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Business 18 May 2011 | 12:00 AM

HP cuts outlook on services revamp, slow PC sales

NEW YORK: Hewlett-Packard Co. is bracing for weaker financial results this year as it overhauls its services business to undo what its CEO described as years of neglect under his predecessor.

Business 13 Jun 2011 | 12:00 AM

Prada says Hong Kong IPO roadshow going well

HONG KONG (AP) - Prada SpA and its bankers said recent turmoil in world stock markets won't weaken the Italian fashion house's upcoming Hong Kong IPO, as executives on Sunday continued an international roadshow to promote its expansion into Asian markets.

Business 13 Jun 2011 | 12:00 AM

Wall Street may rack up 7th consecutive week of losses this week

NEW YORK: Don't be surprised if Wall Street racks up a seventh consecutive week of losses as the likelihood of more poor economic data and other disconcerting signals outweigh any thoughts that stocks are cheap.

Business 13 Jun 2011 | 12:00 AM

London investors will look for clues on the strength of Britain’s economy this week

LONDON: INVESTORS in London will examine vital British inflation, unemployment and retail sales data this week for clues on the strength of Britain's economic growth in the second quarter.

Business 13 Jun 2011 | 12:00 AM

Japanese shares seen to be rangebound this week

TOKYO: JAPANESE shares are seen to be rangebound this week as investors focus on US and Chinese economic data, while any downside is likely to be limited by bargain hunting, brokers said.

Business 13 Jun 2011 | 12:00 AM

It was a brutal week for US stock markets last week

NEW YORK: IT WAS a brutal week for US stock markets, as investors sold-off shares on signs that growth in the world's largest economy was slowing.

Business 05 Aug 2011 | 12:00 AM

British bank RBS reports loss

LONDON: Royal Bank of Scotland Group PLC reported a second-quarter loss Friday after it wrote down the value of its Greek bond holdings by 733 million pounds ($841.5 million).

Business 12 Aug 2011 | 12:00 AM

MAS needs a CEO/MD with the guts to set things right

'IF you want to make peace with your enemy, you have to work with your enemy. Then he becomes your partner.' That is Nelson Mandela's quote and it aptly describes Tan Sri Tony Fernandes who was once a critic of Malaysia Airlines (MAS).

Business 03 Oct 2011 | 12:00 AM

Oracle's Ellison shows off new tech hardware

SAN FRANCISCO (Reuters) - Oracle chief executive Larry Ellison unveiled new all-in-one data center products as the world's No.3 software maker steps up its move into the hardware market.

Business 15 Nov 2011 | 12:00 AM

RHB-OSK talks on merger said to be on track

KUALA LUMPUR: The RHB Capital Bhd-OSK Holdings Bhd merger is targeted to be finalised by middle of next month, RHB Capital managing director Kellee Kam said.