Breakfast briefing

MarketWatch: High-flying semiconductor stocks might be balanced for more misfortunes in the coming weeks as a huge swath of chip names reports quarterly outcomes in an area that may have keep running up too far for a few speculators. Financial specialists will parse profit from 40% of the segments in the PHLX semiconductor record throughout the following month. - Reuters 

Top remote stories 

Hutchison offers HK settled line business to I Squared for US$1.9b: Hutchison Telecommunications Hong Kong Holdings Ltd said on Sunday it consented to offer its settled line telecoms business to I Squared Capital for about US$1.9 billion, raising assets to put into cell phone administrations and for working capital. - Reuters 

Facebook's Sandberg calls for new approaches to support ladies' compensation: Facebook Inc head working officer Sheryl Sandberg approached governments and organizations to accomplish more to close the sexual orientation pay hole on Sunday and said the two young ladies and young men ought to be urged to wind up pioneers from an early age. - Reuters 

Audi targets 10 billion euros in cost slices to subsidize electric-auto push: Audi means to cut expenses by 10 billion euros (US$12 billion) by 2022 to help finance a move to electric autos as it looks to proceed onward after the discharges embarrassment, sources near the carmaker said. The main part of the 10 billion cost investment funds would originate from cutting innovative work costs, the sources said. - Reuters 

Vivendi CEO: Telecom Italia won't end up noticeably French or converge with Orange: Top investor Vivendi has no plans to consolidate Telecom Italia with Orange nor to make it French, CEO Arnaud de Puyfontaine told daily paper La Stampa in a meeting. Telecom Italia named Vivendi's Amos Genish as its general administrator for operations on Friday as the French media goliath fixed its grasp on Italy's greatest telephone gathering, where it is the biggest investor with a 24% stake. - Reuters 

Top nearby stories 

Focus on Encorp and Barakah: After getting key investors to come into Iris Corp Bhd, Felda has moved its concentration to enhancing the execution of Encorp Bhd and Barakah Offshore Petroleum Bhd. Felda director Tan Sri Shahrir Abdul Samad said he planned to see changes in Encorp with a view that the property bunch additionally enhance its execution and returns. - StarBiz 

Pioneers have recuperated costs: Chairman Tan Sri Shahrir Abdul Samad said Felda pilgrims have recouped more than their cost of interest in the offers of Felda Global Ventures Holdings Bhd (FGV) if the most recent motivating force relating to the credits considered for the buy of the offers is taken. In that capacity, he stated, the offer value execution of FGV should never again be a worry to the pilgrims. - StarBiz 

Geely-Proton targets delivering 280,000 autos for China and SEA showcases: The legislature has focused on the generation of around 280,000 autos for the China and South-East Asian markets from the key organization between Zhejiang Geely Holdings Group and Proton Holdings Bhd, said Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan. - Bernama 

AmBank focuses in on SMEs: The AmBank Group is optimizing endeavors to develop its little and medium-sized venture (SME) fragment, as it trusts it has turned out to be a standout amongst the most lucrative sections inside the managing an account industry. The neighborhood SME showcase as of now has over RM300bil in resources, incorporating into credits, stores and venture securities. - StarBiz 

Neighborhood securities exchange getting up to speed with local companions: The nearby stock exchange could have a couple of impetuses pulling out all the stops in the second 50% of this current year that may push it to get up to speed with whatever is left of the district. CIMB Principal Asset Management Bhd boss speculation officer Patrick Chang said the neighborhood showcase has ascended by somewhere in the range of 7% year to date in ringgit terms and around 12% in dollar terms. Local markets in correlation have gone up by 23%. - StarBiz 

Eversendai certain about hitting turnover target: Eversendai Corp Bhd is sure of accomplishing its turnover focus of RM2bil in its current money related year finishing Dec 31, 2017. The organization will concentrate on its center organizations, official administrator and gathering overseeing executive Tan Sri A.K. Nathan stated, including its expansion into the oil and gas segment will in the long run prove to be fruitful for Eversendai. - StarBiz 

BSN sees higher number of premium contributors: Bank Simpanan Nasional (BSN) hopes to expand the quantity of investors for its excellent funds endorsement in the second 50% of 2017 in the midst of the enhanced economy. BSN had 2.8 million contributors with investment funds ensured esteemed at RM3.26bil in the principal a large portion of this current year. - Bernama

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