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  • Commodities  |  JULY 31, 2014 1:14 PM

    KLTM ends slightly lower at US$22,800 a tonne

    Story by
    www.bernama.com

    The Kuala Lumpur Tin Market (KLTM) closed US$50 easier for US$22,800 a tonne today, as investors took cue from the decline in the metal price on the London Metal Exchange (LME), a dealer said.

     
  • Markets  |  JULY 31, 2014 12:59 PM

    Share prices on Bursa end morning session lower

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia remained lower at mid-day today, weighed down by selected heavyweights. At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.7 points lower at 1,874.64, after reaching an intra-day high of 1,882.07 in …

     
  • Markets  |  JULY 31, 2014 12:53 PM

    Fed tunes into Yellen playing the blues on labor market

    Story by
    www.bloomberg.com

    The Federal Reserve’s policy committee has tuned into Chair Janet Yellen’s beat on the US labor market, and it’s still playing the blues. The Federal Open Market Committee’s policy statement today diminished the unemployment rate as a measure of progress …

     
  • World Biz  |  JULY 31, 2014 12:35 PM

    Apple said to cut jobs at Beats following acquisition

    Story by
    www.bloomberg.com

    Apple Inc will fire about 200 workers at Beats Electronics LLC following its US$3 billion(RM9.54 billion) acquisition of the headphone and music company, a person with knowledge of the restructuring said. The jobs to be cut are in human resources, …

     
  • Markets  |  JULY 31, 2014 12:22 PM

    Wall Street facing new US scrutiny of derivatives tactic

    Story by
    www.bloomberg.com

    Wall Street banks face heightened scrutiny from the Commodity Futures Trading Commission over their latest tactic to escape US trading rules for overseas derivatives. The regulator sent letters today to JPMorgan Chase & Co, Goldman Sachs Group Inc, Bank of …

     
  • World Biz  |  JULY 31, 2014 12:07 PM

    Snapchat’s Facebook snub looks smart

    Story by
    www.bloomberg.com

    Take that, Facebook Inc A year after rebuffing a US$3 billion(RM9.54) takeover proposal from Mark Zuckerberg, Snapchat Inc is in talks to raise money from Alibaba Group Holding Ltd, people with knowledge of the matter said. The valuation being considered …

     
  • World Biz  |  JULY 31, 2014 11:48 AM

    Samsung profit misses estimates on phone slowdown

    Story by
    www.bloomberg.com

    Samsung Electronics Co posted second-quarter profit that missed analysts’ estimates on increased marketing for its cheaper smartphones as it tries to fend off competition from Apple Inc and Chinese producers. Net income, excluding minority interests, was 6.18 trillion won (RM396 …

     
  • Markets  |  JULY 31, 2014 11:22 AM

    Share prices turn lower at mid-morning

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia turned lower at mid-morning today, on mild profit taking. At 11.01am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.51 points lower at 1,876.83 points, after opening 3.34 points higher at 1,881.68. Hong Leong …

     
  • World Biz  |  JULY 31, 2014 10:33 AM

    Bitcoin turns digital gold as faith in Dong ebbs

    Story by
    www.bloomberg.com

    Bui Huy Kien is ignoring the Vietnamese government’s warnings and accepting payment in bitcoin for advertisements on his website. “I don’t really trust the dong because of the way the Vietnamese currency is managed,” Kien, the founder of lamchame.com, a …

     
  • World Biz  |  JULY 31, 2014 10:25 AM

    McDonald’s loses RM85 mil jury verdict

    Story by
    www.bloomberg.com

    McDonald’s Corp lost a US$27 million(RM85.9 million) jury verdict in Texas over a claim that lax security at one of its restaurants led to the deaths of two teenagers, an award litigators say is unlikely to survive appeal. The victims …

     
  • Markets  |  JULY 31, 2014 10:11 AM

    Ringgit opens softer against the US dollar

    Story by
    www.bernama.com

    The ringgit opened lower, in early trade, against the US dollar s the greenback rose broadly against major peers on upbeat US consumer confidence data, currency traders said. The ringgit opened softer at 3.1885/1905 against the greenback compared with 3.1815/1830 …

     
  • Markets  |  JULY 31, 2014 9:43 AM

    Share prices post modest gains in early trade

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia posted modest gains in early trade today in tandem with higher Wall Street overnight. At 9.20am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.56 points better at 1,879.9 points, after opening 3.34 points …

     
  • Commodities  |  JULY 31, 2014 7:38 AM

    Oil prices tumble on ample supply, weak demand

    Story by
    www.reuters.com

    Oil prices tumbled on Wednesday, with Brent leading the decline weakened by excess supplies in Europe and Asia while US crude followed suit despite a larger-than-expected drop in nationwide stockpiles. A weekly report released on Wednesday by the US Energy Information Administration showed …

     
  • Markets  |  JULY 31, 2014 7:33 AM

    Dollar pares gains after Fed statement shows dovish tilt

    Story by
    www.reuters.com

    The US dollar pared gains against a basket of major currencies on Wednesday after a Federal Reserve statement disappointed expectations that the central bank would take a more hawkish bias on monetary policy. The Fed, in a statement following its latest two-day …

     
  • Markets  |  JULY 31, 2014 7:28 AM

    S&P 500, Nasdaq end up as Fed in no rush to raise rates

    Story by
    www.reuters.com

    The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the US economy while reaffirming that it is in no hurry to raise interest rates. The US central bank also, as expected, reduced its …

     
  • Commodities  |  JULY 31, 2014 7:22 AM

    Gold traders brush aside signs Fed in no hurry to raise rates

    Story by
    www.reuters.com

    Gold futures ended lower on Wednesday, but traders largely shrugged off a statement from the Federal Reserve hinting the US central bank was in no rush to hike interest rates, which would reduce appetite for the precious metal. Spot gold maintained earlier losses and …

     
  • Economy, Featured and Exclusive, World Biz  |  JULY 31, 2014 7:05 AM

    Thai factory output drops 6.5%, fears of recession

    Story by
    www.reuters.com

    Thai factory output fell nearly twice as much as expected in June, the latest piece of data showing that easing political tension is not yet generating a revival for the struggling economy.

     
  • Featured and Exclusive & World Biz  |  JULY 30, 2014 10:01 PM

    Airbus 1H results improves, allays fears on cancellations

    Story by
    www.reuters.com

    Airbus Group moved to allay concerns over a wave of order cancellations on Wednesday, sparking a rally in its shares helped by better than expected half-year results.

     
  • Featured and Exclusive & World Biz  |  JULY 30, 2014 9:29 PM

    Siam Cement 2Q profit falls 14%, weak domestic demand

    Story by
    www.reuters.com

    Siam Cement Pcl, Thailand's largest industrial conglomerate, reported a 14% drop in 2Q net profit on Wednesday, hit by weak domestic cement demand and lower chemical earnings after months of political unrest.

     
  • Corporate, Featured and Exclusive, World Biz  |  JULY 30, 2014 8:53 PM

    Europe leads the way in Crocs revival

    Story by
    www.reuters.com

    The success of Crocs Inc in Europe, where the U.S. shoemaker has focused on its trademark colourful foam clogs rather than branching into other products, proves the brand has a future despite difficulties at home, its European head said.

     
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