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Business 23 Jul 2019 | 12:07 AM Premium

Boeing’s 737 MAX grounding spills over into economy, weighs on GDP

Airlines, suppliers and trade data show effects of plane maker’s crisis

Business 23 Jul 2019 | 10:09 PM

Oil price rises near US$64/bbl on second downed Iranian drone

HOUSTON: Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.

Business 24 Jul 2019 | 12:00 AM

Return to easy money to slam bank profits in US, Europe

NEW YORK: As policy makers globally prepare to cut borrowing costs again, banks around the world are feeling the heat.

Business 24 Jul 2019 | 12:00 AM

Santander profit hit by charges for job cuts, restructuring

MADRID: Banco Santander SA saw its quarterly profit hit by job-cutting expenses as the lender integrates an acquisition in Spain and pushes to reduce annual costs by 1.2 billion euros (US$1.4bil).

Business 24 Jul 2019 | 7:46 AM

Jollibee buys Coffee Bean for US$350m, shares fall 8%

MANILA: Jollibee Foods Corp. will spend $350 million to purchase loss-making Coffee Bean & Tea Leaf, its largest acquisition.

Business 26 Jul 2019 | 12:00 AM

BAT reports RM77mil profit for second quarter

PETALING JAYA: British American Tobacco (M) Bhd (BAT) recorded a 32% lower net profit of RM77.2mil for the second quarter ended June 30, 2019 (Q2’19) as it continues to be affected by illegal cigarette trade and rising operating expenses.

Business 26 Jul 2019 | 12:00 AM

Anglo plans US$1bil buy-back after bumper profit

LONDON: Anglo American Plc plans to buy back up to US$1bil of shares after the diversified miner reaped bumper profits from its iron ore business, more than offsetting declines in diamond and copper.

Business 26 Jul 2019 | 1:19 AM

Illicit cigarettes, vape clouding BAT's near-term outlook

KUALA LUMPUR: Affin Hwang Capital research expects an uncertain near-term outlook for British American Tobacco Bhd due to the second wave of vape products and the increase in fake tax stamps in the market.

Business 26 Jul 2019 | 4:37 AM

Billionaire Agarwal walks away from Anglo American stake

LONDON: Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American Plc, plans to exit his stake in the diversified mining company.

All the pieces matter 26 Jul 2019 | 4:55 AM

Anwar? Azmin? How should we choose our next PM?

What kind of democracy and behaviour does our current political system incentivise?