• Markets  |  JULY 30, 2014 7:39 AM

    Dollar gains on outlook for hawkish Fed, strong US data

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    The US dollar hit fresh eight-month highs against the euro on Tuesday and advanced against the yen and Swiss franc on expectations for positive US economic data and a potentially more hawkish tone from the Federal Reserve. Analysts said the Fed, which is …

  • Markets  |  JULY 30, 2014 7:33 AM

    Wall Street ends down; Twitter rallies after-hours

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    US stocks fell on Tuesday, dropping in a broad selloff as a weak outlook from courier company UPS weighed on sentiment and pressured transportation stocks. Although a rally in telecom stocks helped to limit the broader market’s decline, the S&P 500 ended below its …

  • Commodities  |  JULY 30, 2014 7:22 AM

    Brent oil firm on new Russia sanctions; US slips on refinery

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    Brent crude ended slightly higher on Tuesday as new sanctions on Russia looked set to worsen relations between Moscow and the West, while US prices slipped after a Kansas refinery fire curbed demand for WTI crude. Brent futures reversed early morning losses after …

  • Commodities  |  JULY 30, 2014 7:17 AM

    Gold drops as market waits for Fed”s rate view

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    Gold fell on Tuesday as investors nervously awaited the end of US Federal Reserve’s two-day policy meeting on Wednesday to see if the central bank will raise interest rates faster than expected. Further weighing on the market was some selling in the August …

  • World Biz  |  JULY 29, 2014 3:35 PM

    BP quarterly profit rises 34%

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    BP Plc posted a better-than-expected 34% rise in quarterly profit after increasing production of higher-margin products and selling its liquids and gas at higher prices. Underlying replacement cost profit rose to US$3.63 billion (RM11.5 billion) for the second quarter, above …

  • Corporate & World Biz  |  JULY 29, 2014 3:24 PM

    Promotion push helps boost Domino’s Pizza 1H profit

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    Britain’s Domino’s Pizza posted a 10% rise in first half profit as improved marketing and promotions drove up sales, though the firm said its expansion in Germany was still proving troublesome. The group, which has most of its 868 stores …

  • World Biz  |  JULY 29, 2014 3:16 PM

    Michelin keeps 2014 targets as 1H profits rise

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    French tyre maker Michelin’s first-half net profit rose 13 percent to 624 million euros (RM2.7 billion) despite a fall in revenue as lower raw material costs outweighed adverse currency effects, price cuts and slowing demand for big tyres. Operating income …

  • World Biz  |  JULY 29, 2014 3:10 PM

    Puma says World Cup sales beat its expectations

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    German sportswear firm Puma said sales of World Cup soccer boots and national team shirts beat its expectations as it reported second-quarter results in line with analyst forecasts and reiterated its expectations for 2014. Puma said on Tuesday sales fell …

  • World Biz  |  JULY 29, 2014 3:04 PM

    Nomura profit falls after stock rally cools

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    Nomura Holdings Inc reported on Tuesday its second straight quarter of profit decline after the cooling of last year’s Tokyo stock market rally dragged on brokerage commissions. Japan’s biggest investment banking and brokerage group said net profit fell 70% to …

  • Corporate & World Biz  |  JULY 29, 2014 2:43 PM

    Honda profit beats estimates on cost cuts, Japan sales

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    Honda Motor Co’s April-June operating profit rose 7.1 percent from a year earlier to 198.04 billion yen (RM6.2 billion), beating analyst estimates, boosted by cost cuts and strong sales of the remodelled Fit in Japan. The first-quarter operating profit compared …

  • Markets  |  JULY 29, 2014 12:37 PM

    Wall St yawns as deal news offsets data; Herbalife sinks

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    US stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector. Dollar Tree Inc offered to buy rival discount chain Family …

  • World Biz  |  JULY 29, 2014 12:28 PM

    Siemens targets 10% revenue increase this year

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    Siemens Malaysia Sdn Bhd is targeting revenue growth about 10% this year driven by projects in the energy, infrastructure and cities sectors. President and chief executive officer M Prakash Chandran said Siemens has four core business portfolios, namely, energy, infrastructure …

  • Corporate & Featured and Exclusive  |  JULY 29, 2014 12:19 PM

    MAS faces passenger cancellations after disasters

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    Malaysian Airline System Bhd (MAS) is facing an influx of passenger cancellations after the carrier’s second disaster this year, adding to the strains of a company that’s bracing for a fourth consecutive annual loss. Travel agents from Melbourne to Singapore, …

  • Corporate & Featured and Exclusive  |  JULY 29, 2014 12:09 PM

    MAS calls for system to ensure safe travel after MH17

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    Malaysian Airline System Bhd (MAS), whose plane was shot down over Ukraine this month, said the aviation industry must act to create a system that will guarantee safe travel for all commercial carriers. Airlines shouldn’t bear the responsibility of deeming …

  • Corporate & Property  |  JULY 29, 2014 11:58 AM

    Demand for homes may taper off after GST kicks in

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    Property developer, UEM Sunrise Bhd, expects demand for homes to taper off after the implementation of the goods and services tax (GST) on April 1 next year, especially in the second quarter. Its executive director, Izzaddin Idris, said this was …

  • Featured and Exclusive & Opinion  |  JULY 29, 2014 11:51 AM

    Fighting the Fed

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    CAMBRIDGE – The US Federal Reserve is battling with members of Congress over a proposed law, the Federal Reserve Accountability and Transparency Act, that would require the Fed to use a formal rule to guide monetary policy. The Fed fears …

  • Featured and Exclusive & Opinion  |  JULY 29, 2014 11:47 AM

    Europe’s options

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    STANFORD – Many Europeans have come to believe that they have weathered the economic and financial storm. In the last two years, deficits and debt have stabilized. Yields on the sovereign debt of the eurozone periphery’s weak economies have fallen …

  • Corporate & Featured and Exclusive  |  JULY 28, 2014 3:54 PM

    A week of grief & celebration


    Another week ends and readers with busy schedules would have missed some of our more interesting stories. Have you seen these news, analyses and comments? You won’t get them anywhere else: Pick 1 — Remember the blue Mamee monster? We’ve …

  • Corporate & Featured and Exclusive  |  JULY 28, 2014 12:40 PM

    FGV: Settlers’ dividends “up to Felda to decide”

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    Felda Global Ventures Holdings Bhd (FGV) is distinct from Felda the federal land development agency and has no say over it’s controversial dividend policy, the public listed company clarified in a statement. FGV was responding to a KiniBiz article published …

  • Opinion  |  JULY 28, 2014 12:00 AM

    We must not forget the villages

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    [email protected]

    Villages all over the world, including in Malaysia undergo similar development cycles. Urbanisation and access to better education has led to many young people leaving the villages for life in towns. EPU’s latest data shows that more than 70% of …