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Business

Boeing machinists strike, satellite launches could be delayed

LOS ANGELES: Boeing Co. officials have not yet decided whether to scrub upcoming satellite launches or hire replacement workers after machinists went on strike in California, Alabama and Florida, a company spokesman said.

Business

South Korea's Hyundai Motor third-quarter profit rises

SEOUL, South Korea: Hyundai Motor Co., South Korea's largest automaker, reported Thursday that its third-quarter net profit rose a more-than-expected 27 percent from a year earlier as robust earnings at overseas units and gains from share investments in affiliates offset production losses from a strike.

Business

MISC to gain if US turns to LNG

Malaysia International Shipping Corp (MISC) Bhd stands to reap big gains should rising natural gas prices drive the United States to turn to liquefied natural gas (LNG) as an alternative energy source.

Business

Stockwatch

Yeow Pooi Ling writes on DRB-HICOM, IOI Corp, MAS, PJ Development and SP Setia.

Business

Shortage of oil bodes well for Shell Refining

SHELL Refining Co (Federation of Malaya) Bhd's (SRC) share price rose for two consecutive days on expectation it would benefit from the temporary shutdown of refineries in the US after Hurricane Katrina hit the shores of the Mexico Gulf, said analysts.

Business

Katrina could have broad reach for consumers, businesses

From gas stations to grocery stores, farms to factories, the force of Hurricane Katrina is rippling through the economy, confronting consumers and businesses with higher prices and logistical dilemmas, even thousands of miles (kilometers) from the Gulf Coast.

Business

Oil futures edge above $61 as supply fears linger

Crude futures ended Thursday's session with solid gains in a sharp recovery aided largely by soaring gasoline futures and natural gas prices.

Business

Asian markets end mixed as investors shrug off blasts

ASIAN markets ended mixed yesterday as investors shrugged off the terror bomb attacks in London after realising that the economic fallout would not be as bad as initially feared.

Business

Bigger fleet to fly AirAsia to more destinations

AIRASIA Bhd, which operates budget airlinesunder the brand AirAsia in Malaysia andThailand, and PT AWAIR in Indonesia,achieved another milestone at the recent2005 Paris Air Show that brought it a stepcloser to realising its vision of becoming the leading low-fare, no-frills airline in the Asia-Pacific region.

Business

UEM Builders confident of clinching RM1.7bil jobs

UEM Builders Bhd is confident of securing RM1.7bil worth of jobs this year, bringing its total order book to RM3bil, managing director Datuk Mohd Nor Idrus said.