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Business

Daibochi climbs on strong earnings, CIMB Research upgrade

KUALA LUMPUR: Shares of Daibochi Plastic & Packaging rose to a high of RM3.77 in late Thursday morning trade, spurred by its strong earnings and upgrade by CIMB Equities Research.

TECH

Twitter prices above range to raise at least US$1.8bil

The microblogging network priced 70 million shares at US$26 (RM78).

Business

Singapore's Keppel gets $1.1 bln Transocean order

SINGAPORE, Nov 7 (Reuters) - Singapore's Keppel Corp , the world's largest builder of offshore oil rigs, said it has secured a $1.1 billion order to build five jackup rigs from a unit of U.S.-listed Transocean Ltd.

Business

Asia stocks subdued, euro rebounds to 1-week high ahead of ECB

TOKYO, Nov 7 (Reuters) - Asian stocks got off to sluggish start on Thursday as investors hunkered down to take the latest pulse on the U.S. economy and implications for the Federal Reserve's easy money policy, while the euro perked up ahead of the European Central Bank meeting.

Business

Prudential profit beats as annuities business shines

NEW YORK: Nov 6 (Reuters) - Prudential Financial Inc, the second-largest U.S. life insurer, reported higher-than-expected adjusted quarterly profit, driven its retirement services and annuities business.

Business

Dow, S&P 500 end higher on Microsoft, Europe data

NEW YORK, Nov 6 (Reuters) - The Dow industrials closed at a record high on Wednesday, led by gains in Microsoft Corp and encouraging European economic data, while the S&P 500 also rose but closed shy of its own record.

Business

'Reduce' call maintained for UMW

Features UMW Holdings Bhd, IHH Healthcare Bhd, Hua Yang Bhd and United Overseas Bank Ltd (UOB).

Business

Daibochi posts higher profit

PETALING JAYA: Daibochi Plastic and Packaging Industry Bhd posted a net profit of RM7.4mil for the third quarter ended Sept 30, up 7% from RM6.9mil a year earlier.

Business

Indonesia's Q3 growth weakest in four years

JAKARTA: Indonesia’s economy grew at its slowest in nearly four years in the third quarter, as weak exports risk leaving its trade balance in deficit and the rupiah vulnerable to further falls.

Business

AirAsia redesignates key executives to keep growth

PETALING JAYA: AirAsia Bhd has redesignated several of its key executives, aimed at sustaining AirAsia’s growth trajectory