|Saturday, May 27, 2017

Business News

Li Shufu, the man who dared to buy ‘struggling’ Proton

KUALA LUMPUR, May 25: Chinese entrepreneur and founder of Geely Automobile, Li Shufu, is the man who dared to buy loss-making national car maker Proton. After years of dwindling sales and financial losses, it is hoped that finally now, Shufu is the man who would work his ‘magic’ in reviving Proton as he did with prestigious Swedish auto maker ...Full Article

DRB-Hicom-Geely partnership a strong commitment towards Proton turnaround – Mustapa

KUALA LUMPUR, May 25: The decision made by DRB-HICOM Bhd to partner with Zhejiang Geely Holding Group Co Ltd indicates the strong commitment from Proton Holdings Bhd towards its ...Full Article

Ringgit opens higher against greenback

KUALA LUMPUR, May 25: The ringgit rebounded to open slightly higher against the US dollar today on mild buying activities, dealers said. At 9.02 am, the local unit was ...Full Article

New rate hike likely coming ‘soon’: US Federal Reserve

WASHINGTON, May 25: US central bankers say it will “soon” be time to raise the key lending rate again, according to minutes from the last Federal Reserve meeting released ...Full Article

Facebook signs BuzzFeed, Vox, others for original video shows: Sources

NEW YORK, May 25: Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its ...Full Article

Asian shares firm, dollar and US bond yields slip after Fed

TOKYO, May 25: Asian shares eked out modest gains on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signalled a cautious approach to ...Full Article

Dollar on back foot after Fed minutes, euro resumes advance

TOKYO, May 25: The dollar was on the defensive early on Thursday after minutes of the latest Federal Reserve policy meeting were not as hawkish as anticipated, while the ...Full Article

DRB-Hicom sells 49 pct in Proton to China-based Geely Holding

PUTRAJAYA, May 24: DRB-HICOM Bhd (DRB-HICOM) has reached an agreement with China-based Zhejiang Geely Holding Group Co. Ltd (Geely Holding) for the Chinese car group to acquire a 49.9 ...Full Article

Proton-Geely partnership to ensure future growth of national carmaker

KUALA LUMPUR, May 24: News that China’s Geely Automobile Holdings Ltd has emerged as the foreign strategic partner for Proton augurs well for Malaysia as the partnership will place ...Full Article

Ringgit opens easier against greenback

KUALA LUMPUR, May 24: The ringgit opened easier against the US dollar today on mild profit-taking following yesterday’s gains. At 9.02 am, the local unit was quoted at 4.3020/3050 ...Full Article
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