• 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.

  • Economy & World Biz  |  OCTOBER 24, 2014 5:16 PM

    Mario Draghi’s German problem

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    In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians.

  • Corporate & Featured and Exclusive  |  OCTOBER 24, 2014 5:03 PM

    Penang govt must clarify land sale to individual, says retiree

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    A retiree has claimed that the state government has not been transparent in its administration when it sold a piece of land 2.1 metres by 21.3 metres by the main road to a house owner.

  • World Biz  |  OCTOBER 24, 2014 5:03 PM

    FC Barcelona risks RM2.2bil over Catalan referendum

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    If a breakup of the country leads to Barcelona’s exclusion from the Spanish league, the club may lose supporters from the rest of the world, in addition to much of its 530 million euros (RM2.2 billion) of annual sales, Burns said.

  • Corporate  |  OCTOBER 24, 2014 4:51 PM

    SapuraKencana heavy selling sees net widening of safety

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    The heavy selling in SapuraKencana Petroleum Bhd (SAKP) has resulted in a net widening of the margin of safety, says Credit Suisse.

  • World Biz  |  OCTOBER 24, 2014 4:37 PM

    Russian bank taking EU to court over sanctions

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    OAO Sberbank said it is taking the European Union (EU) to court, over sanctions imposed against Russia’s largest lender, in response to the Kremlin’s policies in Ukraine.

  • Corporate  |  OCTOBER 24, 2014 4:30 PM

    PIAM appoints Mark Lim as new CEO

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    The General Insurance Association of Malaysia (PIAM) has announced the appointment of Mark Lim Kian Wei as its new chief executive officer.

  • Finance  |  OCTOBER 24, 2014 4:30 PM

    M’sia bonds set to snap 5-week rally on global outlook

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    Malaysia’s 10-year government bonds were poised for their first weekly decline in six, halting the longest run of gains since they were issued in January, as an improved global growth outlook reduced the allure of debt.