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Corporate News 17 Aug 2017 | 6:35 AM

Australia’s Wesfarmers posts record profit as diversification pays

SYDNEY: Australian retail-to-mining conglomerate Wesfarmers Ltd withstood fierce competition on its supermarket chain and rode on higher coal prices to a record annual profit, underscoring the defensive appeal of its diversified business structure.

Business 17 Aug 2017 | 3:50 PM

Alibaba beats on earnings, e-commerce core revenue driver

BEIJING: Alibaba, China’s top e-commerce firm, beat analyst estimates with a 56% rise in first-quarter revenue, driven by strong online sales.

Economy 18 Aug 2017 | 4:00 AM

Malaysia's economy grew at faster pace of 5.8% in Q2

KUALA LUMPUR: Malaysia's economy grew at a faster pace of 5.8% in the second quarter ended June 2017, exceeding economists' forecast of a 5.4% expansion, underpinned by the services and manufacturing sectors.

Economy 18 Aug 2017 | 9:19 AM

'Growth momentum remains strong,' says Rahman Dahlan

PUTRAJAYA: Malaysia's growth momentum debunks assertions by certain parties that the economy is on the brink of collapse, says Datuk Seri Rahman bin Dahlan, Minister in the Prime Minister's Department.

Business 19 Aug 2017 | 12:00 AM

Abdul Rahman: Malaysia’s growth momentum remains strong

PUTRAJAYA: Malaysia’s growth momentum debunks assertions by certain parties that the economy is on the brink of collapse, says Datuk Seri Abdul Rahman Dahlan, Minister in the Prime Minister’s Department.

Economy 21 Aug 2017 | 12:00 AM

UK to release tranche of Brexit position papers

LONDON: Britain will issue a cluster of new papers this week to outline its strategy positions in divorce talks with the European Union, ranging from regulation of goods to data protection, the UK’s Brexit department said.

Personal Finance 21 Aug 2017 | 8:58 AM

Socso strengthens investment team, aims for higher returns

KUALA LUMPUR: Malaysia’s Social Security Organisation (Socso) has been beefing up its investment department in a bid to achieve superior investment performance to enable sustainable defined benefits for its social protection schemes.

Corporate News 21 Aug 2017 | 10:58 PM

Macy's to restructure merchandising unit, cut jobs

NEW YORK: Department store chain Macy's Inc said on Monday it would restructure its merchandising operations, which could result in about 100 job cuts.

Economy 22 Aug 2017 | 12:00 AM

Russia mines big data to monitor its economy

Country joins other nations in using real-time indicators

Auto 22 Aug 2017 | 12:00 AM

China’s Great Wall confirms interest in bidding for Fiat Chrysler

BEIJING: China’s Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said, confirming earlier reports that it is pursuing all or part of the owner of brands including Jeep and truckmaker Ram.