• Commodities  |  AUGUST 1, 2014 7:40 AM

    Gold falls 1% on economic optimism, posts July loss

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    Gold fell 1% to a six-week low on Thursday, ignoring sharp losses in the S&P 500 equities index, as strong US wage growth data and signs of an improving job market reduced the need for safe-haven buying. Bullion posted more a loss of …

  • Commodities  |  AUGUST 1, 2014 7:35 AM

    oil dives below $100 on Kansas refinery outage

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    US crude oil tumbled more than US$2(RM6.36) on Thursday, going below $98 a barrel, hitting the lowest level since March on news of a potentially lengthy shutdown at a Kansas oil refinery, while Brent also slipped amid signs of robust OPEC oil production. …

  • Markets  |  AUGUST 1, 2014 7:30 AM

    S&P500 index posts worst fall since April

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    The US S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected. Data showing that US labor costs …

  • Markets  |  AUGUST 1, 2014 7:23 AM

    Dollar adds to monthly gain on strong US labor market data

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    The US dollar edged higher against a basket of major currencies on Thursday to notch its strongest monthly gain in over a year after US labor market data fueled expectations for a more hawkish Federal Reserve. The Labor Department said the Employment Cost …

  • Economy  |  JULY 31, 2014 9:52 PM

    Thai shippers downgrade 2H14 economic growth

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    Thailand's exports in the 2H of the year will grow but will not be enough to offset the poor performance in the 1H.

  • Corporate & World Biz  |  JULY 31, 2014 9:40 PM

    Hugo Boss 2Q profit increase 5% to RM267.33 mil

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    German fashion house Hugo Boss on Thursday reported 2Q sales rose 5%, helped by its strategy of running more of its own stores.

  • Corporate  |  JULY 31, 2014 9:15 PM

    Puncak Niaga signs water deal with KDEB

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    Puncak Niaga (M) Sdn Bhd (PNSB) has signed an agreement with Kumpulan Darul Ehsan Bhd (KDEB) in respect of the licence for water abstraction issued by Lembaga Urus Air Selangor-Bernam River Headworks.

  • Featured and Exclusive, Markets, World Biz  |  JULY 31, 2014 9:07 PM

    European shares hits 2 week low

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    Europe's FTSEurofirst 300 index of top shares slipped to a two week low on Thursday, led lower by Adidas after the group warned about business in Russia, while Argentina's default also rattled investors.

  • TigerTalk  |  JULY 31, 2014 8:54 PM

    To gag, or not to gag?

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    WikiLeaks recently published on its website an Australian gag order concerning corruption allegations involving Malaysia, Indonesia and Vietnam. Julian Assange in a statement on WikiLeaks, accused the Australian government of “not just gagging the press, it is blindfolding the Australian public”. Is Assange right? More importantly, do we believe him?

  • Corporate  |  JULY 31, 2014 8:50 PM

    London Biscuits proposes RM16 mil private placement

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    London Biscuits Bhd has made a proposal on Bursa Malaysia for a private placement of up to 16.35 million new ordinary shares of RM1 each, 9.9% of the issued and paid-up share capital of the company, which amounts to RM163.55 …

  • Corporate  |  JULY 31, 2014 8:47 PM

    Sime Darby enters into exclusive talks for NBPOL

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    The conglomerate is negotiating to purchase a 49% equity stake in New Britain Palm Oil Ltd worth about RM3 billion from Kulim (Malaysia) Bhd.

  • World Biz  |  JULY 31, 2014 7:48 PM

    Target Corp appoints Pepsi’s Brian Cornell as CEO

    Target Corp appointed PepsiCo Inc executive Brian Cornell as CEO as it tries to regain customer confidence after a devastating data breach last holiday season.

  • Corporate, Featured and Exclusive, World Biz  |  JULY 31, 2014 7:34 PM

    VW 2Q profit falls by RM14.3 bil

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    Volkswagen posted a lower operating profit in the second quarter and stuck to its guidance as emerging market volatility weighed on the German carmaker's results.

  • Corporate & Featured and Exclusive  |  JULY 31, 2014 7:21 PM

    Public Bank rights issue 30.5% oversubscribed

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    RM4.8 billion rights issue to boost bank’s capital adequacy ratio successful at RM13.80 per share

  • World Biz  |  JULY 31, 2014 7:12 PM

    Alcatel-Lucent plans submarine-cable IPO

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    Alcatel-Lucent SA plans to sell part of its submarine-cables unit in an initial public offering, adding to chief executive officer Michel Combes’s efforts to turn around the French network-equipment maker. The IPO, targeted for the first half of 2015, will …

  • Corporate & World Biz  |  JULY 31, 2014 7:05 PM

    Panasonic to invest RM3.2 bil in US battery plant

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    Panasonic Corp confirmed on Thursday it would invest in US electric carmaker Tesla Motors Inc's planned US$5 billion (RM16 billion) lithium-ion battery plant in the United States, but said it had yet to decide on the size and timing of its investment.

  • OTHERS  |  JULY 31, 2014 6:39 PM

    UOB 2Q profit increases by 3.2% to RM2.1 bil

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    United Overseas Bank Ltd , the smallest of Singapore's three banks, posted a 3.2% rise in quarterly profit and beat market estimates, boosted by an increase in net interest income and investment gains.

  • Corporate  |  JULY 31, 2014 6:17 PM

    Ailing Lynas presses for full operating licence

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    Although suffering heavy financial problems, Lynas Corp has applied for a Full Operating Stage Licence (FOSL) for its controversial rare earth plant at Gebeng Industrial Zone, Pahang. The plant’s Temporary Operating Licence (TOL) will lapse on Sept 2. According to …

  • Markets  |  JULY 31, 2014 5:51 PM

    Ringgit ends lower against US dollar

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    The ringgit closed lower against the US dollar as the greenback rose broadly against major peers after the release of upbeat US consumer confidence data, currency traders said.

  • Commodities  |  JULY 31, 2014 5:47 PM

    Rubber market closes higher on continuous buying

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    The Malaysian rubber market closed higher today on continued buying momentum, a dealer said.