• Commodities & World Biz  |  JANUARY 29, 2015 11:07 PM

    Norway set to repeat mistakes of last oil crash

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    Norway's offshore energy sector may be repeating the mistakes of the last big oil slump, removing too much capacity too soon and leaving the industry unprepared for any eventual rebound, senior sector insiders said.

  • World Biz  |  JANUARY 29, 2015 10:49 PM

    Refiner Phillips 66 profits as oil drop lowers cost

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    Phillips 66, the largest US refiner by market value, reported higher fourth-quarter earnings as the price of oil fell, reducing its cost to convert crude into fuels.

  • Economy & Featured and Exclusive  |  JANUARY 29, 2015 10:38 PM

    Germany reports 1st deflation since 2009

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    Prices in Europe’s largest economy fell 0.5% from a year earlier, the Federal Statistics Office in Wiesbaden said today. That’s the lowest rate since September 2009. Economists predicted a drop of 0.2%.

  • World Biz  |  JANUARY 29, 2015 10:31 PM

    Airbus’ unit head removed as A400M stumbles

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    Airbus has booked 174 orders for the A400M, with Malaysia its only export customer beyond the group of six European countries and Turkey that backed its development.

  • World Biz  |  JANUARY 29, 2015 10:22 PM

    Blackstone Q4 earnings drop 6%

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    Blackstone Group LP, the world's largest alternative asset manager, reported a 6% decline in fourth-quarter profit on Thursday as its real estate funds appreciated less than they did a year ago.

  • World Biz  |  JANUARY 29, 2015 8:53 PM

    Coach bags better-than-expected Q2 profit

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    Coach Inc posted a better-than-expected quarterly profit as demand for its Poppy handbags rose in China, a key market, sending the company's shares up 9% in premarket trading.

  • Featured and Exclusive & World Biz  |  JANUARY 29, 2015 8:41 PM

    StanChart said to discuss CEO succession at board meeting

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    Standard Chartered's board will discuss succession planning at a meeting in Washington, DC, on Thursday, people familiar with the matter said.

  • World Biz  |  JANUARY 29, 2015 8:34 PM

    Ford Q4 profit beats forecast; maintains 2015 estimates

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    Ford Motor Co's quarterly earnings beat Wall Street earnings expectations on Thursday, and the automaker maintained its 2015 profit forecast.

  • World Biz  |  JANUARY 29, 2015 8:28 PM

    Alibaba’s quarterly revenue down on China’s slowdown

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    Alibaba Group Holding Ltd's quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the Chinese e-commerce company's growth during the hard-fought holiday shopping season.

  • World Biz  |  JANUARY 29, 2015 8:16 PM

    Strong US$ bites into Colgate’s Q4 sales

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    Colgate-Palmolive Co, the world's largest toothpaste maker by market share, reported a 3.2% fall in quarterly revenue due a US stronger dollar.

  • Commodities  |  JANUARY 29, 2015 8:10 PM

    Shell CEO sees long-term oil price at US$90

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    Oil prices should reach a long-term equilibrium of US$90 per barrel, Royal Dutch Shell's chief executive Ben van Beurden told a conference call on Thursday.

  • Corporate & Featured and Exclusive  |  JANUARY 29, 2015 8:04 PM

    Khazanah raises RM1.6 bil from TNB shares

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    This was following the completion of a placement of 112 million existing shares in Tenaga Nasional Bhd (TNB), representing about 2% of the company's paid up share capital, at a price of RM14.50 per share today.

  • World Biz  |  JANUARY 29, 2015 7:50 PM

    Delhi asks Uber to resubmit license application

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    While the letter, or "deficiency memo", is not a rejection of Uber's application, the company will have to resubmit a portion of it to be granted a licence, a government official said.

  • Corporate  |  JANUARY 29, 2015 7:42 PM

    Prasarana targets 250,000 riders daily for Ampang Line

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    Prasarana Malaysia Bhd (Prasarana) aims to increase ridership of LRT Ampang Line to 250,000 passengers per day by next year with the introduction of new six-car Light Rail Vehicles (LRVs).

  • World Biz  |  JANUARY 29, 2015 7:33 PM

    Time Warner Cable misses Q4 profit estimates

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    Time Warner Cable Inc, the company awaiting regulatory approval to merge with Comcast Corp, missed profit estimates after losing pay-TV subscribers.

  • World Biz  |  JANUARY 29, 2015 7:23 PM

    Total wins share of Abu Dhabi 40-year onshore concession

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    State-run Abu Dhabi National Oil Company (Adnoc) signed an agreement on Thursday with Total giving the French oil major a 10% stake in a new 40-year onshore concession to help operate the United Arab Emirates' biggest oilfields.

  • Corporate  |  JANUARY 29, 2015 7:16 PM

    No impact from weak oil, says Hibiscus Petroleum

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    Hibiscus Petroleum Bhd sees no impact on its ongoing exploration projects despite the fall in global crude oil prices, given the current good drilling rates coupled with industry service rates from oil service companies.

  • World Biz  |  JANUARY 29, 2015 7:15 PM

    McDonald’s picks Briton as global chief

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    The 91,000 people working in Britain for McDonald's learned Thursday that their former boss, Steve Easterbrook, had become the first Briton to lead the US fast-food giant's global operation.

  • Corporate & Property  |  JANUARY 29, 2015 7:10 PM

    Rehda calls to ease affordable housing purchase

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    Real Estate and Housing Developers' Association Malaysia (Rehda) has called for measures to be introduced to ease affordable housing purchase.

  • Corporate & Property  |  JANUARY 29, 2015 7:00 PM

    PLB plans 4 projects with RM350 mil in GDV

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    PLB Engineering Bhd plans to launch four projects with a gross development value (GDV) of about RM350 million in the financial year ending Aug 31, 2015.