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Business

Lloyds Banking Group to cut 9,000 jobs

LONDON: Britain’s state-rescued Lloyds Banking Group announced that it intends to cut 9,000 jobs by the end of 2017 to reduce costs on its road to full recovery.

Business

Market is digesting record US soybean supplies, higher palm oil supplies, low crude oil prices

PETALING JAYA: Crude palm oil (CPO) prices are expected to remain range-bound in the near term at RM1,900-RM2,300 per tonne as the market digests the record US soybean supplies, higher palm oil supplies and lower crude oil prices, according to CIMB Research.

Business

Microsoft sales beat Street hopes, cloud profits up

SEATTLE: Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact.

Business

Global need – in search of growth

IT’S already six years since the Great Recession. Yet the world economy remains stuck in the doldrums – set on a course that is uncertain and unsustainable.

Business

Brent drops below US$60 as Opec, Russia maintain output

SINGAPORE: Brent futures fell more than 1% on Wednesday, down for a sixth straight session, with persistent worries of a supply glut keeping prices near a 5½-year low under US$60 a barrel.

Business

The Short Position

REVELATIONS about what transpired in the fatal Germanwings Airbus A320 crash that took the lives of 150 people are shocking.

Business

Getting prices right

THE two events that shook the world in June and early July were the Greek crisis and China’s stock market gyrations.

Business

All New X-Trail from ETCM

KUALA LUMPUR: Edaran Tan Chong Motor Sdn Bhd (ETCM) has unveiled its third-generation innnovative crossover, the All New X-Trail.

Business

Banks now encouraging investors to buy Greek bonds

LONDON: It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market.

Business

Banking outlook remains challenging

THE banking industry will likely continue to experience a challenging environment and margin compression as banks compete to fulfil their LCR requirements after the ruling by Bank Negara.