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Business

Inventories hurt U.S. third-quarter GDP, domestic demand strong

WASHINGTON: U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, but solid domestic demand could encourage the Federal Reserve to raise interest rates in December.

Business

Analysts expect poor third quarter for AirAsia and MAS

PETALING JAYA: Both AirAsia Bhd and Malaysia Airlines (MAS) are not expected to report significant improvements to their financial performance in the third quarter, owing to the high cost of jet fuel, according to research analysts.

TECH

Global PC sales slow in third quarter

b>NEW YORK/b>: Global personal computer sales slowed in the third quarter, notching up growth of just 7.6%, well below the previous quarter, technology research firm Gartner said.

Business

EPF earns RM5.5bil investment income for third quarter

KUALA LUMPUR: The Employees Provident Fund (EPF) generated an investment income amounting to RM5.5bil in the third quarter of 2009, an increase of RM696.32mil, or 14.51%, over the RM4.8bil generated in the previous quarter.

Business

Hong Kong's economic growth likely slowed in third quarter

HONG KONG: The pace of Hong Kong's economic expansion likely slowed in the third quarter as consumers cut back on spending in the face of higher interest rates, economists said.

Business

YTL Corp third quarter pre-tax profit rises to RM318m

YTL Corp Bhd saw its pre-tax profit rising 29.6% to RM317.9mil for the third quarter ended March 31, compared with RM245.3mil in the same period a year ago. Its turnover for the quarter improved 11.5% to RM1.23bil from RM1.09bil.

Business

Shell Refining third quarter net profit soars 100% to RM185mil

SHELL Refining Company (Federation of Malaya) Bhd (Shell Refining) has recorded an increase of more than 100% in net profit to RM185mil for the third quarter ended Sept 30, from RM86mil in the corresponding period last year.

Business

Intel third quarter profit beats forecast but outlook cloudy

SAN JOSE, California (AP) - Intel Corp.'s third-quarter profit rose 12 percent, edging past Wall Street's estimates, but the chip maker cautioned that the pall the financial crisis has cast over the technology sector makes it hard to predict its results for the current period.

Business

Chip-makers see good third quarter

GEORGE TOWN: Local automated semiconductor equipment and chip-assembly companies expect a relatively healthy third quarter (Q3) but a sluggish fourth quarter (Q4) ahead, in which the book-to-bill ratio is expected to dip to below one.

Business

I-Bhd posts RM5.7mil profit in third quarter

PETALING JAYA: I-Bhd recorded a net profit of RM5.69mil in its third quarter ended Sept 30, 2018, compared with a net profit of RM7.17mil in the previous corresponding period, while revenue in the third quarter stood at RM60.66mil from RM75.31mil a year earlier.