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2:31 AM

Samsung, Apple keep top spots in smartphone market

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.

1:41 AM

Facebook to combat ‘information operations’ using false accounts

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.

12:46 AM

Trump drove forex trade surges in first 100 days - CLS study

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.

12:34 AM

Trump says ‘will renegotiate’ Nafta deal with Canada, Mexico

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.

1 day ago

Dutch Lady's profit hit by higher material costs

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.

1 day ago

Tech earnings power Nasdaq to record high; S&P, Dow flat

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.

1 day ago

K & N Kenanga's JV gets licence for online brokerage

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).

1 day ago

CIMB Niaga’s Q1 net profit up 138%

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.

1 day ago

Maybank Indonesia records higher profit in Q1

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.

1 day ago

AirAsia X will fly to Europe soon

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.

1 day ago

Ire-Tex declares EGM invalid, rejects outcome

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.

1 day ago

T7 Global bags contract extension from Petronas Carigali

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.

1 day ago

RHB Islamic Bank issues RM250mil sukuk

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.

1 day ago

Tenaga Nasional posts higher Q2 earnings

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.

1 day ago

Malaysia Marine continues to be in the red in Q1

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.

1 day ago

Genting stocks nudge KLCI into the red, Maybank up

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.

1 day ago

KL’s largest urban entertainment, F&B and retail hub to be ready by 2018

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.

1 day ago

Saudi offers size in drive to list shares of foreign companies

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.

1 day ago

Oil and gas industry under threat from carbon-related policies, says Moody's

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.

1 day ago

Avoid getting burnt by binary option scams

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.

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