Recent Articles

European stocks steady awaiting ECB

European stocks steady awaiting ECB

LONDON: European stock markets were largely steady in trading Thursday, with all eyes on the European Central Bank ahead of its latest policy decisions aimed at supporting the struggling eurozone economy. In late morning deals, eurozone indices were flat compared with Wednesday’s close. Outside the single currency bloc, London’s benchmark FTSE 100 index was down […]

March 10, 2016 | By | Reply More
Dollar General's same-store sales growth beats estimates

Dollar General's same-store sales growth beats estimates

REUTERS: Discount retailer Dollar General Corp reported a higher-than-expected growth in quarterly sales at established stores as demand increased for items such as candy and snacks, perishables, tobacco and food. Low gas prices and improving wage growth are supporting a recovery in spending by low-income Americans, Dollar General’s main customer group. The company’s shares rose […]

March 10, 2016 | By | Reply More
Ringgit ends higher against greenback

Ringgit ends higher against greenback

KUALA LUMPUR: The ringgit closed higher against the US dollar today in line with regional currencies, said a dealer. At 5pm, the local unit was traded at 4.0950/0030 against the US dollar from 4.1250/1349 on Wednesday. The dealer said stronger domestic unit was helped by gains in the oil market earlier. The ringgit also strengthened […]

March 10, 2016 | By | Reply More
KL shares up on heavy buying in selected heavyweights

KL shares up on heavy buying in selected heavyweights

KUALA LUMPUR: Bursa Malaysia closed higher today on heavy buying in selected heavyweights following the rise in crude oil prices coupled with the positive news of the European Central Bank’s (ECB) plan to cut interest rate, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 4.56 points higher at 1,690.91 versus Wednesday’s close […]

March 10, 2016 | By | Reply More
ANZ exits SME business in five Asian countries, cuts around 100 jobs

ANZ exits SME business in five Asian countries, cuts around 100 jobs

SINGAPORE: Australia and New Zealand Banking Group (ANZ) has closed its business lending to small and mid-sized enterprises (SMEs) in five Asian countries, cutting around 100 jobs, in a sign its new chief executive is slimming presence in the region. ANZ has exited what it dubs its “emerging corporate” business in Singapore, Vietnam, Hong Kong, […]

March 10, 2016 | By | Reply More
Deutsche Boerse to sell ISE options exchange to Nasdaq

Deutsche Boerse to sell ISE options exchange to Nasdaq

NEW YORK/FRANKFURT: Deutsche Boerse is selling U.S. options exchange operator International Securities Exchange for US$1.1 billion to Nasdaq , potentially strengthening its hand in a proposed merger with London Stock Exchange (LSE). Deutsche Boerse said late on Wednesday that it was set to book a disposal gain in the high triple-digit millions of euros from […]

March 10, 2016 | By | Reply More
Affordable housing to be developed under new UEM Group entity soon

Affordable housing to be developed under new UEM Group entity soon

From left, Managing Director of Khazanah Nasional Berhad, Tan Sri Azman Mokhtar, Deputy Chairman of Khazanah Nasional Berhad, Tan Sri Utama Nor Mohamed Yakcop, Minister in the Prime Minister Department, Senator Datuk Seri Abdul Wahid Omar,UEM Group Chairman Tan Sri Dr Ir Ahmad Tajuddin Ali and UEM Group Managing Director, Datuk Izaddin Idris during UEM […]

March 10, 2016 | By | Reply More
PLUS to conclude discussions with govt on toll hike by June

PLUS to conclude discussions with govt on toll hike by June

KUALA LUMPUR: The decision on toll hikes for PLUS highways will likely be made by June this year, said UEM Group Bhd’s group managing director and chief executive, Datuk Izzaddin Idris. He said currently the group is in discussions with the Ministry of Works regarding the toll hike and it will make an announcement when […]

March 10, 2016 | By | Reply More
Singtel completes landing in Tuas for multi-region undersea cable

Singtel completes landing in Tuas for multi-region undersea cable

SINGAPORE: Singtel has completed the landing of the Southeast Asia – Middle East – Western Europe 5 (SEA-ME-WE 5) undersea cable at Tuas, marking a step towards its completion by the end of the year. Once completed, the 20,000 kilometre, cable is expected to meet the quadrupling of bandwidth demand between Europe and Asia from […]

March 10, 2016 | By | Reply More
Thai shopping mall developer Central Pattana says to invest $1.3b over 3 yrs

Thai shopping mall developer Central Pattana says to invest $1.3b over 3 yrs

March 10, 2016 BANGKOK: Thailand’s largest shopping mall developer Central Pattana Pcl said it aimed to invest about 46 billion baht ($1.30 billion) from 2016 to 2018, mostly on developing new projects, to boost average revenue growth to 15 percent a year. Central Pattana also planned to spend about 15-16 billion baht in 2016 when […]

March 10, 2016 | By | Reply More