Things are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday. The Malaysian ringgit has been one of the best-performing currencies in the region this year, while domestic stocks have gained around 8 percent. In fact, the country’s brightening prospects […]
Read moreJapanese tech titan SoftBank has approached Uber about taking a multi-billion dollar stake in the ride-sharing company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. SoftBank has already invested in three ride-sharing companies in Asia: GrabTaxi in Singapore, Ola in India and Didi Chuxing Technology in China, the report noted. […]
Read moreLeica Camera may be known for its cameras, but the iconic brand may have its sights set on something beyond its traditional forte ー phones. The high-end optics manufacturer co-engineered a dual-camera system with Chinese smartphone maker Huawei last year as part of a strategic partnership, offering its optics expertise to a new demographic of […]
Read moreBank of Japan policymakers contested how much information to disclose about a possible exitfrom quantitative easing, with several worrying about the risks of doing so given the BOJ is still far off its 2 percent inflation goal, minutes of the central bank’s June 15-16 meetingshowed on Tuesday. Some members said the BOJ needed to clearly […]
Read moreSouth Korea raised its growth outlook for this year on Tuesday and vowed to maintain an expansionary fiscal policy that would support job creation. The government projected economic expansion of 3 percent in 2017, the fastest since growth of 3.3 percent seen in 2014. The finance ministry’s latest outlook revised growth up from an earlier […]
Read moreVerily, the life sciences arm of Google’s parent company Alphabet, has invested in Freenome, an ambitious start-up that’s building technology to detect early-stage cancer, and built a dedicated lab for the start-up. Verily invested in Freenome as part of its most recent round of financing, which totaled $65 million, in March 2017, a person familiar […]
Read moreAs Asia markets open Tuesday, traders will be keeping an eye on the dollar, which appeared to firm after floundering for the past week amid greater uncertainty over the White House’s ability to pass key policy proposals. The dollar index, which measures the dollar against a basket of currencies, edged slightly higher to trade at […]
Read moreDespite the extended pullback in the crude oil space, Schlumberger’s conference call gave Jim Cramer some renewed hope that things could be looking up for the sector. “First, [CEO Paal Kibsgaard] feels that there’s genuine restraint among Russia and Saudi Arabia, those are the two most important worldwide producers. Second, he explains that in the […]
Read moreThe Golden Arches’ latest handiwork in Singapore has seen “overwhelming demand,” but it remains the subject of hot debate in the city state. In markets outside North America, McDonald’s is well known for extensive menus that cater to local taste-buds, and in celebration of Singapore’s 52nd birthday next month, it released a burger based on […]
Read moreTo update GRM Document Management’s paper-only storage system to the 21st Century, CEO Avner Schneur said he decided to go digital — and move away from relying on five-story warehouses. Schneur said the move to digital in 2011 by transferring paper documents to cloud software that his customers could access online. Such a technological transition […]
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