Business

Bank Negara stemming the decline of the ringgit

PETALING JAYA: As the downward pressure on the ringgit mounts, Bank Negara has adopted gentle suasion methods to stem the decline.

Gold heads for longest weekly losing streak in 16 years

MANILA: Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat U.S. economic data strengthened expectations for a near-term hike in interest rates.

Trade payment defaulters on the rise, stringent checks needed

PETALING JAYA: There is a gradual increase in trade payment defaulters faced by participating members of RAM Credit Information Sdn Bhd (RAMCI). Those extending credit should practise stringent checks

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Oil prices fall on OPEC comments

SINGAPORE: Oil prices fell in Asian trade on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cut-back in production, although a fall in the U.S. dollar put a floor under prices.

31 July 2015 | 11:20AM |

Economy

Bursa Malaysia reprimands and fines Lim Yin Chow

KUALA LUMPUR: Bursa Malaysia has reprimanded and imposed a fine of RM30,000 on Lim Yin Chow, a former non-executive director of Stemlife Bhd, Signature International Bhd and Rev Asia Bhd for submitting false information on his education qualifications.

30 July 2015 | 2:54PM |

Business News

Airbus H1 profit rises, takes new A400M charge

PARIS: Airbus Group posted a 6 percent rise in first-half core operating profit and revenue on Friday, and confirmed its full-year financial forecasts, as underlying gains in passenger jets and helicopters offset more bad news for the A400M transporter.

31 July 2015 | 2:14PM |

Airlines

HLIB maintains 'buy' on TNB

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) maintained a 'buy' call ON Tenaga Nasional Bhd (TNB), following the company's strong third quarter 2015 core earnings of RM1.5bil.

31 July 2015 | 1:13PM |

Business

KAF surges on takeover plan

KUALA LUMPUR: Shares of KAF-Seagroatt & Campbell Bhd (KAFSC) jumped in early Friday trade and surged to a high of RM2.62 following a takeover plan at RM2.70 a share.

31 July 2015 | 9:10AM |

Corporate News

SunCon share price dips below that of IPO

KUALA LUMPUR: Sunway Construction Group Bhd’s (SunCon) share price fell below its initial public offering (IPO) price of RM1.20 amid a cautious mood and profit-taking by investors on Bursa Malaysia.

30 July 2015 | 12:00AM |

Stocks

RHB Bank to increase mart share

KUALA LUMPUR: RHB Bank Bhd is confident of increasing its market share of online cash management segment from 7% to 10% by 2017, buoyed by innovative e-retail products.

31 July 2015 | 3:01PM |

Business News

IAG on track to meet annual target

LONDON: British Airways owner IAG, close to sealing its takeover of Aer Lingus, reported a forecast-beating 40% rise in quarterly profit, which it said put it on track to meet its annual target.

31 July 2015 | 2:28PM |

Business

Airbus H1 profit rises, takes new A400M charge

PARIS: Airbus Group posted a 6 percent rise in first-half core operating profit and revenue on Friday, and confirmed its full-year financial forecasts, as underlying gains in passenger jets and helicopters offset more bad news for the A400M transporter.

31 July 2015 | 2:14PM |

Airlines

China watchdog probes automated trading as stocks slip again

Shanghai: China's securities watchdog is investigating the impact of automated trading on share markets, as authorities step up a crackdown on what they regard as heavy speculative selling that could destabilise the world's second-largest economy.

31 July 2015 | 1:25PM |

Business

HLIB maintains 'buy' on TNB

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) maintained a 'buy' call ON Tenaga Nasional Bhd (TNB), following the company's strong third quarter 2015 core earnings of RM1.5bil.

31 July 2015 | 1:13PM |

Business

Tradewinds' Belfied phase 1 GDV at RM3.8bil

KUALA LUMPUR: The first phase of Tradewinds Corporation Bhd's Belfield development, located close to the former Istana Negara, will have a gross development value (GDV) of RM3.8bil.

31 July 2015 | 1:06PM |

Business

Europe's chipmakers see China turbulence hitting auto business

Results from Europe's big chipmakers show business conditions have deteriorated quickly in previously healthy markets for auto electronics and industrial components, adding to concerns over the industry's traditional drivers – computers and phones.

31 July 2015 | 12:53PM |

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