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Business 31 Oct 2017 | 12:00 AM Premium

Akzo seeks US$30b merger

MSTERDAM: Dutch paints maker Akzo Nobel, under pressure after rejecting a lucrative takeover offer and two profit warnings, has confirmed merger talks with smaller US rival Axalta Coating Systems Ltd to create a US$30bil company.

Corporate News 14 Feb 2017 | 11:42 AM Premium

KL Kepong posts Q1 earnings of RM360m as CPO prices rebound

KUALA LUMPUR: Plantations company Kuala Lumpur Kepong Bhd (KLK) recorded earnings of RM360.67mil in the first quarter ended Dec 31, 2016, boosted by a surge in plantations profit as crude palm oil (CPO) rebounded.

Corporate News 06 Jan 2017 | 2:36 AM Premium

MIDF Research retains Neutral outlook for Top Glove

KUALA LUMPUR: MIDF Research is maintaining its Neutral outlook for Top Glove with an unchanged target price (TP) of RM5.31.

Business 14 Oct 2016 | 12:00 AM Premium

United Co Rusal says aluminum rally can last on higher China costs

MOSCOW: Aluminum prices will keep rising as Chinese smelters get squeezed by increasing raw-material prices, making it tougher for them to expand production, according to United Co Rusal, the world’s second-biggest producer of the metal.

Business 13 Mar 2015 | 12:00 AM Premium

Japanese firms’ mood worsens as yen slump rattles

TOKYO: Confidence at big Japanese manufacturers worsened in January-March and is seen turning negative in the second quarter as a slumping yen ramped up the costs of raw material imports, a survey showed, complicating Tokyo’s stimulus-driven campaign to revive the economy.

Economy 22 Aug 2014 | 12:00 AM Premium

Japan manufacturers’ confidence improves

TOKYO: Confidence at Japanese manufacturers inched up in August to mark the first improvement since April, but the service sector’s mood soured for the second straight month, a Reuters poll showed, reflecting a tame economic recovery from April’s sales tax rise.

Business 20 Jun 2014 | 12:00 AM Premium

WTK remains the 'purest' timber counter

RHB Research said that most timber data-points were still pointing upwards, with higher log volumes as well log and plywood prices. Although Japan’s demand for plywood had stalled slightly due to the recent increase in sales tax, this was expected to recover in the second half of 2014, it said. Meanwhile, demand for logs from India continues to be stable

Business 25 Apr 2014 | 12:00 AM Premium

Carlsberg sees challenging 2014

KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd expects a challenging 2014 due to rising raw materials, inflation and operating costs, said managing director Henrik Juel Andersen.

Business 24 Apr 2014 | 4:16 PM Premium

Carlsberg expects softer 2014, focuses on cost efficiency

KUALA LUMPUR: Carlsberg brewery Malaysia Bhd expects a challenging 2014 due to rising raw materials, operating costs and inflation, managing director Henrik Juel Andersen said on Thursday.

Business 12 Jul 2012 | 12:00 AM Premium

Adventa surges to 12-month high on takeover offer

PETALING JAYA: Adventa Bhd’s share price surged 27 sen to a 12-month high of RM1.88 after the board received a takeover offer from its major shareholder and a private equity fund.