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Stock on the Move 26 Oct 2018 | 2:00 AM

Selangor Properties shares surge on privatisation deal

KUALA LUMPUR: Selangor Properties Bhd shares surged in early trade Friday after its shareholder Kayin Holdings Sdn Bhd proposed to take the company private.

Corporate News 26 Oct 2018 | 1:43 AM

Asian shares struggle to shake off rout despite Wall St bounce

SHANGHAI: Asian shares wobbled in early Friday trade, struggling to shake off the previous day's global markets rout, after weak results from tech giants Alphabet Inc and heightened concerns over world trade and economic growth.

Corporate News 26 Oct 2018 | 12:05 AM

Intel bucks chip industry woes; powered by PCs, iPhones

SAN FRANCISCO: Intel Corp beat analysts' estimates for quarterly profit and revenue on Thursday, driven by its high-margin data center business and strong demand for its PC chips, sending its shares up as much as 6.0 percent in extended trading.

Business 26 Oct 2018 | 12:00 AM

China's US$4bil fund liquidation leaves traders guessing

BEIJING: Two funds linked to the Chinese government sold all their holdings of stocks and bonds in the third quarter without explaining why, leaving investors to guess at the implications for the country’s turbulent financial markets.

Business 26 Oct 2018 | 12:00 AM

Prestariang comes under pressure

Forced selling by major shareholder as speculation persists on SKIN contract

Business 26 Oct 2018 | 12:00 AM

Tesla’s Q3 profit repairs much of CEO’s damage to stock

SAN FRANCISCO: Profit secured. Tesla Inc blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk’s bid to make selling electric cars a financially sustainable business.

Business 26 Oct 2018 | 12:00 AM

Analyst Reports


Business 26 Oct 2018 | 12:00 AM

Major shareholder plans to privatise Selangor Properties

Kayin Holdings proposes RM622mil cash repayment

Business 26 Oct 2018 | 12:00 AM

AB InBev cuts dividend payout as rising rates squeeze debtors

LONDON: Anheuser-Busch InBev NV, the world’s largest brewer, cut its dividend in half as it seeks to pay down its US$109bil debt mountain, much of it taken on to acquire rival SABMiller Plc in 2016.

Business 26 Oct 2018 | 12:00 AM

It’s time to consider Softbank’s future without Saudi money

TOKYO: With the growing backlash against Saudi Arabia over the murder of government critic Jamal Khashoggi, SoftBank Group Corp faces tough decisions in its relationship with the kingdom.