• Corporate & Featured and Exclusive  |  OCTOBER 31, 2014 4:58 PM

    Shell eyes 80,000 prepaid cardholders in 6 months

    Story by

    Shell Malaysia Trading Sdn Bhd targets to sign up at least 80,000 cardholders within the next six months for its newly launched Shell easiGO American Express prepaid card.

  • World Biz  |  OCTOBER 31, 2014 4:55 PM

    Garuda Indonesia CEO to step down year-end

    Story by

    Emirsyah Satar said on Friday he will step down as chief executive (CEO) of Garuda Indonesia within months after a decade-long stint during which he helped repair the image of the loss-making Indonesian flag carrier and restructure operations.

  • World Biz  |  OCTOBER 31, 2014 4:45 PM

    Twitter said to appoint new head of product

    Story by

    Twitter Inc appointed Kevin Weil head of product, broadening his responsibilities and shifting another executive into a different role as part of the change, said a person with knowledge of the matter. Daniel Graf, who was hired from Google Inc …

  • Featured and Exclusive  |  OCTOBER 31, 2014 4:44 PM

    I’ll be free on Tuesday, says hopeful Anwar

    Story by

    LIVE REPORTS 12.40pm: The crowd outside the court becomes slightly chaotic when Anwar appears, shouting “Reformasi” as he makes his way to Masjid Tuanku Mizan Zainal Abidin for Friday prayers. Speaking to his supporters for two minutes, Anwar says he …

  • Commodities  |  OCTOBER 31, 2014 4:42 PM

    Gold, silver slump to lowest since 2010

    Story by

    Gold and silver slumped to the lowest level since 2010, as the dollar strengthened after the Bank of Japan (BOJ) unexpectedly boosted unprecedented stimulus and the Federal Reserve (Fed) ended asset purchases.

  • Corporate & Markets  |  OCTOBER 31, 2014 4:31 PM

    Dagang Nexchange sees trading halt over UMA

    Story by
    [email protected]

    Trading in Dagang Nexchange Bhd’s shares on Bursa Malaysia have been halted with immediate effect, following an unusual market activity query from the local bourse.

  • World Biz  |  OCTOBER 31, 2014 4:29 PM

    Cheil files for RM4.7bil IPO as Samsung Group restructures

    Story by

    Cheil Industries Inc, the de facto holding company of Samsung Group, filed for a 1.52 trillion won (RM4.7 billion) initial public offering (IPO) as South Korea’s largest business group restructures.

  • Economy  |  OCTOBER 31, 2014 4:17 PM

    Williams: Inflation targeting flaws with rates at zero

    Story by

    Federal Reserve Bank (Fed) of San Francisco president John Williams said that while inflation targeting helped central banks keep prices low and stable during the crisis, the policy still faces “critical challenges” with interest rates near zero.

  • Corporate  |  OCTOBER 31, 2014 4:11 PM

    Western Digital announces 1Q15 financial results

    Story by
    [email protected]

    Western Digital Corp, a developer and manufacturer of storage solutions, today announced revenue of US$3.9 billion (RM12.9 billion) and net income of US$423 million for its first fiscal quarter ended Oct 3, 2014.

  • Commodities & Corporate  |  OCTOBER 31, 2014 3:58 PM

    Plunging oil prices jeopardises costly Asian energy projects

    Story by

    Frontier and deepwater exploration in Asia will be among high-cost energy projects most at risk from an oil price slump that has knocked 25% off the top of global crude prices.

  • Corporate  |  OCTOBER 31, 2014 3:47 PM

    KLK upgraded to ‘neutral’ by RHB

    Story by
    [email protected]

    Kuala Lumpur Kepong Bhd (KLK) has been upgraded to a "neutral" recommendation from a previous "sell" by RHB Investment Bank (RHB), with the research house also raising their target price for the plantations player from RM19.80 to RM21.30.

  • Markets  |  OCTOBER 31, 2014 3:43 PM

    KL shares remain higher at mid-afternoon

    Story by

    Share prices on Bursa Malaysia remained higher at mid-afternoon today with the FTSE Bursa Malaysia KLCI (FBM KLCI) adding 2.88 points.

  • Economy  |  OCTOBER 31, 2014 3:39 PM

    Deposit drop adds to China’s economic warning signs

    Story by

    Chinese bank deposits dropped following a crackdown on lenders manipulating their numbers and “illicit” means of attracting money, threatening to weigh on credit growth and hinder efforts to reignite the economy.

  • Launches  |  OCTOBER 31, 2014 3:37 PM

    Tan Chong introduces new Nissan NV350 Urvan

    Story by
    [email protected]

    Edaran Tan Chong Motor Sdn Bhd (ETCM) today introduces the all-new Nissan NV350 Urvan (High Roof), a microbus with a 14-seater capacity.

  • Corporate & World Biz  |  OCTOBER 31, 2014 3:29 PM

    Strong Playstation 4 sales reduce Sony’s 2Q loss

    Story by

    Japan's Sony Corp reported a second-quarter (2Q) operating loss on Friday that was narrower than analysts had estimated, as blockbuster sales of its PlayStation 4 games console reduced the impact of a sluggish smartphone division.

  • World Biz  |  OCTOBER 31, 2014 3:23 PM

    Fonterra: China lifts 15-month whey import suspension

    Story by

    Fonterra Cooperative Group Ltd, the world’s biggest dairy exporter, can from tomorrow restart sales of the company’s products containing whey in China after the country lifted a 15-month ban.

  • World Biz  |  OCTOBER 31, 2014 3:13 PM

    BNP Paribas Q3 profit jumps 11%

    Story by

    BNP Paribas SA, France’s largest bank, said profit rose 11% in the third quarter, helped by a rebound in fixed income trading and lower provisions.

  • Economy & Singapore  |  OCTOBER 31, 2014 3:13 PM

    S’pore’s 3Q14 unemployment remains low

    Story by

    Unemployment in Singapore in the third quarter of 2014 (3Q14) remained low and steady, with employment growth largely unchanged from the previous quarter, although layoffs increased, reflecting business restructuring.

  • World Biz  |  OCTOBER 31, 2014 3:04 PM

    Samsung Electronics jumps 5.3%, most since 2008

    Story by

    Samsung Group companies surged, led by the biggest three-day rally in Samsung Electronics Co in six years, amid growing speculation of a shareholder-friendly restructuring at South Korea’s biggest conglomerate.

  • Corporate, Finance, World Biz  |  OCTOBER 31, 2014 3:04 PM

    Maybank in tie-up to offer Islamic funds in China

    Story by

    A tie-up between Malaysian and Hong Kong asset managers aims to market Islamic funds in mainland China, helping expand sharia-compliant investment products outside the industry's core centres in southeast Asia and the Middle East.