NEW YORK: It might be a blue Christmas for Amazon.
THE eurozone’s 130 biggest banks received the European Central Bank’s (ECB) final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health of the region’s banking sector.
WASHINGTON: Quantitative easing (QE) may turn out to be a gift that keeps on giving for the United States economy.
LONDON: Global regulators have written the first global capital rule for insurers, marking a key milestone in efforts to reinforce supervision of the sector.
NEW YORK: Pfizer Inc announced on Thursday it will buy US$11 billion (RM35.9 billion) of its shares after walking away from a deal to acquire AstraZeneca Plc earlier this year.
SAN FRANCISCO: Microsoft on Thursday reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet “cloud” services for enterprises.
AUSTRALIA’S economy could be entering a period of growth that is not too hot and not too cold thanks to strength in exports and housing, with inflation likely to be well contained within the central bank’s target band.
KUALA LUMPUR: After three years of serving Devil Curry to patrons, here, eatery co-owner Cheryl Victor plans to raise as much as RM1 million via equity crowdfunding to spread her mother’s specialty overseas.
YANGON: Myanmar’s licensing of foreign banks brings it a step closer to an initial sovereign bond sale to help fund US$80 billion (RM262.4 billion) of power, transport and technology projects through 2030, according to the Asian Development Bank (ADB).
SINGAPORE: Singapore, the world’s biggest bunkering port, plans to end the so-called “cappucino effect” in ship fuelling through new meters designed to stop suppliers from short-changing customers, although the industry is warning of a short-term sales dip.
AFTER 11 days of straight-line falls, the FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded in earnest over three of the four trading days last week.
KUALA LUMPUR: Perbadanan Kemajuan Negeri Perak’s (PKNP) plan to privatise Perak Corp Bhd has hit a snag following opposition from Sime Darby Property Bhd.
CIMB Group Holdings Bhd’s credit card division is confident of maintaining double-digit growth in market share.
AMRESEARCH Sdn Bhd expects Kulim (Malaysia) Bhd’s earnings to drop by almost 40 per cent over the long-term due to the loss of contribution from New Britain Palm Oil Ltd (NBPOL).
HUA Yang Bhd’s full-year new sales target of RM500 million to RM600 million looks achievable with more projects to be launched in the second half of its financial year ending 2015, RHB Research said.
PUBLIC Bank Bhd had a stellar third quarter after chalking up 13.8 per cent higher net profit year-on-year of RM1.19 billion, Hong Leong Investment Bank Bhd’s (HLIB) research unit said.
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