Money

Money Far East's Ng brothers top Forbes rich list here again
Author: 0 Far East's Ng brothers top Forbes rich list here again

Tan Sri Teh Hong Piow (Public Bank, US$6.7 billion), T. Ananda Krishnan (Astro, US$6.2 billion), Tan Sri Lee Shin Cheng (IOI, US$5.4 billion), Tan Sri Chen Lip Keong (Nagaworld, US$5 billion), and Tan Sri Lim Kok Thay (Genting, US$4.4 billion).

Money Trump Calls Apple CEO Tim Cook ‘Tim Apple’ to His Face
Author: 0 Trump Calls Apple CEO Tim Cook ‘Tim Apple’ to His Face

Perhaps Trump, who appeared as "himself" in 2002 rom-com Two Week's Notice , struggles to fathom that not everyone names their company after themselves, or perhaps - as INQ admittedly would too - he saved Cook as " Tim Apple " is his smartphone's phonebook.

Money China's Defense Budget Growth Slows
Author: 0 China's Defense Budget Growth Slows

The value-added tax for manufacturers will be lowered to 13 percent from 16 percent and drop one percent for transportation and construction industries. Fiscal policy will be "proactive", while monetary policy will remain "prudent", he said. To support private and smaller firms, Li said Beijing will step up targeted cuts in the reserve requirement ratio for smaller and medium-sized banks with an aim to boost lending to small companies by large banks by more than 30 percent.

Money Pompeo says Trump will walk if China trade deal isn’t flawless: interview
Author: 0 Pompeo says Trump will walk if China trade deal isn’t flawless: interview

US President Donald Trump and Chinese language chief Xi Jinping might meet later this month to finish the year-lengthy commerce conflict between the two nations. A draft version of the legislation was revealed last December, and the National People's Congress is expected to vote on a revised version at the end of next week.

Money QuadrigaCX plot thickens as cold wallets are found to be ’empty’
Author: 0 QuadrigaCX plot thickens as cold wallets are found to be ’empty’

It's even getting thicker because the sixth "appears to have been used to receive Bitcoin from another cryptocurrency exchange account and subsequently transfer Bitcoin to the QuadrigaCX hot wallet ". After QuadrigaCX's founder went dead a while ago, the court tasked EY to investigate the matter and conduct an accounting check. The likely existence of over half of the reserve, even held in another exchange, allows the creditors of the exchange to rest easy as this also indicated ...

Money Tesla blames misprinted label for China customs hiccup
Author: 0 Tesla blames misprinted label for China customs hiccup

Business Insider reports that China is suspending the import and sale of Tesla Model 3 vehicles due to "various irregularities" in 1,600 imported cars. Clearance was held up after Chinese customs discovered misprinted labels on certain Model 3 cars. Tesla is hoping to reduce the cost of producing and transporting the Model 3 by making the vehicle at its own manufacturing site near Shanghai, where construction began in January.

Money WA farmers win from Indonesia trade deal
Author: 0 WA farmers win from Indonesia trade deal

Indonesian Trade Minister Enggartiasto Lukita and his Australian counterpart Simon Birmingham signed the so-called Comprehensive Economic Partnership Agreement at a hotel in Jakarta . Andrew Weidemann , a grain farmer in the Australian state of Victoria, said the agreement was a rare bright spot for an industry crushed by prolonged drought on the east coast.

Money 32-Year-Old Indian-Origin Dentist Missing In Australia
Author: 0 32-Year-Old Indian-Origin Dentist Missing In Australia

ABC reports the last known images of Reddy were captured at a George Street McDonald's in Sydney's CBD at around 2:15am on Sunday, only a few hours after the conclusion of the Mardi Gras parade. Her sister, Nithya Reddy, posted on Facebook that she had previously been located at Hotel Urban in Greenwich on Sydney's lower north shore. She can be seen wearing a long-sleeve black shirt, black trousers and black ballet flats.

Money Virgin Airlines tells air hostesses they don't need to wear make up
Author: 0 Virgin Airlines tells air hostesses they don't need to wear make up

The move, coming from a major airline, represents a symbolic shift in an industry long notorious for its requirements that flight attendants maintain a level of physical appearance. A representative for the airline confirmed to Business Insider that women are no longer required to wear makeup while working. Baker, who has previously derided cabin crew on rival airlines as "grandmothers" and past year said only a man could do his job, said Qatar would sponsor awards for outstanding women ...

Money Every Angle of the $18.9 Million Bugatti La Voiture Noire
Author: 0 Every Angle of the $18.9 Million Bugatti La Voiture Noire

The 16-cylinder engine has six tailpipes and La Voiture Noire's extravagant specs highlight the balancing act VW is pulling off across its 12-brand empire. "This is a material that has been handled perfectly", says Bugatti designer Etienne Salomé, in a press release . We worked long and hard on this design until was nothing that we could improve.

Money Carlos Ghosn granted bail in Japan
Author: 0 Carlos Ghosn granted bail in Japan

The ex-chairman has been awaiting trial on charges of underreporting his income by about half , and improperly transferring his personal investment losses to Nissan . In Japan , suspects are frequently kept in detention for long periods and defense lawyers are prohibited from being present during interrogations, which can last eight hours a day.

Money Lyft Files for Stock Offering, Beating Uber to Wall Street
Author: 0 Lyft Files for Stock Offering, Beating Uber to Wall Street

The company has managed to grab market share from better-funded Uber, but the filing failed to provide answers to how it will sustain growth or achieve profitability. The Lyft app is seen on a passenger's phone. Launched in 2012, Lyft said it has given over 1 billion rides to date and has established relationships with over 10,000 organizations, cities and municipalities to facilitate rides for their employees, customers and constituents.

Money Tesla’s Model 3 Is Here, Switching To E-commerce?
Author: 0 Tesla’s Model 3 Is Here, Switching To E-commerce?

Tesla has been pushing to cut the cost of the Model 3 , trying to get the starting price for the compact vehicle down from the level of $49,000 when it debuted in 2017. The move comes as Tesla already is struggling to service its existing customers and expand its customer base. Tesla is still a long way from fully releasing its cars' full open-source programs and Linux operating system code, but it's on its way.

Money Trump says he plans to end India's preferential trade treatment
Author: 0 Trump says he plans to end India's preferential trade treatment

Trump wrote a letter to the US Congress on Monday signalling his intent to remove India from the Generalised System of Preferences ( GSP ) - a programme that provides developing countries an easy access to the US market. companies' operations in China and purchase large amounts American agricultural and energy goods if the United States lowered most of the tariffs in return.

Money Need a vacation? Southwest launching flights to Hawaii
Author: 0 Need a vacation? Southwest launching flights to Hawaii

The discount carrier Southwest Airlines has been saying it would add flights to Hawaii since at least 2017. Southwest formally announced plans to launch service to Hawaii in October 2017 but said it had several hurdles to clear before getting final approval from the FAA.

Money White House's Hassett says progress in China trade talks
Author: 0 White House's Hassett says progress in China trade talks

Trump had forecast a summit meeting with Chinese President Xi Jinping to finalize details in a bilateral trade agreement to tackle deeper issues, including greater transparency around subsidies and state-owned enterprises (SOEs) from China , addressing USA concerns over forced technology transfer, and intellectual property protection.

Money Stock markets rise on US-China trade deal hopes
Author: 0 Stock markets rise on US-China trade deal hopes

The Wall Street Journal said that in the pending agreement, China would lower tariffs on US -made goods including agricultural products, chemicals and cars in exchange for sanctions relief from Washington, citing people briefed on the matter on both sides.

Money Volvo to limit the top speed on all its cars to 180km/h
Author: 0 Volvo to limit the top speed on all its cars to 180km/h

Volvo is also looking into "smart speed control" an and geofencing technologies that could, for instance, automatically limit speeds around schools and hospitals. Similar technology has been installed on several high-performance cars in Germany, but at a much higher speed limit. 'People often drive too fast in a given traffic situation and have poor speed adaption in relation to that traffic situation and their own capabilities as a driver.

Money Winning Mega Millions ticket sold in New Jersey
Author: 0 Winning Mega Millions ticket sold in New Jersey

Drawings are held on Tuesdays and Fridays. There were definitely some big winners in the second of the week's two Powerball drawings, but nobody took home the jackpot. on Monday, March 4. Most experts stress that if the player gets lucky and hits all six numbers - a 1 in 302 million chance - they should first and foremost keep the news to themselves before hiring a trusted financial adviser in order to avoid the sudden pitfalls of overnight wealth.

Money Tesla will finally unveil its new Model Y crossover SUV
Author: 0 Tesla will finally unveil its new Model Y crossover SUV

The brand launched its official Kiwi distributorship back in February 2017. Tesla stories will close over the next few months, with a small number of stores in high-traffic locations remaining as galleries, showcases and Tesla information centres.

Money Victoria's Secret, The Gap Could Be Closing NJ Stores
Author: 0 Victoria's Secret, The Gap Could Be Closing NJ Stores

Another factor is Victoria's Secret has been marketing with coupons which cuts into the profits. The closed stores make up about four per cent of the company's 1,143 Victoria's Secret stores worldwide. Continuing, he said that the retailer plans to close stores every year as they reinvest into the stronger ones and then, going forward look at opening new stores.

Money Aston Martin Valkyrie will get 1176hp
Author: 0 Aston Martin Valkyrie will get 1176hp

We know the Aston Martin Valkyrie is going to deliver over 1,000bhp when it arrives, but now we know the exact figure - 1,160bhp. A KERS-style boost system akin to those fitted to F1TM cars, the Aston Martin Valkyrie's hybrid system has been developed by two main technical partners; Integral Powertrain Ltd, who supplied the bespoke electric motor, and Rimac for the lightweight hybrid battery system.

Money Global shares rise on tame inflation, MSCI's China move
Author: 0 Global shares rise on tame inflation, MSCI's China move

It must be noted, though, China's equity market accounts for almost 30 percent of the emerging markets, and even with the planned quadruple increase, the weighting of Chinese stocks in the MSCI Emerging Market Index remains low at 3.3 percent, compared with the current 0.7 percent.

Money William Hill earnings slide as it adjusts to regulatory changes
Author: 0 William Hill earnings slide as it adjusts to regulatory changes

The bookmaker revealed yesterday that it had swung from a pre-tax profit of £146.5 million in 2017 to a loss of £721.9 million past year after £922.1 million of exceptionals, including an £882.8 million non-cash impairment against the value of its retail estate.

Money Malaysia's manufacturing downturn continues in February
Author: 0 Malaysia's manufacturing downturn continues in February

The Nikkei Malaysia Manufacturing Purchasing Managers' Index registered 47.6 in February, down from 47.9 in January, thereby pointing to a sharper deterioration in manufacturing sector business conditions. The private sector survey results were less pessimistic compared to the official PMI numbers released on Wednesday which showed China's manufacturing sector worsening from the previous month to contract for the third straight month in February, falling below analysts' expectations.

Money VW's Seat says its Geneva EV concept combines electric and connectivity trends
Author: 0 VW's Seat says its Geneva EV concept combines electric and connectivity trends

EAT el-Born will make its first appearance in front of the world's media at the Volkswagen Group night, before its public debut at the 2019 Geneva International Motor Show. The cabin features a 10-inch infotainment and connectivity screen perched in the centre of the dashboard. It also comes with Intelligent Park Assist which is also an attractive new feature of the electric auto.

Money French, Dutch Ministers Pledge Cooperation on Air France-KLM
Author: 0 French, Dutch Ministers Pledge Cooperation on Air France-KLM

Dutch ministers ordered the stealth acquisition after Smith appeared unreceptive to their concerns about his plan for closer integration between the Air France and KLM operations, and its potential impact on Amsterdam's Schiphol airport. As a result, the French benefitted more than the Dutch from the merger. "By becoming an Air France-KLM shareholder, the Dutch state shows its commitment to the success of the firm and supports management in its drive to improve the company's performance", ...