Business

Revving up growth

By ZAIDI ISHAM ISMAIL - Tuesday, 29 July 2014.

AUTOMOTIVE INDUSTRY: Production and sales of new vehicles have expanded amid challenges

Latest

Maybank rates UMW Holdings a 'buy'

Wednesday, July 30, 2014 - 15:00

KUALA LUMPUR: Maybank Research rates UMW Holdings Bhd (UMWH) a 'buy' on news to rationalise non-core manufacturing and engineering (M&E) assets in India.

CIMB calls to ‘underweight’ on Malaysian banks

Wednesday, July 30, 2014 - 14:48

KUALA LUMPUR: CIMB Daybreak says to 'underweight' on Malaysian banks given new threats to earnings growth, despite interest rates hike.

KL shares lower at midday

Wednesday, July 30, 2014 - 14:24

KUALA LUMPUR: Share prices on Bursa Malaysia turned slightly lower at midday today in active trading, with interest seen in selected heavyweights and penny stocks.

Asia: Marts higher as earnings season starts

Tuesday, July 29, 2014 - 23:07

HONG KONG: Asian markets extended their gains yesterday following a mixed lead from Wall Street as investors await the release of key United States data later in the week.

Europe: Equities edge up

Tuesday, July 29, 2014 - 23:05

LONDON: Europe’s stock markets edged higher yesterday in subdued deals, as traders eyed the prospect of more European Union (EU) sanctions on Russia over the Ukraine crisis.

Hong Kong: Up for sixth straight

Tuesday, July 29, 2014 - 23:03

STOCKS climbed for a sixth straight session yesterday, adding 0.87 per cent ahead of the release of key United States data and US Fed policy meeting this week.

SGX: Index advances 0.18pc

Tuesday, July 29, 2014 - 23:02

THE Straits Times Index ended 5.91 points, or 0.18 per cent, higher to 3,356.08 points yesterday.

Putrajaya to have more hotels in next two years

Tuesday, July 29, 2014 - 22:54

PUTRAJAYA will see the unveiling of more hotels over the next two years, raising fears among the existing operators who are scrambling for business with 1,267 rooms available currently.

Siemens Malaysia eyes 10pc revenue growth

Tuesday, July 29, 2014 - 22:52

President and chief executive officer M. Prakash Chandran said Siemens has four core business portfolios, namely energy, infrastructure and cities, healthcare and industry.

Kleven bags deal to build vessel

Tuesday, July 29, 2014 - 22:51

Under the agreement, the Norwegian yard group is to build a multi-purpose support vessel (MPSV) for Labuan-based joint-venture company, IES Pioneer Ltd.

PIDM aims to enhance public awareness

Tuesday, July 29, 2014 - 22:49

KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) aims to increase the level of public awareness about its activities.

Goldman: China growth must slow below 7pc

Tuesday, July 29, 2014 - 22:47

CHINA should allow economic growth to slow to below seven per cent to reduce reliance on investment spending, according to Goldman Sachs Group Inc’s Ha Jiming.

China oil demand strength masks diesel weakness

Tuesday, July 29, 2014 - 22:47

LAUNCESTON: China’s refineries produced the most fuel on record in June and oil consumption reached the highest in 17 months, but there are still doubts as to the true strength of demand.

BP Q2 profit soars 65pc to US$3.37b

Tuesday, July 29, 2014 - 22:47

Hits highest in a week

Tuesday, July 29, 2014 - 22:46

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.

Steadies on supply

Tuesday, July 29, 2014 - 22:45

“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.