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AirAsia jumps while KLCI treks higher on Petronas stocks

KUALA LUMPUR: AirAsia jumped in active trade early Thursday after declaring the special dividend of 90 sen a share, providing some support for the overall market despite the weaker key Asian bourses.

Affin Hwang Research upgrades AirAsia to buy, TP RM3.35

KUALA LUMPUR: Affin Hwang Capital Research has upgraded AirAsia Group to Buy with a target price of RM3.35 from RM2.86 for the generous dividend, solid operating performance and the bright prospects of its digital business.

Mining giant BHP half-year profit hit by US tax charges

SYDNEY: Higher commodity prices helped global mining giant BHP report a first-half net profit of US$2.02bil on Tuesday, but the result was weighed down by a hefty charge from US tax reforms.

Boeing Q3 profit jumps; raises delivery and revenue outlook

NEW YORK: Boeing Co on Wednesday beat profit expectations in the third quarter despite declining revenue and notched up its sales forecast for the full year, saying it planned to deliver more jetliners than it originally thought.

S&P ups Samsung Elec credit rating on solid performance

SEOUL, Aug 8 (Reuters) - Standard & Poor's said on Thursday it raised its long-term credit rating on Samsung Electronics Co (SEC) by one notch to A-plus, saying Samsung would likely maintain solid financial performance over the next two years.

News in brief

Sterling results for YTL group

The YTL group of companies has reported sterling results for the financial year ended June 30.