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Retail 07 Dec 2017 | 2:19 AM

Malaysia retail sales down 1.1% in Q3

KUALA LUMPUR: Sales in the Malaysian retail industry contracted 1.1% in the third quarter on eroding Malaysians purchasing power, according a report compiled by Retail Group Malaysia (RGM).

TECH 25 Oct 2017 | 6:03 AM

Smithfield Foods goes online to sell US pork in China

The world's largest pork company WH Group Ltd said on Tuesday its US subsidiary, Smithfield Foods, will for the first time sell its US-produced pork online in China, via online retailer Inc.

Business 20 Oct 2017 | 12:00 AM

Noble Group’s make-or-break deal with Vitol in limbo

LONDON: Vitol Group’s negotiations to buy Noble Group Ltd’s oil trading unit are “very complicated” and may not end in a deal, the chief executive officer of Vitol said, adding to pressure on his Hong Kong-based rival.

Auto 29 Sep 2017 | 3:33 AM

DRB-Hicom completes stake sale in Proton for RM460m

KUALA LUMPUR: DRB-Hicom Bhd has completed its proposed divestment of 547 million shares or 49.9% stake in Proton Holdings Bhd to Zhejiang Geely Group Holding Co for a sum of RM460.3mil.

World 12 Sep 2017 | 10:21 PM

German halt on arms sales to Ankara weakens anti-terrorism fight -Turkey

ANKARA/BERLIN (Reuters) - A decision by Germany to suspend all major arms exports to Turkey weakens Ankara's fight against terrorism and makes Europe vulnerable, Turkish EU Affairs Minister Omer Celik said on Tuesday.

Property 25 Jul 2017 | 12:00 AM

Wah Seong to gain RM98mil from sale

PETALING JAYA: Oil and gas services outfit Wah Seong Corp Bhd, which is proposing to dispose of 126.55 acres of leasehold land together with property in the Gebeng industrial zone near Kuantan, Pahang to Axis Real Estate Investment Trust (REIT), will stand to gain a one-off RM97.7mil from the total sale price of RM155mil of the land and property.