WASHINGTON: Samsung and Apple maintained their leadership in the smartphone market in early 2017 while Chinese-based Huawei’s strong growth cemented its number three position, a market tracker said Thursday.
SAN FRANCISCO: Facebook Inc acknowledged that it has become a battleground for governments seeking to manipulate public opinion in other countries and outlined new measures to combat “information operations” that go well beyond the phenomenon known as fake news.
LONDON: If anyone doubted how closely traders need to watch US President Donald Trump’s public words or actions, data on Thursday showed trading volumes on the world’s biggest financial market have routinely jumped on-year after some of his most high-profile comments.
WASHINGTON: President Donald Trump expressed optimism on Thursday the United States, Canada and Mexico can successfully renegotiate a trade accord he deems unfair to American interests but vowed to scrap the 23-year-old pact if a “fair deal for all” cannot be reached.
KUALA LUMPUR: Dutch Lady Milk Industries Bhd’s pre-tax profit slipped to RM42.1mil in the first quarter ended March 31, 2017, from RM45.79mil in the same period last year.
NEW YORK: The Nasdaq hit a record intraday high on Thursday, powered by a string of strong earnings from technology companies, while the S&P 500 and the Dow were little changed.
KUALA LUMPUR: The path is now clear for K & N Kenanga Holdings Bhd to offer online brokerage services to its customers through unit Kenanga Investment Bank Bhd (KIBB).
KUALA LUMPUR: PT Bank CIMB Niaga Tbk (CIMB Niaga) reported an unaudited consolidated net profit of 640 billion rupiah (RM208.9mil) in the first quarter (Q1) of 2017, which represented a 137.9% year-on-year (y-o-y) growth.
KUALA LUMPUR: Maybank Indonesia’s net profit after tax and minority interests (Patami) rose 10.4% to 490.1 billion rupiah (RM160mil) in the first quarter ended March 31, 2017, from 443.9 billion rupiah (RM144.9mil) in the same quarter last year.
BANGKOK: AirAsia X will soon be flying to Europe using its Airbus A330 to tap into the growing demand to the region, after the launch of its Kuala Lumpur-Hawaii route on June 28.
KUALA LUMPUR: Ire-Tex Corp Bhd has declared invalid the EGM held on Thursday which approved all the resolutions to remove certain directors and appoint two new ones.
KUALA LUMPUR: T7 Global Bhd, formerly known as Tanjung Offshore Bhd, has been awarded a contract extension for one year from Petronas Carigali Sdn Bhd for the provision of construction work request worth RM200mil.
KUALA LUMPUR: RHB Islamic Bank Bhd, which is eyeing the top three spot in the local Islamic banking industry, has issued RM250mil subordinated sukuk murabahah, its first bond issuance in about three years.
KUALA LUMPUR: Tenaga Nasional Bhd posted a stronger set of earnings in the second quarter ended Feb 28, 2017 on foreign exchange (forex) translation gains and contributions from associates.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), which got a major boost this month when Petronas Carigali awarded it a contract valued almost as high as its entire 2016 revenue, continued to struggle in the first quarter (Q1) of 2017 with a loss of RM16.61mil.
KUALA LUMPUR: Genting Malaysia and Genting Bhd dragged the FBM KLCI into the red at the close on Thursday despite gains in Maybank and Petronas Gas but trading volume rebounded on rising interest again in penny stocks and lower liners.
KUALA LUMPUR: The city’s largest urban entertainment, food and beverage (F&B) and retail hub, The Arch, is expected to open to the public by end-2018.
RIYADH: Saudi Arabia aims to start listing foreign companies on its stock market as soon as this year as it seeks to become a regional centre for equity issuance, said Mohammed Abdullah Elkuwaiz, vice-chairman of the Capital Market Authority.
KUALA LUMPUR: Carbon-related global policy initiatives, changing consumer preferences and disruptive technological advancement are putting a lot of pressure on the oil and natural gas industry, says Moody's Investors Service.
SINGAPORE: In recent months, the authorities here have issued warnings to investors on a practice known as binary option trading. It is a minefield for those hoping to make a quick buck, particularly when the trading is done via unregulated platforms.