|Thursday, February 23, 2017

Business News

British PM to meet PSA boss over Vauxhall takeover plans

LONDON, Feb 19: Prime Minister Theresa May will meet with PSA chief executive Carlos Tavares to discuss its plans to take over the European arm of General Motors, which includes Britain’s Vauxhall cars, her office said on Saturday (Jan 18). “We have received a meeting request. The meeting will take place, in principle, subject to diary availability,” a Downing ...Full Article

Ringgit likely to trade lower against greenback next week

KUALA LUMPUR, Feb 18: The ringgit is expected to trade lower against the US dollar next week, moving between 4.44-4.45, a dealer said. He said the local currency would ...Full Article

US stocks end at records as Kraft Heinz, Unilever surge

NEW YORK, Feb 18: US stocks edged to fresh records on Friday (Feb 17), shrugging off early weakness as news that Kraft Heinz plans to seek a takeover of ...Full Article

Kraft to pursue Unilever after US$143b bid spurned

NEW YORK, Feb 18: Kraft Heinz signalled on Friday (Feb 17) it will press ahead with a campaign to acquire Dutch-British consumer products giant Unilever after an initial bid ...Full Article

London stocks get Unilever fizz as Trump rally goes flat

LONDON, Feb 18: World stock markets eased back on Friday (Feb 17) as a Trump-fuelled surge fizzled out, but London gained in an end-of-week flurry of excitement prompted by ...Full Article

South Korean court declares Hanjin Shipping bankrupt

SEOUL, Feb 18: A South Korean court declared Hanjin Shipping bankrupt on Friday (Feb 17), after ruling earlier this month that the firm’s liquidation value would be worth more ...Full Article

Ringgit ends unchanged against USD

KUALA LUMPUR, Feb 17: The ringgit ended almost unchanged against the US dollar today on steady crude oil prices, as well as positive guidance from Bank Negara Malaysia’s (BNM) ...Full Article

Nasim introduces Peugeot 208 GTi

KUALA LUMPUR, Feb 17: Nasim Sdn Bhd, the official distributor of the Peugeot brand in Malaysia, has introduced the Peugeot 208 GTi. It is priced at RM143,888 on the ...Full Article

Ringgit opens slightly lower versus greenback

KUALA LUMPUR, Feb 17: The ringgit opened slightly lower versus the US dollar today on lack of demand for the currency ahead of the weekend, a dealer said. At ...Full Article

Samsung heir arrested in corruption probe

SEOUL, Feb 17: The heir of South Korean giant Samsung was arrested on Friday (Feb 17) as part of a probe into corruption and influence-peddling that caused President Park ...Full Article
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