Author Archive: Free Malaysia Today

rss feed

Author's Website

Widodo says would like to see lower interest rates

Widodo says would like to see lower interest rates

February 10, 2016 JAKARTA: Indonesian President Joko Widodo said on Wednesday he would like to see lower interest rates to lift economic growth and bolster industry but he cannot interfere in the monetary policy of the central bank because it is independent. “I would like to see a lower interest rate but I cannot force […]

February 10, 2016 | By | Reply More
Chinese fund offers $1.2 billion for Opera web browser company

Chinese fund offers $1.2 billion for Opera web browser company

February 10, 2016 OSLO: Norway’s Opera Software, which makes the popular Opera web browser, said Wednesday that China’s Golden Brick Silk Road investment fund had offered 10.5 billion kroner ($1.2 billion) to buy the company. The Opera board unanimously recommended the offer, saying that at 71 kroner per share, it represents a 56-percent premium on […]

February 10, 2016 | By | Reply More
Heineken profits up 25 percent to 1.89b euros in 2015

Heineken profits up 25 percent to 1.89b euros in 2015

February 10, 2016 THE HAGUE: Dutch brewing giant Heineken on Wednesday announced a 25-percent rise in net profits for 2015, on the back of higher sales and favourable exchange rates. The full-year net attributable profit was 1.89 billion euros ($2.13 billion), compared with 1.52 billion euros in 2014, while turnover was up 6.5 percent to […]

February 10, 2016 | By | Reply More
US crude rebounds in Asia but supply glut worries weigh

US crude rebounds in Asia but supply glut worries weigh

February 10, 2016 SINGAPORE: Oil prices rebounded on bargain-buying in Asia Wednesday after the previous day’s plunge but analysts warned any gains would be limited as the global glut that has hammered markets showed no sign of letting up. Investors are also nervously awaiting the release later in the day of a report on US […]

February 10, 2016 | By | Reply More
IEA takes oil market bulls to the slaughterhouse

IEA takes oil market bulls to the slaughterhouse

PARIS: Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, the IEA said Tuesday, noting OPEC is responsible for the latest glut of supplies on the market. The International Energy Agency said in its monthly report that “it is very […]

February 10, 2016 | By | Reply More
Cost cuts, cheaper commodities help Coca-Cola top profit estimates

Cost cuts, cheaper commodities help Coca-Cola top profit estimates

NEW YORK: Coca-Cola Co reported a better-than-expected profit in the last three months of 2015, helped by aggressive cost-cutting and lower commodity costs. The soda maker’s revenue fell 8 percent, but surpassed analysts’ average estimate, boosted by price hikes and the company’s bet on smaller can and bottle sizes. Coca-Cola’s shares rose about 1 percent […]

February 9, 2016 | By | Reply More
Obama proposes $4.1 trillion spending plan in final White House budget

Obama proposes $4.1 trillion spending plan in final White House budget

WASHINGTON: US President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic priorities. Obama, a Democrat who leaves office next January, sought to outline his fiscal and political […]

February 9, 2016 | By | Reply More
ESPN takes the edge off ‘Star Wars’ success at Disney

ESPN takes the edge off ‘Star Wars’ success at Disney

FRANCE: A drop in profit at Walt Disney Co’s cable networks unnerved investors despite jumps in overall quarterly income and revenue, driven by the blockbuster release of “Star Wars: The Force Awakens”. Disney shares fell 2.7 percent to $89.75 in after-hours trading. They fell 9.5 percent in the 12 months up until Tuesday’s close. The […]

February 9, 2016 | By | Reply More
Yellen faces tough sell on Fed rate hikes in Congress

Yellen faces tough sell on Fed rate hikes in Congress

WASHINGTON: Federal Reserve Chair Janet Yellen will defend the U.S. central bank’s first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace, when she addresses Congress on Wednesday. Yellen, who is certain to be grilled by lawmakers on whether the economy really is […]

February 9, 2016 | By | Reply More
Wall Street cuts losses late to end tad lower

Wall Street cuts losses late to end tad lower

NEW YORK: US stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. Energy was the day’s weakest sector, with the energy index SPNY falling 2.5 percent as US crude settled 5.9 percent lower. Shares of Anadarko Petroleum dropped […]

February 9, 2016 | By | Reply More