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Yahoo ekes out Q3 revenue gain despite display ad weakness

22 October 2014

SAN FRANCISCO: Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company's online display advertising business continued to struggle.

The Apple logo is seen in this September 11, 2012 file photo at the Yerba Buena Center for Arts in San Francisco. Apple said September 2, 2014 that some celebrity accounts were compromised in a "targeted attack" on passwords but that it has found no signs of a breach of its iCloud storage system. - AFP

Apple sees iCloud attacks; China hack reported

22 October 2014

WASHINGTON: Apple said Tuesday its iCloud server has been the target of "intermittent" attacks, hours after a security blog said Chinese authorities had been trying to hack into the system.

Top bullion consumer China works on first gold forwards, options

22 October 2014

SINGAPORE/SHANGHAI: The Shanghai Gold Exchange (SGE) is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that might eventually rival the London gold fix.

Wall St extends rebound on earnings, ECB report

22 October 2014

NEW YORK: U.S. stocks rallied on Tuesday, with the S&P 500 notching a fourth straight session of gains boosted by strong corporate results, including Apple's.

Yahoo logo. - AFP

Yahoo profit surges on Alibaba divestment, mobile

22 October 2014

SAN FRANCISCO: Yahoo said Tuesday its quarterly profit surged with its sale of shares in Chinese Internet powerhouse Alibaba, and also saw improving results from its mobile Internet initiatives.

Bursa bars EPF from voting in CIMB, RHB Cap, MBSB merger (Update)

21 October 2014

KUALA LUMPUR: Bursa Malaysia Securities has barred the Employees Provident Fund (EPF) from voting in the three-way merger of CIMB Group Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB).

Rally fades on Bursa, Asian markets on slowing growth in China

21 October 2014

KUALA LUMPUR: The two-day rally on Bursa Malaysia faded on Tuesday as investors were quick to take profit, in line with the European and Asian markets on worries about slowing growth in China.

The Bank of Japan is preparing to roughly halve its 1% economic growth forecast for this fiscal year at a meeting on Oct 31 but is sticking to its prediction that inflation will hit its 2% target - AFP Photo.

Japan downgrades economy for second month as output sags

21 October 2014

TOKYO: Japan's government cut its overall economic assessment for the second straight month as weak consumption after a sales tax hike in April is causing companies to reduce production.

Daibochi net profit down, expects customer based expansion to boost revenue

21 October 2014

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd expects its customer based expansion to drive the group's revenue growth in the near term.

Totally atypical: De Margerie not your average oil executive

21 October 2014

PARIS: Christophe de Margerie had a penchant for cracking a joke, which with his bushy moustache and stout form made him come across more as someone's favourite uncle than the oil executive who fiercely led the often controversial petroleum giant Total.

MARC affirms AAA on Senari Synergy’s RM380m debt notes

21 October 2014

KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its AAAIS(fg) rating on Senari Synergy Sdn Bhd’s RM380mil Islamic medium-term notes (IMTN) programme with a stable outlook.

RON95 price may change in June

21 October 2014

KUALA LUMPUR: The price of RON95 petrol is likely to stay at RM2.30 a litre until June next year, said Deputy Finance Minister, Datuk Ahmad Maslan.

Tokyo stocks close down 2.03% after weak China growth

21 October 2014

TOKYO: Tokyo stocks dropped 2.03% Tuesday as investors locked in profits after the previous day's rise of almost 4%, while the yen rose against the dollar and weak China growth data hit sentiment.

Jho Low family’s Jynwel Capital among investors launching bid for Reebok (Update 2)

21 October 2014

KUALA LUMPUR: The investment arm of the billionaire Low family of Asia, Jynwel Capital is teaming up with investors from Hong Kong and Abu Dhabi to buy Reebok from Adidas.

A survey of 100 Malaysian SMEs by Sage Software reveald 66% of respondents to be confident of future prospects, says managing director Michael Cho.

M’sian SME confidence highest in four years

21 October 2014

KUALA LUMPUR: Business management software supplier, Sage Software Sdn Bhd, said its survey of 100 Malaysian small and medium enterprises (SME) revealed that 66% of respondents to be confident of future prospects.

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