• Markets  |  OCTOBER 24, 2014 6:13 PM

    Ringgit eases against US$ at close

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    The ringgit eased further against the US dollar today, with most players remaining on the sidelines to avoid taking long positions, as they await the outcome of the US Federal Reserve meeting next week, dealers said.

  • Corporate  |  OCTOBER 24, 2014 6:09 PM

    Fluor, Technip awarded M’sia refinery project

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    Fluor Corporation (NYSE: FLR), in a joint venture with Technip, has been awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn Bhd, for the Petronas Refinery and Petrochemical Integrated Development (Rapid) project located in Pengerang, Johor, Malaysia.

  • Markets  |  OCTOBER 24, 2014 5:59 PM

    Investors urged focus on O&G firms with economic moats

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    Investors are better off focusing their attention on the few oil and gas (O&G) companies with economic moats amid the recent sell-down.

  • Markets  |  OCTOBER 24, 2014 5:53 PM

    KL shares end higher, CI up 8.18 pts

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    Share prices on Bursa Malaysia closed higher today following Wall Street's overnight rally, dealers said.

  • Commodities  |  OCTOBER 24, 2014 5:45 PM

    M’sian rubber market extends uptrend at close

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    The Malaysian rubber market extended its uptrend to close at a seven-week high today on the back of a weaker ringgit and higher crude oil prices, said a dealer.

  • Economy & World Biz  |  OCTOBER 24, 2014 5:16 PM

    Mario Draghi’s German problem

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    In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians.

  • Corporate & Featured and Exclusive  |  OCTOBER 24, 2014 5:03 PM

    Penang govt must clarify land sale to individual, says retiree

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    A retiree has claimed that the state government has not been transparent in its administration when it sold a piece of land 2.1 metres by 21.3 metres by the main road to a house owner.

  • World Biz  |  OCTOBER 24, 2014 5:03 PM

    FC Barcelona risks RM2.2bil over Catalan referendum

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    If a breakup of the country leads to Barcelona’s exclusion from the Spanish league, the club may lose supporters from the rest of the world, in addition to much of its 530 million euros (RM2.2 billion) of annual sales, Burns said.

  • Corporate  |  OCTOBER 24, 2014 4:51 PM

    SapuraKencana heavy selling sees net widening of safety

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    The heavy selling in SapuraKencana Petroleum Bhd (SAKP) has resulted in a net widening of the margin of safety, says Credit Suisse.

  • World Biz  |  OCTOBER 24, 2014 4:37 PM

    Russian bank taking EU to court over sanctions

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    OAO Sberbank said it is taking the European Union (EU) to court, over sanctions imposed against Russia’s largest lender, in response to the Kremlin’s policies in Ukraine.

  • Corporate  |  OCTOBER 24, 2014 4:30 PM

    PIAM appoints Mark Lim as new CEO

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    The General Insurance Association of Malaysia (PIAM) has announced the appointment of Mark Lim Kian Wei as its new chief executive officer.

  • Finance  |  OCTOBER 24, 2014 4:30 PM

    M’sia bonds set to snap 5-week rally on global outlook

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    Malaysia’s 10-year government bonds were poised for their first weekly decline in six, halting the longest run of gains since they were issued in January, as an improved global growth outlook reduced the allure of debt.

  • Economy & World Biz  |  OCTOBER 24, 2014 4:30 PM

    Australia talks to tackle TPP’s “most contentious issues”

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    Negotiators at the Trans-Pacific Partnership talks in Australia this week will be dealing with some of the most contentious issues in the controversial pact, Xinhua news agency reported.

  • World Biz  |  OCTOBER 24, 2014 4:21 PM

    Goldman, Inner Circle hired by NBA’s Hawks to sell team

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    The Atlanta Hawks retained Goldman Sachs Group Inc and Inner Circle Sports to sell the National Basketball Association (NBA) club, team spokesperson Garin Narain said.

  • World Biz  |  OCTOBER 24, 2014 3:35 PM

    Rolls-Royce plans low-cost transmissions plant

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    Rolls-Royce Holdings Plc plans to build a plant in a lower-cost location to produce transmissions for its full range of future aircraft engines, after sealing a joint-venture deal with the Hispano-Suiza unit of Safran SA.

  • Markets  |  OCTOBER 24, 2014 3:35 PM

    KL shares remain slightly higher at mid-afternoon

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    Share prices on Bursa Malaysia remained marginally higher at mid-afternoon today on continued selling pressure, dealers said.

  • Corporate & Markets  |  OCTOBER 24, 2014 3:20 PM

    Maybank IB upgrades Public Bank to ‘hold’

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    Maybank Investment Bank Research has upgraded its call from 'sell' to 'hold' on Public Bank Bhd following its third quarter (3Q14) results announcement yesterday.

  • Corporate & Events  |  OCTOBER 24, 2014 3:13 PM

    Matrade organises maritime mission to Dammam & Dubai

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    The Malaysia External Trade Development Corporation (Matrade) is organising a specialised marketing mission on maritime industry to Dammam, Saudi Arabia and Dubai, the United Arab Emirates (UAE) in conjunction with the Seatrade Middle East Maritime (Smem) from Oct 25 to Oct 31, 2014.

  • Property  |  OCTOBER 24, 2014 3:07 PM

    187 sq ft London house sold for RM1.4mil

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    A house in London the size of two parking spaces has sold for 275,000 pounds (RM1.4 million) in what is likely to be a record for a property that size in the British capital, one of the world's most expensive cities.

  • World Biz  |  OCTOBER 24, 2014 2:54 PM

    Facebook launches pseudonymous app – Rooms

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    Facebook has released its new app Rooms, which allow users to enter chat rooms using pseudonyms, the social media network said Thursday.