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News Corp approves Murdoch split for June 28
NEW YORK: News Corp’s board on Friday approved the break-up of the conglomerate into two independent companies, separating the high-flying entertainment assets from the struggling newspaper operations. The decision, which sets a date for the split for June 28, all but assures the implementation of a plan proposed last year by News Corp chief Rupert Murdoch. It must also ...Full Article
Number of returned condos highest in a year, says property research firm
SINGAPORE: The number of returned condominiums is at its highest in about a year, according to property research firm Square Foot Research. Data shows there were 152 units returned ...Full Article
Bausch & Lomb near US$9b sale to Valeant
NEW YORK: Canadian pharmaceutical company Valeant is close to a deal to acquire US eye health company Bausch & Lomb for about US$9 billion, a person familiar with the ...Full Article
IMF chief avoids charges in French payout scandal
PARIS: IMF chief Christine Lagarde avoided immediate charges Friday but was named an “assisted witness” after French prosecutors grilled her for two days over a state payout to a ...Full Article
Bangladesh to broaden trade ties with Malaysia
NEW DELHI, May 23 : Bangladesh businesses should take the opportunity offered by Showcase-Malaysia 2013 to broaden trade ties with Malaysia, says Malaysian High Commissioner to Bangladesh Norlin Othman. ...Full Article
Short-term rates to remain stable
KUALA LUMPUR, May 23 : Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system. The central ...Full Article
Qatar allows return of Kellogg into market
DOHA, May 23 : Qatar’s Ministry of Business and Trade on Wednesday announced that it has allowed the return of Kellogg’s Cornflakes back to markets after dispensing the damaged ...Full Article
Ford to stop manufacturing in Australia by 2016
MELBOURNE, May 23 : Ford will cease its manufacturing operations in Australia by October 2016 with the loss of 1,200 jobs. Ford Australia President and Chief Executive Bob Graziano ...Full Article
Japan’s Daiichi says key details ‘concealed’ in Ranbaxy sale
NEW DELHI: The Japanese owners of Ranbaxy on Wednesday accused former shareholders of the Indian company of concealing key information about a US probe into the safety of medicines ...Full Article
US report urges action on ‘unprecedented’ IP theft
WASHINGTON: A high-powered commission said Wednesday that intellectual property theft was costing the United States the equivalent of all its exports to Asia and urged a tougher approach to ...Full Article