONG: The Chinese internet giant, best known for its popular games and ubiquitous messaging services, has shed more than US$150bil in market value since a January peak, the biggest wipeout of shareholder wealth worldwide.