• World Biz  |  JANUARY 28, 2015 8:49 AM

    AT&T Q4 net loss slimmer than Wall St’s estimates

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    AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.

  • World Biz  |  JANUARY 28, 2015 8:33 AM

    Yahoo sets to spin off stake in Alibaba

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    Yahoo Inc plans to spin off its 15% stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly US$40 billion (RM144 billion).

  • Issues  |  JANUARY 28, 2015 8:00 AM

    Liew, a man of many conflicts

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    The resignation of Battersea redevelopment project chairman Liew Kee Sin comes close on the heels of a personal joint venture deal in London worth RM12 billion. Yet the conflict between the deal and his Battersea role is but one in a series of conflicts.

  • Commodities  |  JANUARY 28, 2015 7:57 AM

    Gold rises 1% ahead of Fed policy statement

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    Gold rose 1% on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a US Federal Reserve policy meeting that may push back expectations for when US interest rates will start to rise.

  • Finance & Markets  |  JANUARY 28, 2015 7:37 AM

    US dollar down on mixed US data ahead of Fed decision

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    The US dollar fell on Tuesday, with currency strategists pointing to a surprise drop in US durable goods orders that is feeding into speculation the Federal Reserve might hold off on raising interest rates for longer than had been expected.

  • StockStalk  |  JANUARY 28, 2015 7:30 AM

    TNB: Stars aligned, but for how long?

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    The current cheap fuel price environment is proving to be good times for state utility player Tenaga Nasional Berhad, but the question remain for how long. Yet the answer may lie in how long a horizon the investor has in mind.

  • Featured and Exclusive & Markets  |  JANUARY 28, 2015 7:25 AM

    US stocks fall more than 1%

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    US stocks closed more than 1% lower on Tuesday as disappointing results from a number of bellwether companies pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on sentiment.

  • Commodities & Featured and Exclusive  |  JANUARY 28, 2015 7:19 AM

    Oil jumps 3% on weaker dollar

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    Oil jumped as much as 3% on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big US supply build last week.

  • Corporate  |  JANUARY 27, 2015 11:29 PM

    WCPSS adopts product transparency, disclosure

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    The Asean Working Committee on Payment and Settlement Systems (WCPSS) today adopted the Principles of Product Transparency and Disclosure (Principles) to improve the level of transparency on charges and service level offered by financial institutions in the Asean region for cross-border trade settlement.

  • Corporate & Economy  |  JANUARY 27, 2015 11:23 PM

    Oil slump won’t hinder AEC take-off, says Mustapa

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    The global slump in oil prices will not have an adverse effect towards the realisation of the Asean Economic Community (AEC), International Trade and Industry Minister Mustapa Mohamed said.

  • Corporate  |  JANUARY 27, 2015 11:14 PM

    GHL Systems units team up with Global Payments

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    GHL Systems Bhd's wholly owned units, GHL Cardpay Sdn Bhd and GHL Epayments Sdn Bhd, have signed an agreement with Global Payments Card Processing Malaysia Sdn Bhd to be a payment facilitator (PF) and payment service provider (PSP).

  • Corporate  |  JANUARY 27, 2015 11:10 PM

    MAHB eyes 3% passenger traffic growth this year

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    Malaysia Airports Holdings Bhd (MAHB) expects the 2015 passenger traffic to record 85.8 million movements, a growth of 3% from 2014.

  • Economy & World Biz  |  JANUARY 27, 2015 10:59 PM

    Greek minister: Leave euro like Hotel California

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    Greece should have never joined the euro area, but now that it’s in, a departure would be like falling from a cliff, he said. “The last line in Hotel California explains where we are: you can check out any time, but you can never leave,” he told Bloomberg Radio in May 2012.

  • World Biz  |  JANUARY 27, 2015 10:24 PM

    Macau casino shares jump as industry revenue gains

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    Macau casino shares jumped in Hong Kong trading after gaming revenue in the world’s biggest gambling hub gained last week, which analysts took as a sign the industry may be out of its free-fall of late last year.

  • Enterprise  |  JANUARY 27, 2015 10:22 PM

    DFB to invest RM25 mil in rice husk fuel pellet plant

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    Diyou Future Biomass Sdn Bhd (DFB) is investing RM25 million to build a pioneer rice husk fuel pellet plant in Malaysia.

  • Corporate & Featured and Exclusive  |  JANUARY 27, 2015 10:15 PM

    MAHB new shares fixed at RM4.78

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    Malaysia Airport Holdings Bhd (MAHB) has fixed the issue price of 275.31 million new ordinary shares at RM4.78, a discount of approximately 28.8% to the theoretical ex-rights price of MAHB shares of RM6.71.

  • Enterprise  |  JANUARY 27, 2015 8:47 PM

    Orang Kampung targets RM30 mil from overseas sales

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    Traditional herbal drink manufacturer, Orang Kampung Holdings (M) Sdn Bhd, is targeting export sales of RM30 million this year.

  • Corporate  |  JANUARY 27, 2015 8:39 PM

    AmMetLife expects more M’sians to buy insurance

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    AmMetLife Insurance Bhd expects more Malaysians to buy insurance policies, said chief executive officer Ramzi Toubassy.

  • Corporate  |  JANUARY 27, 2015 8:35 PM

    88% working M’sians concern about retirement fund

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    According to HSBC's report, 'The Future of Retirement: A balancing act', 49% of them said debt repayment is preventing their preparation for a comfortable retirement.

  • Corporate  |  JANUARY 27, 2015 8:28 PM

    IGB REIT’s Q4 pre-tax profit slips to RM56.24 mil

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    IGB Real Estate Investment Trust (IGB REIT)'s pre-tax profit declined to RM56.24 million in the fourth quarter ended Dec 31,2014 from RM158.08 million recorded in the same period last year.