RSSCategory: News

Fidelity and T. Rowe cut Tesla stakes by more than 20%

Fidelity and T. Rowe cut Tesla stakes by more than 20%

The moves came in the second quarter, before Tesla Chairman Elon Musk said he may take the company private. The Tesla Motors Inc logo on a window at the company’s new showroom in San Francisco, California, US. (Bloomberg pic) WASHINGTON: Fidelity Investments and T. Rowe Price Group Inc, two of the largest investors in Tesla Inc, […]

August 15, 2018 | By | Reply More
Malaysian economy could shrink if US-China trade war escalates

Malaysian economy could shrink if US-China trade war escalates

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) could contract by 1.3% in two years should the trade war between the United States and China intensify. CIMB Group chief economist Dr Donald Hanna said Malaysia’s economic growth could shrink in the event of continuous escalation in tariff imposition and a confidence shock in the financial market, […]

August 14, 2018 | By | Reply More
AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

PETALING JAYA: AirAsia Group Bhd has divested its remaining 25% stake in its joint venture (JV) company AAE Travel Pte Ltd for US$60 million (RM240 million) to the 75% stakeholder, Expedia Inc’s Expedia Southeast Asia Pte Ltd, in a bid to monetise its investment and utilise the proceeds as working capital. AirAsia divested the other […]

August 14, 2018 | By | Reply More
YTL Hospitality REIT acquiring Hokkaido ski resort for RM222.5m cash

YTL Hospitality REIT acquiring Hokkaido ski resort for RM222.5m cash

PETALING JAYA: YTL Hospitality REIT (YTL REIT) is acquiring The Green Leaf Niseko Village for ¥6 billion cash (RM222.5 million) from Niseko Village KK (Niseko Village), an indirect wholly owned subsidiary of YTL Corp Bhd. In a filing with Bursa Malaysia today, YTL REIT said its wholly owned subsidiary Starhill REIT Niseko GK (Starhill Niseko) […]

August 14, 2018 | By | Reply More
India's Fortis sees signs of recovery, shareholders approve takeover by IHH Healthcare

India's Fortis sees signs of recovery, shareholders approve takeover by IHH Healthcare

BENGAlURU: Cash-strapped Indian hospital operator Fortis Healthcare Ltd said today it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia’s IHH Healthcare Bhd. Fortis, which operates about 30 private hospitals in India, reported a net loss of 707.4 million rupees (RM41.5 million) for the three months […]

August 14, 2018 | By | Reply More
BMW launches new i8 Coupe, priced from RM1.32m

BMW launches new i8 Coupe, priced from RM1.32m

<p>KUALA LUMPUR: BMW Group Malaysia, the official distributor of BMW and MINI cars in the country, has launched the new BMW i8 Coupé at a price of RM1.32 million excluding insurance during the tax free period.</p> © New Straits Times Press (M) Bhd

August 14, 2018 | By | Reply More
Toll concessionaires’ shares rise

Toll concessionaires’ shares rise

PETALING JAYA: The shares of most toll concessionaires rose today after the government decided to postpone the abolishment of tolls. Among the nine toll concessionaires listed on Bursa Malaysia, Lingkaran Trans Kota Holdings Bhd (Litrak) was the top gainer, rising 2.85% or 13 sen to close at RM4.69 with 704,700 shares traded today. The company, […]

August 14, 2018 | By | Reply More
Nestle’s Q2 earnings driven by higher margin

Nestle’s Q2 earnings driven by higher margin

PETALING JAYA: Nestle (Malaysia) Bhd’s net profit for the second quarter ended June 30 rose 2.93% to RM166.16 million from RM161.44 million a year ago due to higher margin. In a filing with Bursa Malaysia, the company said its gross profit margin increased by 10 basis points from 37.8% to 37.9%. Nestle saw a slight […]

August 14, 2018 | By | Reply More
Edaran slapped with UMA query

Edaran slapped with UMA query

PETALING JAYA: Edaran Bhd has been issued an unusual market activity (UMA) query by Bursa Malaysia on the sharp rise in the price and volume of its shares recently. The company’s share price jumped 57% or 26 sen to 71.5 sen on Monday with 47.36 million shares traded. The IT services provider is required to […]

August 14, 2018 | By | Reply More
India’s Cosmos Bank loses US$13.5 mln in cyber attack

India’s Cosmos Bank loses US$13.5 mln in cyber attack

The co-operative bank said unidentified hackers stole customer information through a malware attack on its automated teller machine (ATM) server. A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture. (Reuters pic) MUMBAI: Cybercriminals hacked the systems of India’s Cosmos Bank and syphoned off nearly 944 million […]

August 14, 2018 | By | Reply More