• Economy  |  AUGUST 1, 2014 1:41 PM

    RHB says Malaysian loans will expand by 10% in 2014

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    Malaysia's banking system’s loans will sustain its expansion at between 9-10% this year, compared with +10.6% in 2013.

  • World Biz  |  AUGUST 1, 2014 1:37 PM

    Time Warner leaves deal door open after nixing Murdoch

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    Jeff Bewkes’s plan to keep Time Warner Inc independent will probably only last so long. The US$73 billion(RM233 billion) owner of HBO, CNN and the Warner Bros. movie studio rejected a takeover bid from Rupert Murdoch’s 21st Century Fox Inc …

  • Markets  |  AUGUST 1, 2014 1:05 PM

    KL shares remains lower at mid-day

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    Share prices on Bursa Malaysia remained lower at mid-day today, weighed down by selected bluechips and heavyweights.

  • OTHERS  |  AUGUST 1, 2014 12:49 PM

    AmEx CEO says merchant rules help protect brand

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    American Express Co chief executive officer Kenneth I Chenault defended company rules that bar merchants from asking customers to use credit cards with lower processing costs as a measure needed to protect its brand. “I do not want discrimination against …

  • World Biz  |  AUGUST 1, 2014 12:27 PM

    GoPro shares fall after net loss in 1st report after IPO

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    GoPro Inc, in its first earnings release as a public company, reported a wider quarterly loss, helping to send shares down as much as 13%. The net loss was US$19.8 million(RM63.3 million) for the second quarter, almost four times bigger …

  • Corporate  |  AUGUST 1, 2014 12:20 PM

    Glove makers’ share prices up on Ebola fears

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    The share prices of four glove makers went up this morning on fears over the Ebola virus outbreak in Africa. As of 11.13am, Supermax Corporation Bhd was up 14 sen to RM2.31, Kossan Rubber Industries Bhd added 9 sen to …

  • World Biz  |  AUGUST 1, 2014 12:13 PM

    Microsoft loses challenge to US warrant for Ireland E-mail

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    Microsoft Corp lost its challenge to a US government search warrant ordering the software giant to produce e-mails of an unidentified customer stored in a data center in Ireland. US District Judge Loretta Preska in Manhattan today upheld a federal …

  • Corporate & Property  |  AUGUST 1, 2014 12:05 PM

    News Corp subsidiary buys into iProperty

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    REA Group Ltd Monday inked a deal to buy a 17% equity stake in the online property classifieds service for US$100 million (RM320 million)

  • World Biz  |  AUGUST 1, 2014 11:55 AM

    LinkedIn sales forecast tops estimates on recovery

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    LinkedIn Corp gave a third-quarter sales forecast that topped estimates as the largest professional-networking website rolled out new products to reignite growth, sending the shares higher in extended trading. Revenue will be US$543 million(RM1735 million) to US$547 million in the …

  • Singapore  |  AUGUST 1, 2014 11:54 AM

    Singapore’s GIC names ex-Temasek chairman to board

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    Singapore sovereign wealth fund GIC has appointed S. Dhanabalan, former chairman of Temasek Holdings, as a board member. Dhanabalan retired as chairman of Temasek a year ago after serving the state investor for 17 years. He previously served on the …

  • Corporate  |  AUGUST 1, 2014 11:45 AM

    9 aircraft parking bays in klia2 closed until Sunday

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    Nine aircraft parking bays at the Kuala Lumpur International Airport 2 (klia2) have been temporarily closed due to a pressure drop in their jet fuelling system. Malaysia Airports Holding Bhd (MAHB) has been advised by the Kuala Lumpur Aviation Fuelling …

  • Corporate  |  AUGUST 1, 2014 11:40 AM

    TA Investment declares distribution for 2 funds

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    TA Investment Management Bhd (TAIM) has declared a gross income distribution of 0.5 sen per unit for the TA Asian Dividend Income Fund (TADIF) and three sen per unit for its TA Income Fund (TIF) for registered unit holders as …

  • Markets  |  AUGUST 1, 2014 11:39 AM

    Topix index retreats as global rout spreads

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    Japan’s Topix index fell as earnings disappointed investors and a rout in global stocks spread to the world’s second-largest equities market. The Topix sank 0.5% to 1,283.47 at the trading break in Tokyo, with all but eight of its 33 …

  • Markets  |  AUGUST 1, 2014 11:32 AM

    Share prices on Bursa remain lower at mid-morning

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    Share prices on Bursa Malaysia remained lower at mid-morning today, in tandem with the overnight slump on Wall Street and weaker regional markets. At 11.01am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.39 points lower at 1,866.97 points, …

  • World Biz  |  AUGUST 1, 2014 11:23 AM

    Mitsubishi UFJ expansion paying off

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    Mitsubishi UFJ Financial Group Inc’s overseas expansion is paying off as loan growth abroad helps to limit declining profit stemming from Japan’s equity-market slowdown and weakening economy. Japan’s biggest bank yesterday posted a smaller drop in first-quarter earnings than analysts …

  • Corporate, Featured and Exclusive, World Biz  |  AUGUST 1, 2014 11:00 AM

    Exxon Mobil income rise to RM28.1 bil on higher prices

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    Exxon Mobil Corp, the world's largest publicly traded oil company, reported a stronger than expected quarterly profit on Thursday as higher prices for its crude and natural gas offset a 6% drop in production.

  • Markets  |  AUGUST 1, 2014 10:22 AM

    Ringgit opens lower against the US dollar

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    The ringgit was traded weaker against the US dollar in the early session Friday due to renewed interest for the greenback, a currency trader said. At 9.25am, the ringgit was quoted at 3.2035/2065 against the greenback from 3.1950/1970 at 5 …

  • Markets  |  AUGUST 1, 2014 9:53 AM

    Share prices on Bursa open lower

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    Share prices on Bursa Malaysia opened lower today, weighed down by losses in selected heavyweights. At 9.31 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.04 points lower at 1,866.32 points, after opening 5.25 points easier at 1,866.11. …

  • Commodities  |  AUGUST 1, 2014 7:40 AM

    Gold falls 1% on economic optimism, posts July loss

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    Gold fell 1% to a six-week low on Thursday, ignoring sharp losses in the S&P 500 equities index, as strong US wage growth data and signs of an improving job market reduced the need for safe-haven buying. Bullion posted more a loss of …

  • Commodities  |  AUGUST 1, 2014 7:35 AM

    oil dives below $100 on Kansas refinery outage

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    US crude oil tumbled more than US$2(RM6.36) on Thursday, going below $98 a barrel, hitting the lowest level since March on news of a potentially lengthy shutdown at a Kansas oil refinery, while Brent also slipped amid signs of robust OPEC oil production. …