STORIES TAGGED WITH

  • Markets  |  JULY 24, 2014 10:16 AM

    KL shares opens lower on profit taking activities

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia opened lower this morning on profit taking activities ahead of the long Hari Raya Aidilfitri weeakend, a dealer said.

     
  • Markets  |  JULY 24, 2014 9:58 AM

    Ringgit opens lower against US dollar

    Story by
    www.bernama.com

    The ringgit opened 10 basis points lower at 3.1675/1695 this morning against the US dollar on mild profit-taking, a dealer said.

     
  • StockStalk  |  JULY 24, 2014 8:00 AM

    Sumatec: Not for the faint of heart

    Story by
    [email protected]

    Sumatec Resources, as well as its warrants, are usually among the most active stocks on Bursa Malaysia. Gathering a lot more focus recently, due both to its movements in Kazakhstan and on its board of directors, Sumatec seems to be looking at a boost in its share price. However, will this hold for long?

     
  • Commodities  |  JULY 24, 2014 7:38 AM

    Crude oil rises on drop in US crude inventories

    Story by
    www.reuters.com

    Crude oil futures rose on Wednesday, as oil stockpiles in the United States fell more than expected and geopolitical tensions in Eastern Europe and the Middle East persisted. US crude’s gains outpaced Brent’s for most of the session, after a government report showing …

     
  • Markets  |  JULY 24, 2014 7:33 AM

    Apple pushes S&P 500 to record close; Boeing hits Dow

    Story by
    www.reuters.com

    US stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple’s bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market’s gains in check. Biotech stocks ranked among …

     
  • Commodities  |  JULY 24, 2014 7:25 AM

    Gold slips as equity gains dent safe-haven appeal

    Story by
    www.reuters.com

    Gold fell for a second day on Wednesday as gains in US equities and dearth of new developments from conflicts in Ukraine and the Middle East prompted investors take profits. Sluggish physical demand in Asia in the seasonally quiet summer period is also weakening …

     
  • Markets  |  JULY 24, 2014 7:21 AM

    Kiwi hits skids, others buy time before China PMI

    Story by
    www.reuters.com

    The New Zealand dollar skidded to a six-week low on Thursday after the country’s central bank switched to a wait-and-see stance following its fourth straight rate hike, while other major currencies snoozed. The kiwi dollar dropped nearly a full US cent to …

     
  • World Biz  |  JULY 23, 2014 9:50 PM

    TransAsia Airways plane crashes on landing in Taiwan

    Story by
    www.reuters.com

    A TransAsia Airways plane crashed on landing on an island off tyhoon-hit Taiwan on Wednesday, killing 47 people, China’s Xinhua news agency said. Taiwan media said a domestic flight had crashed, killing or injuring more than 47 people. “It’s chaotic …

     
  • Corporate  |  JULY 23, 2014 9:44 PM

    Two Ukrainian fighter jets downed near MH17 site

    Story by
    www.bloomberg.com

    Separatists shot down two Ukrainian fighter jets in the same eastern region where Malaysian Air Flight MH17 was destroyed, the government said. Rebels downed two SU-25 fighters in the Donetsk region, Defense Ministry spokesman Oleksiy Dmytrashkovsky said by phone today. …

     
  • Corporate  |  JULY 23, 2014 9:41 PM

    PJ Development buys RM432 mil Melbourne property

    Story by
    [email protected]

    The inner city parcel of land, a carpark, is on Kavanagh Street, Southbank and measures just over two hectares

     
  • World Biz  |  JULY 23, 2014 9:33 PM

    Tesco pulls finance director photo from its website

    Story by
    www.reuters.com

    Tesco, Britain’s biggest retailer, has removed a photo on its corporate website of Alan Stewart, its newly appointed chief financial officer (CFO), after rival Marks & Spencer (M&S) complained he was technically still its employee. After M&S was alerted to …

     
  • Commodities  |  JULY 23, 2014 9:22 PM

    CPO futures close at lowest level in almost a year

    Story by
    www.bernama.com

    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed at the lowest level in almost a year following losses on the Chicago soyabean market, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said buyers …

     
  • World Biz  |  JULY 23, 2014 9:12 PM

    Delta Air’s quarterly profit tops estimates

    Story by
    www.bloomberg.com

    Delta Air Lines Inc. posted second- quarter profit that beat analysts’ estimates as the US carrier benefited from strong domestic demand. Earnings excluding some items were US$1.04 a share, the Atlanta-based company said in a statement today. The average of …

     
  • Corporate & Featured and Exclusive  |  JULY 23, 2014 9:03 PM

    Starbucks M’sia worth RM559 mil in Vincent Tan buyout

    Story by
    [email protected]

    Vincent Tan’s Berjaya Food Bhd is buying out 50:50 joint venture partner Starbucks Coffee International Inc for US$88 million (RM279 million)

     
  • Issues  |  JULY 23, 2014 9:00 PM

    A day at the noodle factory

    Story by
    [email protected]

    In this part of the Mamee-Double Decker Enterprise series, KiniBiz goes on a whirlwind trip to the brand’s facility in Ayer Keroh, Malacca.

     
  • World Biz  |  JULY 23, 2014 8:59 PM

    Glaxo profit falls on sluggish US respiratory drug sales

    Story by
    www.bloomberg.com

    GlaxoSmithKline Plc, the UK’s biggest drugmaker, said second-quarter earnings missed analyst estimates as sales of its respiratory drugs in the US remain sluggish. The company cut its forecast for the year. Profit excluding certain items fell to 1.41 billion pounds …

     
  • World Biz  |  JULY 23, 2014 8:44 PM

    PepsiCo tops quarterly profit estimates after cutting costs

    Story by
    www.bloomberg.com

    PepsiCo Inc. reported better-than- projected profit and raised its annual forecast after reducing costs, giving the company more leverage in a looming fight with activist investor Nelson Peltz. Excluding some items, profit totaled US$1.32 (RM4.19)a share, the Purchase, New York-based …

     
  • Corporate  |  JULY 23, 2014 7:53 PM

    Cadbury seeks independent panel to verify halal status

    Story by
    www.bernama.com

    Cadbury Confectionary Malaysia today requested for an independent Syariah panel to monitor and verify Cadbury Confectionery Malaysia Sdn Bhd’s chocolate making process to dispel doubts about its halal status.

     
  • Corporate & Property  |  JULY 23, 2014 7:31 PM

    Boustead set to buy Port Klang land for RM310 mil

    Story by
    www.bernama.com

    Boustead Holdings Bhd (BHB) is expanding its presence in the oil and gas sector, with the proposed acquisition of land in Klang for RM310 million.

     
  • Corporate  |  JULY 23, 2014 7:24 PM

    SHL shares soar 32% on glowing report

    Story by
    [email protected]

    The property developer was Bursa’s top gainer for two straight days after Public Invest said its stock could be worth double the value

     
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