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Technology 07 Apr 2016 | 4:00 AM

China's ZTE revises down 2015 profit after US export curbs

Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit on April 6 due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran.

Corporate News 07 Apr 2016 | 2:58 AM

Maybulk’s rally comes under Bursa Securities radar

KUALA LUMPUR: Malaysian Bulk Carriers Bhd’s surge in its share price to RM1 amid very active trade came under scrutiny by Bursa Malaysia Securities on Thursday over the unusual market activity.

Business 07 Apr 2016 | 12:00 AM

Reach Energy's Kazakhstan oil and gas fields buy is cash flow positive

KUALA LUMPUR: The planned maiden acquisition by Reach Energy Bhd involving onshore oil and gas (O&G)-producing fields in Kazakhstan three times the size of Penang, is cash flow positive and in the early stages of production, said managing director and chief executive officer Shahul Hamid Mohd Ismail.

Business 07 Apr 2016 | 12:00 AM

Petronas says it has zero-tolerance policy on bribery, corruption

PETALING JAYA: Petroliam Nasional Bhd (Petronas), responding to media reports of alleged improprieties in procedures of awarding contracts for its operations in Iraq, said it has a zero-tolerance policy on bribery and corruption.

Business 06 Apr 2016 | 10:49 PM

US Fed signals caution on rate hikes, worried by global growth

WASHINGTON: The Federal Reserve appears unlikely to raise interest rates before June amid widespread concern at the U.S. central bank over its limited ability to counter the blow of a global economic slowdown, minutes from the Fed's March 15-16 policy meeting suggest.

Motorsport 06 Apr 2016 | 5:45 PM

Force India waiting on 2017 rules in EU complaint

LONDON (Reuters) - Force India are waiting for Formula One's 2017 rules to be finalised before taking the next step in their complaint to the European Union about how the sport is run and revenues distributed.

Corporate News 06 Apr 2016 | 1:43 PM

Petronas says it has zero-tolerance policy on bribery

KUALA LUMPUR: Petroliam Nasional Bhd, responding to press reports of alleged improprieties in its procedure of awarding contracts for its operations in Iraq, said it has a zero-tolerance policy on bribery and corruption.

Football 06 Apr 2016 | 7:38 AM

Infantino 'dismayed' after name found in Panama Papers

BERNE (Reuters) - Recently-elected FIFA president Gianni Infantino was "dismayed that his integrity was being doubted" in media reports about a contract he signed several years ago, the global football body said in a statement on Tuesday.

Corporate News 06 Apr 2016 | 5:23 AM

Airline hedges fuel rally in later dated oil prices

NEW YORK: Big airlines are making waves in the oil market for the first time since prices went into a tailspin nearly two years ago, betting this may be their best chance to lock in cheap jet fuel for years to come, industry and market sources say.

Business 06 Apr 2016 | 12:00 AM

Sunway ‘buy’, REIT 'neutral', Banking 'neutral'

Given its strong track record, HLIB Research said SunCon has a strong chance to secure some packages of jobs such as the Light Rail Transit 3 (RM9bil), Pan Borneo Highway (RM16bil), Damansara-Shah Alam Elevated Expressway (RM4bil) and Sungai Besi-Ulu Kelang Expressway (RM4bil), all of which will be rolled out this year.