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Business 20 Apr 2013 | 12:00 AM

More upside in store

The bulls on Bursa Malaysia had a slow start to the week, with the bellwether FBM Kuala Lumpur Composite Index (FBM KLCI) shedding 0.37 points to 1,698.16 on consolidation.

Business 20 Apr 2013 | 12:00 AM

Petronas bid to take MISC private fails

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has failed in its bid to privatise MISC Bhd, with acceptance from shareholders amounting to 86.07%, or 3.93% short the 90% shareholding level to make the offer unconditional.

Business 20 Apr 2013 | 12:00 AM

Eye on stock

AFTER peaking out temporarily at a three-year high of 45 sen in mid-January, REDtone International Bhd retreated owing to an apparent profit-taking activity, dragging the shares to a low of 37 sen on Feb 6.

Business 20 Apr 2013 | 12:00 AM

FAA approves Boeing Dreamliner battery system design

ATLANTA: U.S. regulators on Friday approved a revamped battery system for Boeing Co's 787 Dreamliner, a crucial step in returning the high-tech jet to service after it was grounded in January because the plane's lithium-ion batteries overheated.

Business 22 Apr 2013 | 12:00 AM

Commodities slump sends slow ripples through world economy

LONDON: Lower airfares, cheaper food and rising profit margins are among the benefits that should flow from tumbling oil and commodity prices - but only after a long lead time.

Business 22 Apr 2013 | 12:00 AM

Stock trading in M'sia seen to be softer this week

AGAINST the backdrop of a slowdown in global growth, the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to trade softer and within a tight range of between 1,680 points and 1,700 points this week.

Business 22 Apr 2013 | 12:00 AM

20% increase in Q1 adex

PETALING JAYA: Advertisers spent 20% more on media in the first quarter of this year compared with the same period in 2012.

Business 22 Apr 2013 | 12:00 AM

RHB Research upgrades MISC to Buy at RM5.88

RHB Research expects a selldown on MISC Bhd after Petronas failed to take MISC private as it has not met the required acceptance level for its buyout offer, just 3.93% below the required 90% ownership.

Business 22 Apr 2013 | 12:00 AM

Global shares gain, Bunds dip on Italy, dollar/yen eyes 100

LONDON: European shares rose and German bond futures dipped on Monday as the re-election of Italy's president eased a two-month old political crisis, while the yen fell after the G20 accepted Japan's bold stimulus policy.

Business 23 Apr 2013 | 12:00 AM

Offer for Emas Kiara extended to May 10

PETALING JAYA: Engineering firm Emas Kiara Industries Bhd’s deputy executive chairman Wong Kong Foo, together with persons acting in concert (PACs), have extended their offer for shares they do not own in the company to May 10 from today.