• World Biz  |  JULY 30, 2014 2:49 PM

    Hyundai Motor Co unions vow to strike in August over wages

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    Labor unions at Hyundai Motor Co and its 14 affiliates vowed to go on strike next month unless the companies meet their wage demands. Workers at South Korea’s largest automaker and affiliated companies including Kia Motors Corp and Hyundai Mobis …

  • Finance  |  JULY 30, 2014 2:40 PM

    Standar Chartered says 2014 good year for sukuk

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    Standard Chartered Saadiq, the Islamic banking unit of Standard Chartered Bank Malaysia, expects 2014 to be good for the Malaysian sukuk industry, driven by the strength of the economy.

  • World Biz  |  JULY 30, 2014 2:27 PM

    Airbus profit rises as European planemaker delivers more Jets

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    Earnings before interest, tax and one-time items rose to 1.77 billion euros (RM7.54 billion) from 1.61 billion euros a year earlier, the Toulouse, France-based company said in an e- mailed statement. Airbus reiterated a target of “moderate return on sales …

  • Corporate, Featured and Exclusive, World Biz  |  JULY 30, 2014 2:19 PM

    China probes Microsoft for monopoly practises

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    A Chinese regulator is conducting an anti-monopoly investigation into Microsoft Corp over its Windows operating system, in the latest of a growing number of competition probes that have unnerved Western firms in China.

  • World Biz  |  JULY 30, 2014 2:16 PM

    Peugeot reports 1st profit in 3 years on spending cuts

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    PSA Peugeot Citroen, Europe’s second-largest carmaker, reported better-than-expected profit in the first half as cost cuts and new models helped it return to the black after three years of losses. Operating income before one-time gains and charges amounted to 477 …

  • Corporate  |  JULY 30, 2014 2:14 PM

    Outsourcing industry sees 27% revenue jump

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    The Malaysian outsourcing industry saw a 27% increase in overall revenue in FY13 to RM1.6 billion compared to RM1.3 billion from overseas outsourcing opportunities and projects in FY12, Outsourcing Malaysia said in a statement today. Outsourcing Malaysia (OM) is an …

  • Commodities  |  JULY 30, 2014 1:49 PM

    KLTM closes higher at US$22,850 a tonne

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    The Kuala Lumpur Tin Market (KLTM) closed US$570 firmer for US$22,850 a tonne today, in sync with the uptrend seen in the metal price on the London Metal Exchange (LME), a dealer said.

  • Corporate & Economy  |  JULY 30, 2014 1:46 PM

    Singapore to match any Malaysian causeway toll hike

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    Singapore has said that it will match any new toll charge or hike Malaysia sets, as the tit-for-tat over toll and vehicle entry fees continue.

  • Corporate  |  JULY 30, 2014 1:38 PM

    CIMB downgrades Malaysian banks

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    [email protected]

    CIMB Research has downgrade Malaysian banks from ‘neutral’ to ‘underweight’ due to intensified competition for deposits, lethargic business loan growth, rising capital requirements, a new ruling on Islamic deposits and unattractive valuations. In a report dated July 29th, the research …

  • Markets  |  JULY 30, 2014 1:26 PM

    KL shares slightly lower at mid-day

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    Share prices on Bursa Malaysia turned slightly lower at mid-day today in active trading, with interest seen in selected heavyweights and penny stocks.

  • World Biz  |  JULY 30, 2014 12:18 PM

    Twitter stock surges as CEO makes case for future growth

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    Twitter Inc chief executive officer Dick Costolo is getting the company back on track with Wall Street by drawing people to use the service more, sending shares soaring more than 35%. The microblogging company yesterday reported revenue more than doubled …

  • World Biz  |  JULY 30, 2014 12:04 PM

    Honda raises profit forecast on Yen, emerging markets

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    Honda Motor Co, Japan’s third- largest carmaker, raised its profit forecast to the highest in seven years as the yen weakens and new models boost sales in emerging markets. Net income will probably climb 4.5% to 600 billion yen (RM18.6 …

  • World Biz  |  JULY 30, 2014 11:43 AM

    McDonald’s Japan pulls profit forecast; supplier scandal

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    McDonald’s Corp’s Japan business withdrew its forecast for the first profit increase since 2011 after suspending sales of chicken nuggets supplied by a company that acknowledged food safety problems at its Shanghai plant. “We are losing 15% to 20% of …

  • Markets & World Biz  |  JULY 30, 2014 11:26 AM

    JPMorgan says don’t fight the PBOC

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    That’s the advice to investors from Adrian Mowat, the Hong Kong-based chief Asia and emerging-market strategist at JPMorgan Chase & Co who raised his rating on Chinese stocks to neutral from underweight in a report dated yesterday. He said shares …

  • Markets & World Biz  |  JULY 30, 2014 11:16 AM

    OCBC shares climb as Wing Hang takeover succeeds

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    Oversea-Chinese Banking Corp shares climbed the most in three months as it prepares to take Hong Kong’s Wing Hang Bank Ltd private after shareholders accepted its US$5 billion(RM15.8 billion) takeover offer. OCBC will delist Wing Hang after raising its ownership …

  • World Biz  |  JULY 30, 2014 10:54 AM

    Ford deploys iPhones for corporate use

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    Ford Motor Co is deploying iPhones for corporate use to employees worldwide, scoring a win for Apple Inc as it seeks to lure more corporate customers. The second largest US automaker will replace BlackBerry Ltd’s smartphones with iPhones for about …

  • World Biz  |  JULY 30, 2014 10:41 AM

    Toyota outsells VW; rising demand for SUVs

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    Toyota Motor Corp kept its global sales lead over Volkswagen AG as the RAV4 maker benefited from Americans’ rising demand for SUVs. Deliveries for Toyota, including its Hino Motors Ltd  and Daihatsu Motor Co units, climbed 3.8% to 5.1 million …

  • Markets  |  JULY 30, 2014 10:02 AM

    Ringgit opens easier against US dollar after Aidilfitri

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    The ringgit began the week easier against the rejuvenated US dollar in early trading today, a currency trader said.

  • Markets  |  JULY 30, 2014 9:56 AM

    Shares on Bursa open higher on improved sentiment

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    Share prices on Bursa Malaysia opened higher, in early session today, on improved buying sentiment in the local market.

  • Markets  |  JULY 30, 2014 7:39 AM

    Dollar gains on outlook for hawkish Fed, strong US data

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    The US dollar hit fresh eight-month highs against the euro on Tuesday and advanced against the yen and Swiss franc on expectations for positive US economic data and a potentially more hawkish tone from the Federal Reserve. Analysts said the Fed, which is …