Author Archive: Free Malaysia Today

rss feed

Author's Website

Brent crude trades at US$10 premium to US oil amid Iran risk

Brent crude trades at US$10 premium to US oil amid Iran risk

Nomac Drilling Corp. derrick man, right, climbs down from an overhead platform after connecting a section of drill pipe on a Chesapeake Energy Corp. natural gas drill site in Bradford County, Pennsylvania, U.S. (Bloomberg pic) LONDON: Brent crude, the global oil benchmark, traded at more than a $10 a barrel premium to US futures as […]

September 11, 2018 | By | Reply More
Tencent steps up share buyback in first repurchase since 2014

Tencent steps up share buyback in first repurchase since 2014

An attendee walks through the entrance of Tencent Holdings Ltd.’s WeChat Open Class Pro conference in Guangzhou, China, on Monday, Jan. 15, 2018. (Bloomberg pic) HONG KONG: Tencent Holdings Ltd bought back shares for a second day on Monday after its first repurchase in four years spurred speculation the battered internet behemoth may do more […]

September 11, 2018 | By | Reply More
Cadbury owner Mondelez braces for hard Brexit, stockpiles products

Cadbury owner Mondelez braces for hard Brexit, stockpiles products

The logo of Mondelez International is pictured at the company’s building in Zurich November 14, 2012. REUTERS/ ZURICH: Mondelez International Inc, the owner of Cadbury brand, is stockpiling ingredients, chocolates and biscuits in case of a no-deal Brexit, the Times reported on Tuesday, citing the president of Mondelez’s European division. The United Kingdom is due […]

September 11, 2018 | By | Reply More
SE Asia stocks: Most fall; Singapore hits 1-1/2 year closing low

SE Asia stocks: Most fall; Singapore hits 1-1/2 year closing low

As investors await the next developments in the China-US trade spat, they moved in to pick up cheaper stocks. (AFP pic) SINGAPORE: Most Southeast Asian stock markets ended lower on Tuesday, with Singapore hitting a one-and-a-half year low and Philippines extending losses to a fifth session amid fears of further escalation in the US-Sino trade […]

September 11, 2018 | By | Reply More
Alibaba, Russian tech firm Mail.ru to launch new venture

Alibaba, Russian tech firm Mail.ru to launch new venture

Alibaba was founded by tech billionaire Jack Ma in 1999. (AFP pic) VLADIVOSTOK: Chinese e-commerce giant Alibaba and Russian technology group Mail.ru on Tuesday announced a deal to launch a joint venture in Russia and former Soviet countries. The two groups, along with the Russian sovereign wealth fund RDIF and telecom operator MegaFon, announced the […]

September 11, 2018 | By | Reply More
Trade woes push EM stocks to 15-month low, currencies bounce

Trade woes push EM stocks to 15-month low, currencies bounce

Global markets have rallied this week but analysts warn the China-US trade is still to be resolved. (AFP pic) LONDON: Lingering trade war worries saw emerging-market stocks whither to a fresh 15-month low on Tuesday, though a tepid dollar gave currencies a chance to recover with Russia’s rouble chalking up healthy gains before a central […]

September 11, 2018 | By | Reply More
Pizza firm DP Eurasia’s profit rises as it passes on Turkish inflation

Pizza firm DP Eurasia’s profit rises as it passes on Turkish inflation

The sign of a Domino’s Pizza restaurant is seen in Paris, France, October 27, 2016. (Reuters pic) AMSTERDAM: DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, reported an 8% rise in first-half core profit on Tuesday and said it had not seen a slowdown in demand despite raising prices to keep […]

September 11, 2018 | By | Reply More
Telecoms group Iliad’s shares rise after winning Italy licence

Telecoms group Iliad’s shares rise after winning Italy licence

A guest speaks on a mobile phone as she arrives for the French telecoms operator Iliad’s media conference in Milan, Italy, May 29, 2018. (Reuters pic)  PARIS: Shares in Iliad, the French telecoms group founded by billionaire Xavier Niel, rose on Tuesday after Iliad won the frequency for the 5G mobile phone licence in Italy […]

September 11, 2018 | By | Reply More
Dead rat in hotpot sends China restaurant stock sliding

Dead rat in hotpot sends China restaurant stock sliding

Plates of food sit next to a pot of spicy broth at a Haidilao hotpot restaurant, operated by Sichuan Haidilao Catering Co., in Shanghai, China, on Sunday, July 9, 2017. (Bloomberg pic) HONG KONG: A Chinese restaurant operator is in hot water after local media reported that a customer discovered a dead rat in a […]

September 11, 2018 | By | Reply More
Japan’s Universal plans backdoor listing for Philippine casino operator

Japan’s Universal plans backdoor listing for Philippine casino operator

The logo of the Universal Entertainment Corp. is seen at the company’s headquarters in Tokyo February 14, 2013. (Reuters pic) MANILA: Japan’s Universal Entertainment Corp is taking its Philippines casino operator public through a subsidiary’s purchase of a majority stake in Manila-listed Asiabest Group International. Asiabest, a holding company, said on Tuesday its shareholders signed […]

September 11, 2018 | By | Reply More