Business

Oil and gas stocks hit by impairments and narrow margins

PETALING JAYA: The fall in oil prices was clearly felt by oil and gas (O&G) companies in the recent results season, where most had to provide for assets that were lower in value based on the latest outlook for the industry and narrowing margins.

Investors expected to stay on sidelines of local stock market

PETALING JAYA: Local retail investors are likely to remain on the sidelines this week after staying on the sidelines last week despite foreign institutional investors flocking back to the market last Friday.

Wahid says following the adjustments, the Government will benefit should a project receive ‘super normal’ returns.

Changes to PPP financing

KUALA LUMPUR: The Government will make the necessary adjustments to the private-public partnership (PPP) financing model that is routinely used to finance mega projects, said Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.

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CI Holdings extends gains after hitting limit-up

KUALA LUMPUR: C.I. Holdings Bhd’s share price extended its gains on Tuesday after hitting limit-up the previous on expectations of a positive corporate exercise, boosted by the sharp improvement in its financial results.

3 March 2015 | 11:22AM |

Corporate News

Oil prices rise as global markets firm

SINGAPORE: Brent crude futures rose above $60 a barrel on Tuesday, after a sharp drop in the previous session on record U.S. stocks, as firm Asian markets supported prices.

3 March 2015 | 12:45PM |

Oil & Gas

Sime unit completes NBPOL buy

KUALA LUMPUR: Sime Darby Plantation Sdn Bhd (SDP), a subsidiary of Sime Darby Bhd, has completed the acquisition of New Britain Palm Oil Ltd (NBPOL) and appointed five representatives to the board of NBPOL.

3 March 2015 | 12:00AM |

Palm Oil

Facebook's Zuckerberg seeks peace with telcos on Web-for-all push

BARCELONA: Facebook Inc founder Mark Zuckerberg was on hostile turf on Monday as spoke to executives at the world's biggest annual gathering of the mobile industry, renewing attempts to win their backing to help reach billions of users with no Internet access.

3 March 2015 | 10:29AM |

Telcos

KLCI up nearly 6 points at midday

KUALA LUMPUR: The FBM KLCI ended the morning session firmer despite the mostly weaker regional markets, however the broader market was seen weaker due to lack of fresh new leads.

3 March 2015 | 12:53PM |

Maybank Investment Bank deputy CEO Fad’l Mohamed

Maybank IB appoints deputy CEO

PETALING JAYA: Maybank Investment Bank has appointed Fad’l Mohamed (pic)its deputy chief executive officer (CEO) effective yesterday.

3 March 2015 | 12:00AM |

Banking

RHB Research maintains Buy on Allianz

KUALA LUMPUR: RHB Research has maintained its Buy call on Allianz with a target price of RM13.80, as it sees value in Allianz given that LI is maturing into an exponential phase of contribution.

3 March 2015 | 10:43AM |

Analyst Reports

Apple, Google poaching settlement appears headed for approval

SAN FRANCISCO: A U.S. judge on Monday seemed satisfied with a proposed US$415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries.

3 March 2015 | 10:40AM |

Stocks

KLCI up nearly 6 points at midday

KUALA LUMPUR: The FBM KLCI ended the morning session firmer despite the mostly weaker regional markets, however the broader market was seen weaker due to lack of fresh new leads.

3 March 2015 | 12:53PM |

Oil prices rise as global markets firm

SINGAPORE: Brent crude futures rose above $60 a barrel on Tuesday, after a sharp drop in the previous session on record U.S. stocks, as firm Asian markets supported prices.

3 March 2015 | 12:45PM |

Oil & Gas

Australia central bank holds rates at 2.25%

SYDNEY: Australia's central bank kept its cash rate steady at a record low of 2.25% on Tuesday, surprising some who had looked for another easing to follow February's cut.

3 March 2015 | 12:06PM |

Banking

Stronger earnings growth ahead for Westports

KUALA LUMPUR: Alliance DBS Research has initiated coverage of Westports Holdings Bhd -- the nation’s largest container port and controls 38% of Malaysia’s container traffic -- with a Buy and target price of RM3.85.

3 March 2015 | 11:40AM |

Analyst Reports

Obama sharply criticizes China's plans for new technology rules

WASHINGTON: President Barack Obama on Monday sharply criticized China's plans for new rules on U.S. tech companies, urging Beijing to change the policy if it wants to do business with the United States and saying he had raised it with President Xi Jinping.

3 March 2015 | 11:36AM |

Stocks

CI Holdings extends gains after hitting limit-up

KUALA LUMPUR: C.I. Holdings Bhd’s share price extended its gains on Tuesday after hitting limit-up the previous on expectations of a positive corporate exercise, boosted by the sharp improvement in its financial results.

3 March 2015 | 11:22AM |

Corporate News

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