Saturday, February 9th, 2019


S&P, Nasdaq edge higher as earnings offset trade fears

NEW YORK, Feb 9 — The benchmark S&P 500 index and the Nasdaq edged upward to snap a two-day losing streak yesterday as positive corporate results offset lingering scepticism over the United States and China reaching a trade deal before the…

Fiat Chrysler paid US$77 mln in US fuel economy penalties in 2018

WASHINGTON: Fiat Chrysler Automobiles NV told Reuters it paid US$77 million in US civil penalties late last year for failing to meet 2016 model year fuel economy requirements, the first significant sign the industry is facing hurdles meeting rising emissions rules. The Italian-American automaker has been lobbying the Trump administration to revise fuel economy requirements […]

France’s total unveils ‘significant’ offshore S. African gas find

CAPE TOWN: French energy giant Total unveiled a ‘significant’ gas discovery off the coast of South Africa, an event that President Cyril Ramaphosa called a game-changer. The find could boost the nation’s struggling economy and reduce reliance on imports. “Total has made a significant gas condensate discovery on the Brulpadda prospects… in the Outeniqua Basin, […]

International investors confident in Malaysia’s economic potential

KUALA LUMPUR: International investors are confident in Malaysia’s economic potential as well as the government’s ability to drive the economy forward. Finance Minister Lim Guan Eng said Malaysia remained an attractive investment destination with investors, especially with the government’s commitment to the competency, accountability and transparency principles under Prime Minister Tun Dr Mahathir Mohamad’s leadership. […]

Axiata parties yet to receive Nepal’s Supreme Court order

KUALA LUMPUR: Axiata Group Bhd said the company and related parties have not received the judgement and order from the Supreme Court in Nepal relating to the capital gains tax (CGT) claim which arose from the completion of the sale of Reynolds Holdings Ltd to Axiata Investment (UK) Ltd in 2016. The Group also said […]

Australian court bars new coal mine project

MELBOURNE: Developers have lost a court appeal to build a coal mine in Australia’s Hunter Valley over its potentially ‘dire’ environmental impact in the country’s first legal review of a coal mine project to hear evidence from a climate scientist. In the landmark ruling, Justice Brian Preston on Friday denied the appeal on the Rocky […]

Alam Flora to boost Malakoff’s offerings for FY19

KUCHING: Malakoff Corporation Bhd’s (Malakoff) acquisition of Alam Flora Sdn Bhd (Alam Flora) is said to improve the former’s net profits in financial year 2019 forecasts (FY19F) by four per cent, based on an earnings contribution of five months. The team behind AmInvestment Bank Bhd (AmInvestment Bank) said that on a full year basis, the […]