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New Zealand dollar in for more volatility with new government still unclear(Update)
WELLINGTON: The New Zealand dollar is set for more volatility in coming weeks after a general election left New Zealand's major parties with no majority to govern, forcing them to enter negotiations with the nationalist New Zealand First Party.
May's new Brexit offer retains Northern Irish backstop, nothing new on customs
LONDON: British Prime Minister Theresa May's new Brexit offer to UK lawmakers retains the Northern Irish backstop and does not add anything new on customs arrangements, The Telegraph newspaper reported late on Sunday.
Cost-conscious Chinese tourists flying to Southeast Asia like Malaysia for New Year
SHANGHAI: He Yanping, 26, who works in advertising in Beijing, was among those not venturing too far overseas for Lunar New Year, with an 11-day Malaysia holiday she estimates will cost between 8,000 to 10,000 yuan. "I actually wanted to go to Australia but the problem is that it's too far, and the hotels and visa are expensive," she said.
For Uber and Airbnb, New York City turns foe
New legislation may hamper them in a critical market
Apple plans new US campus, to pay US$38bil in foreign cash taxes
NEW YORK: Apple Inc will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.
Genting’s New York casino in RM1.71bil expansion
PETALING JAYA: Genting Group’s Resorts World Casino New York City has broken ground on a US$400mil (RM1.71bil) expansion, bringing its total investment to over US$1.1bil since its opening in 2011.
Poll: Malaysians spend 9% more in Lunar New Year
PETALING JAYA: Higher food prices due to the weakening ringgit and the global increase in food prices are expected to cause Malaysians to spend 9% more this year on Lunar New Year festivities, according to the annual United Overseas Bank Malaysia Bhd’s (UOB Malaysia) Lunar New Year Survey.
Facebook to unveil new versions of Portal video chat devices this fall
SCOTTSDALE, Ariz.: Facebook Inc plans to release new versions of its Portal video chatting devices this fall, the company's vice president of AR/VR Andrew Bosworth said during an interview at Code Conference in Scottsdale, Arizona.
Economic Affairs Ministry to focus on developing new industries
KUALA LUMPUR: The Economic Affairs Ministry will focus on developing new industries to drive the nation's economy to a higher level and in tune with current developments.
New Zealand cuts interest rates to historic low
WELLINGTON: New Zealand’s central bank cut interest rates to a fresh record low and signaled the chance of one further reduction amid slowing global growth and weak inflation.
