STORIES TAGGED WITH

  • Commodities  |  APRIL 25, 2014 8:07 AM

    Gold turns higher on Ukraine worries, options buying

    Story by
    www.reuters.com

    Gold rose on Thursday as rising geopolitical tensions and options-related buying helped reverse the precious metal’s early sharp losses after it fell to a 2-1/2 month low. Bullion prices were underpinned after Ukrainian forces killed up to five pro-Moscow rebels …

     
  • Markets  |  APRIL 25, 2014 8:03 AM

    European shares rise as bid talk offsets Ukraine worries

    Story by
    www.reuters.com

    European stock markets rose on Thursday, as signs of a resurgence in corporate takeover activity offset lingering worries over Ukraine. The pan-European FTSEurofirst 300 index, which hit a near 6-year high of 1,355.29 points earlier this month, closed up 0.3% …

     
  • Markets  |  APRIL 25, 2014 8:00 AM

    Apple buoys Nasdaq; Ukraine weighs on broader market

    Story by
    www.reuters.com

    The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker’s strong results, though tensions in Ukraine held the broader market in check. Shares of Apple Inc, the …

     
  • World Biz  |  APRIL 24, 2014 11:20 PM

    Verizon reports higher revenue after Vodafone deal

    Story by
    www.reuters.com

    Verizon Communications Inc said on Thursday its quarterly revenue rose 4.8% after its acquisition of Vodafone’s 45% share in their prior joint venture for US$130 billion gave the company access to greater amounts of cash flow. The No. 1 US …

     
  • World Biz  |  APRIL 24, 2014 11:08 PM

    Fairfax Financial to buy Indonesian insurer

    Story by
    www.reuters.com

    Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by veteran investor Prem Watsa, said on Thursday it would buy 80% stake in Indonesian general insurer PT Batavia Mitratama Insurance. The deal, expected to close in the second …

     
  • Corporate  |  APRIL 24, 2014 9:25 PM

    AirAsia & AirAsia X to begin operations at klia2 on May 9

    Story by
    www.bernama.com

    The AirAsia Group will move all of its operations to the highly-anticipated klia2 on Friday, May 9. All scheduled departures from the LCC Terminal (LCCT) on May 8 will operate as normal, AirAsia said in a statement. Guests with bookings …

     
  • Corporate  |  APRIL 24, 2014 9:14 PM

    Maybank Islamic expects better loans performance next year

    Story by
    www.bernama.com

    Maybank Islamic Bhd, the Islamic banking arm of Malayan Banking Bank Bhd (Maybank), expects a better loans performance this year based on an improved global economic environment. Maybank Islamic Chief Executive Officer Muzaffar Hisham said the bank was confident of …

     
  • Commodities  |  APRIL 24, 2014 8:44 PM

    CPO futures close unchanged

    Story by
    www.bernama.com

    Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed unchanged today, a dealer said. The dealer said the commodity’s prices swung between negative and positive territory amid sluggish export pace evident from Intertek Testing Services and Societe Generale …

     
  • World Biz  |  APRIL 24, 2014 8:40 PM

    Virgin Atlantic says 2013 annual loss narrows

    Story by
    www.reuters.com

    Privately-owned British airline Virgin Atlantic said its annual loss narrowed by 50% in 2013, putting it on track to return to profitability by the end of this year. The airline, founded by British billionaire Richard Branson, on Thursday reported a …

     
  • Corporate & Featured and Exclusive  |  APRIL 24, 2014 8:30 PM

    Grand-Flo hopes to break even in Thailand this year

    Story by
    [email protected]

    Main board-listed Grand-Flo Bhd is planning to break even with its fibred broadband services in Thailand this year, targeting 10,000 subscribers by year-end compared to its current subscriber base of 1,200 in Thailand through associate company Simat Technologies Public Co …

     
  • World Biz  |  APRIL 24, 2014 8:23 PM

    VW executive returns to head Bentley and Bugatti

    Story by
    www.dpa.com

    Volkswagen senior executive Wolfgang Duerheimer is returning to head the Bentley and Bugatti luxury brands after a sojourn at premium subsidiary Audi. Duerheimer, 55, succeeds Wolfgang Schreiber, who is taking up a leading position within the Volkswagen Group, said Bentley in …

     
  • Corporate & Featured and Exclusive  |  APRIL 24, 2014 7:41 PM

    TNB 2Q14 pre-tax profit drops by 25% to RM1.2 bil

    Story by
    [email protected]

    Tenaga Nasional Berhad (TNB) saw RM1.2 billion in pre-tax profit in 2Q14, nearly a quarter lower than RM1.6 billion reported in 2Q13 despite quarterly revenue rising by 13% from RM8.85 billion in 2Q13 to RM10 billion in this quarter. During …

     
  • Corporate  |  APRIL 24, 2014 7:40 PM

    Petron aims to strengthen market position

    Story by
    www.bernama.com

    Petron Malaysia Refining and Marketing Bhd (Petron) aims to strengthen its market position by expanding operations nationwide, while improving product quality and loyalty programmes. Retail Business Head Faridah Ali said Petron is at present ranked third among petrol station operators. …

     
  • Corporate  |  APRIL 24, 2014 7:17 PM

    BAT posts 10% higher profits in 1Q14

    Story by
    [email protected]

    British American Tobacco (Malaysia) Bhd (BAT) saw its 1Q14 revenue rise 5% year-on-year (yoy) at RM1.15 billion, with the quarter’s profit before tax seeing a 9.9% increase to RM301.2 million from the RM274 million in 1Q13. In a regulatory filing …

     
  • Corporate  |  APRIL 24, 2014 6:58 PM

    Petronas Chemicals CEO retires

    Story by
    [email protected]

    Abd Hapiz Abdullah, the president and chief executive officer of Petronas Chemicals Bhd, has retired from his position, opting not to offer himself for re-election upon the expiry of his contract. His resignation was announced in a filing to Bursa …

     
  • Corporate  |  APRIL 24, 2014 6:57 PM

    Nasim aims to sell 1,000 Peugeot cars in the east coast

    Story by
    www.bernama.com

    Nasim Sdn Bhd, the official distributor of Peugeot cars in Malaysia, projects to sell 1,000 units this year in the east coast of the peninsular with the opening of more branches. Nasim today opened its third branch in the east coast here, …

     
  • Corporate & Featured and Exclusive  |  APRIL 24, 2014 6:51 PM

    Proton shopping for China partners

    Story by
    [email protected]

    Former prime minister Dr Mahathir, Proton advisor, says Proton is looking to tie up with a Chinese suitor to manufacture cars for the China market

     
  • Corporate  |  APRIL 24, 2014 6:18 PM

    IATA: Airline profit expectations remain strong

    Story by
    www.bernama.com

    Airline profit expectations remain strong and broadly in line with levels seen over the past year, the International Air Transport Association (IATA) said. In its Airline Business Confidence Index quarterly survey of airline chief financial officers (CFOs) and heads of cargo in April …

     
  • Markets  |  APRIL 24, 2014 6:15 PM

    RM closes lower against US$ on improving US economy

    Story by
    www.bernama.com

    The ringgit closed lower against the US dollar today on the improving US data and speculations that the Federal Reserve may end the stimulus this year, dealers said. At 5pm, the local note was quoted at 3.2685/2705 against the greenback from yesterday’s 3.2645/2665 …

     
  • Markets  |  APRIL 24, 2014 6:13 PM

    Banking counters drag FBM KLCI to end 2.07 points lower

    Story by
    www.bernama.com

    Losses in banking counters dragged the FTSE Bursa Malaysia KLCI (FBM KLCI) to close lower in shedding 2.07 points for 1,865.28 points. The benchmark index which stayed in the red today, hovered between 1,863.51 points and 1,866.32 points throughout the trading day. Among …

     
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