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Bursa Malaysia ends lower on lack of buying interest

Bursa Malaysia ends lower on lack of buying interest

KUALA LUMPUR: Bursa Malaysia closed lower today with most heavyweights finishing in the red due to lack of buying interest, dealers said. At 5pm, the benchmark index was down 9.84 points at 1,696.95 after hovering between 1,964.88 and 1,703.75 throughout the day. Market breadth was negative as losers thumped gainers 608 to 253 while 271 […]

October 27, 2015 | By | Reply More
Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit ended Tuesday’s trading session lower against the US dollar amid uncertainties brought about by the US Federal Reserve’s impending decision on an interest hike, a dealer said. At 5pm, the local unit was quoted at 4.2600/2690 against the US dollar from yesterday’s 4.2220/2280. The dealer said the Federal Open Market Committee’s […]

October 27, 2015 | By | Reply More
SMRT posts 1.9% rise in Q2 profit despite loss in fare business

SMRT posts 1.9% rise in Q2 profit despite loss in fare business

SINGAPORE: SMRT’s net profit for the second quarter of FY2016 grew 1.9 per cent from a year ago to S$25.7 million, the transport operator announced on Tuesday (Oct 27). SMRT attributed this largely to contributions from Shenzhen Zona Transportation Group in which it has a 49 per cent stake. Despite the improved bottomline, SMRT said […]

October 27, 2015 | By | Reply More
Global stocks rally stalls as investors eye Fed, BOJ, Apple

Global stocks rally stalls as investors eye Fed, BOJ, Apple

LONDON: World stocks and the dollar dipped on Tuesday, as investors locked in some of the sharp gains seen over the last month ahead of the Federal Reserve’s policy meeting and results from gadget giant Apple. European shares opened down 0.5 percent for second day running as a profit warning from the world’s largest chemicals […]

October 27, 2015 | By | Reply More
Comcast posts in-line results, helped by 'Minions,' Internet unit growth

Comcast posts in-line results, helped by 'Minions,' Internet unit growth

NEW YORK: Comcast Corp, the cable and entertainment company, posted in-line third-quarter results on Tuesday, helped by its NBCUniversal’s box-office hit “Minions” and growth in its high-speed Internet and business services divisions. Comcast, which is both the largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider, reported total revenue rose 11.2 percent […]

October 27, 2015 | By | Reply More
Weaker commodity prices to weigh on economic outlook: Fitch

Weaker commodity prices to weigh on economic outlook: Fitch

KUALA LUMPUR: Weaker commodity prices will weigh on Malaysia’s fiscal and economic outlook next year, warns Fitch Ratings. The government’s conservative oil price estimate of US$48 per barrel assumption in 2016 Budget is below Fitch’s projection of US$60. “This could point to some upside for oil-based revenues and would partly be offset by higher subsidy […]

October 27, 2015 | By | Reply More
Pfizer revenue falls about 2 percent on strong dollar

Pfizer revenue falls about 2 percent on strong dollar

REUTERS: U.S. drugmaker Pfizer Inc reported a 2.2 percent fall in quarterly revenue, hurt by a strong dollar. The company’s net income fell to US$2.13 billion, or 34 cents per share, in the third quarter, from US$2.67 billion, or 42 cents per share, a year earlier. Revenue fell to US$12.09 billion from US$12.36 billion, the […]

October 27, 2015 | By | Reply More
DuPont's profit beats estimates on cost cuts

DuPont's profit beats estimates on cost cuts

REUTERS: Chemicals and seed producer DuPont reported a bigger-than-expected quarterly profit as its cost-cutting efforts helped offset the impact of a strong dollar and weakness in its agriculture business. Cost reductions contributed 10 cents per share to third-quarter operating earnings of 13 cents, helping the company beat the average analyst estimate of 10 cents. Dupont […]

October 27, 2015 | By | Reply More
Britain registers quarterly GDP growth of 0.5%

Britain registers quarterly GDP growth of 0.5%

GEORGE OSBORNE, Britain’s chancellor of the exchequer, has long crowed that the economy he presides over is one of the fastest-growing in the rich world. But GDP figures, published today, will give some cause for concern. They showed that in the third quarter Britain’s economy grew by just 0.5% (2% in annualised terms), down from […]

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Germany invites US experts to check diesel tests after VW scandal

Germany invites US experts to check diesel tests after VW scandal

BERLIN: German Transport Minister Alexander Dobrindt has invited U.S. experts to Germany to observe checks being conducted on vehicles with diesel engines, as a result of Volkswagen’s emissions-rigging scandal. On a visit to Washington, Dobrindt said he had updated his U.S. counterpart, Anthony Foxx, on measures Germany has taken to clear up the scandal and […]

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