• World Biz  |  DECEMBER 19, 2014 11:33 PM

    Instagram worth RM121 bil, says Citi

    Story by
    www.bloomberg.com

    Instagram, the photo-sharing app owned by Facebook Inc (FB), is probably worth US$35 billion (RM121.3 billion), almost double its previous valuation, according to an analyst.

     
  • Commodities & World Biz  |  DECEMBER 19, 2014 7:58 PM

    Oil plunge exposes weakness in hedging strategy

    Story by
    www.bloomberg.com

    At least six companies, including Pioneer Natural Resources Co and Noble Energy Inc, used a strategy known as a three-way collar that doesn’t guarantee a minimum price if crude falls below a certain level, according to company filings.

     
  • Corporate & World Biz  |  DECEMBER 19, 2014 7:01 PM

    BASF exits deal with Gazprom as Russian crisis continues

    Story by
    www.bloomberg.com

    BASF SE’s plan to exit a low-margin gas- trading business, giving up 12 billion euros (RM51.2 billion) of sales, and take a leap forward in gas production evaporated with the collapse of a deal to swap assets with Russian partner OAO Gazprom.

     
  • Commodities & World Biz  |  DECEMBER 19, 2014 6:37 PM

    Rice subsidies costs Thailand RM71 bil, says Thai PM

    Story by
    www.bernama.com

    Thailand is expected to incur about 680 billion baht (RM71.5 billion) losses from its now-suspended paddy pledging programme that was implemented during the administration of former Prime Minister Yingluck Shinawatra.

     
  • World Biz  |  DECEMBER 19, 2014 6:27 PM

    China to build 867 kilometres of railways in Thailand

    Story by
    www.reuters.com

    The first line will be a 734-kilometre standard-gauge dual track railway stretching from Nong Khai on Thailand's border with Laos, to its industrialised eastern seaboard.

     
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