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Business

Street nearly flat on lackluster earnings

NEW YORK: U.S. stocks ended little changed on Monday as lackluster earnings reports from McDonald's and others fed concerns that equities were overpriced after the S&P index's run to record highs last week.

Business

Netflix's outlook bright, shares at record high

LOS ANGELES: Netflix Inc gained more subscribers than expected at home and abroad, helped by original series like "Orange is the New Black," and predicted additional growth this quarter, sending its shares surging 9.4 percent to a record high on Monday.

Business

Pending Budget 2014, M&A rates M'sian property sector 'neutral'

LISTED on the Indonesian stock exchange, CPIN maintains its “neutral” call as the research house expects marginal contribution from its retail distribution channel.

Business

Sharp slowdown in Japan exports

TOKYO: Japan’s export growth fell well short of expectations in September, a sign that slowing demand in Asia is taking the shine off Prime Minister Shinzo Abe’s stimulus policies and clouding the outlook for a budding economic recovery.

Business

MEPS' ambitious plan targets 1,580 more non-bank ATMs

KUALA LUMPUR: With the launch of Malaysia’s first non-bank ATM, Malaysian Electronic Payment System Sdn Bhd (MEPS) is targeting to roll out 1,580 more throughout the country over the next five years.

Business

McDonald's falls short

OAK BROOK: McDonald’s Corp reported quarterly revenue that missed analysts’ estimates and warned that global comparable sales for October are expected to be relatively flat, sending its shares down 1.3% before the bell.

Business

Philips posts solid quarter, thanks to lighting business

THE HAGUE: Dutch group Philips, which has transformed itself away from some of its traditional businesses, reported an almost three-fold surge in third-quarter net profit.

Business

Axis REIT quarterly profit soars on revaluation gains

PETALING JAYA: Axis REIT saw its net profit rise 90% in the third quarter ended Sept 30 to RM36.67mil from RM19.31mil a year earlier, boosted by revaluation gains.

Business

Sharp exports slowdown takes shine off Abenomics

Japan's export growth fell well short of expectations in September, a sign that slowing demand in Asia is taking the shine off Prime Minister Shinzo Abe's stimulus policies and clouding the outlook for a budding economic recovery.

Business

European shares at 5-yr highs, cheered by Philips results

LONDON: European shares steadied around five-year highs on Monday, bolstered by a crop of strong earnings but with investors reluctant to put on big bets at the start of a bumper U.S. data week.