PUC gets shareholders’ nod for Pictureworks stake buy
KUALA LUMPUR (April 26): ACE Market-listed PUC Bhd received shareholders’ approval to acquire a 33 per cent stake in Pictureworks Holdings Sdn Bhd (PW) for RM52.80 million at its extraordinary general meeting here today.
In a statement, PUC said the acquisition would allow the company to diversify its business into the imagery capture sector, thus providing new revenue streams.
(Aug 16): Among the unintended consequences from President Donald Trump's trade war is that it could cause the Federal Reserve to slow the pace of its interest rate hikes.
While Trump has spoken out against the central bank's policy tightening and might be pleased if it stops raising interest rates sooner than expected, the move would be for the wrong reason, namely a slowing economy.
That's among the multiple quandaries that have arisen from the president's gambit to lower the national trade deficit and change agreements he has blasted as inherently unfair to the U.S.