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AI company uses data from surveillance videos | Money Talks

The global artificial intelligence arms race is well and truly on. The European Commission plans to inject $1.8 billion into researching AI. But China and the US are out-spending it many times over. Kevin Ozebek has more...

Ringgit lower against US$ on solid US economic outlook and rising bond yields

KUALA LUMPUR: The ringgit was lower against the US dollar early Wednesday on better demand for the greenback in view of the solid economic outlook for the world's biggest economy and rising bond yields. As at 9.26 am(...

Sumatec down 30% after auditors’ disclaimer of opinion

KUALA LUMPUR: Sumatec Resources Bhd  plunged 30% after its external auditors expressed disclaimer opinion on its financial year ended Dec 31, 2017 (FY17) accounts.   The counter fell 30.77%, or two sen to 4.5 sen. It ...

Zelan external auditors PwC uncertain over its outlook after losses

KUALA LUMPUR: Trading in the shares of Zelan Bhd  was halted for an hour until 10am on Wednesday after its external auditors, expressed concern about the outlook for the company following its losses. Zelan said Mes...

1MDB: Swiss investigation is not an inquiry into 1MDB, shareholder

KUALA LUMPUR: It is irresponsible and reprehensible for an alleged investigation by Swiss prosecutors to be twisted and framed as an inquiry into 1Malaysia Development Bhd (1MDB) and its shareholder.   “1MDB notes a ne...

WhatsApp co-founder leaving Facebook after clashes

SAN FRANCISCO: The co-founder of WhatsApp, a messaging service owned by Facebook Inc with more than 1 billion daily users, said on Monday he was leaving the company, in a loss of one of the strongest advocates for privac...

Malaysia’s reserves remain usable as at end-March 2018, says BNM

KUALA LUMPUR, April 30 (Bernama) -- Malaysia's reserves remained usable as at end-March 2018 with official reserve assets at US$107.82 billion, in accordance with the International Monetary Fund's Special Data Disseminat...

Efficient economic management enables higher BR1M payments – Najib

SANDAKAN, April 30 (Bernama) -- The efficiency of managing the economy has raised the nation's receipts and some of the additional income has been returned to the people by doubling the 1Malaysia People's Aid (BR1M), sai...

Bank Negara adds IPG Capital, Spot Gold Scheme to alert list

KUALA LUMPUR: Bank Negara Malaysia has added IPG Capital and Spot Gold Scheme to its Financial Consumer Alert list. It announced these two companies and the websites were among the latest list of  418 companies which we...

More challenges for markets seen in May

WILL the month of May be more challenging than the usual “sell in May and go away”? Political uncertainty is an issue. In Malaysia, it will be general election in early May while in the US, it will be mid-term elections...

Maybank to provide RM10bil home loans

KUALA LUMPUR: Malayan Banking Bhd  (Maybank) expects to provide some RM10bil in loans under its new MaxiHome Ezy scheme this year. Maybank Islamic Bhd chief executive officer Datuk Mohamed Rafique Merican said the ne...

Confusion over intraday short selling

Instrument is aimed at boosting liquidity in local stock market EARLIER in the week, there was much confusion about intraday short selling (IDSS) further exacerbating the poor conditions in the stock market and hence cr...

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