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Business

Ping An Healthcare plunges below IPO price range

HONG KONG: Investors couldn’t get enough of Ping An Healthcare & Technology Co’s initial public offering (IPO). Now they can’t get out fast enough.

Business

HSS looking to expand in water and power sectors

KUALA LUMPUR: HSS Engineers Bhd is looking to expand its presence in the water and power sectors, in line with projected increased government spending in these areas.

Business

Nestle pays US$7.2bil to sell coffee with Starbucks brand

ZURICH: Nestle SA and Starbucks Corp are joining forces to rejuvenate their coffee empires.

Metro News

15,600 throng the streets of Ipoh for Starwalk

IPOH Starwalk 2018 saw its largest participation to date since the annual fun walk by the Star Media Group was first held 15 years ago.

TECH

ZTE says asked US Commerce Department to suspend business ban

China's ZTE Corp has submitted an application to the US Commerce Department's Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday.

Business

China's ZTE says asked US Commerce Department to suspend business ban

BEIJING: China's ZTE Corp has submitted an application to the U.S. Commerce Department's Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday.

Business

Junk bonds are getting junkier

ONE thing owners of junk bonds are usually sure of is that when the borrower defaults, they will get a veto on cash going to shareholders, to junior debtors or into new deals.

Business

Overflowing with cash, the world’s largest-money market fund trying new tactic

THE world’s largest money-market fund has too much cash to manage.

Business

DNeX expects up to RM21mil revenue from sub-contract

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) expects a sub-contract for the vehicle entry permit system project secured by a 51% owned subsidiary to generate revenue ranging from RM19mil and RM21mil a year.

Business

US stocks rally as inflation fears ebb; Apple at record high after Buffet's Berkshire raises stake

NEW YORK: The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week