Business

US targets over US$500m investments in Malaysia

By RUPA DAMODARAN - Wednesday, 6 May 2015.

KUALA LUMPUR: US businesses are targeting more than US$500 million in new investments to come into Malaysia over the next three to five years says the US-ASEAN Business Council.

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Oil bulls drive crude to 2015 high on fall of US stocks

Wednesday, May 6, 2015 - 17:50

LONDON: Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East.

F&N working on new energy drink to replace Red Bull

Wednesday, May 6, 2015 - 15:22

KUALA LUMPUR: Fraser & Neave Holdings Bhd is working on a new product to replace its energy drink Red Bull after the exclusive rights to distribute Red Bull expires on Sept 30, 2015.

AUVSI: Horizon unveils the world’s first hydrogen powered, 4H- endurance multi-rotor UAV

Wednesday, May 6, 2015 - 14:41

ATLANTA: Singaporean company Horizon Unmanned Systems (HUS) unveils HYCOPTER, the world’s first hydrogen fuel cell powered multi-rotor UAV.

US targets over US$500m investments in Malaysia

By RUPA DAMODARAN - Wednesday, May 6, 2015 - 12:38

KUALA LUMPUR: US businesses are targeting more than US$500 million in new investments to come into Malaysia over the next three to five years says the US-ASEAN Business Council.

Malaysians capitalising on London’s property investment

Wednesday, May 6, 2015 - 12:01

KUALA LUMPUR: Malaysia is among the countries that is capitalising the lucrative and transparent real estate market in London, United Kingdom.

Klibor futures untraded

Wednesday, May 6, 2015 - 10:09

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded at 9.45 am.

KLCI futures opens lower

Wednesday, May 6, 2015 - 10:08

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives opened lower this morning.

Short-term rates to remain stable

Wednesday, May 6, 2015 - 10:07

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia (BNM)’s intervention to absorb excess liquidity from the financial system.

Ringgit opens higher against US Dollar on renewed buying interest

Wednesday, May 6, 2015 - 10:05

KUALA LUMPUR: The ringgit rebounded from yesterday’s losses to open higher against the US dollar today on renewed buying interest, a dealer said.

FTSE Bursa Malaysia update

Wednesday, May 6, 2015 - 09:44

KUALA LUMPUR: At 9.30 a.m. today, there were 153 gainers, 176 losers and 208 counters traded unchanged on the Bursa Malaysia.

FBM KLCI opens lower

Wednesday, May 6, 2015 - 09:37

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower in line with the weaker performance on Wall Street overnight.

BG chief welcomes US$70b Shell offer with ‘mixed emotions’

Tuesday, May 5, 2015 - 21:30

LONDON: BG Chief Executive Helge Lund on Tuesday welcomed with “mixed emotions” Royal Dutch Shell’s $70 billion takeover bid, which came only two months after he took office.

UBS’s profit almost doubles on leaner investment bank

Tuesday, May 5, 2015 - 21:27

ZURICH: Switzerland’s UBS reported its biggest quarterly profit in nearly five years on Tuesday, justifying the bank’s decision to refocus on wealth management and slim down its investment bank.

US trade deficit largest since 2008 as imports surge

Tuesday, May 5, 2015 - 21:13

WASHINGTON: The U.S. trade deficit surged to its highest level in nearly 6-1/2 years in March as imports rebounded strongly after being held down by a labor dispute at key West Coast ports, suggesting growth contracted in the first quarter.

EU competition watchdog eyes McDonald’s over taxes

Tuesday, May 5, 2015 - 21:01

BRUSSELS: — The European Union’s competition watchdog has U.S. fast-food giant McDonald’s in its sights.

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