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SYDNEY: BHP Billiton said its boss Marius Kloppers will leave in May, just weeks after the head of rival miner Rio Tinto stepped down, with profits plunging on weak commodity prices as Chinese demand abates.
Malayan Banking Bhd (Maybank) reported a 15.9% increase in its earnings to RM1.459bil in the fourth quarter ended Dec 31, 2012 from RM1.259bil a year ago.
Axiata Group Bhd's earnings rose 4.8% to RM571.10mil in the fourth quarter ended Dec 31, 2012 from RM544.58mil a year ago.
Key European and Asian markets fell on Thursday, sparked by China's move to rein in the speculation in its property market while a batch of poor economic data in Europe dampened hopes of a recovery.
MALAYSIA has proposed to impose anti-dumping duty effective Feb 20 on steel wire rods from selected companies in China, Taiwan, South Korea and Indonesia.
RHB Research Institute is maintaining its Neutral call on Axiata with an unchanged sun-of-parts fair value of RM6.50.
Tune Ins Holdings Bhd opened at RM1.38, which was three sen above its institutional and final retail price of RM1.35 when it made its debut on the Main Market of Bursa Malaysia on Wednesday.