• World Biz  |  JULY 24, 2014 12:09 PM

    Tiger Airways seeking to boost overseas revenue

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    Tiger Airways Holdings Ltd, a low- cost carrier partly owned by Singapore Airlines Ltd, said it’s seeking to forge alliances with other airlines to boost overseas revenue after losses widened. The carrier plans to focus initially on filling its planes …

  • Economy  |  JULY 24, 2014 11:58 AM

    Thailand expects to hit target of 26mil tourist arrivals

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    Thailand's tourism industry is expected to recover in the second half of the year and reach its target of 26.2 million foreign tourist arrivals by year end, Vietnam News Agency (VNA) reported.

  • World Biz  |  JULY 24, 2014 11:49 AM

    Panasonic hires SMBC Nikko to sell staffing business

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    Panasonic Corp hired Sumitomo Mitsui Financial Group Inc’s brokerage unit to sell its staffing business in a deal that may raise about 30 billion yen (RM93 million), people with knowledge of the matter said. SMBC Nikko Securities Inc is advising …

  • Property & World Biz  |  JULY 24, 2014 11:40 AM

    Hong Kong REIT rule free RM14 bil for development

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    A change to Hong Kong’s real estate investment trust rule may free HK$34 billion (RM13.9 billion) for property development and rebuilding, according to Victor Yeung, who runs Admiral Investment Ltd that invests in REITs. Of the amount, HK$27 billion(RM11 billion) …

  • Markets  |  JULY 24, 2014 11:39 AM

    KL shares higher at mid-morning on renewed support

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    Share prices on Bursa Malaysia turned higher at mid-morning today on renewed buying support in selected heavyweight counters, dealers said.

  • Corporate & World Biz  |  JULY 24, 2014 11:34 AM

    General Motors recalls another 823,000 vehicles worldwide

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    General Motors on Wednesday announced a new round of recalls affecting 823,000 vehicles worldwide with a range of safety issues.

  • World Biz  |  JULY 24, 2014 11:15 AM

    OCBC closer to a full takeover of Wing Hang Bank

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    Oversea-Chinese Banking Corp, Southeast Asia’s second-largest lender, moved closer to a full takeover of Hong Kong’s Wing Hang Bank Ltd after investor acceptances for the bid accelerated in the past week. OCBC, based in Singapore, raised its stake in its …

  • Corporate & World Biz  |  JULY 24, 2014 11:06 AM

    Micron plans RM2.4 bil offering of senior notes

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    Micron Technology, Inc. intends to offer, subject to market and other considerations, US$750 million(RM2.4 billion) aggregate principal amount of senior notes due 2025.

  • World Biz  |  JULY 24, 2014 10:48 AM

    JPMorgan wins dismissal of investor Madoff Suit

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    JPMorgan Chase & Co chief executive officer Jamie Dimon and board members won dismissal of an investor lawsuit over US$2.6 billion(RM8.24 billion) in penalties and settlements paid by the bank because of its relationship with convicted Ponzi scheme operator Bernard …

  • Economy  |  JULY 24, 2014 10:38 AM

    BNM intervenes to stabilise short term interbank rates

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    Short term interbank rates are expected to remain stable today on Bank Negara Malaysia's (BNM) intervention to absorb excess liquidity from the financial system.

  • World Biz  |  JULY 24, 2014 10:24 AM

    Boeing 2Q profits increase by 52% to RM5.2 bil

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    Aircraft maker Boeing on Wednesday reported a net income of US$1.65 billion in the second quarter of 2014, a 52% increase compared to a year earlier.

  • Markets  |  JULY 24, 2014 10:16 AM

    KL shares opens lower on profit taking activities

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    Share prices on Bursa Malaysia opened lower this morning on profit taking activities ahead of the long Hari Raya Aidilfitri weeakend, a dealer said.

  • Markets  |  JULY 24, 2014 9:58 AM

    Ringgit opens lower against US dollar

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    The ringgit opened 10 basis points lower at 3.1675/1695 this morning against the US dollar on mild profit-taking, a dealer said.

  • StockStalk  |  JULY 24, 2014 8:00 AM

    Sumatec: Not for the faint of heart

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    Sumatec Resources, as well as its warrants, are usually among the most active stocks on Bursa Malaysia. Gathering a lot more focus recently, due both to its movements in Kazakhstan and on its board of directors, Sumatec seems to be looking at a boost in its share price. However, will this hold for long?

  • Commodities  |  JULY 24, 2014 7:38 AM

    Crude oil rises on drop in US crude inventories

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    Crude oil futures rose on Wednesday, as oil stockpiles in the United States fell more than expected and geopolitical tensions in Eastern Europe and the Middle East persisted. US crude’s gains outpaced Brent’s for most of the session, after a government report showing …

  • Markets  |  JULY 24, 2014 7:33 AM

    Apple pushes S&P 500 to record close; Boeing hits Dow

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    US stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple’s bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market’s gains in check. Biotech stocks ranked among …

  • Commodities  |  JULY 24, 2014 7:25 AM

    Gold slips as equity gains dent safe-haven appeal

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    Gold fell for a second day on Wednesday as gains in US equities and dearth of new developments from conflicts in Ukraine and the Middle East prompted investors take profits. Sluggish physical demand in Asia in the seasonally quiet summer period is also weakening …

  • Markets  |  JULY 24, 2014 7:21 AM

    Kiwi hits skids, others buy time before China PMI

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    The New Zealand dollar skidded to a six-week low on Thursday after the country’s central bank switched to a wait-and-see stance following its fourth straight rate hike, while other major currencies snoozed. The kiwi dollar dropped nearly a full US cent to …

  • World Biz  |  JULY 23, 2014 9:50 PM

    TransAsia Airways plane crashes on landing in Taiwan

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    A TransAsia Airways plane crashed on landing on an island off tyhoon-hit Taiwan on Wednesday, killing 47 people, China’s Xinhua news agency said. Taiwan media said a domestic flight had crashed, killing or injuring more than 47 people. “It’s chaotic …

  • Corporate  |  JULY 23, 2014 9:44 PM

    Two Ukrainian fighter jets downed near MH17 site

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    Separatists shot down two Ukrainian fighter jets in the same eastern region where Malaysian Air Flight MH17 was destroyed, the government said. Rebels downed two SU-25 fighters in the Donetsk region, Defense Ministry spokesman Oleksiy Dmytrashkovsky said by phone today. …