Business

Zeti: No one single entity will pose systemic risk

PUTRAJAYA: Bank Negara will not allow any “systemic” effect from an individual company to impact the country’s economy, according to governor Tan Sri Dr Zeti Akhtar Aziz.

Microsoft store in Boston. Microsoft’s flagship Windows business has been under pressure for three years as PC sales have declined. — AP

Sluggish PC sales dampen demand for Windows software

SEATTLE: Microsoft Corp reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong US dollar.

Khairil: ‘We still need to do a lot of education and increase our headcount.’

Axiata unit eyes digital advertising market

KUALA LUMPUR: Axiata Digital Advertising, a subsidiary of Axiata Group Bhd, is looking to tap the growing digital advertising market within Asia-Pacific.

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1MDB seeking another loan extension

Kuala Lumpur: 1Malaysia Development Bhd (1MDB) is planning to seek another one-month extension on a RM2bil loan to give it more time to sell a stake in its energy unit, sources said.

28 January 2015 | 12:00AM |

1MDB

Oil jumps on weaker dollar

NEW YORK: Oil jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.

28 January 2015 | 7:53AM |

Oil & Gas

icrosoft's market value fell by US$35bil after the software-maker worried investors with a series of troubling signals in its earnings report and conference call on Monday - AFP Photo.

Microsoft stock punished as concerns multiply

SEATTLE: Some US$35bil was wiped off Microsoft Corp's market value on Tuesday without any clear-cut, single explanation after the world's largest software company, whose shares had climbed about 30% over the past 12 months to near 15-year highs, worried investors with a series of troubling signals in its earnings report and conference call on Monday.

28 January 2015 | 10:51AM |

Foreign News

Integrax's Amin, fighting a takeover, proposes 15 sen dividend

PETALING JAYA: Amin Halim Rasip, the single largest shareholder of Integrax Bhd, has proposed to the company’s board to increase the dividend payment to shareholders for this quarter, to take advantage of the RM154mil cash in the company’s coffers.

28 January 2015 | 12:00AM |

Integrax

Change in Bursa listing rules

PETALING JAYA: Bursa Malaysia will be amending some of its Main and ACE market listing requirements in an effort to promote business efficacy and enhance market quality.

27 January 2015 | 12:00AM |

Bursa

Saudi Aramco to renegotiate some contracts on low oil price

RIYADH: Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday, stressing the top crude exporter will not single handedly balance the global oil market.

28 January 2015 | 7:59AM |

Markets

icrosoft's market value fell by US$35bil after the software-maker worried investors with a series of troubling signals in its earnings report and conference call on Monday - AFP Photo.

Microsoft stock punished as concerns multiply

SEATTLE: Some US$35bil was wiped off Microsoft Corp's market value on Tuesday without any clear-cut, single explanation after the world's largest software company, whose shares had climbed about 30% over the past 12 months to near 15-year highs, worried investors with a series of troubling signals in its earnings report and conference call on Monday.

28 January 2015 | 10:51AM |

Foreign News

IGB Reit Q4 pre-tax profit falls to RM56mil

KUALA LUMPUR: IGB Real Estate Investment Trust (IGB Reit)'s pre-tax profit declined to RM56.239mil in the fourth quarter ended Dec 31,2014 from RM158.082mil recorded in the same period last year.

28 January 2015 | 9:23AM |

Caring Pharmacy Q2 profit up 15%

PETALING JAYA : Caring Pharmacy Group Bhd’s net profit for the second quarter ended Nov 30, 2014, rose by 14.8% to RM2.1mil, from RM1.82mil a year ago, mainly due to lower taxation.

28 January 2015 | 9:20AM |

Asdion may see new shareholders, new business

PETALING JAYA : Asdion Bhd, an ACE Market software firm, might see the emergence of new shareholders following an exercise that could see it having a new business in the form of logistics and courier services.

28 January 2015 | 9:06AM |

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