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Business

Lower Q3 profit for Bumi Armada

KUALA LUMPUR: Offshore oil and gas service provider Bumi Armada Bhd recorded a 7.49% lower third-quarter net profit of RM92.57mil compared to a year ago on the back of 22.8% higher revenue of RM403.92mil, due to higher depreciation cost, interest charge and tax expense arising from its operations.

Business

Bursa eyes more quality firms

KUALA LUMPUR: Bursa Malaysia Bhd is looking to bring more quality companies onto the exchange as well as see a shift from speculative to fundamental investing.

Business

Bursa resumes uptrend on overnight gains on Wall Street(update)

PETALING JAYA:b/b>Buoyed by overnight gains on Wall Street, Bursa Malaysia once again resumed its uptrend after its 25-point correction on Tuesday.

Business

M'sia and global markets lower as hopes for quick end to eurozone crisis fade(update)

PETALING JAYA: The Malaysian stock market lost its momentum, along with other regional markets, as hopes for a quick solution to the eurozone debt crisis were doused and signs were clear that China's robust growth was moderating.

Business

Stocks lower on German comments, China slowdown(update)

TOKYO, Oct 18 (Reuters) Asian stocks and commodities fell on Tuesday after Germany's finance minister cautioned against hopes for a quick fix to Europe's debt problem, and news that China's economic growth slowed a tad in the third quarter added to concerns.

Business

Asia shares up Monday on hopes for Europe crisis plan

SINGAPORE Oct 17 (Reuters) Asian shares rose on Monday and the euro held firm amid hopes that a crucial week for the euro zone crisis will see policymakers finally come up with a comprehensive plan to resolve the region's debt woes and recapitalise its banks.

Business

Asia shares edge lower on caution over global growth

TOKYO, Oct 14 (Reuters) Asian shares inched down on Friday, tracking New York and European shares lower as weak Chinese trade data raised concerns about the global economy, while the euro eased after another sovereign debt ratings downgrade.

Business

Global markets edge up on euro zone hopes(update)

SINGAPORE, Oct 10 (Reuters) The euro rose on Monday after the leaders of France and Germany pledged to unveil a plan to solve the euro zone's sovereign debt crisis by the end of the month, but Asian shares struggled to make gains as Hong Kong and China stocks dragged.

Business

Stocks: US up for 3rd day, Asia up Friday

NEW YORK: Stocks rose for a third day in a row on Thursday as developing euro zone plans to backstop European banks gave investors hope the threat of a financial crisis was waning.

Business

Asian equities steady Friday after rise

HONG KONG (Reuters) - Asian stocks steadied on Friday with big gains unlikely as investors looked to take profits after three days of gains, while the euro held its tiny increase following Germany's approval to expand the euro zone bailout fund.