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Business 24 Dec 2016 | 12:00 AM

Tang family raises offer price for The Store

PETALING JAYA: The Tang family, who has launched a bid to take The Store Corp Bhd private, has raised the takeover offer price to RM3.70 from RM3.52 previously.

Business 24 Dec 2016 | 12:00 AM

VS Industry Q1 net profit drops to RM33.5mil

PETALING JAYA: VS Industry Bhd reported its first quarter ended July 31 net profit that almost halved to RM33.5mil from RM60.18mil a year ago.

Business 24 Dec 2016 | 12:00 AM

Deutsche Bank, Credit Suisse settle US probes as Barclays sued

ZURICH: Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined US$12.5bil to resolve US investigations into sales of the toxic debt that fuelled the financial crisis, putting behind them a major dispute that had weighed on their shares and raised questions about their turnaround plans.

Business 24 Dec 2016 | 12:00 AM

Crude oil prices on the recovery

Opec and non-Opec producers confound critics by agreeing on production cuts

Business 24 Dec 2016 | 12:00 AM

Focus on oil and gas producers, not vessel operators

MALAYSIAN companies with oil producing assets are the clear beneficiaries of the recent global oil pact by major producers to cut down oil production.

Business 24 Dec 2016 | 12:00 AM

Nomura confident of chalking up strong growth in Malaysia

Kunio Watanabe is head of asset management, Nomura Holdings Inc. He is also director, president and CEO of Nomura Asset Management Co Ltd (NAM), a position held since April 2014.

Business 24 Dec 2016 | 12:00 AM

Legacy of car brands in danger

Age of autonomy making car brands like Chevy redundant

Banking 24 Dec 2016 | 1:46 AM

Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S

NEW YORK/FRANKFURT: Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis

Auto 25 Dec 2016 | 11:49 PM

Blindsided by SUV boom, Hyundai Motor trims costs, perks

SEOUL: Headed for a fourth straight annual profit decline, Hyundai Motor <005380.KS> is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters.

Commodities 26 Dec 2016 | 1:00 AM

Felda's deal with Indonesian firm will not affect settlers

KUALA LUMPUR: The Federal Land Development Authority (FELDA)s plan to acquire a 37 per cent stake in Indonesias PT Eagle High Plantation Tbk (EHP) will not affect the well-being of settlers.