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French grape harvest heading to historic low

French grape harvest heading to historic low

PARIS: Knocked off course by a cold spring snap, French wine production from Bordeaux to Alsace has dropped dramatically this year and could hit “a historic low“, according to the agriculture ministry.

July 22, 2017 | By | Reply More
Truckers crying foul over massive delays at Westports

Truckers crying foul over massive delays at Westports

KLANG: The ongoing massive congestion at Westports is taking a heavy toll not only on hauliers in terms of financial losses but also truck drivers’ health.

July 22, 2017 | By | Reply More
Ringgit's performance likely to be encouraging next week

Ringgit's performance likely to be encouraging next week

KUALA LUMPUR: The ringgit’s performance is likely to be encouraging with an upside bias against the US dollar next week as Bank Negara Malaysia reaffirms the local note’s steadiness, said RHB Research. In a note today, RHB Research said, the central bank has indicated that the ringgit has stabilised following its implementation of foreign exchange […]

July 22, 2017 | By | Reply More
M'sian rubber industry shifting to high-value engineering: Mah Siew Keong

M'sian rubber industry shifting to high-value engineering: Mah Siew Keong

KUALA LUMPUR: The Malaysian rubber export industry is moving towards high-value precision engineering, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said today.

July 22, 2017 | By | Reply More
Bursa Malaysia likely to be firm next week

Bursa Malaysia likely to be firm next week

KUALA LUMPUR: Trading on Bursa Malaysia is likely to be firm next week and the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to move around 1,770-level, backed by both external and domestic factors, namely gains in global bourses as well as the coming Budget 2018. Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk […]

July 22, 2017 | By | Reply More
MAHB maintains 8pc growth target

MAHB maintains 8pc growth target

MAHB maintains 8pc growth target

July 22, 2017 | By | Reply More
Initiative Media conquers MMA 2017

Initiative Media conquers MMA 2017

INITIATIVE Media (M) Sdn Bhd recently bagged the “Agency of the Year” award at the 13th Malaysia Media Awards (MMA) after sweeping seven gold and three silvers. The MMA 2017, themed “Beyond the Box”, introduced three new awards in light of the increase in entries. Here are the lists of winners: 2017 Malaysia Media Awards […]

July 22, 2017 | By | Reply More
GE shares fall as profit slumps, investors await new CEO’s targets

GE shares fall as profit slumps, investors await new CEO’s targets

It beat analyst expectations on adjusted profit, but cash flow was weak and GE said full-year profit and cash flow will be at the low end of its forecasts. SAN PEDRO: General Electric Co’s shares dropped sharply on Friday after it posted a 59% decline in second-quarter profit and put off an expected cut to […]

July 22, 2017 | By | Reply More
FTC probing allegations of Amazon’s deceptive discounting

FTC probing allegations of Amazon’s deceptive discounting

An analysis found that in 61% of products with reference prices, Amazon’s reference prices were higher than it had sold the same product in the previous 90 days, Consumer Watchdog said in a letter to the FTC dated July 6. WASHINGTON: As part of its review of Amazon’s agreement to buy Whole Foods, the Federal […]

July 22, 2017 | By | Reply More
Ford to petition to avoid US recall of 2.5 million vehicles

Ford to petition to avoid US recall of 2.5 million vehicles

NHTSA said the petition will seek an exemption from the recall because Ford believes the issue is inconsequential. WASHINGTON: Ford Motor Co will petition to avoid a US recall of about 2.5 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, US regulators and the automaker said on Friday. […]

July 22, 2017 | By | Reply More