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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.
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.
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.
Crude oil prices on the recovery
Opec and non-Opec producers confound critics by agreeing on production cuts
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.
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.
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
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.
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.