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  • Palm oil stocks up 3.98 pct in Sept: MPOB

    October 10, 2017 7:14 AM 7

    KUALA LUMPUR: Malaysia's total palm oil stocks in September 2017 rose by 3.98 per cent to 2.01 million tonnes from 1.94 million tonnes in August, said the Malaysian Palm Oil Board (MPOB). In a statement today, MPOB said, crude palm oil (CPO) stocks rose by 0.96 per cent to 1.06 million tonnes during the month under review from 1.05 tonnes registered

  • Pakistan celebrates World Post Day

    October 10, 2017 1:29 AM 6

    ISLAMABAD: Hand in hand with Universal Postal Union, the Pakistan Post traditionally celebrates the World Post Day every year on October 9, with a new resolve to provide postal services, financial services, customised e-services and logistics to the customers, meeting the demands of the technology-driven competitive environment. The Pakistan Post celebrated

  • AccorHotels bids for Mantra

    October 10, 2017 12:00 AM 13

    Sydney: France´s AccorHotels has made a Aus$1.17 billion (US$910 million) bid for one of Australia´s biggest hotel operators, the Mantra Group, the local company said Monday in a move that sent its share price soaring. Mantra, which operates more than 20,000 rooms in Australia, New Zealand and Indonesia, said it had received an offer of Aus$3.96 cash per share

  • SSGC to commission SNG project in Awaran

    October 10, 2017 12:00 AM 7

    KARACHI: Sui Southern Gas Company (SSGC) is all set to commission an LPG-Air Mix plant in Balochistan’s Awaran district, a statement said on Monday. The project, fraught with diverse topographical and law and order issues, is being built at an approximate cost of Rs440 million through SSGC’s own resources. Once commissioned, the Awaran LPG-Air Mix or Synthetic

  • What is the Magic Formula Saying About Vivendi SA (ENXTPA:VIV) Shares?

    October 8, 2017 11:36 AM 8

    The MF Rank developed by hedge fund manager Joel Greenblatt, is intended spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks. Vivendi SA (ENXTPA:VIV) has a current MF Rank of 9429. Free Cash Flow Growth

  • Google to use balloons

    October 8, 2017 12:00 AM 8

    WASHINGTON: The U.S. Federal Communications Commission said late on Friday it had approved Alphabet Inc’s application to provide emergency cellular service to Puerto Rico through balloons. In the aftermath of Hurricane Maria, Puerto Rico has struggled to regain communications services. The FCC said on Friday that 83 percent of cell sites remain out of service

  • Renault plans China growth

    October 7, 2017 12:00 AM 8

    Paris: French automaker Renault, a leader in electric vehicles, on Friday announced plans to launch five new emissions-free models by 2022 and make a major push into China. Renault CEO Carlos Ghosn said he aimed for annual sales of 5 million vehicles by 2022, a 44-percent increase on the 3.47 million units sold in 2016 and revenues of over 70 billion

  • Mobile money hackathon today

    October 7, 2017 12:00 AM 7

    Telenor Microfinance Bank and JazzCash, together with the GSMA, will host companies and developers in the financial services industry, including banks, aggregators, payments switches, start-ups, fintech companies and established players, for the weekend challenge of testing and building solutions for harmonised API use cases, it added. The hackathon

  • Vivo unveils V7+ smartphone in Pakistan

    October 7, 2017 12:00 AM 11

    Lahore: The global smartphone leader, Vivo officially launched its brand and the latest flagship smartphone V7+ in Pakistan today. The glamourous launch event was held at a local hotel, where more than 600 people were gathered from all walks of life, including the key opinion leaders of smartphone industry, fashion icons, TV & Film actors, singers, mainstream

  • Investors from Japan, Middle East show interest in Baltic LNG

    October 6, 2017 11:04 AM 6

    MOSCOW (Reuters) - Investors from Japan and Middle East have shown interest in Gazprom’s (GAZP.MM) Baltic LNG project, Gazprom Deputy Chief Executive Officer Alexander Medvedev said in an interview to the Rossiya-24 TV channel on Friday. Baltic LNG is due to start producing liquefied natural gas in 2022-2023. Gazprom signed a memorandum of understanding