Recent Articles

Wall St. turns negative as oil rally fades, tech stocks drag

Wall St. turns negative as oil rally fades, tech stocks drag

REUTERS: Wall Street turned negative in late morning trading on Wednesday as tech stocks, led by Apple, fell and a rally in crude oil prices was checked. A U.S. government report showed U.S. crude stocks rose more than expected last week, halting a rally earlier after a report showed demand would rise by its fastest […]

October 7, 2015 | By | Reply More
Monsanto slashing 2,600 jobs, buying back shares as sales fall

Monsanto slashing 2,600 jobs, buying back shares as sales fall

REUTERS: Monsanto Co, one of the world’s largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016. Monsanto, which also reported a much wider quarterly loss, said that along with the […]

October 7, 2015 | By | Reply More
Oil steady as market tightens despite stock draw

Oil steady as market tightens despite stock draw

LONDON: Oil prices steadied on Wednesday after U.S. crude oil stocks rose, balancing bullish data showing the market was beginning to tighten, with falling supply and higher demand. The U.S. government’s Energy Information Administration (EIA) said in a monthly report global oil demand should increase by its fastest rate in six years in 2016, suggesting […]

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Exports surprise in August

Exports surprise in August

KUALA LUMPUR: Exports in August rose to post a 4.1 per cent annualised growth while imports decreased by 6.1 per cent, leading the trade surplus to widen to RM10.19 billion. It beat a Business Times poll which expected exports to slow to 2.31 per cent. The International Trade and Industry Ministry said this marks the […]

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Moody's lowers growth outlook for 2016

Moody's lowers growth outlook for 2016

KUALA LUMPUR: Moody’s has maintained its 4.8 per cent growth outlook for Malaysia for 2015 but lowered its growth outlook to 4.5 per cent from 5 per cent for 2016. The continued broad weakness of commodities prices is another dampener. The sharp decline in energy prices is painful for Malaysia (A3 positive), where income from […]

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Malaysia No 2 beneficiary from TPP after Vietnam, says Credit Suisse

Malaysia No 2 beneficiary from TPP after Vietnam, says Credit Suisse

KUALA LUMPUR: Malaysia will follow Vietnam as a close second in terms of biggest long-term beneficiaries from the recently concluded Trans Pacific Partnership says Credit Suisse. Vietnam could see a 10 per cent boost to GDP by 2025, while Malaysia could see a 5 per cent boost while Singapore is likely to be a relatively […]

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Airbus says deliveries on target despite cabin delays

Airbus says deliveries on target despite cabin delays

TOULOUSE, France: Airbus is on track to meet its delivery targets this year despite delays at cabin suppliers, Fabrice Bregier, head of the European planemaker, said on Wednesday. Bregier criticized suppliers whose delays have disrupted some plane deliveries and said the problems went beyond French seat supplier Zodiac Aerospace, which has had a series of […]

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Fiat Chrysler, US union UAW at table as strike looms

Fiat Chrysler, US union UAW at table as strike looms

DETROIT: As the threat of a strike hangs over them, negotiators from Fiat Chrysler Automobiles NV and the United Auto Workers union continued to meet on Wednesday morning, a union spokesman said. The U.S. union on Tuesday called for a strike against Fiat Chrysler’s U.S. operations at 11:59 p.m. ET (03:59 GMT Wednesday) unless a […]

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Wall St. set to open higher as oil prices continue rise

Wall St. set to open higher as oil prices continue rise

REUTERS: U.S. stocks opened higher on Wednesday as crude oil prices rose for the fourth day in a row, with Brent crude on track to post its best 4-day run in more than a month. The Dow Jones industrial average rose 82.71 points, or 0.49 percent, to 16,872.9. The S&P 500 gained 9.96 points, or […]

October 7, 2015 | By | Reply More
AirAsia’s potential mgmt-led buyout faces headwinds

AirAsia’s potential mgmt-led buyout faces headwinds

AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts and warned of high debt levels, driving its shares down to seven-year lows. KUALA LUMPUR/SINGAPORE: AirAsia founder Tony Fernandes may find it tough to take the budget airline private due to large funding needs as potential partners worry […]

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