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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.
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.
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.
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.
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.
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.
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.
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.
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.