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Telcos 04 Oct 2016 | 9:49 AM

Ericsson to lay off 3,000 in ‘large transformation’

STOCKHOLM: Telecoms equipment maker Ericsson on Tuesday confirmed recent media reports that it will cut 3,000 jobs in Sweden, including in production, research and development.

Corporate News 04 Oct 2016 | 12:21 AM

CIMB Research downgrades Perisai

KUALA LUMPUR: CIMB Equities Research has downgraded Perisai Petroleum Teknologi Bhd from Hold to Reduce and cut the target price from 23 sen to just eight sen.

Business 04 Oct 2016 | 12:00 AM

Globalisation strategy by MDEC

CYBERJAYA: Going global to build presence is never an easy feat for any company – especially with the growing economic uncertainties currently.

Business 03 Oct 2016 | 12:00 AM

ZEW’s Wambach sees German economic boom at risk

FRANKFURT: Germany’s economic success risks being undermined by the country’s unwillingness to adapt, according to the head of the ZEW Center for European Economic Research.

Business 03 Oct 2016 | 12:00 AM

Number of oil rigs back to work rises to 425 in US

NEW YORK: US oil producers put more rigs back to work, marking the highest level of activity since February as crude markets headed for a second monthly gain.

Business 03 Oct 2016 | 12:00 AM

Is it time to revisit the growth model?

PRIOR to 2008 Global Financial Crisis, there were hardly any central banks that considered using any of the unconventional monetary policies such as zero interest rate policy, quantitative easing, credit easing, forward guidance, negative deposit rate and unlimited foreign exchange intervention.

Business 03 Oct 2016 | 12:00 AM

Firms seen focusing on tax compliance planning

IRB and Customs Department ramping up enforcement activities

Corporate News 01 Oct 2016 | 12:33 AM

China's yuan joins elite club of IMF reserve currencies

BEIJING: China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.

Corporate News 30 Sep 2016 | 5:19 AM

SapuraKencana bags RM889m contracts

KUALA LUMPUR: SapuraKencana Petroleum Bhd's units have secured contracts totalling US$215mil or RM889mil for pipelines, provision of a drilling rig and maintenance services

Business 30 Sep 2016 | 12:00 AM

O&G stocks in focus

Opec agrees to cut oil production, but analysts remain cautious of price sustainability