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Corporate News 09 Nov 2017 | 12:00 AM

MPI Q1 profit declines 9% on rising cost

PETALING JAYA: Malaysian Pacific Industries Bhd’s net profit fell by almost 9% due to rising costs despite a rise in revenue.

Analyst Reports 08 Nov 2017 | 11:50 PM

Petronas Dagangan innovating to counter long-term headwinds

KUALA LUMPUR: Petronas Dagangan is planning to spend RM300mil to RM400mil per annum in capex to refresh its Kedai Mesra stores, and relocate legacy pump stations to areas with a stronger demand catchment, says CIMB Equities Research.

Markets 08 Nov 2017 | 6:37 PM

Wall Street loses steam as banks, energy stocks weigh (Update 1)

NEW YORK: US stocks stalled in late morning trading on Wednesday as weak oil prices weighed on energy stocks and doubts over a Republican tax plan and the broader outlook for US growth hurt banks.

Business 08 Nov 2017 | 8:04 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Auto 08 Nov 2017 | 12:00 AM

BMW strengthens 2017 earnings forecast

MUNICH: BMW AG strengthened its 2017 profit forecast as deliveries of its luxury SUVs and sedans rise to record levels.

Corporate News 08 Nov 2017 | 1:25 AM

Asia stocks pause at peaks, ponder US tax muddle

SYDNEY: Asian shares paused at decade peaks and the dollar dipped on Wednesday amid concerns Republican plans for major U.S. tax cuts were running into headwinds even before the Senate releases its own version of the proposals.

Opinion 08 Nov 2017 | 12:00 AM

Anti-palm oil lobby threatening livelihood of 650,000 smallholders

Today, close to 40% of the total 5.74 million hectares of oil palm planted area in Malaysia are managed by smallholders. On an average, a smallholder with a planted area of 3.9ha can earn a monthly net income of between RM2,000 and RM2,100.

Corporate News 07 Nov 2017 | 10:53 PM

Dow edges up to record high, financials dips

NEW YORK: The Dow Jones Industrial Average eked out a fourth consecutive record high close on Tuesday, while the S&P 500 ended marginally lower after a disappointing profit forecast from Priceline and a drop in financials. The S&P 500 financial index led decliners with a 1.33 percent fall.

Banking 07 Nov 2017 | 12:00 AM

Westpac’s profit growth disappoints

SYDNEY: Westpac Banking Corp posted a lower than expected 3% rise in annual cash profit and a drop in profitability, with hesitant consumers and a tepid economy weighing on the growth prospects of Australia’s second biggest lender.

Corporate News 06 Nov 2017 | 10:46 PM

Oil surges to over two-year peak; Wall St. at record highs

NEW YORK: Oil prices surged to their highest since July 2015 on Monday as Saudi Arabia's crown prince cemented his power with a crackdown on corruption, while shares worldwide were little changed and key currencies stayed in tight ranges.