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Business

Boustead Heavy posts profit in Q3

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd posted a turnaround profit of RM15.93mil for its third quarter 2013 from a net loss of RM27.11mil a year ago from higher income by its maintenance, repair and overhaul (MRO) activities, coupled with improved performance by its submarine maintenance segment.

Business

Malaysia Q3 GDP to reflect export recovery

Malaysia's economy is expected to have picked up pace in the third quarter, bolstered by resilient domestic demand and a small but significant recovery in exports.

Business

German Q3 growth slows, France contracts 0.1%

Growth in Europe's biggest economy, Germany, slowed to 0.3% in Q3 on sluggish exports, while its second biggest economy, France, contracted 0.1% from weakened export and lagging business investment.

Business

Yellen to defend ultra-easy monetary policy

Janet Yellen, President Barack Obama's nominee to lead the US Federal Reserve, will offer a stout defence on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics.

Business

Dollar rebound after US sell-off fuelled by Yellen remarks

The dollar rebounded in Asia Thursday after suffering a sell-off in New York on remarks from the woman tipped to become the next Federal Reserve chief that indicated the bank will keep its stimulus drive in place.

TECH

Google's Motorola seeks comeback with low-cost smartphone

Motorola is betting that low-cost smartphones can provide the spark to rekindle its struggling business, even as the company's ownership by Google Inc will force it to sit out of China, the world's largest smartphone market.

Business

Shadows of doubt creep up on Abenomics

A year after Prime Minister Shinzo Abe took financial markets by storm with promises to revive the moribund Japanese economy, data showed growth slowed sharply and that his "Abenomics" policy mix is yet to secure a durable recovery.

Business

Japan’s Q3 GDP slows

Japan's economy slowed less than expected in July-September and is expected to pick up pace in the current quarter as consumers spend now to beat a tax rise next year, but business investment came in sharply below market forecasts.

Business

Crocs considering going private

NEW YORK: Crocs Inc, known for its colorful clogs, is considering going private, among other strategic options, a person familiar with the matter said on Wednesday

Business

Perisai Q3 profit advances 13%

PETALING JAYA: Perisai Petroleum Teknologi Bhd’s net profit for the third quarter ended Sept 30 jumped 12.9% to RM23.44mil on the back of a revenue which rose 4.8% to RM34.14mil from RM32.57mil previously.