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Markets 10 Nov 2017 | 3:44 PM

Wall St down on signs of delay in corporate tax cuts

NEW YORK: Wall Street edged lower at the open on Friday hurt by signs of delay in corporate tax cuts until 2019, which may stall the market rally.

TECH 10 Nov 2017 | 5:00 AM

Uber boss says US market unprofitable amid tough competition from Lyft

Uber Technologies Inc will continue to lose money in its home market for at least the next six months as rival Lyft Inc poses a fierce competitive challenge.

Business 10 Nov 2017 | 12:53 AM

Breakfast briefing: Friday, November 10

Breakfast briefing: Friday, November 10

Corporate News 10 Nov 2017 | 12:00 AM

Malaysia Smelting net profit down 56%

PETALING JAYA: Malaysia Smelting Corp Bhd posted a 55.8% decline in net profit to RM7.65mil for the third quarter ended Sept 30, 2017 from RM17.3mil a year ago.

Property 10 Nov 2017 | 12:00 AM

AP Setia sees higher contribution from Aussie, other overseas projects

PETALING JAYA: Property developer SP Setia Bhd expects higher contribution from its overseas projects, boosted by the strong demand for its offerings in Australia, to make up for sluggish sales in the local market. The company is maintaining its full-year sales target at RM4bil.

Corporate News 10 Nov 2017 | 12:00 AM

PetChem quarterly net profit up slightly

PETALING JAYA: Petronas Chemicals Group Bhd’s quarterly net profit rose marginally with revenues rising at a higher quantum of 13% due to higher prices and a strengthening of the US dollar coupled with higher sales.

Corporate News 10 Nov 2017 | 12:00 AM

Malaysian party keen to buy Khoo’s MUI stake

PETALING JAYA: A local party is understood to be interested in taking over Tan Sri Khoo Kay Peng’s stake in Malayan United Industries Bhd (MUI), an asset-rich company with businesses in real estate, hotels, retail, financial services as well as food and confectionery.

Corporate News 09 Nov 2017 | 3:55 PM

Malaysia Smelting's net profit falls 56%

PETALING JAYA: Malaysia Smelting Corp Bhd posted a 55.8% decline in net profit to RM7.65mil for the third quarter ended Sept 30, 2017 from RM17.3mil a year ago.

TECH 09 Nov 2017 | 5:00 AM

Fast-growing cyber crime threatens financial sector

The "remorseless" growth of cyber crime is leading to 4,000 ransom attacks a day and gangs' technological capability now threatens critical parts of the financial sector.

Corporate News 09 Nov 2017 | 12:00 AM

Barclays fine slashed in US settlement on power manipulation

NEW YORK: A US regulator agreed to let Barclays Plc pay US$105mil to resolve claims that the bank manipulated western US electricity markets, avoiding a trial over a proposed record penalty more than four times as high.