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

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

From left: Kedah executive committee member Datuk Dr Ku Abd Rahman Ku Ismail, Mukhriz, Ahmad and Malaysia Automotive Institute CEO Mohd Madani Sahari at the car launch.

GoAuto to invest RM250m in Gurun

GURUN: Go Automobile Manu-facturing Sdn Bhd (GoAuto) has spread its wings here with a new investment of RM250mil to build a second plant.

27 January 2015 | 12:00AM |

Automotive

Lim reprimanded, fined RM140,000

PETALING JAYA: Bursa Malaysia has publicly reprimanded and imposed a fine of RM140,000 on Lim Chin Wat and ordered a restriction on him from being a registered person of the bourse for 12 months.

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

Zeti: Ringgit is fundamentally strong

PUTRAJAYA: Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz says the ringgit is fundamentally strong and “it will reflect the underlying fundamentals when the global events settle down”.

27 January 2015 | 11:56AM |

Banking

AirAsia buying 40% of Tune Money

PETALING JAYA : AirAsia Bhd is buying a 40% stake in Tune Money Sdn Bhd for RM10mil cash to leverage on booming online transactions,with plans to list the latter in about five years.

28 January 2015 | 8:53AM |

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

Yahoo sets Alibaba stake spinoff plan

SAN FRANCISCO: Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.

28 January 2015 | 7:55AM |

Corporate News

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

US multinationals hit hard by strong dollar

NEW YORK: A slew of U.S. multinational companies, from DuPont to Procter & Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength.

28 January 2015 | 7:51AM |

Corporate News

Apple iPhone sales top expectations

NEW YORK: Apple Inc quarterly results smashed Wall Street expectations with record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season and strong sales in China, although the United States remained the top iPhone market.

28 January 2015 | 7:49AM |

Corporate News

Wall St falls 1 pct on earnings but Apple rallies late

NEW YORK: U.S. stocks closed more than 1 percent lower on Tuesday as disappointing results from a number of bellwether companies pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on sentiment.

28 January 2015 | 7:47AM |

Markets

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

GHL Systems targets up to 4,000 merchants

PETALING JAYA: Payment solutions provider GHL Systems Bhd has tied up with Global Payments Card Processing Malaysia Sdn Bhd, whereby GHL will act as a payment facilitator and payment service provider to the latter. It has a target to acquire between 3,000 and 4,000 merchants this year.

28 January 2015 | 12:00AM |

GHL

Systech gets second UMA query

PETALING JAYA: ACE Market-listed Systech Bhd, which has been actively traded, has received a second unusual market activity query from Bursa Malaysia in two months.

28 January 2015 | 12:00AM |

Systech

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