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Business

Jaguar, where did that extra US$1bil come from?

Cash is fungible. So if a company suddenly has US$1bil more of it, does it matter where it comes from? For Jaguar Land Rover, it should.

TECH

Facebook: Fake account removal doubles in 6 months to 3 billion

Facebook removed more than 3 billion fake accounts from October to March, twice as many as the previous six months, the company said on May 23.

Business

Short position

WHETHER people like it or not, it is the foreign flow of money into the stock market that really is the fifth gear for market momentum.

Business

Supermax reports RM34.6mil profit in Q3

KUALA LUMPUR: Glovemaker Supermax Corp Bhd said the slowdown faced by the industry earlier this year is over, as the company posted another quarter of steady growth.

Business

OPR cut a boon to auto sector, say brokerages

PETALING JAYA: The latest overnight policy rate (OPR) cut is expected to improve consumer spend within the local automotive sector.

Business

S&P 500 posts best 4-month run in nearly nine years; Apple jumps

NEW YORK: The S&P 500 eked out another record high close on Tuesday and capped its best four-month stretch in nearly nine years after a recent rally that helped to restore investors' belief in the decade-long bull run

Business

Government finalising strategic partner for third national car

KUALA LUMPUR: ?Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof said the partnership, to be inked soon, would be announced by Prime Minister Tun Dr Mahathir Mohamad.

Business

Pockets of opportunities

AMID the current property backdrop, a common phrase among optimists is that the lacklustre market offers “pockets of opportunities”.

Business

KPJ to spend up to RM300mil on capex annually

JOHOR BARU: KPJ Healthcare Bhd, which is still bullish on the prospects of private healthcare in the country, will be allocating between RM200mil and RM300mil as capital expenditure (capex) yearly.

Business

Malaysian, Chinese firms Interest in Penang airport expansion

GEORGE TOWN: At least six companies, including two from China, are said to be interested to be part of the expansion of the RM1.2bil Penang International Airport (PIA).