• Corporate & Featured and Exclusive  |  AUGUST 2, 2014 10:30 AM

    MAS braces itself while India celebrates

    Another week ends and readers with busy schedules would have missed some of our more interesting stories. Have you seen these news, analyses and comments? You won’t get them anywhere else: Pick 1 — It’s time to tap into an …

  • Markets  |  AUGUST 2, 2014 9:26 AM

    Global equities markets drops for a fourth day

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    Global equities markets dropped for a fourth day on Friday, with Wall Street again slumping as investors shrugged off economic data showing solid improvement in US labor markets. US Treasury debt prices rose, while the dollar moved lower. US stock trading was dogged by worries about …

  • Economy  |  AUGUST 2, 2014 8:14 AM

    US job growth cools, unemployment rate rises

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    US job growth slowed a bit in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. Nonfarm payrolls increased 209,000 last month after surging by 298,000 …

  • World Biz  |  AUGUST 1, 2014 11:28 PM

    Time Warner leaves deal door open after nixing Murdoch

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    Jeff Bewkes’s plan to keep Time Warner Inc. independent will probably only last so long. The US$73 billion (RM233 billion)owner of HBO, CNN and the Warner Bros. movie studio rejected a takeover bid from Rupert Murdoch’s 21st Century Fox Inc. …

  • World Biz  |  AUGUST 1, 2014 11:02 PM

    VW says Macht leaves production cost amid savings effort

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    Volkswagen AG, Europe’s biggest carmaker, said Michael Macht is stepping down as its head of production amid the manufacturer’s effort to increase profitability at its namesake brand. Macht, 53, is leaving the management-board post immediately on mutual agreement, and will …

  • World Biz  |  AUGUST 1, 2014 10:02 PM

    Suzuki net profits jumps 38.8% to RM1.2 bil

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    Suzuki Motor Corp on Friday said its net profit rose 38.8% from a year earlier to 37.5 billion yen (RM1.2 billion) in the April to June quarter due in part to Japan's corporate tax cut.

  • World Biz  |  AUGUST 1, 2014 9:22 PM

    India to raise RM4.8 bil from airwave auction

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    India plans to hold an auction of airwaves for mobile phone network operators in February next year and aims to raise an initial US$1.5 billion (RM4.8 billion), according to a draft government plan seen by Reuters.

  • Corporate & World Biz  |  AUGUST 1, 2014 8:50 PM

    P&G 4Q profits soars by 37% to RM8.4 bil

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    Procter & Gamble Co, the world's largest household products maker, reported a 37% rise in quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business.

  • Corporate  |  AUGUST 1, 2014 8:46 PM

    Econpile gets RM23 mil contract from I-Marcom

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    Econpile Holdings Bhd’s wholly-owned subsidiary, Econpile (M) Sdn Bhd, has received a Letter of Award (LOA) from I-Marcom Sdn Bhd for a RM23 million contract. In a filing to Bursa Malaysia today, Econpile said the contract comprises earthworks, piling, contiguous …

  • World Biz  |  AUGUST 1, 2014 8:33 PM

    Hyundai recalls in US reach 1.3 mil in same week

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    South Korea’s Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to US safety regulators. No injuries or accidents have been reported in …

  • World Biz  |  AUGUST 1, 2014 8:24 PM

    Adidas shares chalk up fresh falls

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    Shares in German sports goods maker Adidas tumbled more than 5% Friday, one day after sharp falls linked to the group’s profit warning. Adidas shares fell more than 15% in Frankfurt trading on Thursday after the World Cup sponsor said …

  • Corporate, Economy, Featured and Exclusive  |  AUGUST 1, 2014 8:16 PM

    The Big Mac index and the ringgit’s recent gains

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    The ringgit appreciated against major currencies over July but is still 50% undervalued against the US dollar, says The Economist’s quirky Big Mac Index

  • World Biz  |  AUGUST 1, 2014 8:13 PM

    Citigroup cuts Russia assets as sanctions threaten franchise

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    Citigroup Inc., the US bank with the most branches in Russia, again cut its exposure to the nation amid sanctions intended to end the unrest in Ukraine. Total exposure fell 5.3% to US$8.9 billion (RM28.5 billion) in the three months …

  • World Biz  |  AUGUST 1, 2014 8:11 PM

    Iberia turnaround lifts IAG’s 2Q results

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    British Airways owner International Airlines Group reported a 55% rise in second-quarter profit driven by a recovery at Spanish airline Iberia and signalled its confidence in the carrier with plans to renew its long-haul fleet.

  • World Biz  |  AUGUST 1, 2014 8:06 PM

    Samsung market value slumps RM48 bil

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    Samsung Electronics Co. slumped a second day in Seoul, pushing the loss of market value for the world’s biggest smartphone maker to US$15 billion (RM48 billion) since posting its smallest profit in two years. The stock has dropped 7.4%, wiping …

  • World Biz  |  AUGUST 1, 2014 8:01 PM

    Fiat says ciao to Italy as merger with Chrysler ends era

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    Fiat SpA, Italy’s largest manufacturer and a symbol of the country’s struggle to adapt to globalization, is leaving home after 115 years. The controlling Agnelli family and other investors are meeting today in Turin for the last time to seal …

  • World Biz  |  AUGUST 1, 2014 7:41 PM

    P&G’s profit exceeds estimates on cost reductions

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    Procter & Gamble Co., the world’s largest consumer-products maker, reported fourth-quarter profit that beat analysts’ estimates, helped by cost reductions and an increase in razor prices. Profit, excluding some items such as restructuring expenses, was 95 cents a share, the …

  • Commodities  |  AUGUST 1, 2014 7:37 PM

    CPO futures closes higher

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    Crude palm oil futures prices on Bursa Malaysia Derivatives closed higher today on short-covering and the weakening of the ringgit, a dealer said. “The expectation of lower production and inventories also helped boost the demand for the commodity as well …

  • Corporate  |  AUGUST 1, 2014 7:23 PM

    REDtone sells Chinese telco subsidiary for RM14 mil

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    REDtone International Bhd's indirect unit, REDtone Telecommunications China Ltd, has disposed of a Chinese subsidiary for 28 million yuan (about RM14 million).

  • Corporate  |  AUGUST 1, 2014 6:05 PM

    REDtone results off-colour, says Kenanga

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    [email protected]

    Kenanga Research re-rated REDtone International Bhd to Neutral from Buy, lowering their target price to 77 sen from a previous 77.5 sen. This downgrade arrives on the back of REDtone’s full year results only meeting 89% of the research house’s …