• Corporate  |  JULY 25, 2014 4:48 PM

    Malindo plans to add 6 more planes by year-end

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    Malaysia's hybrid airline, Malindo Air plans to add six more planes to its fleet of 15 aircraft by year-end to strengthen its operations.

  • World Biz  |  JULY 25, 2014 4:48 PM

    Hitachi CEO eyes deeper ties, merger talks with Mitsubishi

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    Hitachi Ltd’s chief executive officer said he’s open to deeper ties, which could include merger talks, with Mitsubishi Heavy Industries Ltd, after the equipment makers failed in their bid for Alstom SA’s power business. “We’ve built a relationship with them …

  • Markets  |  JULY 25, 2014 4:40 PM

    EU warns global trade talks risk falling apart

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    The European Union warned that World Trade Organization talks risked falling apart as India seeks to renegotiate part of a breakthrough agreement reached last year. WTO members are striving to pass part of a package of deals reached last December …

  • World Biz  |  JULY 25, 2014 4:37 PM

    Gudang Garam 1H net profit increases 23% to RM740 mil

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    PT Gudang Garam Tbk, Indonesia's second-biggest cigarette producer by market value, reported on Friday a 23% jump in 1H net profit, lifted by higher sales in the run-up to the country's presidential elections.

  • OTHERS  |  JULY 25, 2014 4:34 PM

    Draghi safety net becoming blindfold as bonds soar

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    Two years since European Central Bank President Mario Draghi’s historic promise to defend his currency bloc, there are signs bond investors are growing too complacent under his protection. While Draghi’s pledge, backed up with unprecedented policy action, held the euro …

  • World Biz  |  JULY 25, 2014 4:27 PM

    Pearson plans 4,000 job cuts as 1H sales meet estimates

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    Pearson Plc, the publisher of the Financial Times, said today it will cut about 4,000 jobs in the two years to the end of 2014 and reported sales in line with analyst estimates. “Some 4,000 workers’ jobs will be made …

  • World Biz  |  JULY 25, 2014 4:25 PM

    RBS 1st-half profit doubles, sees 2014 cost cuts on track

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    Royal Bank of Scotland Group Plc, Britain’s largest state-owned lender, said pretax profit is seen almost doubling in the first half and forecast to meet its target to cut costs by 1 billion pounds (RM5.4 billion) in 2014. Pretax profit …

  • World Biz  |  JULY 25, 2014 4:15 PM

    Aston Martin revives Lagonda badge for Middle East

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    Aston Martin Lagonda Ltd, the British maker of cars featured in James Bond movies, will introduce a limited-edition, high-end sedan in 2015 designed solely for customers in the Middle East. The bespoke car will revive the Lagonda nameplate, taking design …

  • World Biz  |  JULY 25, 2014 4:13 PM

    LVMH 1H earnings trail estimates

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    LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-half earnings that trailed estimates as a sales-tax increase in Japan and political unrest in Hong Kong weighed on demand in Asia. Profit from recurring operations fell 5% …

  • Property  |  JULY 25, 2014 4:09 PM

    London house prices stagnate; hometrack sees rapid cooling

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    London house prices stagnated in July, the first month with no growth since December 2012, as demand plunged and properties took longer to sell, Hometrack Ltd said. The survey of real-estate agents showed values were unchanged in the capital in …

  • Corporate & World Biz  |  JULY 25, 2014 4:06 PM

    TNB to take part in Sri Lanka renewable energy project

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    Tenaga Nasional Bhd (TNB) has signed an investment agreement with KLS Energy Sdn Bhd, KLS Energy Sri Lanka Sdn Bhd and KLS Energy Lanka (Private) Ltd over the 35 megawatt renewable energy hybrid wind and solar power project in Jaffna, Sri Lanka.

  • World Biz  |  JULY 25, 2014 3:52 PM

    McDonald’s Japan stops using chicken from China

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    McDonald's Holdings Co (Japan) said it halted sales of all products that use chicken meat that originates in China on Friday, switching its sourcing completely to Thailand.

  • World Biz  |  JULY 25, 2014 3:52 PM

    Citigroup names Boyle as head of equity derivatives

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    Citigroup Inc, the third-biggest US bank by assets, appointed James Boyle as global head of equity derivatives, replacing Simon Yates who left this month. Boyle, 44, formerly head of derivative trading for the Pan Asia region, will remain based in …

  • World Biz  |  JULY 25, 2014 3:48 PM

    Danone 1H earnings slump adds to pressure for takeovers

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    Danone, the world’s largest yogurt maker, reported a 20% decline in first-half earnings and quarterly revenue that missed estimates, adding to pressure on the company to find new avenues for growth. Trading operating profit fell to 1.18 billion euros (RM5 …

  • World Biz  |  JULY 25, 2014 3:44 PM

    Murdoch to sell Italy, German pay-TV stakes for RM28 bil

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    Rupert Murdoch’s 21st Century Fox Inc agreed to sell its pay-TV businesses in Italy and Germany for more than US$9 billion(RM28.5 billion), gaining funds to raise an $80 billion takeover bid for Time Warner Inc. British Sky Broadcasting Group Plc, …

  • World Biz  |  JULY 25, 2014 3:27 PM

    Air France profit rises as airline vows further cost cuts

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    Air France-KLM Group said second- quarter operating profit tripled as it benefited from cost cuts, and announced another five-year plan to drive down expenses as it grapples with slowing demand and overcapacity. Europe’s largest airline group posted operating profit of …

  • Markets  |  JULY 25, 2014 3:22 PM

    KL shares remains mixed at mid-afternoon

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    Share prices on Bursa Malaysia remained easier at mid-afternoon today on persistent selling in most heavyweight counters, dealers said.

  • World Biz  |  JULY 25, 2014 3:12 PM

    Amazon loss widens as CEO alarms investor

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    Jeff Bezos is testing the patience of investors after Inc. missed analysts’ estimates for a second straight quarter, sending shares tumbling 10%. The world’s largest online retailer yesterday reported a second-quarter loss of US$126 million (RM400 million), more than …

  • Corporate  |  JULY 25, 2014 3:03 PM

    LPI Capital pre-tax profit increase 9.8% to RM68.55 mil

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    LPI Capital Bhd's pre-tax profit for the 2Q ended June 30, 2014 increased by 9.8% to RM68.55 million from RM62.51 million in the same period last year.

  • World Biz  |  JULY 25, 2014 2:36 PM

    Hitachi CEO eyes deeper ties with Mitsubishi Heavy

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    Hitachi Ltd.’s chief executive officer said he’s open to deeper ties, which could include merger talks, with Mitsubishi Heavy Industries Ltd., after the equipment makers failed in their bid for Alstom SA’s power business. “We’ve built a relationship with them …