• World Biz  |  JULY 25, 2014 1:05 PM

    Visa declines after reducing revenue forecast

    Story by

    Visa Inc, the world’s largest payments network, declined 3% after reducing its revenue forecast for the rest of the fiscal year. Visa slid to US$216(RM685) yesterday in extended New York trading. Net income for the quarter ended June 30 rose …

  • Commodities  |  JULY 25, 2014 1:02 PM

    KLTM closes unchanged at US$22,280 a tonne

    Story by

    The Kuala Lumpur Tin Market (KLTM) closed at US$22,280 a tonne today, unchanged from yesterday's close, despite an increase in the metal's price on the London Metal Exchange (LME), a dealer said.

  • Markets  |  JULY 25, 2014 12:58 PM

    Bursa ends easier at noon on heavyweight profit taking

    Story by

    Share prices on Bursa Malaysia ended the morning session easier today on profit-taking in most heavyweight counters, dealer said.

  • Economy  |  JULY 25, 2014 12:53 PM

    Thai exports increase 7.2% from last year

    Story by

    Thailand's exports in June rose 7.2% from a year earlier, the Commerce Ministry said on Friday, a surprisingly high figure that it attributed to improved global demand and government measures to boost trade.

  • Markets & World Biz  |  JULY 25, 2014 12:52 PM

    Ford, Starbucks leads S&P 500 earnings

    Story by

    Starbucks Corp, Ford Motor Co and American Airlines Group Inc posted profits that exceeded analysts’ estimates, benefiting in part from improved economies at home and abroad. The automaker and the coffee-shop chain yesterday joined the 77% of Standard & Poor’s …

  • World Biz  |  JULY 25, 2014 12:39 PM

    China Telecom in exclusive deal to sell Xbox One

    Story by

    China Telecom Corp Ltd will start selling Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third largest telecommunications company said in a statement on Friday.

  • Corporate & Markets  |  JULY 25, 2014 12:18 PM

    Heng Huat debuts at 61 sen for 16 sen premium

    Story by

    Heng Huat Resources Group Bhd debuted on the ACE market of Bursa Malaysia at 61 sen, for a premium of 16 sen, over its offer price of 45 sen.

  • Featured and Exclusive & World Biz  |  JULY 25, 2014 12:10 PM

    Missing Air Algerie plane located, no survivors found

    Story by

    Authorities have lost contact with an Air Algerie flight en route from Ouagadougou in Burkina Faso to Algiers with 110 passengers on board, Algeria's APS state news agency and a Spanish airline company said on Thursday.

  • World Biz  |  JULY 25, 2014 12:00 PM

    Nortel to pay RM3.2 bil in interest to US bondholders

    Story by

    Nortel Networks Inc, the US unit of defunct Canadian telecom company Nortel Networks Corp, has agreed to pay up to about US$1 billion (RM3.2 bil) in interest that has accrued on the $3.9 billion it owes to its US bondholders, a court filing showed.

  • Featured and Exclusive, Markets, World Biz  |  JULY 25, 2014 11:55 AM

    MAS needs RM2 bil rescue after record cash burns

    Story by

    Malaysia is expected to rescue its flagship carrier with a fourth capital infusion since bailing out the airline after two tragedies and record cash burn, analysts at two of the nation’s biggest lenders said. Parent company Khazanah Nasional Bhd needs …

  • Markets  |  JULY 25, 2014 11:37 AM

    KL shares lower at mid-morning on profit taking

    Story by

    Share prices on Bursa Malaysia were lower at mid-morning today on profit taking in selected heavyweights ahead of the Hari Raya holidays next week, dealers said.

  • World Biz  |  JULY 25, 2014 11:26 AM

    AIA 1st-half new business value rises 23%, led by China

    Story by

    AIA Group Ltd, the second-largest Asia-based insurer, posted a 23% increase in new business value in the first half, beating analyst estimates and exceeding the full-year figure for 2010 when it went public. The gauge of projected profitability of new …

  • World Biz  |  JULY 25, 2014 11:05 AM

    McDonald’s meat scare adds foreign suppliers to food woes

    Story by

    China is suffering through yet another food-safety scandal, and this time even the foreign- owned suppliers are under the microscope. For five days, restaurant patrons from Shanghai to Tokyo have been reeling from revelations that hamburgers, chicken nuggets and other …

  • Corporate & Featured and Exclusive  |  JULY 25, 2014 11:01 AM

    TNB’s acceptance of Track 4A ‘disappointing’

    Story by
    [email protected]

    National utility Tenaga Nasional Bhd (TNB)’s decision to accept the offered Track 4A power project is “very disappointing”, said the Association of Water and Energy Research (Awer).

  • Markets  |  JULY 25, 2014 10:21 AM

    Ringgit opens softer on profit taking activities

    Story by

    The ringgit opened softer this morning on profits taking activities, a dealer said.

  • Markets  |  JULY 25, 2014 9:56 AM

    KL shares opens higher on fresh buying support

    Story by

    Share prices on Bursa Malaysia opened higher this morning on fresh buying support, a dealer said.

  • Markets  |  JULY 25, 2014 7:40 AM

    Euro firms on upbeat business data, NZ dollar sags

    Story by

    The euro held above an eight-month low versus the US dollar on Thursday after the release of stronger-than-expected German and French business data, while the New Zealand dollar sank after that nation’s central bank hinted it may pause before raising rates further. The greenback …

  • Commodities  |  JULY 25, 2014 7:36 AM

    Brent oil dips below $107, market well-supplied

    Story by

    Oil futures prices fell on Thursday as unseasonably weak demand and plentiful supplies of crude and refined products offset strong Chinese factory data that could presage higher energy demand in the world’s No 2 oil consumer. China’s factory activity in July posted its …

  • Commodities  |  JULY 25, 2014 7:31 AM

    Gold hits 1-month low,strong data offset safe-haven lure

    Story by

    Gold hit a one-month low on Thursday after robust economic data from the United States, China and the euro zone deterred investors from safe-haven assets, even as tensions simmered in the Middle East and Ukraine. Prices for the yellow metal fell 1% to below …

  • Markets  |  JULY 25, 2014 7:26 AM

    Wall St ends flat on mixed earnings; S&P 500 at record

    Story by

    US stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high. The latest economic data failed to impress buyers. US claims for initial jobless benefits fell to …