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Asian markets mixed as traders weigh Li remarks, Fed minutes
HONG KONG (AFP): Asian markets were mixed Thursday (May 26) as minutes indicating a less hawkish Fed were offset by China's premier warning that the world's number two economy was in some ways worse off now than during the early days of the pandemic.
Soccer-Melbourne looking for success that money can't buy, says coach Kisnorbo
MELBOURNE (Reuters) - Melbourne City will hope to emulate sister club Manchester City in sealing back-to-back championships at the A-League Grand Final on Saturday. For Melbourne coach Patrick Kisnorbo, that is where the similarities end.
Matrix FY22 new property sales at all-time high
PETALING JAYA: Matrix Concepts Holdings Bhd’s new property sales hit a record-high of RM1.3bil in the financial year ended March 31, 2022 (FY22), growing 11.3% on a year-on-year basis.
Supermax 3Q profit takes a hit due to WRO, lower selling prices
KUALA LUMPUR: Supermax Corporation Bhd’s net profit took a dive to RM13.01 million in the third quarter (Q3) ending March 31, 2022, from RM1.01 billion a year earlier as sales continued to be adversely impacted by the withhold release order (WRO) imposed by the United States coupled with the downtrend in selling prices and demand.
Berlusconi-backed MFE sticks to targets despite tough start to year
MILAN (Reuters) -Italy's MediaForEurope (MFE), which is seeking to establish itself as a counterweight to U.S. streaming giants, confirmed its 2022 guidance despite the impact of higher costs from content such as sports rights on its first quarter profit.
Axiata slips into the red
KUALA LUMPUR: Axiata Group Bhd slid into a net loss of RM42.9mil in the first quarter ended March 31 against a net profit of RM75.56mil a year ago, due to significant foreign exchange (forex) losses of RM476.9mil.
TM 1Q net profit rises 4.4% to RM339.8mil
KUALA LUMPUR: Telekom Malaysia Bhd (TM) posted a 4.4% improvement in net profit to RM339.84mil in the first quarter ended March 31, from RM325.45mil in the same period last year.
