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Corporate News 04 Jan 2019 | 12:00 AM

Mr DIY planning RM1.5bil IPO

PETALING JAYA: Mr DIY, Malaysia’s biggest home improvement retailer, is planning to launch an initial public offering (IPO) either in Malaysia or Hong Kong in the fourth quarter of this year, says Creador Sdn Bhd chief executive officer Brahmal Vasudevan.

Corporate News 04 Jan 2019 | 12:00 AM

Kenanga still ‘neutral’ on oil and gas sector from brownfield space

Kenanga says greenfield investments are less viable at low price level

Corporate News 04 Jan 2019 | 12:00 AM

MAHB, GMR to revisit deal?

PETALING JAYA: The deal to sell Malaysia Airports Holdings Bhd’s (MAHB) stake in Hyderabad Airport to the airport’s majority shareholder, GMR Airports Ltd, may have lapsed, but this does not mean both companies will not re-look it, industry sources say.

Corporate News 04 Jan 2019 | 12:00 AM

KPS appoints Ahmad Fariz as MD

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) has appointed Ahmad Fariz Hassan as managing director.

Corporate News 04 Jan 2019 | 12:00 AM

Luckin plans to overtake Starbucks in China this year

BEIJING: Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp as the largest coffee chain by number of outlets in the world’s second-biggest economy, it said.

Markets 03 Jan 2019 | 11:15 PM

Oil slips on economic downturn fears, but Opec cuts offer support(Update)

SINGAPORE: Oil prices fell on Friday after the United States showed signs of following Asia into an economic slowdown, although supply cuts by producer club OPEC kept declines in check.

Corporate News 03 Jan 2019 | 10:57 PM

Bristol-Myers to buy Celgene for US$74bil in largest biopharma deal

Bristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about US$74 billion, combining two of the world's largest cancer drug businesses in the biggest pharmaceutical deal ever.

Corporate News 03 Jan 2019 | 10:49 PM

Billionaire Warren Buffett's book value woes, Apple plunge deepens

NEW YORK: The plunge in Apple Inc's share price will likely cause new pain for Warren Buffett's Berkshire Hathaway Inc, after the conglomerate suffered a big quarterly decline in its net worth that will hit its bottom line

Markets 03 Jan 2019 | 10:38 PM

Wall St. plunges as factory data, Apple warning fuel slowdown fears

NEW YORK: Wall Street plunged on Thursday after slowing U.S. factory activity on the heels of a dire revenue warning from Apple Inc fueled fears of a global economic slowdown.

Cryptocurrency 03 Jan 2019 | 10:30 AM

Tesla stock on a blockchain offers hint of where crypto's headed

LONDON (Bloomberg): A digital exchange opening next week will enable investors to trade in companies including Apple Inc, Facebook Inc and Tesla Inc outside of the US even when the stock markets are closed.