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Corporate News 28 Dec 2016 | 12:00 AM

GDEx set to ride on region’s booming e-commerce

PETALING JAYA: The booming e-commerce industry in the region is set to drive GD Express Carrier Bhd’s (GDEx) growth in the coming years.

Business 28 Dec 2016 | 12:00 AM

China investors buy stake in mapping firm

FRANKFURT: Chinese mapping firm NavInfo, Internet group Tencent and Singapore’s sovereign wealth fund GIC are buying a 10% stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe.

Business 28 Dec 2016 | 12:00 AM

ECB: Monte Paschi needs US$9.2bil capital boost

MILAN: The European Central Bank (ECB) sees Italian lender Banca Monte dei Paschi di Siena SpA needing about 8.8 billion euros (US$9.2bil) of capital to bolster its balance sheet.

Business 28 Dec 2016 | 12:00 AM

Fred’s adopts poison pill after Alden unveils stake

BENGALURU: Discount store operator Fred’s Inc adopted a poison pill, less than a week after hedge fund Alden Global Capital LLC reported a 24.8% stake in the company.

Commodities 28 Dec 2016 | 12:50 AM

Oil prices edge down early Wednesday ahead of OPEC, non-OPEC production cuts

Seoul: Oil prices edged down on Wednesday in quiet early Asian trading as the market waits to see how OPEC and non-OPEC members carry through on planned supply cuts in the new year.

Business 28 Dec 2016 | 1:20 AM

Breakfast briefing: Wednesday, December 28

Breakfast briefing: Wednesday, December 28

Business 28 Dec 2016 | 2:00 AM

Trading ideas: KFM, Mitrajaya, Sedania, Selangor Properties

KUALA LUMPUR: Kuantan Flour Mills Bhd (KFM), Mitrajaya Holdings Bhd, Sedania Innovator Bhd and Selangor Properties Bhd are among the stocks which could see trading interest following their corporate announcements and financial results, according to JF Apex Research.

Corporate News 28 Dec 2016 | 2:11 AM

Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

Delta Air Lines Inc said on Tuesday that in agreement with Boeing Co it would cancel an order for 18 787 Dreamliner aircraft, which it assumed as a part of its merger with Northwest Airlines.

Corporate News 28 Dec 2016 | 2:52 AM

Writedown fears send Toshiba shares down 20%, hit daily limit

TOKYO: Shares in chips-to-construction group Toshiba Corp tumbled 20 percent on Wednesday, hitting the Tokyo exchange's daily downward limit after the company said it could face a multi-billion dollar charge on a U.S. nuclear power business bought last year.

Markets 28 Dec 2016 | 5:30 AM

KLCI extends gains on window-dressing

KUALA LUMPUR: Share prices on Bursa Malaysia ended firmer at midday on the back of follow-through interest and window dressing activities helping to sustain the positive undertone.