Go-ahead for cash call


ISTANBUL AIRPORT BUY: MAHB major shareholders agree to rights issue to fund RM1.18b acquisition, sources say


Christmas blues for Amazon?

Friday, October 24, 2014 - 23:56

NEW YORK: It might be a blue Christmas for Amazon.

Eurozone banks get ECB final verdict on finances

Friday, October 24, 2014 - 23:54

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.

US economy to keep on reaping QE bounty

Friday, October 24, 2014 - 23:54

WASHINGTON: Quantitative easing (QE) may turn out to be a gift that keeps on giving for the United States economy.

First global capital rule for insurers

Friday, October 24, 2014 - 23:53

LONDON: Global regulators have written the first global capital rule for insurers, marking a key milestone in efforts to reinforce supervision of the sector.

Pfizer to buy back US$11b in shares

Friday, October 24, 2014 - 23:53

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.

Microsoft profits above expectations

Friday, October 24, 2014 - 23:52

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.

Exports, housing to fuel growth

Friday, October 24, 2014 - 23:51

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.

Crowdfunding gains momentum

Friday, October 24, 2014 - 23:51

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.

Myanmar closer to bond sale

Friday, October 24, 2014 - 23:50

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).

S’pore clamps down on ‘cappucino effect’

Friday, October 24, 2014 - 23:50

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.

Second, lower liners likely to play ‘catch-up’ next week

Friday, October 24, 2014 - 23:46

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.

Perak Corp privatisation plan hits snag

By FOO EU JIN - Friday, October 24, 2014 - 23:44

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.

Double-digit market share growth


CIMB Group Holdings Bhd’s credit card division is confident of maintaining double-digit growth in market share.

AmResearch maintains ‘buy’ call on Kulim

Friday, October 24, 2014 - 23:35

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’s target price at RM2.74

Friday, October 24, 2014 - 23:34

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 has stellar Q3, says HLIB Research

Friday, October 24, 2014 - 23:33

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.