Business » World

Saturday, 27 September 2014

Intel to invest up to US$1.5b in two Chinese mobile chipmakers

2014-09-27   INTEL Corp said it will pay as much as US$1.5 billion for a 20 per cent stake in two mobile chipmakers with ties to the Chinese government, in the hopes of catching up in a smartphone chip industry dominated by rival Qualcomm Inc. Intel will...

Friday, 26 September 2014

Thailand aims to expand business collaboration with Penang

2014-09-26 THAILAND is looking forward to expanding its business collaboration with Penang in areas such as construction and seafood. “There are a lot of opportunities and investments that we can achieve together with the Malaysian people. We see that Penang...

BlackBerry releases ‘Passport’

2014-09-26 HOPING for a comeback, embattled Canadian company BlackBerry has launched a new smartphone.Chief Executive John Chen on Wednesday unveiled a large-screen, square sized phone called the Passport to a Toronto audience. London and Dubai also hosted...

Japan firm has ‘thumbs up’ solution for bigger smartphones

2014-09-26 HUMAN thumbs are just too stumpy to navigate bigger-than-ever smartphone screens, but a Japanese gadget maker has a solution: a thumb extender.Enter Japan-based Thanko that is hawking a silicone-based device called the “Yubi Nobiiru“, or “stretched...

India promises investors more red carpet, less red tape

2014-09-26   PRIME Minister Narendra Modi pledged Thursday to slash red tape and harness the benefits of a huge young population as he launched a campaign to attract global business to manufacture in India. India’s business-friendly new leader wants to...

Eurozone loans to private sector still contracting: ECB

2014-09-26 LOANS to the private sector in the euro area, a gauge of economic health, fell year-on-year in August, but by slightly less than in July, the European Central Bank said on Thursday. The volume of loans to private businesses and households declined...

China, Spain to sign deals worth US$3.8b

2014-09-26 CHINA and Spain are set to sign business deals worth a total of about 3 billion euros (US$3.8 billion) in Beijing this week, an official said, as Spanish Prime Minister Mariano Rajoy visits the Asian giant to drum up support for his country’s...

ADB trims Southeast Asia 2014 growth forecast to 4.6%

2014-09-26 THE Asian Development Bank (ADB) has trimmed its growth forecast for Southeast Asia this year, citing factors such as political turmoil in Thailand earlier in the year and weaker commodity export prices in Indonesia. In its update to the 2014...

Thursday, 25 September 2014

EU tells Google to improve settlement or face charges

2014-09-25 US INTERNET giant Google will face formal charges if it fails to improve its proposals to the European Union to resolve anti-trust complaints over its search engine, EU Competition Commissioner Joaquin Almunia said yesterday. Google previously...

In Brief

2014-09-25 French business group: Scrap holidays, create jobs PARIS: Scrap two public holidays and loosen the 35-hour week - this was the controversial advice from a French business group Wednesday, as France labours through a deep economic crisis. “Getting...

BlackBerry set to launch Passport

2014-09-25 BLACKBERRY is set to launch an unconventional new smartphone dubbed the Passport as it embarks on potentially the most critical phase of its long turnaround.The one-time smartphone industry pioneer recently concluded a three-year long...

Wednesday, 24 September 2014

European Central Bank launches new 10-euro banknotes

2014-09-24 THE European Central Bank announced that the new 10-euro banknote will start circulating from Tuesday. The ECB is gradually phasing in new banknotes to replace those in circulation since the euro became a physical currency in January 2002.It...

Apple counters talk it will shut Beats service

2014-09-24 APPLE on Monday refuted talk that it plans to close the Beats streaming music service it acquired as part of a US$3 billion deal earlier this year.Apple dismissed talk of shutting Beats as untrue.However, it did not address whether the “Beats” name...

In Brief

2014-09-24 Strong support for carbon pricing schemes: WBWASHINGTON: The World Bank said Monday that there is strong support from countries and businesses worldwide for carbon pricing schemes to cut greenhouse emissions. On the eve of the United Nations...

WTO cuts 2014 trade growth forecast to 3.1%

2014-09-24 GLOBAL commerce is set to expand by 3.1 per cent this year, the World Trade Organization said on Tuesday, cutting its previous forecast of 4.6 per cent due to weak growth and demand. The Geneva-based body also downgraded its forecast for trade...

Philips to split in historic move

2014-09-24 PHILIPS announced Tuesday it would split in two, separating its healthcare-lifestyle division from the historic lighting business in a dramatic streamlining move by the 120-year-old electronics giant.“We’re preparing Philips for the next century,”...

Tuesday, 23 September 2014

China slowdown worries markets

2014-09-23 CONCERN about a potential slowdown in China hit global stocks and commodities on Monday while signs of disagreement between major economic powers on the need for extra stimulus further clouded the outlook.Shares fell in Asia and Europe as investors...

Tesco reveals ‘serious’ profit forecast error

2014-09-23 BRITAIN’S biggest retailer, supermarket group Tesco, has launched an investigation after revealing that it had overstated its half-year profit forecast by £250 million (US$409 million, 318 million euros), it said on Monday.“We have uncovered a...

In Brief

2014-09-23 US firm in China meat scandal lays off 340 staffBEIJING: A US meat supplier said it is laying off most of the workforce of a Chinese subsidiary accused of selling expired beef and chicken to McDonald’s, KFC and other major restaurant chains....

Monday, 22 September 2014

Air France’s fate at stake

2014-09-22 FRANCE’S transport minister warned yesterday that the fate of Air France was in the balance as the flag carrier prepared to enter the second week of a crippling pilots’ strike. The stoppage, which has already run for seven days, is the longest...

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