• Macau police hunt VIP dealer after $6 million theft from Wynn
    Reuters13 minutes ago

    Macau police hunt VIP dealer after $6 million theft from Wynn

    Police in the world's largest gambling hub of Macau are hunting for a dealer suspected of stealing HK$48 million ($6 million) worth of casino chips from Wynn Macau, authorities in the Chinese-controlled territory said on Thursday. Casino thefts in the former Portuguese colony of Macau, which rakes

  • Reuters32 minutes ago

    Malaysia's Khazanah raises $320.8 mln in exchangeable sukuk

    Malaysia's state investor Khazanah Nasional Bhd said on Thursday it has raised $320.8 million through a sukuk that is exchangeable into CITIC Securities Co Ltd's Hong-Kong listed H-shares. CITIC Securities, China's largest securities brokerage firm, will be Khazanah's eighth exchangeable

  • Reuters38 minutes ago

    European move to ban palm oil from biofuels is 'crop apartheid' -Malaysia

    Malaysia on Thursday criticised the European Union for backing a ban on the use of palm oil in biofuels, calling the move a protectionist trade barrier and a form of "crop apartheid". The plan includes a ban on the use of palm oil in motor fuels from 2021. Malaysia is the world's second-biggest

  • South Korea considering shutting down all virtual currency exchanges
    Reuters1 hour ago

    South Korea considering shutting down all virtual currency exchanges

    By Dahee Kim SEOUL (Reuters) - South Korea's financial regulator chief said the government is considering shutting down all local virtual currency exchanges in a national policy committee meeting on Thursday. "(The government) is considering both shutting down all local virtual currency exchanges

  • Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes
    Reuters2 hours ago

    Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

    The company has been under increasing pressure to make U.S. investments since the 2016 presidential campaign, when Trump targeted the iPhone maker for making products in Asian factories. While Apple has announced no plans to change that practice and experts say it would be economically impractical to

  • Reuters2 hours ago

    EM ASIA FX-Malaysian ringgit falls; Taiwan dollar, S.Korean won inch up

    Jan 18 (Reuters) - The following table shows rates for Asian currencies against the dollar as of 0209 GMT. CURRENCIES VS U.S. DOLLAR Change as of 0209 GMT Currency Latest bid Previous day Pct Move Japan ...

  • Reuters2 hours ago

    U.S. enterprise telecoms firm Avaya trades again after bankruptcy

    Avaya Holdings Corp shares started trading on Wednesday on the New York Stock Exchange, the first time the enterprise telecommunications provider has been public in more than a decade. Avaya spent the past year sorting its financials in a Chapter 11 bankruptcy process before listing its shares publicly

  • Intel: Problem in patches for Spectre, Meltdown extends to newer chips
    Reuters2 hours ago

    Intel: Problem in patches for Spectre, Meltdown extends to newer chips

    Intel confirmed that patches for the security flaws can cause higher-than-expected reboot rates in Ivy Bridge, Sandy Bridge, Skylake and Kaby Lake processors, said Navin Shenoy, general manager of the data center group, in a statement on Intel’s website. Last week, Intel said it had received reports

  • Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal
    Reuters2 hours ago

    Toshiba sees $3.7 bln balance sheet improvement from Westinghouse deal

    Toshiba Corp said on Thursday it would sell its claims in bankrupt nuclear unit Westinghouse Electric Co to a group led by the Baupost Group - a move that would contribute to an improvement of about 410 billion yen ($3.68 billion) in its balance sheet. Confirming an earlier Reuters report, the Japanese

  • Reuters3 hours ago

    BRIEF-China High Speed Transmission Equipment Says Trading In Shares Is Halted

    Jan 18 (Reuters) - China High Speed Transmission Equipment Group Co Ltd: * TRADING IN SHARES IS HALTED FROM 9:00 A.M 18 JAN PENDING RELEASE OF ANNOUNCEMENT ON CODE ON TAKEOVERS & MERGERS OF HK Source text ...

  • Trump says solar tariff decision coming soon, stakes huge for industry
    Reuters3 hours ago

    Trump says solar tariff decision coming soon, stakes huge for industry

    Domestic panel producers opposed to cheap imports would benefit from a tariff. In an interview with Reuters, Trump declined to say how he would land on the case - which was triggered last year by a domestic manufacturer's trade grievance - but complained about the effect of imports on U.S. panel

  • Reuters3 hours ago

    VEGOILS-Market factors to watch January 18

    The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures slumped to a three-week low on Wednesday evening as a ...

  • Big portion of future GM electric vehicles for China market: executive
    Reuters3 hours ago

    Big portion of future GM electric vehicles for China market: executive

    By Paul Lienert and Nick Carey DETROIT (Reuters) - General Motors Co's China unit will sell a "substantial portion" of the automaker's future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, "China is at the heart

  • FTC investigating Broadcom for antitrust practices
    Reuters4 hours ago

    FTC investigating Broadcom for antitrust practices

    The investigation comes as Broadcom pursues a hostile takeover of Qualcomm in a $103 billion deal. Since the FTC would likely review any merger for anticompetitive practices, the current probe could make regulatory approval more challenging. Broadcom was recently issued subpoenas that seek an extensive

  • Reuters4 hours ago

    BRIEF-Shenwu Environmental Signs MOU With Tian Poh's Unit On Coal Gasification Projects

    Jan 18 (Reuters) - Shenwu Environmental Technology Co Ltd : * SAYS IT SIGNS MOU WITH TIAN POH'S UNIT POH GOLDEN GER RESOURCES ON COAL GASIFICATION PROJECTS Source text in Chinese: http://bit.ly/2FNv9Ru ...

  • Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes
    Reuters4 hours ago

    Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

    The company has been under increasing pressure to make U.S. investments since the 2016 presidential campaign, when Trump targeted the iPhone maker for making products in Asian factories. While Apple has announced no plans to change that practice and experts say it would be economically impractical to

  • Reuters5 hours ago

    Florida man gets prison for trading on tip about Gilead deal

    Jay Fung, of Delray Beach, was sentenced by U.S. District Judge Anne Thompson in Trenton, New Jersey, after pleading guilty in March 2016 to conspiracy to commit securities fraud, prosecutors said. The former Morgan Stanley broker, Kevin Dowd, pleaded guilty in September 2013 to a criminal conspiracy

  • Reuters5 hours ago

    U.S. court invalidates patent on J&J cancer drug Zytiga

    A U.S. administrative court on Wednesday invalidated a Johnson & Johnson patent on its blockbuster prostate cancer drug Zytiga, bringing rivals closer to selling generic versions. The Patent Trial and Appeal Board said a Johnson & Johnson patent describing a method of administering Zytiga should not

  • Verizon says new U.S. tax law to increase fourth-quarter earnings
    Reuters5 hours ago

    Verizon says new U.S. tax law to increase fourth-quarter earnings

    Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion. The reduction will increase earnings for the fourth quarter and year ending

  • Reuters6 hours ago

    Turkish group offers to build airport in Albanian PM's constituency

    A Turkish consortium has offered to build an airport in the Albanian town of Vlore, Albanian Prime Minister Edi Rama said on Wednesday. Rama, whose constituency is Vlore and who is a friend of Turkish President Tayyip Erdogan, has long been pushing for an airport in the southwestern coastal town. &

  • Reuters8 hours ago

    Venezuela says 'false information' published about petro cryptocurrency

    Venezuela's government on Wednesday said online media had published "false information" about the petro cryptocurrency being proposed by President Nicolas Maduro. Maduro is pressing ahead with an attempt to capitalise on the success of cryptocurrencies like bitcoin as Venezuela's fiat

  • Under threat: Cyber security startups fall on harder times
    Reuters8 hours ago

    Under threat: Cyber security startups fall on harder times

    By Liana B. Baker SAN FRANCISCO (Reuters) - A wave of cyber attacks by criminals, spies and hacker activists should make these heady days for U.S. cyber security startups. In some cases, the security products they developed have been overtaken by advances in cyber hacking, according to industry executives

  • Regulatory fears hammer bitcoin below $10,000, half its peak
    Reuters8 hours ago

    Regulatory fears hammer bitcoin below $10,000, half its peak

    By Tommy Wilkes and Hideyuki Sano LONDON/TOKYO (Reuters) - Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor fears that regulators could clamp down on them in an effort to curb speculation. The world's biggest

  • Reuters8 hours ago

    Tom Siebel's billion-dollar software firm raises $100 million

    By Liana B. Baker SAN FRANCISCO (Reuters) - C3 IoT, a software company founded and run by longtime Silicon Valley executive Thomas Siebel that helps companies collect and analyze data, has raised another $100 million in a new funding backed by TPG Growth, the company said on Wednesday. The valuation