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MILAN (Reuters) -Italy's MediaForEurope (MFE), which is seeking to establish itself as a counterweight to U.S. streaming giants, confirmed its 2022 guidance despite the impact of higher costs from content such as sports rights on its first quarter profit.
JAKARTA (The Jakarta Post/Asia News Network): Two Cabinet ministers recently visited Indonesia’s northernmost regency in a show of the government’s commitment to maintaining territorial integrity and developing the economies of outlying regions, but experts say its commitment in the long term remains to be seen.
(Reuters) - Twitter Inc will face skeptical shareholders on Wednesday during its annual meeting, as doubt remains over whether the social media company will complete its deal to be acquired by billionaire Elon Musk at the agreed-upon price.
KUALA LUMPUR: Affin Bank Bhd shareholders have given the nod to the proposed divestment of seven million shares, or 63 per cent equity interest, in Affin Hwang Asset Management Bhd (AHAM) by Affin Hwang Investment Bank Bhd to Starlight Asset Sdn Bhd for RM1.417 billion.
KUALA LUMPUR: The FBM KLCI rebounded 0.28% on Wednesday after four consecutive sessions of losses, but the broader market remained weak with almost 600 counters in the red.
PETALING JAYA: Matrix Concepts Holdings Bhd’s new property sales hit a record-high of RM1.3bil in the financial year ended March 31, 2022 (FY22), growing by 11.3% on a year-on-year basis.
SINGAPORE - Two top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.
BENGALURU: Asia's emerging market stocks rose on Wednesday to partially offset some losses posted earlier in the week even as slowdown worries persist, with central banks across the world facing pressure to pursue aggressive rate hikes to contain inflation.
Like the disappearing “snaps” that users post on its social-media app, Snap Inc’s Evan Spiegel and Bobby Murphy just saw a big chunk of their fortunes vanish.