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Economy 03 Jun 2014 | 10:14 AM

China HSBC PMI at 4-month high

BEIJING: China's factory sector turned in its best performance in four months in May as export orders improved although activity still contracted, a private survey showed on Tuesday, adding to signs the economy may be stabilising.

Business 03 Jun 2014 | 7:32 AM

South-East Asia stocks: Most Up, Thai at 7-mth high, M'sia and Vietnam buck trend

HANOI: South-East Asian shares mostly gained on Monday, with the Thai SET Index rising 1.78% to its highest level since Oct 31 as investors pinned hopes on an upcoming economic reform plan while Philippine shares rallied on bargain hunting. Malaysia and Vietnam bucked the trend.

Business 31 Jan 2014 | 10:28 AM

Zynga seals US$527mil mobile game deal, cuts jobs in revival drive

SAN FRANCISCO: Zynga Inc will shed 15 percent of its workforce to slash costs and buy mobile game developer NaturalMotion for US$527 million to refresh a stalled games pipeline, moves that sent its stock soaring 20 percent in after-hours trading

Analyst Reports 07 Jul 2014 | 12:00 AM

OCK gets 'buy' rating on Indonesian telco venture

RHB Research has initiated coverage on OCK with a “buy” rating and fair value of RM1.65, which takes into account the dilution from the placement exercise and new shares to be paid as consideration for the acquisition of PT Mulia Telecommunication.

Business 28 Apr 2014 | 9:15 AM

TM helps KLCI chalk up slight gains

KUALA LUMPUR: Mild buying of Telekom Malaysia helped the FBM KLCI kicks off Monday trade on a slightly higher note but analysts expected sentiment to remain cautious again over the rising tensions in Ukraine.

Business 08 Jul 2014 | 8:23 AM

As Britons embrace digital banking, more branches face the chop

LONDON: Britons are using internet and mobile banking for transactions worth nearly £1bil (US$1.7bil) a day and branch use is falling sharply, according to the British Bankers Association and accountancy firm EY.

Banking 09 Jul 2014 | 12:00 AM

Ringgit gains 1.25% against US$ in past week

PETALING JAYA: The ringgit has strengthened against the US dollar and other major currencies on expectations of an interest rate hike this week.

Property 09 Jul 2014 | 12:00 AM

Worries over luxury condos, number of upcoming units 'frightening'

PETALING JAYA: An oversupply of new luxury condominiums in the Klang Valley this year is expected to create pressure on rentals and even result in a “price war” on new and existing units.

Business 08 Jul 2014 | 8:46 AM

US agribusiness ADM to acquire Wild Flavors for US$3bil

LONDON/FRANKFURT: U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros (US$3 billion) to enter the flavoring and the health-conscious food sectors.

Business 08 Jul 2014 | 8:21 AM

UK firms offer record salary rises to attract new staff

LONDON: British firms are upping salary offers for new permanent staff at the fastest rate in almost 17 years as the pool of suitable candidates dwindles rapidly, a monthly survey of recruitment agencies showed on Tuesday.