• World Biz  |  SEPTEMBER 2, 2014 7:27 PM

    China Mobile bulls surge on earnings turnaround bets

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    Bets that China Mobile Ltd.’s US$2 billion (RM6.3 billion) cut in handset subsidies will help the world’s biggest phone company reverse a profit slump pushed bullish options on the stock to a 19-month high. One-month calls that pay out if …

  • World Biz  |  SEPTEMBER 2, 2014 7:11 PM

    JPMorgan sees European banks rising 10%

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    Deutsche Bank AG and Societe Generale SA are among lenders seen driving a 10% gain among European banks by year-end as investor concerns over their capital levels and legal bills ease, JPMorgan Chase & Co. analysts said. European bank shares, …

  • Corporate  |  SEPTEMBER 2, 2014 7:01 PM

    Pantai Holdings to transfer 100% equity to Parkway Pantai

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    IHH Healthcare Bhd's (IHH) indirect unit, Parkway Pantai Ltd (PPL), has received the approval from the Inland Revenue Board of Malaysia (IRB) for the transfer of 100% equity interest in Pantai Holdings Bhd (PHB) to PPL.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 6:36 PM

    Sime Darby battens down the hatches Down Under

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    In Australia, diversified conglomerate Sime Darby Group Berhad is laying off nearly 8% of its workforce as it braces for prolonged headwinds caused depressed coal prices to continue.

  • Corporate & World Biz  |  SEPTEMBER 2, 2014 6:27 PM

    Berjaya to dispose of share in Berjaya (China) Great Mall

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    Berjaya Land Bhd's unit, Berjaya Leisure (Cayman) Ltd (BCayman), together with Berjaya Times Square (Cayman) Ltd (BTS-Cayman) are disposing of a total of 70% stake in Berjaya (China)Great Mall Co Ltd (GMOC) to Carnival Group.

  • Corporate  |  SEPTEMBER 2, 2014 6:15 PM

    EPF 2Q14 investment income up 13% to RM10.4 bil

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    The Employees Provident Fund (EPF) has recorded a 13.47% surge in investment income to RM10.40 billion for the second quarter ended June 31, 2014 compared with RM9.16 billion in the corresponding quarter last year.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 6:01 PM

    Audi Malaysia shapes up with Buschmann made MD

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    DRB-Hicom’s Euromobil hands over distributorship to new team from Audi headed by marketer Immo Buschmann

  • Commodities  |  SEPTEMBER 2, 2014 5:29 PM

    Rubber market ends mixed

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    The Malaysian rubber market ended mixed today amid negative sentiment as growth in China's vast factory sector slackened in August on slowing foreign and domestic demand, a dealer said.

  • Markets  |  SEPTEMBER 2, 2014 5:26 PM

    KL shares close lower on lack of buying momentum

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    Share prices on Bursa Malaysia closed lower today on lack of buying momentum.

  • Markets  |  SEPTEMBER 2, 2014 5:25 PM

    Ringgit ends lower against US dollar

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    The ringgit extended losses to the third consecutive trading day against the US dollar today, with the greenback becoming more attractive to investors, dealers said.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 2, 2014 5:16 PM

    Uber faces ban in Germany after court ruling

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    Uber Technologies Inc., maker of the ride-hailing application that’s being challenged by cab drivers around the globe, faces a Germanywide ban as a taxi organization won an emergency ruling in a Frankfurt court.

  • World Biz  |  SEPTEMBER 2, 2014 5:05 PM

    Nissan’s Andy Palmer said to be new CEO at Aston Martin

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    Aston Martin Lagonda Ltd. tapped Nissan Motor Co. executive Andy Palmer to run the 101-year-old UK sports-car maker, according to three people familiar with the situation. Palmer will join Aston Martin as its next chief executive officer, according to the …

  • Corporate  |  SEPTEMBER 2, 2014 4:46 PM

    CCM MD to resign, returns to Maybank


    The managing director of Chemical Company of Malaysia (CCM) Berhad, Amirul Feisal Wan Zahir, is resigning from Oct 1, 2014 after nearly four years heading the company, to join Malayan Banking Berhad (Maybank). In a regulatory announcement last Friday, CCM …

  • World Biz  |  SEPTEMBER 2, 2014 4:40 PM

    McD to boost China supplier audits after safety scandal

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    McDonald’s Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the US fast food chain and rival Yum Brands Inc. In …

  • Corporate  |  SEPTEMBER 2, 2014 4:39 PM

    Naza target sales of 2,400 units of Chevrolet Malibu

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    NAZA Quest Sdn Bhd targets to sell 2,400 units of its brand new Chevrolet Malibu LTZ executive sedan in the next 12 months, driving on positive track record of the model regionally.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 4:18 PM

    Toshiba to supply 1MDB’s new Jimah plant with turbines

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    Won an engineering, procurement and construction contract to supply two 1,000 megawatt coal-fired turbines.

  • World Biz  |  SEPTEMBER 2, 2014 4:06 PM

    Nissan says Aug China auto sales fell 0.7% y-o-y

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    Japanese automaker Nissan Motor Co Ltd said on Tuesday that, together with its Chinese joint venture partner, it sold about 85,500 automobiles in China in August, down 0.7% from a year earlier. That follows an 12.3% year-on-year drop in July …

  • Corporate  |  SEPTEMBER 2, 2014 4:05 PM

    Abundant investment opportunites in M’sia- Wahid

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    Investment opportunities abound for international fund managers in Malaysia and among public-listed companies in the country, given the strong growth fundamentals of the economy.

  • World Biz  |  SEPTEMBER 2, 2014 3:56 PM

    Britain rejects London mayor’s airport plan

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    A plan to build a major new airport to the east of London was rejected by a government-appointed commission on Tuesday, dealing a blow to its high-profile backer, the city’s mayor Boris Johnson. The Airports Commission said the idea to …

  • Markets  |  SEPTEMBER 2, 2014 3:47 PM

    KL shares lower at mid-afternoon

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    Share prices on Bursa Malaysia were lower at mid-afternoon today on lack of buying momentum.