Friday, 26 April 2019

Musk bid for Tesla: no formal offer, no firm deals with advisers

BENGALURU/NEW YORK/BOSTON Tesla Inc’s board named a special committee of three directors yesterday to decide what to do about Chief Executive Elon Musk’s potential offer...

Petronas acquires 30% equity in Senegal oil, gas block

KUALA LUMPUR Malaysian oil and gas company Petroliam Nasional Bhd (Petronas) said yesterday it has acquired a 30 per cent stake in Senegal’s Rufisque Offshore...

Euro on defensive as Turkish crisis sparks rush to safety

SYDNEY The euro was under pressure in Asia today as fears about the exposure of European banks to crisis-hit Turkey sent investors scurrying to safe...

Ryanair strike hits 55,000 passengers across Europe

DUBLIN/BERLIN Ryanair endured its worst one-day strike today after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers...

Samsung unveils gaming-friendly Galaxy Note 9 to boost sales

SEOUL Samsung Electronics Co Ltd launched the Galaxy Note 9 “phablet” in New York yesterday, promising better battery life and quick cooling to attract...

The ‘Friends’ trend: ’90s fashion revival for back-to-school season

USA Urban Outfitters Inc, American Eagle Outfitters Inc and other retailers are filling stores with styles from the 1990s in a bet that fanny packs,...

Seeking new growth drivers, Samsung plans US$22 billion spending on new tech

SEOUL Samsung Group will invest 25 trillion won (US$22 billion) in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business in...

Tesla starts hiring for new US$2 billion Shanghai plant

BEIJING/SHANGHAI Tesla Inc has started hiring for a new factory in Shanghai, according to job postings on its website, just a month after the...

China’s Didi to invest US$1 billion in its auto services platform

BEIJING Didi Chuxing Technology, China’s largest ride-hailing service, said yesterday it will invest US$1 billion in its auto services business, part of a larger unit...

Indonesia lobbies US to maintain special tariff treatment

JAKARTA Indonesia lobbied visiting US Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade...

Bezos throws cash, engineers at rocket programme as space race accelerates

SEATTLE Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his...

Apple just became the world’s first $1 trillion company

SAN FRANCISCO Apple became the first US$1 trillion publicly listed US company today, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed...
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