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Business News

Business News


SMTrack boss Anuar appointed MQ Tech chairman

Mon, 16 Jan 2017 20:15:04 +08:00

KUALA LUMPUR: SMTrack Bhd executive chairman Mohd Anuar Mohd Hanadzlah has been appointed chairman of MQ Technology Bhd (MQ Tech).

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HIL Industries takes over property projects with GDV of RM375mil

Mon, 16 Jan 2017 19:09:38 +08:00

KUALA LUMPUR: HIL Industries Bhd is acquiring two companies that have approved proposed property development projects in Selangor with combined gross development value (GDV) of RM375.2mil.Tan Sri Ng Thian Hock and his son Steven Junior.

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SE Asia stocks fall on fears of a hard Brexit

Mon, 16 Jan 2017 18:42:44 +08:00

SINGAPORE: Southeast Asian stock markets ended lower on Monday as investors turned jittery over concerns Britain faces a "hard" exit from the European Union, sending the pound to its lowest levels - bar a "flash crash" in October - in 32 years. U.K. Prime Minister Theresa May will use a speech on Tuesday to signal plans for a "hard Brexit".

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Bank stocks drag KLCI into the red, key Asian markets down

Mon, 16 Jan 2017 18:19:36 +08:00

KUALA LUMPUR: Bank stocks took a hit on Monday on selling of Maybank and CIMB as the FBM KLCI closed lower in tandem with the cautious key Asian markets.

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Puncak Niaga’s MoU with Thai waterworks authority lapses

Mon, 16 Jan 2017 18:06:13 +08:00

KUALA LUMPUR: Puncak Niaga Holdings Bhd’s memorandum of understanding (MoU) with Thai state enterprise Metropolitan Waterworks Authority (MWA), aimed at setting up an exchange programme for mutual benefit, has lapsed after three years.Puncak Niaga has sold its Selangor water concession business.

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Trump threatens German carmakers with 35% US import tariff

Mon, 16 Jan 2017 17:25:28 +08:00

FRANKFURT: Shares in German carmakers BMW , Daimler and Volkswagen fell after United States President-elect Donald Trump warned he will impose a border tax of 35 percent on vehicles imported from abroad to the U.S. market. Trump sharply criticised the German carmakers for failing to produce more cars on U.S. soil.

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Demand, supply imbalance among reasons for ringgit's decline: BNM

Mon, 16 Jan 2017 17:12:18 +08:00

KUALA LUMPUR: Demand and supply imbalances in the domestic foreign exchange market intensified the pressure on the ringgit's decline, said Bank Negara Malaysia Governor Datuk Muhammad Ibrahim.

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US profit growth pickup could justify Wall Street rally

Mon, 16 Jan 2017 17:07:10 +08:00

NEW YORK: US companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street’s record-breaking rally, say stock investors who anticipate many companies will top expectations.A substantial upside surprise to reported profits could provide more momentum for a stock market that has been on fire since the election of Donald Trump in November, and dampen worries that stocks are due for a pullback. - AFP pic

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HK stocks fall most in a month as "hard Brexit" woes, weak mainland firms weigh

Mon, 16 Jan 2017 16:39:33 +08:00

HONG KONG: Hong Kong stocks suffered their biggest one-day fall in a month on Monday, hurt by a slump in mainland Chinese companies listed in the city and on concerns over the impact of Britain's exit from the European Union.

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New taxi app books a ride for Ivory Coast middle class

Mon, 16 Jan 2017 16:19:00 +08:00

In bustling Abidjan, a homegrown company has tapped into the global taxi app revolution that has spawned Uber and other online transport networks.An Africab company leaves the company's headquarters in Abidjan on November 14, 2016. In bustling Abidjan, a homegrown company has tapped into the global taxi app revolution that has spawned Uber and other online transport networks. While Uber has already jumped into several African markets from South Africa to Egypt, Africab seeks to provide Ivory Coast's emerging middle class with a locally-owned high-tech and reliable travel option. / AFP PHOTO / Sia KAMBOU

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