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Business 21 Apr 2016 | 12:00 AM

Thai coal miner Banpu makes first investment in US shale

BANGKOK: Banpu Pcl, Thailand’s largest coal miner, said it had spent US$112mil to buy a 29.4% stake in the Chaffee Corners Joint Exploration Agreement (JEA), a shale gas operation in the US state of Pennsylvania.

Business 21 Apr 2016 | 12:00 AM

ABB beats profit estimates on orders from power utilities

ZURICH: ABB Ltd's quarterly profit fell less than expected after orders from power utilities helped the grid maker to withstand a slowdown in some emerging markets and in the oil and gas industry.

Corporate News 20 Apr 2016 | 2:10 PM

Wall St flat as strong earnings counter fall in oil

NEW YORK: U.S. stock indexes were little changed on Wednesday as encouraging earnings reports offset oil prices sliding on renewed concerns about global oversupply.

Corporate News 20 Apr 2016 | 9:34 AM

KLCI in the red at close but off day's low

KUALA LUMPUR: Selling pressure eased off in the late afternoon on Bursa Malaysia enabling the FBM KLCI to close off the day's low, with BAT, Maybank and IOI Corp among the biggest drags on the index.

Corporate News 20 Apr 2016 | 6:14 AM

PetDag sees rising demand for bitumen

KUALA LUMPUR: Petronas Dagangan Bhd (PetDag) expects to its bitumen segment, which contributed significantly to its profits in 2015, to see continued increase in demand in FY16.

Forex 20 Apr 2016 | 5:56 AM

KLCI continues to slip but 1,700 to hold

KUALA LUMPUR: Bursa Malaysia continued to slip at midday on Wednesday, dragged down by IOI Corp, Sime Darby and Axiata Group as crude oil tumbled about US$1.

Economy 20 Apr 2016 | 4:08 AM

March inflation rate up slower than expected

KUALA LUMPUR: Malaysia’s inflation rate, as measured by the Consumer Price Index (CPI), rose at a slower pace of 2.6% from a year ago, which was below a survey of a 3.4% rise.

Analyst Reports 20 Apr 2016 | 3:39 AM

Maybank IB maintains neutral on auto sector, cuts sales forecast

KUALA LUMPUR: Maybank Investment Bank Research has maintained a “neutral” on the automotive sector but cut its 2016 total industry volume (TIV) forecast to 620,000 units from 645,000 units.

Corporate News 20 Apr 2016 | 2:08 AM

IOI Corp weighs on KLCI as ringgit climbs

KUALA LUMPUR: Blue chips fell in early Wednesday trade as IOI Corp came under some selling pressure, continuing from the impact of the Roundtable of Sustainable Palm Oil on April 1, while the stronger ringgit could impact exports.

Markets 20 Apr 2016 | 12:40 AM

Foreign funds net sellers at RM61m on Tuesday

KUALA LUMPUR: Foreign funds were net sellers on Bursa Malaysia on Tuesday at –RM61.1mil while local institutions and retail investors were net buyers, according to BIMB Securities Research.