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.
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.
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.
THE Straits Times Index ended 5.91 points, or 0.18 per cent, higher to 3,356.08 points yesterday.
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.
President and chief executive officer M. Prakash Chandran said Siemens has four core business portfolios, namely energy, infrastructure and cities, healthcare and industry.
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.
KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) aims to increase the level of public awareness about its activities.
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.
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.
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.
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