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Bloomberg The personal data of about 100,000 Singapore defence personnel may have been leaked in yet another cyberattack in the city-state. Sensitive information held by two security force vendors, including full names, identification details, and a combination of contact numbers, email and residential addresses could be included in the potential data exposure, according to a statement published on the ministry’s ...
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December, 2019
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22 December
Mazda to shift some output from Thailand to Japan
Bloomberg Mazda Motor Corp is shifting some production of cars destined for the Australian market from Thailand to Japan, citing the adverse impact of a stronger Thai baht, according to the Nikkei newspaper. Assembly of CX-3 sports utility vehicles will be moved to its Yamaguchi factory in southwest Japan this year, the report said, without citing anyone. Mazda has the ...
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22 December
Kansai Electric to halt two nuclear reactors
Bloomberg Kansai Electric Power Co, one of Japan’s regional power utilities, will halt two reactors at its Takahama nuclear power plant north of Osaka because they’re unlikely to meet the government’s anti-terrorism requirements, according to the Mainichi newspaper. Reactors No. 3 and No. 4 will stop operating from next summer, as it has become clear that construction of security measures ...
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22 December
India’s appetite for petroleum fuels to drop to six-year low
Bloomberg India expects its oil consumption to expand at the slowest pace in six years as the economy sputters. The nation’s consumption of petroleum products in the financial year to March 2020 is expected to rise by 1.3% to 216 million tons, the oil ministry’s Petroleum Planning and Analysis Cell said in its estimates. That’s the slowest since the 0.9% ...
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22 December
Masan Group to offer $431m bonds in 2020
Bloomberg Masan Group plans to issue up to 10 trillion dong ($431.5 million) of bonds next year to expand its business, lend to units and repay a loan. The bonds will be issued in local currency at 100% of face value with a maximum term of 36 months, according to a statement on the company’s website. They will be non-convertible, ...
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22 December
China diaper maker Coco Healthcare considers sale
Bloomberg Coco Healthcare Products Co, a Chinese diaper manufacturer, is exploring a sale that could fetch about $200 million, people with knowledge of the matter said. The Hangzhou-based company, which counts CLSA Capital Partners among its shareholders, is working with an adviser on the potential sale, said the people, who asked not to be identified as the information is private. ...
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22 December
Tesla bucks China car slump as November registrations soar
Bloomberg Tesla Inc bucked the downturn in the world’s biggest electric-vehicle market last month as its new-car registrations in China soared 14-fold, giving the Model 3 maker some momentum as it prepares to begin deliveries from its Shanghai factory. Registrations of Tesla vehicles climbed to a five-month high of 5,597 in November, compared with 393 a year earlier, according to ...
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22 December
Facebook acquired a startup to build a live shopping feature
Bloomberg Facebook Inc acquired a small video-shopping startup earlier this year to help build a live shopping feature inside the company’s Marketplace product, according to a person familiar with the plans. The social media company bought Packagd, a five-person company founded by Eric Feng, a former partner with Kleiner Perkins Caufield & Byers, and most of the startup’s team joined ...
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22 December
‘Blocking T-Mobile, Sprint deal would harm consumers’
Bloomberg The Trump administration came to the defense of T-Mobile US Inc in its fight to buy Sprint Corp, telling a judge overseeing an antitrust lawsuit brought by several states that blocking the $26.5 billion merger would harm consumers. The Justice Department’s antitrust division and the independent Federal Communications Commission said in a joint court filing that their approval of ...
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22 December
Google fined $167mn in France amid crackdown on online advertisement
Bloomberg Google was fined 150 million euros ($167 million) in a French antitrust case involving online advertising as regulators throughout Europe criticise the tech giant’s business practices. The French authority found Google abused its dominant position in search when it set “opaque and difficult to understand operating rules†for its Google Ads advertising platform that it applied unfairly and randomly. ...
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