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  • Corporate  |  JANUARY 30, 2015 10:15 AM

    TH Group MD faces 53 charges of insider trading

    Story by
    [email protected]

    The Securities Commission Malaysia (SC) charged five individuals with insider trading offences under Section 188(2)(a) of the Capital Markets and Services Act 2007. Lei Lin Thai was charged at the Kuala Lumpur Sessions Court for acquiring 2,766,600 units of TH …

     
  • Markets  |  JANUARY 30, 2015 10:03 AM

    Ringgit opens higher against US dollar

    Story by
    www.bernama.com

    The ringgit opened higher against the US dollar and some other major currencies today on renewed demand for the domestic currency, a dealer said.

     
  • Markets  |  JANUARY 30, 2015 10:03 AM

    KL shares rebound after 2 days of losses

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia rose in early trade today after two days of consecutive losses prompted by the overnight gains on Wall Street, dealers said.

     
  • Economy & World Biz  |  JANUARY 30, 2015 9:59 AM

    BOJ under pressure to meet inflation target

    Story by
    www.reuters.com

    Japan's core consumer inflation slowed for a fifth straight month in December hit by collapsing oil prices, keeping the central bank under pressure to meet its ambitious 2% inflation target.

     
  • World Biz  |  JANUARY 30, 2015 9:48 AM

    Delhi Uber passenger who alleges driver rape sues in US

    Story by
    www.reuters.com

    A passenger who said she had been raped by an Uber driver in India's capital sued the online car service in US federal court on Thursday, claiming the company failed to maintain basic safety procedures.

     
  • Featured and Exclusive & World Biz  |  JANUARY 30, 2015 9:45 AM

    Amazon shares jump on better than expected 4Q earnings

    Story by
    www.bloomberg.com

    Amazon on Thursday posted a fourth-quarter profit of US$214 million (RM776.94 million) on sales of US$29.3 billion, following two straight periods of losses. The results sent the online retailer’s shares soaring in extended trading.

     
  • Economy & World Biz  |  JANUARY 30, 2015 9:42 AM

    Taiwan 4Q GDP growth below estimates

    Story by
    www.bloomberg.com

    Taiwan’s economy grew slower than economists estimated last quarter after a food scandal weighed on demand.

     
  • Featured and Exclusive & World Biz  |  JANUARY 30, 2015 9:15 AM

    Google’s 4Q revenue up 15% but misses Wall St target

    Story by
    www.reuters.com

    Google Inc's revenue grew 15% in the fourth quarter but fell short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates.

     
  • Commodities, Featured and Exclusive, World Biz  |  JANUARY 30, 2015 8:45 AM

    Major oil companies cut spending to protect dividends

    Story by
    www.bloomberg.com

    The first major oil companies to report earnings amid the worst oil crash since 2009 all pledged to protect shareholder payouts even as they announced more than US$20 billion (RM70.6 billion) in spending cuts in a span of five hours.

     
  • World Biz  |  JANUARY 30, 2015 8:24 AM

    Visa reports better than expected results

    Story by
    www.reuters.com

    Visa Inc, the world's largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday as a strengthening US job market and cheaper gasoline prices encouraged people to spend.

     
  • Corporate  |  JANUARY 30, 2015 8:10 AM

    Syabas to implement deposit review effective July 31

    Story by
    www.bernama.com

    Syarikat Bekalan Air Selangor (Syabas) will implement the deposit review (KSD) effective July 31 this year involving domestic, commercial and industrial consumers.

     
  • Commodities  |  JANUARY 30, 2015 8:01 AM

    Gold falls 2% to a two-week low on Fed outlook

    Story by
    www.reuters.com

    Gold prices tumbled more than 2 percent to a two-week low on Thursday, while silver saw its biggest decline in 1-1/2 years after the Federal Reserve signaled it was still on track to lift US interest rates this year.

     
  • TigerTalk  |  JANUARY 30, 2015 8:00 AM

    Why hasn’t anyone stopped Liew Kee Sin?

    Story by
    [email protected]

    With various overlapping interests, Liew Kee Sin cuts a conflicted persona. Yet questions must also be asked as to who allowed him to get away with so many things in the first place.

     
  • Markets  |  JANUARY 30, 2015 7:54 AM

    Swiss franc weakens against euro and US dollar

    Story by
    www.reuters.com

    The Swiss franc dominated trade on major currency markets again on Thursday, weakening against both the euro and US dollar on renewed speculation of intervention by the Swiss National Bank, while commodity-based currencies fell against the greenback.

     
  • Commodities & Featured and Exclusive  |  JANUARY 30, 2015 7:40 AM

    Oil rises on short coverage but supply glut worries persist

    Story by
    www.reuters.com

    Global oil prices firmed slightly on Thursday but not before US crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high US oil inventories.

     
  • StockStalk  |  JANUARY 30, 2015 7:30 AM

    Maybank: An opportunity to buy?

    Story by
    [email protected]

    Over the past month, Maybank has seen its share price falls 53 sen or about 6% on the back of a tough sector outlook and concerns over its exposure to 1Malaysia Development Bhd’s debt. However analysts still see Maybank’s fundamentals as being strong. Is that an opportunity?

     
  • Featured and Exclusive & Markets  |  JANUARY 30, 2015 7:29 AM

    Wall St closes higher in the afternoon as oil gains

    Story by
    www.reuters.com

    US stocks enjoyed a late afternoon rally and closed higher on Thursday as an upturn in oil prices and a rally in Apple and Boeing shares helped offset some disappointing earnings and lingering questions over US monetary policy.

     
  • Commodities & World Biz  |  JANUARY 29, 2015 11:07 PM

    Norway set to repeat mistakes of last oil crash

    Story by
    www.reuters.com

    Norway's offshore energy sector may be repeating the mistakes of the last big oil slump, removing too much capacity too soon and leaving the industry unprepared for any eventual rebound, senior sector insiders said.

     
  • World Biz  |  JANUARY 29, 2015 10:49 PM

    Refiner Phillips 66 profits as oil drop lowers cost

    Story by
    www.bloomberg.com

    Phillips 66, the largest US refiner by market value, reported higher fourth-quarter earnings as the price of oil fell, reducing its cost to convert crude into fuels.

     
  • Economy & Featured and Exclusive  |  JANUARY 29, 2015 10:38 PM

    Germany reports 1st deflation since 2009

    Story by
    www.bloomberg.com

    Prices in Europe’s largest economy fell 0.5% from a year earlier, the Federal Statistics Office in Wiesbaden said today. That’s the lowest rate since September 2009. Economists predicted a drop of 0.2%.

     
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