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Commodities 02 May 2017 | 4:25 PM

Malaysian palm oil price gains on strong export demand, higher soyoil prices

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday evening in their second consecutive day of gains, helped by strong export data and firmer soyoil prices.

Auto 02 May 2017 | 4:44 PM

Automakers' April US sales drop; Wall St. fears boom is over

DETROIT: Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a fresh sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down.

Commodities 02 May 2017 | 4:58 PM

Brent crude falls to five-month low, erases gains since OPEC agreed to cuts(Update 1)

NEW YORK: Brent crude oil prices fell on Tuesday to its lowest level in over five months, erasing all of the gains since OPEC agreed to cut production at the end of November, after breaking through a key technical support level.

Markets 02 May 2017 | 10:47 PM

Apple posts surprise dip in iPhone sales, shares fall

NEW YORK: Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.

Business 03 May 2017 | 12:00 AM

Latest results propel Malaysia Airports

PETALING JAYA: Shares in Malaysia Airports Holdings Bhd (MAHB) jumped to its highest level in more than a year after its first quarter results ended March 31 came in better than what the market had expected.

Markets 03 May 2017 | 12:00 AM

Felda to keep stake in Iris

KUALA LUMPUR: The Federal Land Development Authority (Felda) is looking to raise its stake in Iris Corp Bhd, chairman Tan Sri Shahrir Abdul Samad said. “We will decide (later) whether we want to buy more shares in the market,” he said

Economy 03 May 2017 | 12:00 AM

Malaysia’s PMI up on improved overseas demand for M'sian products

PETALING JAYA: A marginal improvement in Malaysia’s manufacturing operating conditions was recorded for the first time in two years during April, as seen in the Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI).

Community 03 May 2017 | 12:00 AM

88,000 bumiputra units unsold in Johor

JOHOR BARU: Concerned about the low take-up rate of bumiputra lots, the state government will look for ways to help developers sell the unsold units.

Business 03 May 2017 | 12:00 AM

US firm launches homebuying calculator for millennials

NEW YORK: The real estate industry has spent the better part of the last decade worrying about the buying habits of millennials.

Analyst Reports 03 May 2017 | 12:00 AM

SCGM 'market perform', IJM 'neutral', DiGi 'hold', Muhibbah Engineering 'add'

SCGM Bhd’s proposal for a one-for-three bonus issue and two-for-15 issue of new warrants will be positive in the long-term, according to Kenanga Research.