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For Uber, Postmates deal is better than nothing
UBER Technologies Inc needs to act fast to buttress its food-delivery business. It now has a second chance and shouldn’t blow it
Saudi bank merger points to trouble in the economy
Testing times for kingdom’s transformation plan
Wary hedge fund managers aren’t buying the rally in India stocks
MUMBAI: Hedge fund managers in India are joining global peers in preparing for another rout in equities, as the rally in local stocks overlooks the pandemic and a dim economic outlook
KPS preserving liquidity due to impact of Covid-19
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) will emphasise on preserving liquidity and safeguard its present operations and business prospects as it expects the Covid-19 pandemic to impact its financial performance this year.
PetDag, gloves nudge KLCI above key 1,500 level
KUALA LUMPUR: Petronas Dagangan and glove makers helped push the FBM KLCI above the key 1,500 level early Tuesday, which was the last trading day of the second quarter, as investor sentiment was emboldened by the firmer Wall Street closing.
Sapura Energy returns to profit in first quarter
PETALING JAYA: Sapura Energy Bhd, which announced a plan to cut 20% of its workforce last week, has returned to profitability in the first quarter ended April 30.
UOA to acquire more land for development
PETALING JAYA: UOA Development Bhd is looking to acquire more land as it remains focused on pursuing property developments within the Greater Kuala Lumpur region.
Cost cuts keep leaner Sapura Energy afloat in Q1
KUALA LUMPUR: Sapura Energy Bhd reported a higher operating profit in the first quarter ended April 30 on improved project margins.