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Global equities extend rally; oil rebounds, helping rouble rise

20 December 2014

NEW YORK: Equity markets worldwide extended the week's rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note.

  Yoshinoya staff show off three of the restaurant's offerings: Green Curry Fish, Kimchi Beef and Spicy and Crispy Chicken.

Yoshinoya Beef Bowl, Doutor Coffee and Hanamaru Udon coming to Malaysia

19 December 2014

KUALA LUMPUR: Texchem Resources Bhd expects its restaurant division to contribute RM300mil to the group’s revenue as it plans to bring in three new brands as well as grow its existing businesses. The three brands are Yoshinoya Beef Bowl, Doutor Coffee and Hanamaru Udon.

No change to Genting M’sia rating: AllianceDBS Research

19 December 2014

KUALA LUMPUR: AllianceDBS Research says it is keeping its Hold call on Genting Malaysia despite the company losing its bid to open New York upstate casinos, saying the New York bids had not been factored into its forecasts.

EU leaders agree investment package to boost economy

19 December 2014

BRUSSELS: European Union leaders endorsed a new investment programme intended to kick-start economic growth in the bloc at a summit in Brussels, which its chairman said would end late on Thursday, half a day earlier than planned.

Asian markets look set for another upbeat session on Friday(Update)

19 December 2014

SYDNEY: Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.

Thai Union Frozen to buy US tuna firm Bumble Bee for US$1.5mil

19 December 2014

BANGKOK: Thai Union Frozen Products PCL, the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire 100 percent of North American tuna company Bumble Bee Foods for US$1.51 billion from a private equity firm.

Alliance Research maintains Buy on Bumi Armada

19 December 2014

KUALA LUMPUR: Alliance Research has maintained its Buy call on Bumi Armada with a target price of RM1.70 as the stock is oversold, it said.

CIMB maintains Add on Wah Seong

19 December 2014

KUALA LUMPUR: CIMB Research has maintained its Add call on Wah Seong with a target price of RM2.65 and urged investors to accumulate the stock.

Affin Hwang Research maintains Add on Berjaya Sports Toto

19 December 2014

KUALA LUMPUR: Affin Hwang Research has maintained its Add call on Berjaya Sports Toto (BST) with a target price of RM4.10 a share but trimmed its FY15-17E earnings forecast by 6% as it lowered the earnings contributions from H.R.Owen by 3%.

British consumer confidence slides to nine-month low in December

19 December 2014

LONDON: British consumer morale edged down in December to reach its weakest level since March as optimism about the economy hit a 17-month low, a survey by polling company GfK showed on Friday.

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