Business

Buoyant mood

By ZARINA - Wednesday, 26 November 2014.

SONA Petroleum Bhd’s top executives will meet their counterparts from Salamander Energy Plc next week to save its nearly RM1 billion deal to buy the British firm’s oil and gas assets offshore Thailand.

Latest

Proton offers 20pc discount for car repairs of flood victims

Wednesday, November 26, 2014 - 12:43

KUALA LUMPUR: Proton Holdings Bhd will offer a 20 per cent discount to the total repair cost of customers who suffered damages to their cars due to flooding.

Oil prices extend losses ahead of OPEC meeting

Wednesday, November 26, 2014 - 12:38

SINGAPORE: Oil prices extended losses in Asia Wednesday as speculation swirls that the OPEC oil cartel will maintain output at this week's closely watched meeting despite a global supply glut.

Ringgit rises to strongest level in almost 2 weeks

Wednesday, November 26, 2014 - 12:33

Malaysia’s ringgit rose to the strongest level in almost two weeks as demand for the dollar waned after an unexpected drop in US consumer confidence.

Moody’s warns of risks from possible US rate hike

By RUPA DAMODARAN - Wednesday, November 26, 2014 - 12:26

KUALA LUMPUR: Moody’s Investors Service warned that any `disorderly’ market reaction to a possible US rate hike next year could pose a risk to Malaysia as well as Thailand and the Philippines.

KL shares improve mid-morning

Wednesday, November 26, 2014 - 12:05

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved at mid-morning today on continued buying demand for selected blue chips and key heavyweights.

KL shares opens slightly higher

Wednesday, November 26, 2014 - 11:12

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher in early trade today supported by some buying demand in selected blue-chips.

Ringgit opens higher against US dollar

Wednesday, November 26, 2014 - 11:08

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning on renewed buying interest, a dealer said.

Wall St ends little changed after mixed data batch

Wednesday, November 26, 2014 - 11:00

NEW YORK: US stocks ended little changed on Tuesday as the United States (US) economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.

IMF: Growth prospects still strong

By RUPA DAMODARAN - Wednesday, November 26, 2014 - 00:16

KUALA LUMPUR: The International Monetary Fund (IMF) said Malaysia’s growth prospects remain strong but structural reforms may be required to maintain the performance, especially against a backdrop of weaker growth in advanced economies.

RM12b in savings from managed float system

By KAMARUL YUNUSKUALA - Wednesday, November 26, 2014 - 00:11

Contraves bags £3.88m job from Boustead Naval

Wednesday, November 26, 2014 - 00:09

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s (BHIC) indirect subsidiary, Contraves Advanced Devices Sdn Bhd, has been awarded a £3.88 million (RM20.37 million) contract by Boustead Naval Shipyard Sdn Bhd to supply combat system equipment and related services.

CTOS, Fair Isaac seal credit score collaboration

Wednesday, November 26, 2014 - 00:08

KUALA LUMPUR: Malaysian credit-reporting agency, CTOS Data Systems, will collaborate with California-based Fair Isaac Corp (FICO) to roll out a FICO credit score to financial institutions early next year, according to a report by Wall Street Journal (WSJ) yesterday.

BIMB posts RM125m Q3 profit

Wednesday, November 26, 2014 - 00:07

KUALA LUMPUR: BIMB Holdings Bhd, which controls Bank Islam Malaysia Bhd, has posted a net profit of RM125.2 million in the third quarter ended September 30, up 66 per cent from RM75.4 million in the same quarter a year ago.

Oil steady around US$80

Wednesday, November 26, 2014 - 00:07

LONDON: Brent crude oil prices steadied around US$80 a barrel yesterday, ahead of a meeting of Opec oil producers to decide on production levels for next year.

KLTM closes unchanged

Wednesday, November 26, 2014 - 00:06

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged at US$20,200 a tonne yesterday, despite lower price of the metal on the London Metal Exchange, said a dealer.

Klibor futures end untraded

Wednesday, November 26, 2014 - 00:05

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday.