S&P 500 posts longest losing streak since January
NEW YORK - US stocks fell on Monday, putting the S&P 500 on track for its biggest three-day drop in two months, as investors rotated into defensive names to protect against further...
View ArticleIndonesia told to learn from mistakes in regional trade pacts
Indonesia should take a lesson from its trade partnership agreements with Japan and China before it signs a similar trade deal with South Korea, observers and businessmen have said.University of...
View ArticleWater companies' share prices fall
PETALING JAYA -Â The share prices of some water companies tumbled following news of the federal government's decision to invoke Section 114 of the Water Services Industry Act 2006 (Wasia), although no...
View ArticleSamsung Electronics to see slight dip in profit
Samsung Electronics is expected to post a slight dip in profit in the first quarter of this year. The company said Tuesday its operating profit was estimated to be 8.4 trillion won (S$9.9 billion), a...
View ArticleBoardroom doors not fully open for women
KUALA LUMPUR - Over 200 women are ready to sit as board members of public-listed companies, but the doors seem to remain shut."It is not that we don't have qualified people. It's just that the...
View ArticleHwang-DBS to pay RM2.50 a share special dividend
KUALA LUMPUR - Hwang-DBS (M) Bhd, which has completed the sale of its investment banking business to Affin Holdings Bhd for RM1.36 billion (S$528 million), plans to return RM2.50 a share to its...
View ArticleSunway, Viacom expand tie-up to develop $38.9m Nickelodeon-themed attraction
PETALING JAYA - The Sunway Group has expanded its collaboration with content provider Viacom International Media Networks Asia to develop an RM100 million (S$38.9 million) Nickelodeon-themed attraction...
View ArticleRobert Kuok's POSH to venture into new markets, buy assets
PETALING JAYA - Malaysian Bulk Carriers Bhd's (Maybulk) 21.23 per cent-owned associate PACC Offshore Services Holdings (POSH), which is headed for a listing in Singapore by the end of the month, plans...
View ArticleSamsung forecasts profit drop for second straight quarter
SEOUL - Samsung Electronics on Tuesday posted estimated first quarter operating profits of 8.4 trillion won (S$10.08 billion), marking a second straight year-on-year decline as global smartphone sales...
View ArticleSamsung forecasts 2nd quarter profit drop
Samsung Electronics on Tuesday posted estimated first quarter operating profits of 8.4 trillion won (about S$12.48 billion), marking a second straight year-on-year decline as global smartphone sales...
View ArticleS. Korea's jobless rate falls to 3.5 per cent in March
SEOUL - South Korea's unemployment rate fell to 3.5 per cent in March thanks to new jobs created in agriculture and social services, state data showed Wednesday.The seasonally-adjusted figure compares...
View ArticleAustralia's David Jones jumps 23 per cent on S.Africa's Woolworths...
SYDNEY - Shares in Australia's David Jones jumped 23 per cent to after the department store operator agreed to a takeover from South Africa's Woolworths Holdings Ltd, valuing the company at around...
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Prime office rents rise 5.5 per cent in Q1
SINGAPORE - A lack of new supply and increased demand amid a more upbeat business climate boosted prime office rents in the first quarter, said property consultancy Cushman & Wakefield...
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Automation helps F&B firms dish out wage hikes
SINGAPORE - Increasing numbers of food and beverage (F&B) firms are automating their processes to deal with staff shortages, said labour chief Lim Swee Say yesterday.Yet the trend across the...
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OCBC dangles interest-rate carrot
OCBC Bank is giving customers a higher interest rate based on the number of transactions they do with the bank, under its enhanced OCBC 360 account.This is similar to a DBS Bank scheme launched last...
View ArticleTropicana asset monetisation strategy still intact
TROPICANA CORP BHDBy UOB Kay HianHold (downgraded)Target Price: RM1.74 (S$0.67)Tropicana Corp Bhd's asset monetisation strategy is still intact with the most recent being its partial disposal of the...
View ArticleJapan may cut US beef tariffs in crucial trade talks: media
TOKYO - Japan is considering slashing tariffs on United States beef imports to less than 10 per cent from the current 38.5 per cent in negotiations aimed at laying the ground for a broad Pacific trade...
View ArticleBlackberry may consider exiting handset business
NEW YORK - BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate...
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Bye bye, love!
February is the month for love, and they say love is blind. But, at the risk of sounding like a wet blanket, you shouldn't be blind when it comes to facing the repercussions of a break-up on what could...
View ArticleIndonesia's central bank keeps policy rate unchanged
JAKARTA - The central bank of Indonesia has kept its policy rate unchanged for the fifth consecutive month after inflationary pressures eased, bringing the country's real interest rate into positive...
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