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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.
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.
Qualcomm braces for US$100bil fight with Broadcom
SAN FRANCISCO: Qualcomm Inc is preparing to fend off an unsolicited US$100bil takeover bid from Broadcom Ltd, arguing it undervalues the company, people familiar with the plans said.
CIMB Foundation reaches out to wide range of causes
Over 700 community projects have taken place across the country
Opportunity in going organic
With consumers becoming more health conscious, Cliff Lee is expecting his organic products brand Biogreen to see double-digit growth per year.
Range trading likely
REVIEW: Bursa Malaysia kicked off the week on a steadier platform, with the FBM KLCI advancing 1.78 points to 1,747.91 amid extended buying post-budget on “feel good” factor.
Teva’s CEO is US$2.8bil down on his second day on the job
TEL AVIV: About 48 hours into his new job as CEO of Teva Pharmaceutical Industries Ltd, Kare Schultz is already US$2.8bil in the hole.
Perstima down but not out
PERUSAHAAN Sadur Timah Malaysia (Perstima) Bhd which is the market leader in the Malaysian tinplate market, is now facing a gigantic challenge from the onslaught of cheaper imports from China.
Will there be an AirAsia deal on food with SATS?
THE AirAsia Bhd special dividend story is one that has been anticipated for sometime as the group looked to raise cash from the sale of non-core assets.
