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Corporate News 01 Feb 2017 | 12:51 AM

Komatsu joins peers to signal mining rebound remains elusive

TOKYO: Komatsu Ltd, the world’s No. 2 supplier of construction equipment, said industry-wide demand from miners fell 13% in the last quarter, signalling that the rebound in commodities prices is yet to feed through into better sales of the giant trucks and excavators used in extracting minerals.

Business 01 Feb 2017 | 12:00 AM

Seadrill tumbles 25% amid challenging debt revamp talks

LONDON: Seadrill Ltd, the offshore driller with the heaviest debt load, dropped as much as 25% yesterday to the lowest since November as equity investors face “significant dilution” with the debt restructuring process.

Business 01 Feb 2017 | 12:00 AM

Retail sector globally grows despite tough times

PETALING JAYA: The top 250 global retailers generated aggregated revenues of US$4.31 trillion (RM19.1 trillion) in the fiscal year 2015, representing a composite growth of 5.2%, according to the Global Powers of Retailing 2017: The Art and Science of Customers Report from Deloitte Global.

Business 01 Feb 2017 | 12:00 AM

‘Outperform’ call on Prestariang maintained

Analyst Report

Business 01 Feb 2017 | 12:00 AM

Komatsu joins peers to signal mining rebound remains elusive

TOKYO: Komatsu Ltd, the world’s No. 2 supplier of construction equipment, said industry-wide demand from miners fell 13% in the last quarter, signalling that the rebound in commodities prices is yet to feed through into better sales of the giant trucks and excavators used in extracting minerals.

Commodities 01 Feb 2017 | 12:00 AM

Forged warehouse receipts renew concerns

LONDON: Forged commodity-storage receipts discovered by a Glencore Plc unit have rekindled concerns over warehousing fraud two years after the Qingdao scandal in China that cost banks hundreds of millions of dollars.

Business 01 Feb 2017 | 12:00 AM

The US$2 trillion woman who is turning around Pimco

WALK down a side alley in Munich, beneath apartments with net curtains in the windows, past figures of female superheroes on a cafe storefront, and you come to the unprepossessing headquarters of a US$2 trillion asset manager. On the fifth floor, an elegantly dressed woman leans forward to field questions.

Business 31 Jan 2017 | 3:22 PM

Wall St slips on weak earnings, Trump policies

NEW YORK: US stocks opened lower on Tuesday as investors turned risk averse after disappointing earnings from a raft of companies and uncertainty following President Donald Trump’s recent decisions.

Advertising & Media 31 Jan 2017 | 3:14 PM

WSJ to cut jobs in Europe, Asia bureaus, union rep says

NEW YORK: The Wall Street Journal (WSJ) is laying off employees at bureaus in Asia and Europe as the publisher cuts costs in the face of declining print advertising, a union representative said.

Business 31 Jan 2017 | 2:53 PM

Exxon Mobil profit beats Street as oil prices inch higher

HOUSTON: Exxon Mobil Corp, the world’s largest publicly traded oil producer, posted a better-than-expected quarterly profit on Tuesday helped by rising crude prices and lower costs.