Facebook said on Thursday it committed an initial US$130 million to fund an independent oversight board, but said it would not announce its members this year, as originally expected.
Japan's Hoya Corp said on Friday it would make a US$1.4 billion counter-bid for NuFlare Technology Inc in what could become a hostile offer for the Toshiba Corp unit, which the electronics conglomerate plans to buy out.
SINGAPORE: Singapore's sovereign wealth fund said it had signed a deal to buy a logistics real estate portfolio from funds managed by private-equity firm Apollo Global Management's affiliates for about €950 million (US$1 billion). The portfolio comprises 28 logistics assets across Europe ...
Asian share markets jumped on Friday as a last-gasp Sino-U.S. trade deal and a likely major election win by Britain's Conservative Party looked to have cleared a couple of dark clouds from the global horizon.
LONDON: The British pound surged on Thursday (Dec 12), hitting its highest levels against the euro since shortly after the 2016 Brexit referendum as Prime Minister Boris Johnson's Conservative Party looked on course for a big parliamentary majority. Investors, chastened by 3-1/2 years of political ...
WASHINGTON: The White House has agreed to suspend some tariffs on Chinese goods and reduce others in return for Beijing's pledge to hike purchases of US farm products in 2020, sources said on Thursday (Dec 12), taking a step towards de-escalating the trade war between the world's two biggest ...
SAN FRANCISCO: Facebook shares slipped on Thursday (Dec 12) after a report that US regulators want an injunction against the social network strengthening how its apps and those of others integrate with the platform. Facebook shares ended the formal trading day down 2.7 per cent to US$196.75 as a ......
BANGKOK: At Bangkok's Reclining Buddha temple, Krairath Chantrasri says he is a proud custodian of an ancient skill - the body-folding, sharp-elbowed techniques of Thai massage, which was added on Thursday (Dec 12) to UNESCO's prestigious heritage list. Originating in India and practised in ...
The U.S. Federal Trade Commission is considering seeking a preliminary injunction against Facebook Inc because of concerns that policies about how its apps interact violate antitrust law, The Wall Street Journal reported https://www.wsj.com/articles/ftc-weighs-seeking-injunction-against-facebook ...
KUALA LUMPUR: Malaysian carmaker Proton has reinvented itself in terms of quality and branding, said CEO Li Chunrong, adding that the company is now competing with global players such as Toyota and Honda. In an exclusive interview with CNA on Wednesday (Dec 11), Mr Li noted that Proton had ...
