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Sona Petroleum confident  shareholders will approve Stag Oilfield deal

Sona Petroleum confident shareholders will approve Stag Oilfield deal

KUALA LUMPUR: Sona Petroleum Bhd, which managed to cut the purchase price for its qualifying acquisition by half, is confident that its shareholders will approve the deal to acquire Stag Oilfield, offshore Western Australia, at an EGM to be held at the end of this month. In a bid to boost market confidence on the […]

March 8, 2016 | By | Reply More
Ranhill may have to scrap China water business expansion: PublicInvest

Ranhill may have to scrap China water business expansion: PublicInvest

PETALING JAYA: Ranhill Holdings Bhd may have to abort its plans to expand its water business projects in China after it recently fixed the final price of its initial public offering (IPO) at a 30% discount from its indicative retail price of RM1.70 a share. In note yesterday, PublicInvest Research said as result of the […]

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US stocks fall on lower oil, weak China data

US stocks fall on lower oil, weak China data

NEW YORK: Petroleum and banking equities retreated on Tuesday (Mar 8), reversing recent gains after oil prices fell and China reported poor trade figures. At the closing bell, the Dow Jones Industrial Average stood at 16,964.10, down 109.85 points (0.64 per cent). The broad-based S&P 500 fell 22.50 (1.12 per cent) to 1,979.26, while the […]

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Citigroup sees 15% drop in markets revenue in Q1

Citigroup sees 15% drop in markets revenue in Q1

NEW YORK: US bank Citigroup warned on Tuesday (Mar 8) that trading revenues were down 15 per cent in the first quarter from a year ago, underlining market troubles amid worries about the global economy. Revenues from investment banking, which includes financial services to companies, mergers and acquisitions, and initial public offerings, were down 25 […]

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Oil prices drop on weak China data, high supplies

Oil prices drop on weak China data, high supplies

NEW YORK: Oil prices fell on Tuesday (Mar 8) on weak Chinese trade data and skepticism about the prospects of major petroleum producers agreeing to limit output. US benchmark West Texas Intermediate for April delivery shed US$1.40 at US$36.50 a barrel on the New York Mercantile Exchange. In London, Brent North Sea oil for May […]

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Ex-JPMorgan adviser gets five years in prison for embezzling US$20 million

Ex-JPMorgan adviser gets five years in prison for embezzling US$20 million

NEW YORK: A former JPMorgan Chase & Co investment adviser was sentenced to five years in prison on Tuesday after admitting that he stole at least US$20 million from client accounts to fund a gambling addiction and to trade in stock options. Michael Oppenheim, 49, was also ordered by U.S. District Judge Analisa Torres to […]

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Takata enlists restructuring lawyers: WSJ

Takata enlists restructuring lawyers: WSJ

REUTERS: Japanese air bag maker Takata Corp enlisted restructuring lawyers at law firm Weil Gotshal & Manges LLP amid recalls covering millions of vehicles, the Wall Street Journal reported, citing people familiar with the matter. The extent of the law firm’s engagement with Takata and the strategies it is advising the company to pursue remain […]

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Home Depot settles consumer lawsuit over big 2014 data breach

Home Depot settles consumer lawsuit over big 2014 data breach

REUTERS: Home Depot Inc agreed to pay at least US$19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer will set up a US$13 million fund to reimburse shoppers for out-of-pocket losses, and spend at least US$6.5 million to fund 1-1/2 years of […]

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Citigroup markets, investment banking revenue slow: CFO

Citigroup markets, investment banking revenue slow: CFO

NEW YORK: Citigroup Inc first-quarter markets revenue is running 15 percent lower than a year earlier and its investment banking revenue is off by 25 percent, Chief Financial Officer John Gerspach said on Tuesday. “It has been a tough quarter,” Gerspach said at an investor conference. The company expects to take a US$400 million charge […]

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Citigroup in 'tough' first quarter for markets, investment banking, says CFO

Citigroup in 'tough' first quarter for markets, investment banking, says CFO

NEW YORK: Citigroup Inc first-quarter markets revenue is running 15 percent lower than a year earlier and its investment banking revenue is off by 25 percent, Chief Financial Officer John Gerspach said on Tuesday. “It has been a tough quarter,” Gerspach said at an investor conference. The company expects to take a US$400 million charge […]

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