LONDON: Gold hit its highest in a week yesterday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a United States Federal Reserve policy meeting and important US data later this week.
“The likelihood of a supply disruption remains extremely low as the ability of other regions to respond, particularly the United States energy sector, remains high,” analysts at Goldman Sachs led by Jeffrey Currie said in a note.
JAPAN’S Sony Corp is hammering out plans to rise from the ashes of nearly US$10 billion (RM31.75 billion) lost in six years by building a future around its last consumer electronics blockbuster — the PlayStation.
HONG KONG: China’s Huawei Technologies Co Ltd said smartphone shipments in the first half rose 62 per cent year-on-year, as it targets the more expensive smartphone sector dominated by Samsung Electronics Co Ltd and Apple Inc.
SHANGHAI: A Chinese probe into Microsoft is probably targeting its “monopoly” of the country’s operating systems market, state media said yesterday, after the United States software giant became the latest foreign firm under Beijing’s scrutiny.
More travellers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace.
ARGENTINA has fought in court for a dozen years against the claims of holdout investors in its defaulted debt, and Argentina has lost.
TOULOUSE: Airbus Group NV terminated an order for six A380s from Skymark Airlines Inc, in a blow to the manufacturer as it seeks to break Boeing Co’s dominance in Japan and tries to rekindle demand for the superjumbo.
AERIAL Power Lines Sdn Bhd (APL), a wholly-owned subsidiary of Sarawak Cable Bhd is set to venture into the untapped market segment of the aerial power line operations following the delivery of two Airbus Helicopters’ rotocraft, namely AS350 B3e and EC135 T2e recently.
BUENOS AIRES/NEW YORK: Argentina will meet the United States mediator in its battle with “holdout” debt investors suing the country for last-minute talks to avert a second default this century, but hopes for a deal are fading fast.
THE Indian sky has been “painted red” at last, after over a year of waiting with the official launch of Asia’s largest budget carrier, AirAsia Group’s sixth affiliate AirAsia India Pte Ltd last week.
TOKYO: Nissan Motor Co benefited from higher earnings in China, the world’s largest car market, as the maker of Altima sedans delivered profits that beat analyst estimates.
HONDA Motor Co, Japan’s third-largest carmaker, raised its profit forecast to the highest in seven years after adjusting for a weaker yen and new models boost emerging markets.
NEW YORK: Virgin America Inc, the low-cost airline partly owned by Richard Branson, filed for an initial public offering of shares as it looks to expand in the recovering United States (US) airline market.
A “One Northern Hub” project to make Malaysia the next Asean logistics hub is under discussion, with auto logistics firm PKT Logistics Group Sdn Bhd driving the initiative.
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