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Corporate News

Expedia shares tumble as quarterly profit misses on higher costs

NEW YORK: U.S. online travel services company Expedia Inc missed analysts' quarterly profit estimate on higher marketing expenses, sending its shares tumbling 15 percent in after-hours trading on Thursday.

Business

Bizarre turn of events at MSM following tiff with ex-CEO

PETALING JAYA: MSM Malaysia Holdings Bhd, which is owned by Felda Global Ventures Holdings Bhd, has appointed Mohd Shaffie Said as acting chief executive officer (CEO) with immediate effect after former boss Datuk Mohamad Amri Sahari@Khuzari refused to return to work.

Business

MSM appoints Shaffie as acting CEO after former boss refuses to return to work

KUALA LUMPUR: MSM Malaysia Holdings Bhd has appointed Mohd Shaffie Said as acting chief executive officer (CEO) with immediate effect after former boss Datuk Mohamad Amri Sahari@Khuzari did not return to work.

Business

Oil prices stay near high on strong U.S. refinery runs, China data

NEW YORK: Oil prices dipped on Thursday but stayed close to their highest in 2-1/2 years, as data showed strong demand for crude imports in China and on increased refining activity in the United States that drew more crude from inventories.

Economy Premium

US hiring figures reveal sweet spot for economy

Unemployment rate holds at 17-year low of 4.1%

Business

5 hidden gems in Malaysia

Regarded by guests as the best destinations in Malaysia, these diverse getaways offer once-in-a-lifetime luxury holidays and adventures.

Business

Airbnb’s Chinese rival raises US$300mil

BEIJING: Airbnb’s biggest rival in China, Tujia.com, has raised US$300mil to fund a rapid expansion and ride a surge in Chinese families taking holidays around the world.

Business

Amazon faces hurdles in S’pore

SINGAPORE: As Amazon.com Inc pushes into South-East Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.

Business

Ryanair flight crisis unabated as COO leaves

LONDON: Ryanair Holdings Plc’s flight-cancellation crisis enters its fourth week with no sign of abating after the public furor over 20,000 scrapped services claimed the first senior manager at the Irish discount carrier and pilots stepped up moves toward unionization.

Business

Bank Negara working on financial literacy roadmap

PETALING JAYA: Bank Negara is currently developing a five-year national strategy with the aim of elevating financial literacy among Malaysians.