• World Biz  |  AUGUST 29, 2014 10:59 AM

    IBM, Ford win dismissal in US of claims they aided apartheid

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    International Business Machines Corp and Ford Motor Co won dismissal of a lawsuit claiming the aided South Africa’s apartheid regime, with a judge saying they couldn’t be sued in the US over actions of their units overseas. That victims of …

  • Markets  |  AUGUST 29, 2014 10:50 AM

    KL shares lower on lack of fresh leads

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    Share prices on Bursa Malaysia opened higher but eased thereafter on lack of fresh leads, dealers said.

  • Featured and Exclusive & World Biz  |  AUGUST 29, 2014 10:44 AM

    Virgin Australia’s FY14 net loss triples to RM1.1 bil

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    Virgin Australia reported a net loss for the year to end-June was A$355.6 million (RM1.1 billion), compared with A$98.1 million net loss for the previous year.

  • Markets  |  AUGUST 29, 2014 10:15 AM

    Ringgit opens higher against US dollar

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    The ringgit opened higher against the US dollar today on improved demand for the local unit.

  • Corporate  |  AUGUST 29, 2014 10:08 AM

    MAS shares suspended pending announcement

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    Shares in Malaysia Airlines (MAS) will be suspended on Friday ahead of a material announcement.

  • StockStalk  |  AUGUST 29, 2014 8:00 AM

    Guinness Anchor: Can it find top-line growth?

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    Guinness Anchor Berhad's stellar run of 12 consecutive years of net profit growth has come to an halt as at end FY14. With revenue also falling, GAB biggest challenge in FY15 is to increase top-line growth - can they do it?

  • Commodities  |  AUGUST 29, 2014 7:56 AM

    Brent falls, US crude rises as global demand seen weak

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    Brent crude oil fell and UScrude rose as ample global supply and lackluster demand pressured the global benchmark while positive US economic data supported oil prices in the world’s largest oil consumer. US gross domestic product expanded at a 4.2% annual rate instead …

  • Markets  |  AUGUST 29, 2014 7:52 AM

    Wall St loses ground on Ukraine worry

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    US stocks edged lower on Thursday after the latest tension between Ukraine and Russia snapped the focus of investors back to the volatile region, but US economic data helped curb losses. Worries over tension abroad had largely receded from Wall Street, with major indexes …

  • Markets  |  AUGUST 29, 2014 7:46 AM

    Yen firms on Ukraine tensions, euro braces for inflation test

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    The safe-haven yen held firm early on Friday, while the euro was on track to post its second straight month of declines as tensions between Ukraine and Russia flared up again. Ukraine’s president said Russian troops had entered his country in support of pro-Moscow …

  • World Biz  |  AUGUST 28, 2014 11:06 PM

    Ford begins production of 6th generation Mustang

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    Ford Motor Co. begins building the sixth generation of its 50-year-old Mustang sports car today at a Michigan plant that will export it to more than 120 countries. For the first time, a right-hand-drive version will be made, for sale …

  • Corporate  |  AUGUST 28, 2014 10:58 PM

    YPF, Petronas sign JV to develop Vaca Muerta shale

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    YPF SA and Petroliam Nasional Bhd., state-controlled companies from Argentina and Malaysia, signed a US$550 million accord to develop shale oil at the world’s fourth- largest deposit in Vaca Muerta. Miguel Galuccio and Shamsul Azhar Abbas, chief executive officers for …

  • Corporate  |  AUGUST 28, 2014 10:49 PM

    PJ Development posts higher pre-tax profit of RM266.6 mil

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    PJ Development Holdings Bhd’s pre-tax profit for the financial year ended June 30, 2014 (FY14) jumped to RM266.57 million from RM80.2 million recorded in the previous financial year. Revenue rose to RM1.17 billion from RM826.99 million previously, the company said …

  • Corporate  |  AUGUST 28, 2014 10:31 PM

    Tropicana 2Q pre-tax profit rises to RM120.98 mil

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    Tropicana Corp Bhd’s pre-tax profit for the second quarter ended June 30, 2014 increased to RM120.98 million from RM62.34 million in the same quarter last year. Revenue grew to RM355.88 million from RM362.13 million previously, the company said in a …

  • Corporate  |  AUGUST 28, 2014 9:02 PM

    Eversendai posts lower 2Q revenue, pre-tax profit

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    Eversendai Corporation Bhd posts a lower revenue of RM222.54 million for the second quarter ended June 30, 2014 compared with RM247.5 million in the corresponding period last year. Pre-tax profit dropped to RM6.78 million from RM16.62 million previously. The decrease …

  • Issues  |  AUGUST 28, 2014 9:00 PM

    The lucrative business that is defence spending

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    In the previous part of this series, KiniBiz looked at some upcoming defence contracts. In this part, KiniBiz explores those contracts with local partners and ponders this question: Should third-party contractors be involved at all?

  • Corporate  |  AUGUST 28, 2014 8:58 PM

    China Stationery post 2Q pre-tax profit of RM232.4 mil

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    China Stationery Ltd posted a pre-tax loss of RM232.44 million in its second quarter ended June 30, 2014 compared with a pre-tax profit of RM85.72 million in the same period last year. Revenue fell to RM63.49 million for the quarter …

  • Corporate  |  AUGUST 28, 2014 8:44 PM

    Mother of all restructurings to be unveiled tomorrow

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    Khazanah Nasional Bhd will unveil, tomorrow, its plan for the wholesale overhaul of ailing Malaysia Airlines (MAS) which analysts have rightly billed as the ‘Mother of Restructurings’. Corporate Malaysia has gone through restructurings of all shapes and sizes in the past …

  • Corporate  |  AUGUST 28, 2014 8:29 PM

    IHH Healthcare’s 2Q pre-tax profit rises to RM343.3 mil

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    IHH Healthcare Bhd’s pre-tax profit for the second quarter ended June 30, 2014 surged to RM343.32 million from RM208.14 million in the corresponding period last year. Revenue rose 11% to RM1.87 billion from RM1.68 billion previously, the company said in …

  • Corporate  |  AUGUST 28, 2014 8:25 PM

    Genting M’sia posts pre-tax profit of RM318.7 mil in 2Q

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    Genting Malaysia Bhd reported a lower pre-tax profit of RM318.733 million for the second quarter ended June 30, 2014, from a pre-tax profit of RM569.97 million in the same period last year. Revenue was down to RM1.91 billion from RM2.22 billion …

  • Corporate  |  AUGUST 28, 2014 8:08 PM

    Allianz M’sia pre-tax profit rises to RM211.5 mil

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    Allianz Malaysia Bhd Group’s pre-tax profit for the first six months ended June 30, 2014 rose by 23%  to RM211.5 million from RM171.9 million in the same perid last year. In a statement today, the group said gross written premium (GWP) …