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Affin shares fall slightly after Bank Negara approves general insurer stake buy

Affin shares fall slightly after Bank Negara approves general insurer stake buy

PETALING JAYA: Affin Holdings Bhd’s share price fell slightly, by 0.38% this morning, after Bank Negara Malaysia (BNM) approved its planned purchase of 7.07% equity interest in AXA Affin General Insurance Bhd from Felda Marketing Services Sdn Bhd (Felma) for RM99.09 million. At 10.42 am, its share price stood at RM2.64 with 31,500 shares changing […]

September 19, 2017 | By | Reply More
Toy companies’ shares tumble on concerns of Toys ‘R’ Us bankruptcy

Toy companies’ shares tumble on concerns of Toys ‘R’ Us bankruptcy

Reorg Research, which provides news and analysis on the distressed debt market, said on its website that a bankruptcy filing could be made in Virginia as soon as Monday. SAN FRANCISCO: Shares of Mattel Inc and Hasbro Inc, the two largest US toy makers, fell on Monday on concerns that retailer Toys “R” Us, a […]

September 19, 2017 | By | Reply More
KL shares open higher on lack of buying interest

KL shares open higher on lack of buying interest

KUALA LUMPUR: Bursa Malaysia opened marginally higher but retreated on lack of buying interest, dealers said. At 9.24am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,781.44, down 2.2 points, against yesterday’s close of 1,783.66. Earlier, the benchmark index opened 0.02 of-a-point higher at 1,783.66. A dealer said the local bourse is expected to […]

September 19, 2017 | By | Reply More
Intel collaborates with Waymo on self-driving computer design

Intel collaborates with Waymo on self-driving computer design

Intel Chief Executive Brian Krzanich told Reuters that Intel built “a custom piece of silicon” that fit Waymo’s sensor fusion needs and tapped Intel’s processing power. SAN FRANCISCO: Intel Corp on Monday announced a collaboration with Alphabet’s Waymo self-driving unit, saying it had worked with the company during the design of its computer platform to […]

September 19, 2017 | By | Reply More
FedEx to raise shipping rates for some services

FedEx to raise shipping rates for some services

The company said rates of FedEx Ground and FedEx Home Delivery will also rise by an average of 4.9%. SAN FRANCISCO: Package delivery company FedEx Corp said on Monday it would raise shipping rates for some of its services from Jan. 1. FedEx Express rates will go up by an average of 4.9% for US […]

September 19, 2017 | By | Reply More
Honda invests US$267 million, to add 300 jobs for new Accord model

Honda invests US$267 million, to add 300 jobs for new Accord model

The new Accord, like rival Toyota Motor Corp’s all-new Camry, offers more horsepower, safety technology like standard collision-avoiding braking and better fuel economy although Honda did not release figures. DETROIT: Honda Motor Co Ltd said on Monday its has invested US$267 million and will add 300 new jobs to support increased production of its revamped […]

September 19, 2017 | By | Reply More
Sept 19: Ringgit opens marginally lower against US dollar

Sept 19: Ringgit opens marginally lower against US dollar

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning as the greenback strengthened ahead of the US Federal Open Market Committee (FOMC) meeting this week. At 9am, the local unit was quoted at 4.1880/1920 against the US dollar, from 4.1870/1900 on Monday. A dealer said investors are awaiting clues on US […]

September 19, 2017 | By | Reply More
Change in new REIT tax ruling may push for more IPO interests: Maybank IB

Change in new REIT tax ruling may push for more IPO interests: Maybank IB

KUALA LUMPUR: Maybank IB Research believed that the revision in the Inland Revenue Board of Malaysia’s (IRB) Taxation of Real Estate Investment Trust (REIT) may lift initial public offering (IPO) interests for unlisted REITs in Malaysia. The new ruling states that REITs which are not listed on Bursa Malaysia would no longer enjoy any tax […]

September 19, 2017 | By | Reply More
Pirelli hits accelerator on Italy relisting

Pirelli hits accelerator on Italy relisting

Tronchetti Provera said the integration of Pirelli’s industrial tyre business into Shanghai-listed Aeolus had gone much more quickly than expected. MILAN: Pirelli will be relisted on the Milan bourse on October 4 following the biggest new share offer in Europe this year, the tyremaker announced on Monday. The manufacturer, an icon of Italian industry famous […]

September 19, 2017 | By | Reply More
Reuters survey: 10,000 UK finance jobs affected in Brexit’s first wave

Reuters survey: 10,000 UK finance jobs affected in Brexit’s first wave

Nearly half of the companies surveyed told Reuters they would have to move staff or restructure their businesses because of Brexit, which is due to take place in March 2019. LONDON: Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access […]

September 19, 2017 | By | Reply More