• 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.

  • World Biz  |  OCTOBER 24, 2014 2:53 PM

    AMC Networks buys 49.9% stake in BBC America

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    AMC Networks Inc said on Thursday it agreed to pay US$200 million (RM654.63 million) for a 49.9% stake in BBC America and would take operational control of the cable television channel.

  • Singapore  |  OCTOBER 24, 2014 2:34 PM

    S’pore inflation slows, thanks to elderly healthcare

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    Singapore’s inflation data took economists by surprise yesterday, and not just because it was the slowest pace in seven months. The jolt came from the source of the easing - a health care subsidy for the elderly.

  • World Biz  |  OCTOBER 24, 2014 2:28 PM

    Ericsson reports 9.4% decline in Q3 profit

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    Ericsson AB reported a 9.4% decline in third-quarter profit as competition in the wireless network equipment market weighed on margins.

  • Economy  |  OCTOBER 24, 2014 2:23 PM

    Korea’s e-commerce trade deficit widens

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    For an economy built on exports and tech-savvy giants like Samsung Electronics Co, South Korea’s widening trade deficit in e-commerce is a sore point that has caught the government’s attention.

  • Corporate & Economy  |  OCTOBER 24, 2014 2:22 PM

    M’sia’s unemployment falls slightly to 2.7% in August

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    Malaysia's unemployment rate in August 2014 declined marginally to 2.7% from 2.8% in the previous month, the Statistics Department said.

  • World Biz  |  OCTOBER 24, 2014 2:07 PM

    Pandora’s 3Q listener growth slows to 5.2%

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    Pandora Media Inc declined in late trading after the largest Internet radio service reported user growth slowed to 5.2% in the third quarter.

  • Economy, Featured and Exclusive, World Biz  |  OCTOBER 24, 2014 2:06 PM

    US Fed facing the new challenge of no-inflation

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    After months of focus on slack in US labour markets, the Federal Reserve faces a new challenge: the possibility that weak inflation may be so firmly entrenched it upends the return to normal monetary policy.

  • World Biz  |  OCTOBER 24, 2014 1:55 PM

    Volvo’s 3Q profit falls as demand slows

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    Volvo AB plans to widen a cost-cutting project as the truckmaker’s third quarter profit fell on slowing demand in South America and Asia.

  • World Biz  |  OCTOBER 24, 2014 1:52 PM

    Toyota sells Tesla shares

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    Toyota Motor Corp, one of Tesla Motors Inc’s top shareholders, sold some of its stake in the electric-car maker as sales of their jointly developed plug-in SUV wind down.

  • World Biz  |  OCTOBER 24, 2014 1:49 PM

    Google said to buy office buildings for RM1.9bil

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    Google Inc bought six office buildings, northwest of its Silicon Valley headquarters from Starwood Capital Group LLC and Blackstone Group LP in a US$585 million (RM1.9 billion) deal, two people with knowledge of the matter said.

  • Corporate  |  OCTOBER 24, 2014 1:29 PM

    Only World Group plans to raise RM50mil from IPO

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    Only World Group Holdings Bhd plans to raise RM50 million from its initial public offering (IPO), targeted by year-end.

  • Finance  |  OCTOBER 24, 2014 1:20 PM

    New Asian infrastructure bank in the works

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    The Malaysian government today signed an agreement with 20 other proposed founding member countries to establish the Asian Infrastructure Investment Bank (AIIB), which will fund infrastructure development. Finance Minister II, Ahmad Husni Hanadzlah signed a non-binding multilateral memorandum of understanding …

  • Commodities  |  OCTOBER 24, 2014 1:14 PM

    KLTM closes US$40 lower at US$19,490 a tonne

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    The Kuala Lumpur Tin Market (KLTM) was down by US$40 today to close at US$19,490 a tonne, in line with the decline in the metal's price on the London Metal Exchange (LME), a dealer said.