Recent Articles

Germany-focused investors must pay up to avoid VW, autos

Germany-focused investors must pay up to avoid VW, autos

LONDON: Investors looking to invest in German equities but stay clear of VW and the broader autos sector as an emissions-test cheating scandal rages will have to pay for the privilege. For those who prefer the economy of passive funds that merely track stock indexes, no product that excludes VW in particular or German motor […]

September 24, 2015 | By | Reply More
After year of stonewalling, Volkswagen stunned US regulators with confession

After year of stonewalling, Volkswagen stunned US regulators with confession

WASHINGTON/DETROIT: The confession of cheating that’s embroiled Volkswagen AG in one of the biggest scandals in auto industry history came on a cool California morning, on the sidelines of an academic conference focused on green transportation. After more than a year of stonewalling investigators, Volkswagen stunned two senior officials with the U.S. Environmental Protective Agency […]

September 24, 2015 | By | Reply More
HLIB Research keeps ‘buy’ call on MISC

HLIB Research keeps ‘buy’ call on MISC

PETALING JAYA: Hong Leong Investment Bank Research Bhd (HLIB Research) has maintained its “buy” recommendation for MISC Bhd with an unchanged target price of RM9.00. Analyst David Wong, in his report, said he is positive on shipping firm’s outlook based on its resilient petroleum tanker charter rate and strong support from its parent group, Petroliam […]

September 24, 2015 | By | Reply More
Anti-dumping duties on painted steel coils from China, Vietnam

Anti-dumping duties on painted steel coils from China, Vietnam

PETALING JAYA: The government will impose provisional anti-dumping duties of between 5.68% and 52.10% on imports of prepainted, painted or colour coated steel coils (PPCCSC) from China and Vietnam. The decision was made after a preliminary probe, which was completed under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993, found that there is […]

September 24, 2015 | By | Reply More
Allianz Life still keen on takaful business

Allianz Life still keen on takaful business

KUALA LUMPUR: Allianz Life Insurance Malaysia Bhd, which is aiming tohave 10,000 agents by year-end from 8,300 now, remains interested in the takaful business although it is not in talks with any potential acquisition target now. Allianz Life CEO Rangam Bir said it sees that a large part of the market has the need for […]

September 24, 2015 | By | Reply More
US rate increase 'likely' later this year: Fed Chair Yellen

US rate increase 'likely' later this year: Fed Chair Yellen

WASHINGTON: US Federal Reserve chief Janet Yellen said on Thursday (Sep 24) that she still expects to increase interest rates in 2015 and that concerns about weaker global growth likely will not affect that plan. Yellen said improvements in the US economy “will likely entail an initial increase in the federal funds rate later this year.” Policymakers will […]

September 24, 2015 | By | Reply More
Nike beats estimates on high-margin product sales; orders jump

Nike beats estimates on high-margin product sales; orders jump

REUTERS: Nike Inc , the world’s largest footwear maker, reported a better-than-expected profit for the ninth straight quarter as sales of high-margin products rose and more customers bought from its owned stores and website. Shares of the company, which also posted a surprise rise in growth of “futures orders”, were up 6 percent in extended […]

September 24, 2015 | By | Reply More
Wall Street ends lower as Caterpillar, health stocks weigh

Wall Street ends lower as Caterpillar, health stocks weigh

REUTERS: U.S. stocks closed lower on Thursday in a volatile session on uncertainty about U.S. monetary policy and global economic growth, while market heavyweight Caterpillar cut in its sales forecast and healthcare investors fled for the exits. Six of the 10 major S&P sectors were lower, with the health sector’s 1-percent fall leading the S&P […]

September 24, 2015 | By | Reply More
Wall Street declines as Caterpillar drags

Wall Street declines as Caterpillar drags

NEW YORK: U.S. stocks closed lower on Thursday in a volatile session on uncertainty about U.S. monetary policy and global economic growth after market heavyweight Caterpillar cut its sales forecast and healthcare investors fled for the exits. The Dow Jones industrial average fell 77.43 points, or 0.48 percent, to 16,202.46, the S&P 500 lost 6.4 […]

September 24, 2015 | By | Reply More
Oil prices bounce back slightly

Oil prices bounce back slightly

NEW YORK: Oil prices edged higher on Thursday (Sep 24), recovering some of the losses from the previous day’s session that were prompted by increased US oil output. US benchmark West Texas Intermediate for November delivery rose 43 cents to US$44.91 a barrel on the New York Mercantile Exchange. European benchmark Brent oil for November delivery added 42 cents at […]

September 24, 2015 | By | Reply More