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Stock on the Move 15h ago

Petron shares slip on lower 4Q profit

KUALA LUMPUR: Shares of Petron Malaysia Refining & Marketing Bhd slipped 3.33% as the company reported a 11.6% decline in net profit in the fourth quarter ended Dec 31, 2017.

Corporate News 10h ago

Exxon, BHP axe lengthy sale of 50-year-old Australia oil fields

SYDNEY: Two of the world’s biggest energy producers have abandoned the sale of some of Australia’s oldest oil fields after running a 20-month sales process.

Corporate News 17h ago

Billionaire Warren Buffett letter may tout optimism as broader market worries ebb

NEW YORK: Warren Buffett may use part of his annual letter to Berkshire Hathaway Inc shareholders, due on Saturday, to renew his optimism about America, at a time economic growth is on the upswing and U.S. stocks sit near record highs despite rising interest rates.

What of 2018? "Does Buffett have the guts to mention that we are in financial euphoria?" said Bill Smead, chief executive of Smead Capital Management Inc in Seattle, a Berkshire investor.  The 87-year-old Buffett typically also uses his widely-read, humor-laced letters, which last year ran more than 14,000 words, to assess Berkshire's performance, praise some managers, and criticize excess on Wall Street and perhaps in Washington.
Markets 11h ago

KLCI led higher by Public Bank, IHH

KUALA LUMPUR: The local bourse returned to a positive performance on Friday following the previous session's mild pullback as the announcement of earnings results from Corporate Malaysia picked up pace.

Markets 7h ago

Hong Kong stocks rise as sentiment recovers after recent rout

HONG KONG: Hong Kong stocks rose on Friday, capping a holiday-shortened trading week, as main indexes managed to recover much of the damage done during the recent rout.

Corporate News 21 Feb 2018

Broadcom's Tan received US$103m in compensation in 2017

NEW YORK: Broadcom Ltd. Chief Executive Officer Hock Tan received $103.2 million in reported compensation last year, his biggest-ever pay package, as the computer-chip maker prepares to make the largest acquisition in the history of technology.

 Broadcom Ltd. Chief Executive Officer Hock Tan received $103.2 million in reported compensation last year, his biggest-ever pay package
Corporate News 11h ago

Cahya Mata Sarawak FY17 earnings higher at RM215m

KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) earnings rose 27.2% to RM215.23mil in the financial year ended Dec 31, 2017 from RM169.17mil a year ago, though it reported lower earnings in the fourth quarter.

Insurance 13h ago

China insurance regulator takes control of Anbang Insurance Group, chairman prosecuted

BEIJING/SHANGHAI: Anbang Insurance Group Co Ltd, one of China's biggest insurance conglomerates, has been taken over by the country's insurance regulator for one year, and its chairman has been prosecuted for economic crimes

The China Insurance Regulatory Commission (CIRC) said in a statement on Friday that it will maintain the group as a private company, even as it undertakes an equity restructuring, following the arrest last June of Anbang's chairman and key shareholder, Wu Xioahui.(pic)
Telcos 1d ago

Axiata records 80% earnings jump in FY17 to RM909m

KUALA LUMPUR: Axiata Group Bhd recorded an 80% jump in earnings for its financial year ended Dec 31, 2017, to RM909.48mil compared to RM504.25mil in the previous year on positive performances by its core mobile operations while cost-optimisation initiatives delivered above expectations.