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Malaysia to meet economic expansion target this year

Kuala Lumpur / Bloomberg Malaysia will meet its economic expansion target this year even as risks to global growth mount and greater volatility may persist in capital flows, central bank Governor Zeti Akhtar Aziz said. Price pressures are “quite contained” due to lower fuel and commodity costs and slightly slower demand, Zeti said in an interview in Washington. Until there ...

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Uber, Ola cars seized in ‘surge pricing’ op

  Bangalore / Bloomberg Uber Technologies Inc. and its competitor in India, Ola, have had cars seized this week in the country’s technology capital of Bangalore for allegedly overcharging customers, a city transport official said. More than 30 Uber and Ola vehicles have been impounded, said Rame Gowda, the Bangalore-based commissioner of transport and road safety. He said operations against ...

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India’s TCS to appeal $940mn in damages

  New Delhi / AFP India’s biggest IT outsourcing firm Tata Consultancy Services (TCS) says it will challenge $940 million in damages imposed by a US court in an intellectual property theft case. A federal grand jury in the US state of Wisconsin found TCS and its American unit guilty of using data from a US medical software firm without ...

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