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KLCI closes at month's low on PChem, Tenaga losses

KUALA LUMPUR: Blue chips ended Thursday at a month's low, in line with the weaker key Asian markets, as the US-China trade war continues to erode corporate earnings and impact global econmic growth.

Huawei plans to cut jobs in US-based R&D unit

TOKYO: Huawei Technologies Co is planning to cut jobs at its US subsidiary, the Wall Street Journal reported, citing unidentified people familiar with the situation.





Affected workers: A woman looks at her phone as she walks past a Huawei shop in Beijing. Huawei’s planned job cuts are expected to affect employees at Futurewei Technologies, a US-based research-and-development subsidiary that employs about 850 people. — Reuters

Digi makes RM392m in Q2

PETALING JAYA: Digi.com Bhd reported its second quarter net profit ended June 30 rose to RM392.48mil from RM384.34mil in the same quarter a year ago.

Murty: We aim to deepen our customer insight capabilities and digitalisation efforts to drive differentiated customer experiences, connecting more Malaysians.

Digi kicks off Q2 results season with higher earnings

KUALA LUMPUR: Digi.com Bhd started the second quarter corporate results season by registering a slightly higher net profit of RM392.47mil and declared an interim dividend of five sen a share.

KLCI closes near day's low, ringgit extends gains

KUALA LUMPUR: Blue chips closed near the day's low on Friday, weighed down by selling of CIMB, Maxis and Hong Leong Bank but e-service providers like MyEG, Prestariang attracted strong trading interest.

Tycoon woos Amazon, Google with data hubs

NEW DELHI: A string of successful bets on ports, mining and commodities helped transform Gautam Adani (pic) from a nondescript diamond trader into a tycoon with a net worth of US$10bil.

Tencent wants up to 70% of sales generated from its games

HONG KONG: Tencent Holdings Ltd is pressing China’s top smartphone vendors and app stores to boost the cut of revenue it gets from games sold through their platforms, people familiar with the matter said, stepping up efforts to claw back profits as its business slows.