• World Biz  |  OCTOBER 31, 2014 10:00 PM

    American Realty ex-CFO forfeits RM115.1mil after error

    Story by

    Brian Block, the former chief financial officer (CFO) of American Realty Capital Properties Inc who resigned after the company found errors in its financial statements, is leaving behind a pay package worth US$35 million (RM115.1 million).

  • World Biz  |  OCTOBER 31, 2014 9:46 PM

    BNP Paribas to join ECB’s targeted loan programme

    Story by

    BNP Paribas SA, France’s largest bank, plans to borrow from the European Central Bank (ECB) through its programme of targeted long-term loans, said chief financial officer Lars Machenil.

  • World Biz  |  OCTOBER 31, 2014 9:37 PM

    Exxon Mobil Q3 profit rises to RM26.5bil

    Story by

    Exxon Mobil Corp said profit unexpectedly rose as lower crude prices boosted its income from making gasoline.

  • World Biz  |  OCTOBER 31, 2014 9:30 PM

    Mercedes buys 25% of MV Agusta

    Story by

    Mercedes-Benz is buying 25% of Italy’s MV Agusta Motor SpA as it follows luxury car competitor Audi AG into the motorcycle market.

  • World Biz  |  OCTOBER 31, 2014 9:23 PM

    Chevron Q3 profit rises to RM18.4bil

    Story by

    Chevron Corp raised third quarter profit for the first time in three years as refining oil into fuels buoyed returns amid the worst crude market of the decade.

  • Economy  |  OCTOBER 31, 2014 9:15 PM

    US consumer spending drops 0.2%

    Story by

    Consumer spending in the US unexpectedly dropped in September as incomes rose at the slowest pace of the year, indicating the economy will have difficulty sustaining a pickup in growth into the end of the year.

  • Corporate  |  OCTOBER 31, 2014 8:57 PM

    TNB to proceed with Track 4A power plant

    Story by

    Tenaga Nasional Bhd (TNB) will proceed with the Track 4A power plant at Pasir Gudang and expects to finalise the project cost with the engineering, procurement, and construction contractors (EPCC) by early next month, president and chief executive officer Azman Mohd said.

  • Events  |  OCTOBER 31, 2014 8:44 PM

    China inks 59 pacts with 18 countries, regions

    Story by

    China and 18 countries and regions along the Maritime Silk Road, including Malaysia, today signed 59 agreements worth 13.774 billion yuan (RM7.4 billion).

  • Economy  |  OCTOBER 31, 2014 8:32 PM

    Govt has 2 choices on falling crude oil prices

    Story by

    The government has two choices to implement if the global crude oil price continues to show a downtrend, said Deputy Finance Minister Ahmad Maslan.

  • Markets  |  OCTOBER 31, 2014 8:18 PM

    Ringgit to trade cautiously against US$ next week

    Story by

    The ringgit is likely to trade between 3.26 and 3.27 against the US dollar next week driven by overall sentiment surrounding the greenback, dealers said.

  • Corporate  |  OCTOBER 31, 2014 8:12 PM

    Maybank targets online trade financing for SME exporters

    Story by

    Maybank aims to facilitate about RM5 billion in trade financing for Malaysian-based small medium enterprise (SME) exporters in the next three years.

  • Corporate  |  OCTOBER 31, 2014 7:56 PM

    EPF appeals for right to vote on mega-bank merger

    Story by

    Malaysia's state pension Employees Provident Fund (EPF) has appealed after its bid to vote on the merger of CIMB Group Holdings with two smaller lenders was rejected.

  • World Biz  |  OCTOBER 31, 2014 7:49 PM

    BA owner confident on growth as rivals falter

    Story by

    The owner of British Airways and Iberia raised its forecast for profits this year, said it was on course for another rise in 2015, despite an increasingly competitive backdrop that has hit rival European airlines.

  • World Biz  |  OCTOBER 31, 2014 7:35 PM

    Panasonic lifts profit forecast by 25%

    Story by

    Panasonic Corp on Friday raised its net profit forecast by 25% to 175 billion yen (RM5.3 billion) for the current financial year thanks to a restructuring effort and robust sales in its solar power business.

  • Economy  |  OCTOBER 31, 2014 7:29 PM

    Eurozone inflation for October at 0.4%

    Story by

    Annual inflation in the eurozone edged higher in October, to 0.4%, data released Friday showed.

  • World Biz  |  OCTOBER 31, 2014 7:25 PM

    JAL Q3 profit up 3% on lower fuel prices

    Story by

    Japan Airlines Co (JAL) on Friday revised up its net profit forecast by 20 billion yen (RM603.11 million) to 135 billion yen for the current financial year, due to declining fuel prices and cost-cutting measures.

  • Economy  |  OCTOBER 31, 2014 7:18 PM

    Eurozone unemployment stuck at 11.5% for 4th month

    Story by

    Unemployment in the eurozone remained unchanged at 11.5% for a fourth consecutive month in September, according to data released Friday, despite efforts to bring the figure down.

  • World Biz  |  OCTOBER 31, 2014 7:10 PM

    Finnair’s Q3 profit drops 38%

    Story by

    Finnair's third quarter net profit fell 38% on weaker earnings from its passenger and cargo operations, the Finnish airline reported Friday.

  • Corporate & Featured and Exclusive  |  OCTOBER 31, 2014 7:02 PM

    TNB earnings rise by a fifth as capex hits all-time high

    Story by
    [email protected]

    TNB saw its full-year net profits rise by a fifth in the financial year ended Aug 31 this year, mainly driven by lower taxes and write-backs for its subsidiaries, as its capex bill for the year hit a record high.

  • Economy  |  OCTOBER 31, 2014 7:02 PM

    BNM: Broad money (M3) grows 5.2% in September

    Story by

    On an annual basis, broad money (M3) grew by 5.2% in September, said Bank Negara Malaysia (BNM) today.