• Markets  |  SEPTEMBER 17, 2014 8:05 AM

    US dollar at 2-week low vs euro and Swiss franc

    Story by

    The dollar fell to nearly two-week lows against the euro and Swiss franc on Tuesday, pressured by a report that said the Federal Reserve was unlikely to change its dovish stance on near-zero interest rates at a two-day policy meeting that ends on Wednesday.

  • StockStalk  |  SEPTEMBER 17, 2014 8:00 AM

    Wah Seong: Baby steps beyond pipe-coating

    Story by
    khairul[email protected]

    The pipe coating giant is spreading its wings beyond its core business, including a biomass renewable energy project in Cambodia. Will this diversification of revenue streams finally enable Wah Seong to demerge its oil & gas division?

  • Commodities  |  SEPTEMBER 17, 2014 7:52 AM

    Gold price rises on weak dollar and rallying oil prices

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    Gold rose on Tuesday as a weaker dollar and rallying crude oil prices prompted bullion investors to cover bearish bets ahead of a closely watched policy statement by the Federal Reserve.

  • Markets  |  SEPTEMBER 17, 2014 7:42 AM

    US stocks rise ahead of Fed policy announcement

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    US stocks rose on Tuesday and the S&P notched its best performance in a month after a report shifted investor expectations for the Federal Reserve's policy statement due on Wednesday.

  • Commodities  |  SEPTEMBER 17, 2014 7:28 AM

    Oil rises on prospect of OPEC production cut

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    US crude futures rose by almost US$2 and Brent by more than US$1 on Tuesday on the prospect of a production cut by OPEC as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 16, 2014 9:28 AM

    Microsoft to buy Minecraft maker Mojang for RM8 bil

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    Microsoft Corp has agreed to acquire the Stockholm-based developer of the wildly popular Minecraft video game for $2.5 billion (RM8.05 billion), as it tries to lure a new and mostly young audience into its mobile world.

  • World Biz  |  SEPTEMBER 15, 2014 11:55 PM

    HSBC’s Saudi chief executive leaves bank

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    Walid Khoury, the chief executive of HSBC Holdings Plc’s Saudi Arabian operations, has left the British lender. HSBC, Europe’s biggest bank, has appointed deputy Saudi Arabia chief executive and chief operating officer Nabeel Shoaib as acting CEO, Paul Harris, HSBC’s …

  • World Biz  |  SEPTEMBER 15, 2014 11:51 PM

    McD expands build-your-burger to revive sales growth

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    McDonald’s Corp.’s build-your-own- burger experiment, under way in four Southern California restaurants, could be coming to many more locations as the chain seeks to pull out of the worst sales slump in a decade. The test, which lets customers pick …

  • World Biz  |  SEPTEMBER 15, 2014 11:40 PM

    Coca-Cola sells bonds in Euros as discount to US debt widens

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    Coca-Cola Co. sold 2 billion euros (US$2.58 billion) of bonds as the cost of borrowing in the single currency relative to US dollars fell to the lowest in almost six years. The world’s biggest beverage company issued 1.2 billion euros …

  • Corporate  |  SEPTEMBER 15, 2014 7:58 PM

    Firefly launches Ipoh-Johor Bahru route

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    Firefly, Malaysia’s short-haul premium airline, today launched its Ipoh-Johor Bahru route, with one-way all-inclusive fare of RM59 for travelers. Tickets are up for sale now until September 28 for travel from today until October 24, 2015. In a statement today, …

  • Commodities  |  SEPTEMBER 15, 2014 7:46 PM

    CPO futures prices continue uptrend

    Story by

    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued last week’s uptrend to close higher today, owing to strong export performance as indicated by cargo surveyors. Intertek Testing Services reported a 31.5 per cent increase in Malaysia’s exports …

  • World Biz  |  SEPTEMBER 15, 2014 7:36 PM

    RadioShack appoints Holly Etlin Interim CFO

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    RadioShack Corp., the struggling electronics retailer that’s trying to avoid bankruptcy, appointed Holly Etlin as interim chief financial officer replacing John Feray, who resigned on Sept. 12. Etlin, a managing director at AlixPartners, a business advisory firm, previously served as …

  • Corporate  |  SEPTEMBER 15, 2014 7:20 PM

    Berjaya Food rakes in higher earnings

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    Berjaya Food Bhd registered a higher pre-tax profit of RM6.26 million in the first quarter ended July 31, 2014 from RM6.18 million recorded in the same period a year ago. The higher pre-tax profit was mainly due to share of …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 15, 2014 6:56 PM

    MAS’ Ahmad Jauhari gets one year contract extension

    Story by
    [email protected]

    Malaysia Airlines’ chief executive officer Ahmad Jauhari has been given a one year contract extension by the airline, effective Sept 20, 2014.

  • Finance & World Biz  |  SEPTEMBER 15, 2014 6:54 PM

    Draghi’s RM12.4 tril stimulus may not be enough

    Story by

    Mario Draghi’s 3 trillion-euro (RM12.4 trillion) ambition could be a stretch to achieve. New stimulus measures ranging from long-term loans to asset purchases probably aren’t enough to expand the European Central Bank’s (ECB) balance sheet back to the size its …

  • Corporate  |  SEPTEMBER 15, 2014 6:51 PM

    Fitters ties up with German firm for renewable energy

    Story by
    [email protected]

    Fitters Diversified Bhd’s wholly-owned subsidiary Future NRG Sdn Bhd (FNRG) signs a heads of agreement with A.H.T. Services GmbH (AHT) today to re-engineer existing technology for the generation of clean renewable energy from biomass gasification to suit the South East …

  • Corporate, Featured and Exclusive, Property  |  SEPTEMBER 15, 2014 6:49 PM

    Batu Kawan land sale not yet finalised, says Penang CM

    Story by
    [email protected]

    Penang Development Corporation (PDC) has yet to make a final decision on the sale of land in Batu Kawan, PDC chairman and Penang chief minister Lim Guan Eng said today. “PDC has not made a final decision.It is premature, irresponsible …

  • Markets  |  SEPTEMBER 15, 2014 6:46 PM

    Ringgit closes lower against US dollar

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    The ringgit closed lower against the US dollar today, a dealer said.

  • Commodities  |  SEPTEMBER 15, 2014 6:44 PM

    Rubber market closes mixed

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    Malaysian rubber prices closed mixed today as investors took cue from the price movement on the Tokyo Commodity Exchange and Shanghai Futures Exchange, dealers said. The regional rubber markets tumbled following news on the sale of rubber from Thailand’s stockpile …

  • Corporate  |  SEPTEMBER 15, 2014 6:41 PM

    GBH to dispose land with buildings for RM192.37 mil

    Story by

    Goh Ban Huat Bhd (GBH) and its wholly-owned subsidiary, GBH Land Sdn Bhd, has proposed to dispose land together with buildings to Keladi Maju Bhd for RM192.37 million, cash. It also included the subsequent tenancy on the properties by GHB. …