STORIES TAGGED WITH

  • World Biz  |  NOVEMBER 24, 2014 2:31 PM

    Oil prices seen plunging if Opec does not cut output

    Story by
    www.reuters.com

    Oil prices could plunge to US$60 (RM201) a barrel if Opec does not agree a significant output cut when it meets in Vienna this week, market players say.

     
  • Corporate & Featured and Exclusive  |  NOVEMBER 24, 2014 2:21 PM

    Sona still pursuing Salamander deal

    Story by
    [email protected]

    Sona Petroleum Bhd has said that it remains committed to acquiring a stake in Salamander Energy Plc, despite the latter’s board recommending a proposed offer from Ophir Energy.

     
  • Economy & Featured and Exclusive  |  NOVEMBER 24, 2014 2:21 PM

    S’gor’s RM2.4 bil budget largest under Pakatan

    Story by
    www.malaysiakini.com

    Selangor’s budget for 2015, presented by Menteri Besar Azmin Ali today, is its largest ever but comes with its first deficit since Pakatan Rakyat took over the state in 2008.

     
  • Corporate  |  NOVEMBER 24, 2014 2:13 PM

    Analysts downgrade Genting on operational headwinds

    Story by
    [email protected]

    Genting Bhd saw downgrades from RHB Investment Bank (RHB) and CIMB Research (CIMB), on the back of operational headwinds faced by the group, as well as limited upside potential.

     
  • Corporate & Economy  |  NOVEMBER 24, 2014 1:45 PM

    ‘Gov’t will intervene if global oil prices rise too high’

    Story by
    www.bernama.com

    The government will intervene if global crude oil prices rise too high to cushion the impact on RON95 petrol and diesel, said Deputy Finance Minister, Chua Tee Yong.

     
  • World Biz  |  NOVEMBER 24, 2014 1:36 PM

    Bakrie Telecom proposes debt restructuring

    Story by
    www.reuters.com

    Indonesia's PT Bakrie Telecom Tbk has proposed a debt restructuring plan that offers creditors cash instalments and debt-to-equity swaps, after a Jakarta court ordered the company to negotiate a debt restructuring with its creditors by Dec 9.

     
  • Markets  |  NOVEMBER 24, 2014 1:28 PM

    KL shares extend gains at mid-day

    Story by
    www.bernama.com

    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) extended earlier gains to close the morning session slightly higher today, boosted by buying in selected blue chips and key heavyweights.

     
  • World Biz  |  NOVEMBER 24, 2014 1:16 PM

    Hyundai, Kia said to sell 8 mil vehicles in 2014

    Story by
    www.bloomberg.com

    Hyundai Motor Co and Kia Motors Corp said better-than-expected sales in Brazil, China and India will help them sell a record 8 million vehicles this year, even as a stronger won erodes profitability.

     
  • Corporate  |  NOVEMBER 24, 2014 1:04 PM

    Samsung C&T wins RM1.5 bil Petronas Gas order

    Story by
    www.reuters.com

    Samsung C&T Corp said in a statement today that it has won a US$460 million (RM1.5 billion) order to build a re-gasification terminal in the Johor Province of southern Peninsular Malaysia from Petronas Gas Berhad, a subsidiary of state-owned oil firm Petronas.

     
  • Featured and Exclusive & Opinion  |  NOVEMBER 24, 2014 1:03 PM

    Where’s the debate on the 11th Malaysia Plan?

    Story by

    With the 10th Malaysia Plan scheduled to end next year and the economy  clearly still stuck in the middle income trap, a major debate should have commenced by now about the key features of the 11th Malaysia Plan. It is …

     
  • Commodities  |  NOVEMBER 24, 2014 12:53 PM

    KLTM closes higher at US$20,200 a tonne

    Story by
    www.bernama.com

    The Kuala Lumpur Tin Market (KLTM) closed higher by US$150 to US$20,200 per tonne on better demand, said a dealer.

     
  • Economy & Featured and Exclusive  |  NOVEMBER 24, 2014 12:49 PM

    China ready to cut rates again over deflation fears

    Story by
    www.reuters.com

    China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

     
  • Corporate  |  NOVEMBER 24, 2014 12:36 PM

    IOI Corp’s shares up 7 sen on positive outlook

    Story by
    www.bernama.com

    IOI Corporation Bhd's shares on Bursa Malaysia gained 7 sen to RM4.67 as at 10.15am today, lifted by the company's positive earnings outlook.

     
  • World Biz  |  NOVEMBER 24, 2014 12:27 PM

    Visa awards CEO RM41.88 mil in compensation

    Story by
    www.bloomberg.com

    Visa Inc chief executive officer (CEO) Charlie Scharf was awarded US$12.5 million (RM41.88 million) for his work in fiscal 2014, a 19% increase from a year earlier.

     
  • World Biz  |  NOVEMBER 24, 2014 12:20 PM

    Macy’s may benefit from lower gas prices, says CEO

    Story by
    www.bloomberg.com

    Macy’s Inc, the largest US department-store chain, will gain from consumers that are less burdened by energy costs, chief executive officer Terry Lundgren said.

     
  • Markets  |  NOVEMBER 24, 2014 12:18 PM

    FBM KLCI higher at mid-morning; TNB up 38 sen

    Story by
    www.bernama.com

    Shares on Bursa Malaysia were traded higher at mid-morning today, spurred by buying in selected blue chips and key heavyweights.

     
  • World Biz  |  NOVEMBER 24, 2014 11:06 AM

    Toyota recalls 400,000 Lexus over fuel leak

    Story by
    www.bloomberg.com

    Toyota Motor Corp, the world’s largest automaker, recalled more than 400,000 Lexus vehicles because fuel leaks may develop in some cars and cause fires.

     
  • Featured and Exclusive & World Biz  |  NOVEMBER 24, 2014 11:00 AM

    Samsung files complaint to block Nvidia in US

    Story by
    www.bloomberg.com

    Samsung Electronics Co is seeking to block computer graphics chips made by Nvidia Corp from the US market, escalating a battle begun after licensing talks failed.

     
  • World Biz  |  NOVEMBER 24, 2014 10:42 AM

    EU’s patience with Google wearing thin over antitrust

    Story by
    www.bloomberg.com

    A European Parliament bid for legislation splitting up Google Inc may send a message that’s too loud to ignore, as European Union (EU) antitrust regulators review a possible settlement with the owner of the world’s largest search engine.

     
  • World Biz  |  NOVEMBER 24, 2014 10:35 AM

    BHP Billiton looks at options to expand copper outputs

    Story by
    www.bloomberg.com

    BHP Billiton Ltd, operator of the world’s biggest copper mine, is studying options to raise output as it forecasts looming power and water shortages for some producers will spur a deficit from 2018.

     
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