Business

Foreign fund outflow from Malaysia above RM11b: MIDF Research

KUALA LUMPUR: MIDF Equities Research estimates that cumulative net foreign outflow from Malaysian equities rose to RM11.7bil at end July, significantly surpassing the RM6.9b outflow for the entire 2014.

Maybank opens first branch in Yangon

KUALA LUMPUR: Malayan Banking Bhd (Maybank) opened its first branch in Yangon on Monday which will strengthen the group’s international footprint.

Greek stock market opens 23% down after five week shutdown

ATHENS: Greece's stock market fell sharply on Monday after being shut down for five weeks under capital controls imposed by the government in Athens to stop a flight of euros from the country.

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Myth: You get what you pay for

EVER had someone tell you “you get what you pay for?” May be true in some circumstances; like when you pay RM40,000 for a Myvi, you don’t expect the performance of a RM300,000 BMW, do you?

3 August 2015 | 12:00AM |

Personal Finance

Areva to explore bringing in Chinese investor

PARIS: Areva will seek partnerships with Chinese energy companies that could see them take stakes in the French nuclear reactor maker in an upcoming multi-billion euro capital increase, its chairman told the Journal de Dimanche.

3 August 2015 | 12:00AM |

Stocks

CPO futures prices to stay at current level

KUALA LUMPUR: Crude palm oil futures prices are expected to stay at current levels, with sentiment dampened by higher stocks and output, said Malaysian Palm Oil Council chairman Datuk Lee Yeow Chor.

3 August 2015 | 2:55PM |

Business

EcoFirst says land buy delayed

KUALA LUMPUR: EcoFirst Consolidated Bhd said the acquisition of 25ha of freehold land in Ulu Klang, Gombak, worth RM145mil, has been delayed by three months due to technical issues on land alignment.

3 August 2015 | 2:44PM |

Business

China manufacturing index hits two-year low, survey shows

BEIJING: A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey showed on Monday, the latest data suggesting the world’s second-largest economy faces challenges in the third quarter.

3 August 2015 | 2:37PM |

Business

Commodities, currencies and China in limelight

New York: Commodities and currencies may continue to be in the spotlight for investors this week, as prospects for a Federal Reserve interest rate rise and the Chinese stock market slump work their way around global markets.

3 August 2015 | 2:09PM |

Business

China freezes US fund Citadel's account

Shanghai: China's markets regulator has suspended a trading account of US-based hedge fund Citadel LLC, the fund said on Monday, in the watchdog's first known move against a big foreign investor as it battles to prop up China's ailing stock markets.

3 August 2015 | 1:55PM |

Business

Weststar a main contractor for Mindef

KUALA LUMPUR: Weststar Group has been apppointed the main contractor for the Defence Ministry (Mindef)'s procurement of the STARStreak Very Short Range Air Defence system from Thales Air Defence Ltd UK.

3 August 2015 | 1:45PM |

Business

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