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Business 18 Nov 2005 | 12:00 AM

Silicon wafer maker SUMCO gains 18% on market debut

SUMCO Corp, the world's No. 2 maker of silicon wafers, gained 18% in its market debut yesterday, driven by robust growth prospects for global wafer demand and the strength of the overall stock market.

Business 22 Dec 2005 | 12:00 AM

Aussie competition watchdog deals blow to Telstra

Australia's biggest phone company, Telstra Corp Ltd, has lost a key regulatory ruling and warned that the decision will hurt profits and cloud the planned sale of the government's US$18bil stake in the firm.

Business 15 Nov 2005 | 12:00 AM

AIG reports US$1.7b in third-quarter profits

NEW YORK: American International Group Inc., one of the world's largest insurers, said on Monday profits fell to US$1.72 billion (euro1.47 billion) for the third quarter, in line with an earlier announcement.

Business 12 Sep 2006 | 12:00 AM

Mixed views on Astro

Astro All Asia Networks plc is still garnering mixed reviews from research houses, despite a rocketing 66% year-on-year net profit increase for the second quarter ended July 31.

Business 16 Dec 2005 | 12:00 AM

TNB plans fuel-cost sharing in proposal

TENAGA Nasional Bhd, which is still in talks with the government on plans to review electricity rates for domestic consumers, may include a fuel-cost sharing plan in its proposal.

Business 16 Dec 2005 | 12:00 AM

Australia cuts Telstra share sale price in budget

MELBOURNE: The Australian government has slashed the assumed price tag on its stake in Telstra Corp Ltd by 21% to A$26.6bil in its mid-year budget update to reflect the top telco's share price slump.

Business 01 Dec 2005 | 12:00 AM

European stocks end lower

LONDON: European shares closed lower Wednesday, with miners and banks among the decliners.

Business 02 Jun 2005 | 12:00 AM

Property stocks take beating

SHARES of property developers have been hard hit over the past few months on a weak outlook for the sector, analysts said.

Business 17 Dec 2005 | 12:00 AM

SP Setia net profit beats estimates

The increase in SP Setia Bhd's net profit by 26% to RM203.4mil for the financial year (FY) ended Oct 31 exceeded consensus estimate by 5%, TA Securities Sdn Bhd said.

Business 02 Jun 2005 | 12:00 AM

Foreign business news in brief

News briefs, including from Sydney that newspaper publisher John Fairfax Holdings Ltd expects to increase earnings by as much as 23% this year on stronger advertising and cost savings.