• Corporate  |  NOVEMBER 26, 2014 11:50 AM

    CIMB upgrades Hovid to ‘hold’ on higher net profit

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    CIMB has upgraded Hovid Bhd, an Ipoh-based manufacturer of pharmaceutical products, to “hold” today due to a rise in its net profit in the first quarter for the financial year 2015 (1Q15), thanks to higher sales.

  • Markets  |  NOVEMBER 26, 2014 11:48 AM

    FBM KLCI improves at mid-morning

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved at mid-morning today on continued buying demand for selected blue chips and key heavyweights.

  • Corporate & Featured and Exclusive  |  NOVEMBER 26, 2014 11:38 AM

    Petronas gets approval for LNG project, 2 gas pipelines

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    British Columbia has approved a liquefied natural gas (LNG) export terminal being developed by Malaysia's Petronas, along with two pipelines to service the province's fledging LNG industry, the province's Environment Ministry said on Tuesday.

  • Finance  |  NOVEMBER 26, 2014 11:35 AM

    Moody’s: Sovereigns face risks on disorderly market reaction

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    While Malaysia, the Philippines and Thailand would benefit from an acceleration in US growth, they would be slightly more exposed to a disorderly market reaction to US interest rate hikes, in part due to higher annual government borrowing requirements.

  • Commodities & World Biz  |  NOVEMBER 26, 2014 11:29 AM

    HSBC, Goldman sued over platinum price-rigging

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    Goldman Sachs Group Inc and HSBC Holdings Plc are sued in New York over claims they conspired for eight years to manipulate prices for the precious metals platinum and palladium in what plaintiffs’ lawyers say is the first class-action lawsuit of its kind in the US.

  • Featured and Exclusive & World Biz  |  NOVEMBER 26, 2014 11:17 AM

    Google said to expand ‘Right to be Forgotten’ beyond EU

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    The decision by regulators meeting in Brussels will push the Mountain View, California-based company to apply privacy requests from EU residents to its primary site in the US, said the people, who requested anonymity because the plans aren’t public. Google may also be rebuked for “routinely” notifying media about story links it has removed, they said.

  • Featured and Exclusive & Property  |  NOVEMBER 26, 2014 11:06 AM

    Govt urged to enforce BTS concept

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    Putrajaya is urged to implement the build-then-sell (BTS) concept in 2015 as it protects house buyers from irresponsible developers.

  • World Biz  |  NOVEMBER 26, 2014 10:51 AM

    Sony settles with FTC over misleading PS Vita claim

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    Sony and its advertising company, Deutsch LA, had claimed inaccurately the console would enable consumers to play remotely and would allow them to begin a game on the PlayStation 3, then move to the smaller Vita without losing continuity, the FTC said.

  • World Biz  |  NOVEMBER 26, 2014 10:42 AM

    Uber close to raising funds at more than RM117 bil

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    Uber Technologies Inc is close to raising a round of financing that would value the mobile car-booking company at US$35 billion (RM116.9 billion) to US$40 billion, according to people with knowledge of the situation.

  • World Biz  |  NOVEMBER 26, 2014 10:37 AM

    Sony Pictures offline after hackers’ attack

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    Sony Pictures Entertainment said its computer system was down for a second day on Tuesday, following media reports of a major hacking attack aimed at the film and television studio.

  • Opinion & World Biz  |  NOVEMBER 26, 2014 10:27 AM

    ‘Toxic banking culture to take generation to fix’

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    Bad behaviour that has cost British banks 38.5 billion pounds (RM202 billion) in fines and compensation over the past 15 years will take a generation to fix, an independent think tank said on Tuesday.

  • World Biz  |  NOVEMBER 26, 2014 10:15 AM

    HSBC Private fined by US SEC over improper registration

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    HSBC Holdings Plc will pay US$12.5 million (RM41.85 million) to resolve charges that its Swiss private banking unit illegally offered services to US clients without being properly registered, the US Securities and Exchange Commission (SEC) said on Tuesday.

  • Markets  |  NOVEMBER 26, 2014 10:02 AM

    FBM KLCI opens slightly higher

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher in early trade today supported by some buying demand in selected blue chips.

  • Markets  |  NOVEMBER 26, 2014 9:57 AM

    Ringgit opens higher against US$

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    The ringgit opened higher against the US dollar this morning on renewed buying interest, a dealer said.

  • World Biz  |  NOVEMBER 26, 2014 8:47 AM

    Microsoft said to pay China RM458 mil for tax evasion

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    China has levied about US$140 million (RM468.72 million) in back taxes from Microsoft Corp in the first major case concerning cross-border tax evasion in the country, as regulators ramp up pressure on US corporations doing business there.

  • Economy & Featured and Exclusive  |  NOVEMBER 26, 2014 8:31 AM

    EU unveils RM1.3 tril plan to kick-start economy

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    The European Commission have agreed a much-touted plan to inject 315 billion euros (RM1.3 trillion) into the European Union's (EU's) ailing economy, EU sources said Tuesday, but critics questioned its ability to kick-start growth and tackle high levels of unemployment.

  • World Biz  |  NOVEMBER 26, 2014 8:22 AM

    Hanwha Group said to acquire Samsung units

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    South Korean conglomerate Hanwha Group will acquire defence firm Samsung Techwin Co Ltd and three other Samsung Group affiliates, a person with direct knowledge of the matter said on Wednesday.

  • World Biz  |  NOVEMBER 26, 2014 8:11 AM

    Twitter said to buy Bieber-backed selfie app Shots

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    Twitter Inc is in talks to buy Shots, a selfie photo-sharing app, CNBC reported, citing a source close to the Justin Bieber-backed company.

  • World Biz  |  NOVEMBER 26, 2014 8:02 AM

    HP Q4 revenue drops on weak enterprise demand

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    Hewlett-Packard Co (HP) said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.

  • StockStalk  |  NOVEMBER 26, 2014 8:00 AM

    Bumi Armada: A long way to a rebound

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    [email protected]

    Most analysts appear upbeat on Bumi Armada, which recently reported its Q32014 results and are optimistic that falling oil prices will not hurt the company’s FPSO business. Yet the company’s share price continues to fall. Will things pick up eventually for the stock?