Reaching beyond its customers: Samsung is running beta tests in Korea to ensure compatibility with Apple phones.
MarketWatch: Stock investors this week will focus on the Federal Reserve's monetary policy decision and whether economic growth trends have given the US central bank reason to raise interest rates off of rock-bottom levels. - Reuters
Top foreign stories
Venezuela says Opec, non-Opec oil stabilising deal ‘close’: Venezuelan President Nicolas Maduro said on Sunday that Opec and non-orc countries were "close" to reaching a deal to stabilise oil markets and that he aimed for a deal to be announced this month. - Reuters
Samsung Electronics says sold shares in four companies: Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate. The company also sold its 0.7% stake in Sharp Corp and its 4.5% stake in Rambus Inc. A Samsung spokeswoman told Reuters the total proceeds from the sales exceeded 1 trillion won (US$888.85 million). - Reuters
Abbott to sell its eye care business to J&J for about US$4.33b: Abbott Laboratories said it would sell its eye care business to Johnson & Johnson for about US$4.33 billion in cash to focus on cardiovascular devices and diagnostics business. - Reuters
Top local stories
L&G eyes club house: Land and General Bhd
, the master developer of Bandar Sri Damansara township, plans to redevelop its club facilities, which could give it access to 36 acres of prime freehold commercial land. “We are proposing for a commercial development and since the clubhouse sits on a prime piece of commercial land, to redevelop it will unlock its potential value,” says managing director Low Gay Teck. - StarBiz
AT Systematization counting on Swiss deal: AT Systematization Bhd, a precision tool maker, expects a new long- term contract secured from Rieter, a leading supplier of systems for short-staple fibre spinning based in Switzerland, will help the company turn around after two years of consecutive losses. - StarBiz
More work for internal auditors with new standards: Shareholders and the general public can expect to be better informed about listed companies’ corporate governance, risk management and control processes when the new and revised International Standards on Auditing comes into force from Dec 15 this year for audit reports, says Institute of Internal Auditors Malaysia president Lucy Wong. StarBiz
OCR expects turnaround by next year: With construction and property projects worth RM1bil in hand, O&C Resources Bhd (OCR) managing director Billy Ong Kah Hoe believes the worst is over for the company, “I believe that by next year, with what we have now, we can see a turnaround in the earnings,” he said. - StarBiz
Kim Hin eyes bigger market share in Australia: Kim Hin Industry Bhd is aggressively building its presence in the wholesale and retail business in Australia, the group’s biggest export market, by taking over local building products distributors. - Reuters
Good prospects for “angel investors” in Malaysia: Malaysia and countries in the region offer much investment opportunities for “angel investors” looking for the next innovative startups with global capabilities. - StarBiz
‘Rebranding won’t affect premium status’: Cathay Pacific Airways Ltd said its decision to replace the Cathay Paciffic brand with Cathay Dragon for its Kuala Lumpur flights will not a affect its status as a premium full-service carrier in Malaysia. - Edge FD
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