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Steel magnate Lakshmi Mittal went to Luxembourg on Tuesday on a charm offensive for his US$23bil bid for rival Arcelor amid fears it could lead to job cuts and the loss of one of Europe's top multinationals.
Germany's Deutsche Telekom unveiled a plan for aggressive expansion next year after posting core earnings and sales that met expectations, thanks to another strong performance by its mobile unit.
POS Malaysia Services Holdings Bhd's share price rebounded from a four-month low to close 14 sen higher yesterday at RM3.28 after Khazanah Nasional Bhd emerged as its largest shareholder.
MOST research houses are recommending a 'hold' or 'sell' call on Malaysia International Shipping Corp Bhd (MISC) amidst softening shipping rates in petroleum and liquefied natural gas (LNG) spot tankers, a potential glut in LNG tankers and news on the Organisation of Petroleum Exporting Countries' reluctance to lift its pumping quota.