• World Biz  |  NOVEMBER 26, 2014 10:42 AM

    Uber close to raising funds at more than RM117 bil

    Story by

    Uber Technologies Inc is close to raising a round of financing that would value the mobile car-booking company at US$35 billion (RM116.9 billion) to US$40 billion, according to people with knowledge of the situation.

  • World Biz  |  NOVEMBER 26, 2014 10:37 AM

    Sony Pictures offline after hackers’ attack

    Story by

    Sony Pictures Entertainment said its computer system was down for a second day on Tuesday, following media reports of a major hacking attack aimed at the film and television studio.

  • Opinion & World Biz  |  NOVEMBER 26, 2014 10:27 AM

    ‘Toxic banking culture to take generation to fix’

    Story by

    Bad behaviour that has cost British banks 38.5 billion pounds (RM202 billion) in fines and compensation over the past 15 years will take a generation to fix, an independent think tank said on Tuesday.

  • World Biz  |  NOVEMBER 26, 2014 10:15 AM

    HSBC Private fined by US SEC over improper registration

    Story by

    HSBC Holdings Plc will pay US$12.5 million (RM41.85 million) to resolve charges that its Swiss private banking unit illegally offered services to US clients without being properly registered, the US Securities and Exchange Commission (SEC) said on Tuesday.

  • Markets  |  NOVEMBER 26, 2014 10:02 AM

    FBM KLCI opens slightly higher

    Story by

    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher in early trade today supported by some buying demand in selected blue chips.

  • Markets  |  NOVEMBER 26, 2014 9:57 AM

    Ringgit opens higher against US$

    Story by

    The ringgit opened higher against the US dollar this morning on renewed buying interest, a dealer said.

  • World Biz  |  NOVEMBER 26, 2014 8:47 AM

    Microsoft said to pay China RM458 mil for tax evasion

    Story by

    China has levied about US$140 million (RM468.72 million) in back taxes from Microsoft Corp in the first major case concerning cross-border tax evasion in the country, as regulators ramp up pressure on US corporations doing business there.

  • Economy & Featured and Exclusive  |  NOVEMBER 26, 2014 8:31 AM

    EU unveils RM1.3 tril plan to kick-start economy

    Story by

    The European Commission have agreed a much-touted plan to inject 315 billion euros (RM1.3 trillion) into the European Union's (EU's) ailing economy, EU sources said Tuesday, but critics questioned its ability to kick-start growth and tackle high levels of unemployment.

  • World Biz  |  NOVEMBER 26, 2014 8:22 AM

    Hanwha Group said to acquire Samsung units

    Story by

    South Korean conglomerate Hanwha Group will acquire defence firm Samsung Techwin Co Ltd and three other Samsung Group affiliates, a person with direct knowledge of the matter said on Wednesday.

  • World Biz  |  NOVEMBER 26, 2014 8:11 AM

    Twitter said to buy Bieber-backed selfie app Shots

    Story by

    Twitter Inc is in talks to buy Shots, a selfie photo-sharing app, CNBC reported, citing a source close to the Justin Bieber-backed company.

  • World Biz  |  NOVEMBER 26, 2014 8:02 AM

    HP Q4 revenue drops on weak enterprise demand

    Story by

    Hewlett-Packard Co (HP) said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.

  • StockStalk  |  NOVEMBER 26, 2014 8:00 AM

    Bumi Armada: A long way to a rebound

    Story by
    [email protected]

    Most analysts appear upbeat on Bumi Armada, which recently reported its Q32014 results and are optimistic that falling oil prices will not hurt the company’s FPSO business. Yet the company’s share price continues to fall. Will things pick up eventually for the stock?

  • Economy & Featured and Exclusive  |  NOVEMBER 26, 2014 7:52 AM

    US Q3 growth revises to 3.9%, tops estimates

    Story by

    The US economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.

  • Markets  |  NOVEMBER 26, 2014 7:39 AM

    Yen firms after BOJ minutes; US$ retreats

    Story by

    The yen rose on Tuesday after Bank of Japan (BOJ) minutes showed the hurdle to further quantitative easing was high, while the dollar slipped as data showing a deterioration in consumer confidence overshadowed a surprise upward revision of third quarter US growth.

  • Markets  |  NOVEMBER 26, 2014 7:30 AM

    Wall St ends little changed on mixed data

    Story by

    US stocks ended little changed on Tuesday as the US economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indices in a tight range.

  • Commodities  |  NOVEMBER 26, 2014 7:21 AM

    Gold edges higher as US$ eases

    Story by

    Gold edged up slightly to just above US$1,200 (RM4,017.59) an ounce on Tuesday as the US dollar eased after data showed a deterioration in consumer confidence, offsetting better-than-expected US economic growth numbers.

  • Commodities  |  NOVEMBER 26, 2014 7:13 AM

    Oil down 2% as pre-Opec talks lead to no output cut

    Story by

    Oil tumbled 2% to near four-year lows on Tuesday in another volatile session, as a meeting of Saudi Arabia and three other nations ahead of an Organisation of the Petroleum Exporting Countries (Opec) summit ended with no deal to curb crude output.

  • Economy & World Biz  |  NOVEMBER 25, 2014 10:04 PM

    RBI under pressure to cut rates as India’s growth slips

    Story by

    India's economic growth probably slowed to around 5% in the three months to September, slipping from 5.7% in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates.

  • Corporate  |  NOVEMBER 25, 2014 9:38 PM

    GLCs post RM162 bil profit from 2004 to 2013, says Chua

    Story by

    The 20 Government-Linked Companies (GLCs) posted a net profit of RM162.3 billion from 2004 to 2013, said Deputy Finance Minister Chua Tee Yong.

  • Corporate & Economy  |  NOVEMBER 25, 2014 9:30 PM

    ‘Deficit should dip below 3% with fuel subsidy removal’

    Story by

    With fuel subsidy removal locking in the impact of lower oil prices, Malaysia's deficit could decline below 3% of gross domestic product (GDP) in 2015, said the International Monetary Fund.