• Issues  |  MARCH 5, 2015 12:00 PM

    Petronas’ crashing profits – blip or crisis?

    Story by
    [email protected]

    Petronas’ latest financial results, although not entirely surprising, was still jaw dropping - its first quarterly loss since it started reporting results publicly. Is it just a temporary blip, or possibly the makings of a full-blown crisis for Malaysia’s oil giant?

  • World Biz  |  MARCH 5, 2015 11:51 AM

    HBO said to be in talks with Apple, Google on web channel

    Story by

    HBO, ramping up plans for an a-la-carte version of its premium channel, is in talks with at least five companies including Apple Inc and Google Inc to distribute the Web-only service, according to people familiar with the matter.

  • World Biz  |  MARCH 5, 2015 11:48 AM

    End of the road for the VW Eos convertible

    Story by

    Volkswagen has dropped the Eos convertible from its model line-up, nine years after the Golf-based soft-drop was introduced.

  • Commodities & World Biz  |  MARCH 5, 2015 11:33 AM

    Rubber output to resume growth amid rising production

    Story by

    Global natural rubber output could jump over 5% this year after posting its first drop in a half-decade in 2014, as a price rebound prompts more tapping in key producers Thailand, Vietnam and India, a top industry official said.

  • Markets  |  MARCH 5, 2015 11:25 AM

    KL shares remain easier at mid-morning

    Story by

    Share prices on Bursa Malaysia remained easier as at mid-morning today as profit taking emerged after the recent gains, dealers said.

  • World Biz  |  MARCH 5, 2015 10:56 AM

    Xiaomi expects more than 50% increase in revenue

    Story by

    Xiaomi Corp expects revenue this year to rise more than 50% as China’s biggest smartphone vendor diversifies its product lineup and expands to more overseas markets.

  • World Biz  |  MARCH 5, 2015 10:46 AM

    Lenders want bold overhaul from Japan’s Sharp

    Story by

    Loss-making Japanese electronics firm Sharp Corp meets its main banks on Thursday in an effort to secure its second major bailout since 2012, betting they will have little choice but to pay up despite their call for more drastic overhauls.

  • Corporate  |  MARCH 5, 2015 10:22 AM

    CIMB shares down on move to improve cost-to-income ratio

    Story by

    CIMB Group Holdings Bhd's shares on Bursa Malaysia reacted negatively to the group's move to improve its cost-to-income ratio.

  • Markets  |  MARCH 5, 2015 9:53 AM

    KL shares open lower on profit taking

    Story by

    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower today as profit taking emerged after yesterday's gains, dealers said.

  • Markets  |  MARCH 5, 2015 9:45 AM

    Ringgit opens lower against US$

    Story by

    The ringgit opened lower against the US dollar today as the greenback firmed up, boosted by strong US private job data growth, dealers said.

  • Economy  |  MARCH 5, 2015 9:37 AM

    China sets growth target to about 7%

    Story by

    China set the lowest economic growth target in more than 15 years as leaders tackle the side effects of a generation-long expansion that has spurred corruption, fuelled debt risks and polluted skies and rivers.

  • Featured and Exclusive & World Biz  |  MARCH 5, 2015 9:12 AM

    Apple to delay production of 12.9-inch-screen iPad

    Story by

    Apple Inc, which has seen stagnating iPad sales, will delay the start of manufacturing for a larger- screened version of the tablet, people with knowledge of the matter said.

  • World Biz  |  MARCH 5, 2015 8:36 AM

    Union to resume talks Monday with US refining firms

    Story by

    Labour leaders and oil company representatives will resume face-to-face talks on Monday in Houston in a bid to agree on a new contract that would end the biggest US refinery strike in 35 years, the United Steelworkers union said on Wednesday.

  • Economy & World Biz  |  MARCH 5, 2015 8:27 AM

    ECB to focus on growth, flesh out bond-buying plan

    Story by

    Keen to keep a low profile over the Greek crisis, the European Central Bank will focus on improved growth prospects when it meets on Thursday and unveil some but not all the details of its 1 trillion euros-plus bond-buying plan.

  • Issues  |  MARCH 5, 2015 8:00 AM

    Why is the ringgit so weak?

    Story by
    [email protected]

    The last time the ringgit was this low, the world was in the midst of a global financial crisis. In this piece, KiniBiz looks at what moves a currency and asks what is driving the ringgit down this time.

  • Commodities  |  MARCH 5, 2015 7:43 AM

    Gold retreats on strong dollar after US data

    Story by

    Gold prices fell on Wednesday, heading for a third day of losses, as the dollar extended gains versus the euro after US economic data.

  • Finance & Markets  |  MARCH 5, 2015 7:38 AM

    US dollar hits 11-1/2-year high

    Story by

    The dollar climbed to a fresh 11-1/2-year high on Wednesday, boosted by strong US private-sector jobs growth ahead of the launch of quantitative easing by the European Central Bank.

  • Commodities  |  MARCH 5, 2015 7:21 AM

    US oil rises, Brent pares losses on Iran news

    Story by

    US oil futures rose on Wednesday and benchmark Brent pared losses as Opec member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling US stockpiles.

  • Markets  |  MARCH 5, 2015 7:06 AM

    US stocks end down for 2nd day after rally

    Story by

    US stocks closed down on Wednesday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week.

  • World Biz  |  MARCH 4, 2015 11:10 PM

    McDonald’s phases out human antibiotics from chickens

    Story by

    McDonald's Corp's US restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to force chicken producers to change practices in the fight against dangerous "superbugs".