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Business 06 Aug 2012 | 12:00 AM

Share prices on Bursa and Wall Street seen higher this week

KUALA LUMPUR: SHARE prices on Bursa Malaysia are expected to be higher this week riding on its resilience and defensive appeal amid rising global risk aversion, dealers said.

Business 06 Aug 2012 | 12:00 AM

CNOOC signs US$1.56 bln domestic coalbed methane deal

HONG KONG: CNOOC Ltd, China's largest offshore oil producer, has signed a deal to spend 9.93 billion yuan (US$1.56 billion) to explore for coalbed methane (CBM) in China over the next five years as part of a 30year agreement.

Business 06 Aug 2012 | 12:00 AM

Consumer stocks, telcos lead KLCI higher

Consumers stocks underpinned the broader market sentiment at midday on Monday, with BAT, Dutch Lady and breweries among the top gainers while FN rose to fresh record highs.

Business 06 Aug 2012 | 12:00 AM

Asian markets rally, telcos drive KLCI higher

Key Asian markets rallied on Monday, with Japan and South Korea notching gains of more than 2%, as hopes rose that growth in the US was picking up following a more-than-expected increase in jobs in July's data.

Business 07 Aug 2012 | 12:00 AM

Late selling of BAT drags KLCI into the red

Late selling of BAT and profit taking on Tenaga and Petronas Chemicals pushed the FBM KLCI into the red on Tuesday as the broader market displayed some caution.

Business 07 Aug 2012 | 12:00 AM

KLCI slips into the red, PPB, Genting weigh

Blue chips were in the red at midday on Tuesday, weighed down by losses in PPB Group and Genting Bhd, while key regional markets were mostly higher on positive newsflow about the eurozone debt crisis.

Business 07 Aug 2012 | 12:00 AM

Nilai Resources privatisation may not be successful

PETALING JAYA: Minority shareholders of Nilai Resources Group Bhd (NRGB) who are unhappy with the groups proposed privatisation have a good chance of frustrating the exercise, according to the Minority Shareholder Watchdog Group (MSWG).

Business 08 Aug 2012 | 12:00 AM

IHH Healthcare makes global impact and is 2nd largest in the world by market capitalisation

WHILE IHH Healthcare Bhd recently made news because of the size of its July flotation and the fact that it was dual-listed, the story tracing the journey of the creation of this gigantic hospital group is just as riveting.

Business 08 Aug 2012 | 12:00 AM

Analyst positive on Padini and say deal with FJ Benjamin should bring long-term benefits

PETALING JAYA: Padini Holdings Bhd has signed an exclusive 10-year master franchise agreement with Singaporean company FJ Benjamin Pte Ltd through its wholly-owned subsidiary, Vincci Ladies Specialties Centre Sdn Bhd, to distribute Vincci (VNC) shoes and accessories in Indonesia.

Business 08 Aug 2012 | 12:00 AM

Philippine July inflation quickens; rates seen steady

MANILA: Philippine annual inflation increased in July to its highest in six months, and analysts expect the central bank to hold off on cutting interest rates when it next meets in September, with prices likely to stay high due to weatherrelated supply shocks.