• Finance  |  OCTOBER 24, 2014 9:53 PM

    25 banks said to fail ECB’s stress test

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    25 lenders in the European Central Bank’s (ECB) euro area bank health check are set to fail the regulator’s Comprehensive Assessment, according to a draft communique of the final results, seen by Bloomberg News.

  • Finance  |  OCTOBER 24, 2014 9:34 PM

    US Treasuries rises amidst Ebola fear

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    Treasuries rose as higher relative yields to Group of Seven (G7) counterparts lured investors, amid concern a New York Ebola case reflects further spreading of the virus that may weigh on the global economy.

  • Corporate  |  OCTOBER 24, 2014 9:14 PM

    Perak Corp urged to withdraw SCR exercise

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    The Perak State Development Corporation (PKNPk) has asked Perak Corporation Bhd to withdraw the proposed selective capital reduction (SCR) and repayment exercise.

  • World Biz  |  OCTOBER 24, 2014 9:07 PM

    Colgate’s 3Q profit slips on weak Brazil, China demand

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    Colgate-Palmolive Co reported a 17% drop in third quarter profit and lowered its full-year earnings forecast, hurt by weak demand in Brazil and China and a stronger US dollar.

  • Singapore  |  OCTOBER 24, 2014 8:56 PM

    Jetstar Asia takes over Valueair flights

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    Jetstar Asia will take over operations of Valuair flights between Singapore and its four ports in Indonesia from Oct 26, following the Indonesian government's lifting of foreign low-cost carriers (LCCs) operating restrictions.

  • World Biz  |  OCTOBER 24, 2014 8:50 PM

    UPS delivers RM3.9bil 3Q profit

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    United Parcel Service Inc (UPS) reported third quarter earnings that beat analysts’ estimates. It expects shipments during December to climb 11%.

  • World Biz  |  OCTOBER 24, 2014 8:37 PM

    Nestle’s Mexico plant squeezes water out of milk

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    Nestle SA, the world’s largest food company, is now the first to run a plant entirely water-free.

  • World Biz  |  OCTOBER 24, 2014 7:55 PM

    P&G to split Duracell business as profit matches estimates

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    Procter & Gamble Co (P&G), the world’s largest consumer products company, posted first quarter profit that met analysts’ estimates, and said it will exit its Duracell battery business.

  • Corporate  |  OCTOBER 24, 2014 7:42 PM

    Airport stake to contribute 30% of MAHB’s total revenue

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    Malaysia Airport Holdings Bhd (MAHB) expects an additional 30% contribution to its total revenue from the Istanbul Sabiha Gokcen International Airport (ISG) acquisition, which is expected to be completed next year.

  • World Biz  |  OCTOBER 24, 2014 7:30 PM

    Ford 3Q profit falls less than estimates

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    Ford Motor Co, making less money while F-150 truck production is suspended, said third quarter profit fell less than analysts had projected, as the company continues to grow in China where it now outsells Toyota.

  • World Biz  |  OCTOBER 24, 2014 7:06 PM

    Truck manufacturers said to be investigated by EU

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    Daimler AG and Volvo AB are among truckmakers poised to get a European Union (EU) antitrust complaint for suspected collusion, according to three people with knowledge of the probe.

  • Markets  |  OCTOBER 24, 2014 6:47 PM

    OCK Group to transfer to Main Market

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    OCK Group Bhd has received approval from the respective authorities for its proposed transfer from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd.

  • Corporate, Featured and Exclusive, Markets  |  OCTOBER 24, 2014 6:46 PM

    Aabar demands more for RHB Cap stake

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    Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's no.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a US$22 billion (RM72 billion) merger that will create Southeast Asia's fourth-largest lender.

  • Property  |  OCTOBER 24, 2014 6:40 PM

    China’s house prices ease in September

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    China's house prices continued to ease for the fifth consecutive month in September, although the government has relaxed housing loan restrictions.

  • Economy  |  OCTOBER 24, 2014 6:32 PM

    M’sia can weather economic fallouts, says HSBC

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    Malaysia's sound macro fundamentals will help to weather potential fallouts in its equities market, HSBC Bank Malaysia Bhd said.

  • Markets  |  OCTOBER 24, 2014 6:13 PM

    Ringgit eases against US$ at close

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    The ringgit eased further against the US dollar today, with most players remaining on the sidelines to avoid taking long positions, as they await the outcome of the US Federal Reserve meeting next week, dealers said.

  • Corporate  |  OCTOBER 24, 2014 6:09 PM

    Fluor, Technip awarded M’sia refinery project

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    Fluor Corporation (NYSE: FLR), in a joint venture with Technip, has been awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn Bhd, for the Petronas Refinery and Petrochemical Integrated Development (Rapid) project located in Pengerang, Johor, Malaysia.

  • Markets  |  OCTOBER 24, 2014 5:59 PM

    Investors urged focus on O&G firms with economic moats

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    Investors are better off focusing their attention on the few oil and gas (O&G) companies with economic moats amid the recent sell-down.

  • Markets  |  OCTOBER 24, 2014 5:53 PM

    KL shares end higher, CI up 8.18 pts

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    Share prices on Bursa Malaysia closed higher today following Wall Street's overnight rally, dealers said.

  • Commodities  |  OCTOBER 24, 2014 5:45 PM

    M’sian rubber market extends uptrend at close

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    The Malaysian rubber market extended its uptrend to close at a seven-week high today on the back of a weaker ringgit and higher crude oil prices, said a dealer.