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KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (STMK) remains the preferred sector pick of Affin Hwang Capital research despite a more modest earnings growth outlook in 2020 and 2021.
BENGALURU: Japan’s Nissan Motor Co Ltd has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire.
KUALA LUMPUR: Sime Darby Bhd may be facing some obstacles in its motor business with the ongoing riots in Hong Kong and uncertainties surrounding the US-China trade conflict.
TOKYO: Nissan Motor Co. withdrew its dividend outlook and said it’s now undecided on a payout, dealing an unexpected blow to top shareholder Renault SA.
Mumbai: Tata Group, the owner of Jaguar Land Rover (JLR), has approached carmakers including China’s Zhejiang Geely Holding Group Co and BMW AG as it seeks partnerships for the beleaguered British automotive business, sources said.
FOOD delivery outfit DeliverEat is expecting revenue to double this year as more consumers cosy up to the idea of having their meals delivered to their doorstep.
TOKYO: Toyota Motor Corp’s quarterly profit topped analysts’ estimates thanks to healthy sales of RAV4s in the US and Corollas at home, keeping the Japanese automaker’s business on track amid sputtering global demand for cars.
MUNICH: BMW AG showed signs of recovery under its new chief executive officer, beating analyst estimates in the third quarter on aggressive cost-cutting and demand for upscale models like the big X7 SUV.
LONDON: KPMG plans to cut about 65 of its 635 UK partners by Christmas following a review of individual performance, the Financial Times reported on Sunday, citing two people familiar with the matter.
VAMP Tech Sdn Bhd’s new RM30mil flame retardant resins production facility in Bukit Minyak is well-positioned to tap the growing markets of China, Europe and South-East Asia, says president and chief executive officer Piero Eigenmann.