Recent Articles

Petron Malaysia more than doubles net profit in Q3

Petron Malaysia more than doubles net profit in Q3

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd’s net profit more than doubled to RM106.07 million in the third quarter ended Sept 30, 2017 from RM46.79 million. Petron’s revenue improved 40.4 per cent year-on-year to RM2.56 billion from RM1.82 billion, mainly due to higher oil prices. Total sales volume hit nine million barrels or 15 […]

November 24, 2017 | By | Reply More
Bursa M'sia opens lower on mild selling

Bursa M'sia opens lower on mild selling

KUALA LUMPUR: Bursa Malaysia opened lower today on mild selling activity but the near-term outlook remained positive, dealers said. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.08 points lower at 1,719.19 from Thursday’s close of 1,721.27. The index opened 1.22 points easier at 1,720.05. A dealer said the strengthening ringgit […]

November 24, 2017 | By | Reply More
Peugeot-owner to use Opel site to assemble engines-Les Echos

Peugeot-owner to use Opel site to assemble engines-Les Echos

PARIS: Peugeot-owner PSA will use an existing Opel site in eastern Europe to assemble 200,000 petrol engines instead of building new capacity on its own site in Slovakia as initially planned, Les Echos newspapers said on Thursday. A spokesman for PSA declined to comment on whether the engines would be assembled at an Opel site, […]

November 24, 2017 | By | Reply More
Chinese airlines court Cathay pilots facing pay squeeze

Chinese airlines court Cathay pilots facing pay squeeze

SHANGHAI: Chinese airlines are circling disaffected pilots at Hong Kong’s Cathay Pacific Airways, offering sky-high salaries to fill a shortage of experienced captains in a rapidly expanding aviation industry. Chinese carriers, including China Southern Airlines , Hainan Airlines  and Juneyao Airlines, will need more than 100,000 new pilots over the next two decades, according to […]

November 24, 2017 | By | Reply More
Workers at Amazon’s main Italian hub, German warehouses strike on Black Friday

Workers at Amazon’s main Italian hub, German warehouses strike on Black Friday

Workers at Amazon’s main Italian hub, German warehouses strike on Black Friday Reuters MILAN: Workers at Amazon’s main distribution hub in Italy are planning their first ever strike for Friday, trade unions said, while they are also striking at six warehouses in Germany, threatening to disrupt one of the year’s busiest shopping days. Like the […]

November 24, 2017 | By | Reply More
Uber told SoftBank about data breach before telling public

Uber told SoftBank about data breach before telling public

LONDON: Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead of going public with details of the incident on Tuesday. The ride-hailing service is trying to complete a deal in which the Japanese company would invest as much as $10 billion (£7.52 billion) for […]

November 23, 2017 | By | Reply More
A purge of Russia’s banks is not finished yet

A purge of Russia’s banks is not finished yet

Elvira’s mad again WHEN Elvira Nabiullina took over the governorship of the Russian Central Bank (CBR) in 2013, she faced a bloated and leaky finance sector with over 900 banks. Since then, more than 340 have lost their licences. Another 35 have been rescued, including, in recent months, Otkritie, once the country’s biggest private lender […]

November 23, 2017 | By | Reply More
The tumultuous career of Patrick Drahi

The tumultuous career of Patrick Drahi

WHAT does France’s corporate establishment make of the change in fortunes of Patrick Drahi, a telecoms billionaire who achieved brief greatness before crashing to earth? In August he was reported to be planning a $185bn bid for Charter Communications, America’s second-largest cable operator, which is part-owned by John Malone, a famous cable investor. This month […]

November 23, 2017 | By | Reply More
Italy’s new savings accounts fuel a boom in stockmarket listings

Italy’s new savings accounts fuel a boom in stockmarket listings

ITALY seems an unlikely place to be enjoying a boom in new listings on the stockmarket. It is full of family-run small and medium-sized enterprises (SMEs) that mostly rely for their finance on banks; and Italy’s banks are notorious for the bad debts still lingering on their balance-sheets. But Borsa Italiana, Milan’s stock exchange, has […]

November 23, 2017 | By | Reply More
Australia is the new frontier for battery minerals

Australia is the new frontier for battery minerals

Recession proofer FORGET the “resource curse”. Australia is blessed with the stuff. For more than a quarter of a century it has not had a recession, thanks largely to Chinese demand for its raw materials. It is only a few years since the end of one such China-led boom, in base metals such as iron […]

November 23, 2017 | By | Reply More