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