STORIES TAGGED WITH

  • World Biz  |  JULY 24, 2014 4:05 PM

    Tata said to seek RM17.7 bil Corus debt refinance loan

    Story by
    www.bloomberg.com

    Tata Steel Ltd hired banks to raise the equivalent of US$5.6 billion(RM17.7 billion), the most since the acquisition of Corus Group Plc in 2007, to refinance debt taken to fund the purchase of Europe’s second-largest steelmaker. The multi-currency loan sought …

     
  • Markets  |  JULY 24, 2014 3:58 PM

    India’s Sensex falls from record; rally may falter

    Story by
    www.bloomberg.com

    India’s benchmark stock index slid from a record, poised to halt a seven-day winning streak, amid concern the rally has exceeded the outlook for earnings. Tata Motors Ltd, owner of Jaguar Land Rover, declined for a second day after reaching …

     
  • World Biz  |  JULY 24, 2014 3:50 PM

    Emirates NBD beats estimates with 35% quarterly profit rise

    Story by
    www.bloomberg.com

    Emirates NBD PJSC, the United Arab Emirates’ second-biggest bank by assets, posted a 35% jump in second quarter profit, beating analysts’ estimates, after income from fees and interest increased. Profit rose to 1.31 billion dirhams (RM1.13 million), from 972 million …

     
  • World Biz  |  JULY 24, 2014 3:45 PM

    Hyundai Motor’s 2Q profit falls on strong won

    Story by
    www.bloomberg.com

    Hyundai Motor Co, South Korea’s largest automaker, reported a drop in second-quarter profit after the strengthening won eroded earnings from overseas. Net income declined 6.5% to 2.24 trillion won (RM7.10 billion) in the three months ended June from 2.4 trillion …

     
  • Corporate  |  JULY 24, 2014 3:39 PM

    Zelan wins RM248 mil contract

    Story by
    [email protected]

    Construction and property player Zelan Bhd has bagged RM248.5 million contract at Pengerang, Johor from PETRONAS Refinery and Petrochemical Corporation Sdn Bhd (PRPCSB), the company said in a regulatory filing today. It said that its fully owned subsidiary Zelan Construction …

     
  • World Biz  |  JULY 24, 2014 3:39 PM

    Standard Chartered board supports CEO

    Story by
    www.bloomberg.com

    Standard Chartered Plc’s board said it’s “united in its support” of chief executive officer Peter Sands, rejecting a newspaper report that it’s considering replacing him due to investor pressure over declining profit. “Robust and considered succession plans are in place …

     
  • World Biz  |  JULY 24, 2014 3:32 PM

    Toyota’s fuel-cell car buyers get 40% off; Japan Subsidies

    Story by
    www.bloomberg.com

    Toyota Motor Corp’s local prefecture will join Japan’s central government in subsidizing the automaker’s forthcoming fuel-cell car, cutting the estimated price by about 40% to that of an entry-level Lexus. Japan’s Aichi prefecture, where Toyota is based, may provide about …

     
  • TigerTalk  |  JULY 24, 2014 3:27 PM

    Esscom: Malaysia’s defence of Sabah

    Story by
    [email protected]

    Tiger is intrigued by the amount of news coming in regarding the Eastern Sabah Security Command (or Esscom, for short). With the amount of promises made and oaths sworn, Tiger wonders. Is there something wrong with the entire cycle?

     
  • Corporate & World Biz  |  JULY 24, 2014 3:26 PM

    Unilever misses 2Q sales target due to global slowdown

    Story by
    www.reuters.com

    Unilever missed second-quarter sales estimates on Thursday, citing a slowdown in emerging markets and continuing malaise in developed markets.

     
  • Property & Singapore  |  JULY 24, 2014 3:25 PM

    Too early to ease property curbs- S’pore Central Bank

    Story by
    www.bloomberg.com

    Singapore’s central bank said it’s too early to ease property restrictions after prices in Asia’s second-most expensive housing market fell for three straight quarters. Real estate prices “remain at elevated levels,” Ravi Menon, managing director of the Monetary Authority of Singapore, …

     
  • Markets  |  JULY 24, 2014 3:20 PM

    KL shares mixed at mid-afternoon

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia were mixed at mid-afternoon today, as losses in selected heavyweights limited gains, dealers said.

     
  • Corporate  |  JULY 24, 2014 3:11 PM

    98% of Reach Energy shares subscribed

    Story by
    [email protected]

    An estimated 98%  (980 million shares) of Reach Energy Bhd’s shares has already been subscribed by cornerstone investors ahead of its RM750 million initial public offering (IPO) next month, according to the company’s management. “We have a good spread of …

     
  • World Biz  |  JULY 24, 2014 3:08 PM

    Canon cuts revenue forecast; demand for cameras slows

    Story by
    www.bloomberg.com

    Canon Inc, the world’s largest camera maker, lowered its full-year sales forecast as demand slowed amid a consumer shift to smartphones for taking pictures. Sales is projected to be 3.78 trillion yen (RM118 billion) for the current fiscal year, a …

     
  • Corporate & Featured and Exclusive  |  JULY 24, 2014 3:02 PM

    Malaysia Airports turns to losses on klia2 opening

    Story by
    [email protected]

    Malaysia Airports Holdings Bhd today posted a second quarter pre-tax loss of RM37.7 million, the first quarterly loss for the airport operator since 2003. The turn to losses was due to higher operating costs from the opening of klia2, the …

     
  • World Biz  |  JULY 24, 2014 3:02 PM

    Hyundai Motor 2Q profit falls on strong currency

    Story by
    www.bloomberg.com

    Hyundai Motor Co., South Korea’s largest automaker, reported a second-quarter profit drop after the strengthening won eroded overseas profits. Net income declined 6.5% to 2.24 trillion won (RM6.97 billion) in the three months ended June, from 2.4 trillion won a …

     
  • Commodities  |  JULY 24, 2014 2:58 PM

    KLTM closes higher at US$22,230 a tonne

    Story by
    www.bernama.com

    The Kuala Lumpur Tin Market (KLTM) was up US$180 to close at US$22,230 a tonne today on technical correction following a firmer London Metal Exchange (LME), dealers said.

     
  • World Biz  |  JULY 24, 2014 2:53 PM

    Nokia boosts earnings beat estimates on China sales

    Story by
    www.bloomberg.com

    Nokia Oyj, the Finnish network- equipment maker that sold its mobile-phone business to Microsoft Corp, boosted its profitability forecast after earnings beat estimates on rising sales in China. Operating profit at the network division, its largest unit, will be at …

     
  • Markets  |  JULY 24, 2014 2:33 PM

    Japan’s Topix index advances as investors weigh earnings

    Story by
    www.bloomberg.com

    Japan’s Topix index rose as investors weighed earnings reports and awaited results today from Fanuc Corp, Canon Inc and Advantest Corp. Fujifilm Holdings Corp added 1.9% on a report the camera maker would post quarterly operating profit of almost 30 …

     
  • Corporate  |  JULY 24, 2014 2:14 PM

    Pantech earnings flattish but in line, says RHB

    Story by
    [email protected]

    RHB Investment Bank today downgraded Pantech Group Holdings Bhd to Neutral the previous Buy with an unchanged fair value of RM1.25, citing limited upside for the stock. The downgrade follows the flattish earnings of RM13.6 million in the group’s first …

     
  • World Biz  |  JULY 24, 2014 2:10 PM

    LG Electronics profit beats bstimates on TV sales

    Story by
    www.bloomberg.com

    LG Electronics Inc., the world’s second-largest television maker, posted second-quarter earnings that nearly tripled as the World Cup stoked sales of new sets and demand rose for its G3 smartphone. Net income, excluding minority interests, rose to 369.1 billion won …

     
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