STORIES TAGGED WITH

  • Property  |  JULY 25, 2014 4:09 PM

    London house prices stagnate; hometrack sees rapid cooling

    Story by
    www.bloomberg.com

    London house prices stagnated in July, the first month with no growth since December 2012, as demand plunged and properties took longer to sell, Hometrack Ltd said. The survey of real-estate agents showed values were unchanged in the capital in …

     
  • Corporate & World Biz  |  JULY 25, 2014 4:06 PM

    TNB to take part in Sri Lanka renewable energy project

    Story by
    www.bernama.com

    Tenaga Nasional Bhd (TNB) has signed an investment agreement with KLS Energy Sdn Bhd, KLS Energy Sri Lanka Sdn Bhd and KLS Energy Lanka (Private) Ltd over the 35 megawatt renewable energy hybrid wind and solar power project in Jaffna, Sri Lanka.

     
  • World Biz  |  JULY 25, 2014 3:52 PM

    McDonald’s Japan stops using chicken from China

    Story by
    www.bernama.com

    McDonald's Holdings Co (Japan) said it halted sales of all products that use chicken meat that originates in China on Friday, switching its sourcing completely to Thailand.

     
  • World Biz  |  JULY 25, 2014 3:52 PM

    Citigroup names Boyle as head of equity derivatives

    Story by
    www.bloomberg.com

    Citigroup Inc, the third-biggest US bank by assets, appointed James Boyle as global head of equity derivatives, replacing Simon Yates who left this month. Boyle, 44, formerly head of derivative trading for the Pan Asia region, will remain based in …

     
  • World Biz  |  JULY 25, 2014 3:48 PM

    Danone 1H earnings slump adds to pressure for takeovers

    Story by
    www.bloomberg.com

    Danone, the world’s largest yogurt maker, reported a 20% decline in first-half earnings and quarterly revenue that missed estimates, adding to pressure on the company to find new avenues for growth. Trading operating profit fell to 1.18 billion euros (RM5 …

     
  • World Biz  |  JULY 25, 2014 3:44 PM

    Murdoch to sell Italy, German pay-TV stakes for RM28 bil

    Story by
    www.bloomberg.com

    Rupert Murdoch’s 21st Century Fox Inc agreed to sell its pay-TV businesses in Italy and Germany for more than US$9 billion(RM28.5 billion), gaining funds to raise an $80 billion takeover bid for Time Warner Inc. British Sky Broadcasting Group Plc, …

     
  • World Biz  |  JULY 25, 2014 3:27 PM

    Air France profit rises as airline vows further cost cuts

    Story by
    www.bloomberg.com

    Air France-KLM Group said second- quarter operating profit tripled as it benefited from cost cuts, and announced another five-year plan to drive down expenses as it grapples with slowing demand and overcapacity. Europe’s largest airline group posted operating profit of …

     
  • Markets  |  JULY 25, 2014 3:22 PM

    KL shares remains mixed at mid-afternoon

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia remained easier at mid-afternoon today on persistent selling in most heavyweight counters, dealers said.

     
  • World Biz  |  JULY 25, 2014 3:12 PM

    Amazon loss widens as CEO alarms investor

    Story by
    www.bloomberg.com

    Jeff Bezos is testing the patience of investors after Amazon.com Inc. missed analysts’ estimates for a second straight quarter, sending shares tumbling 10%. The world’s largest online retailer yesterday reported a second-quarter loss of US$126 million (RM400 million), more than …

     
  • Corporate  |  JULY 25, 2014 3:03 PM

    LPI Capital pre-tax profit increase 9.8% to RM68.55 mil

    Story by
    www.bernama.com

    LPI Capital Bhd's pre-tax profit for the 2Q ended June 30, 2014 increased by 9.8% to RM68.55 million from RM62.51 million in the same period last year.

     
  • World Biz  |  JULY 25, 2014 2:36 PM

    Hitachi CEO eyes deeper ties with Mitsubishi Heavy

    Story by
    www.bloomberg.com

    Hitachi Ltd.’s chief executive officer said he’s open to deeper ties, which could include merger talks, with Mitsubishi Heavy Industries Ltd., after the equipment makers failed in their bid for Alstom SA’s power business. “We’ve built a relationship with them …

     
  • Singapore & World Biz  |  JULY 25, 2014 1:29 PM

    Temasek sells remaining stake in New China Life

    Story by
    www.reuters.com

    Singapore state investor Temasek Holdings said on Friday it had sold all of its remaining shares in New China Life Insurance (NCI), on the back of a 27% rally in the stock over the past year.

     
  • Corporate  |  JULY 25, 2014 1:16 PM

    Kimanis Power Plant 2nd block begins operations

    Story by
    www.bernama.com

    Petronas Gas Bhd's subsidiary, Kimanis Power Sdn Bhd (KPSB), has started the commercial operations for its second block of its Kimanis Power Plant (KPP) on July 22, 2014.

     
  • World Biz  |  JULY 25, 2014 1:05 PM

    Visa declines after reducing revenue forecast

    Story by
    www.bloomberg.com

    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
    www.bernama.com

    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
    www.bernama.com

    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
    www.reuters.com

    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
    www.bloomberg.com

    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

    Time Warner dares Murdoch to make an offer he can’t afford

    Story by
    www.bloomberg.com

    Time Warner Inc’s board is daring Rupert Murdoch to make an offer he can’t afford. In rejecting an US$85(RM269)-per-share takeover bid by Murdoch’s 21st Century Fox Inc last week, Time Warner said its own growth plan “is superior to any proposal that …

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

    China Telecom in exclusive deal to sell Xbox One

    Story by
    www.reuters.com

    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.

     
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