new record


London house prices fall in stark division with rest of UK

LONDON, April 16 — Home prices in London are continuing to fall, prolonging a slump that’s seen the average property in the capital lose almost 2 per cent its value over the past year, surveys showed today. The UK market is “starkly…

German unemployment falls to new historic low

FRANKFURT AM MAIN, March 29 — Joblessness in Germany fell in March to a new record low since reunification in 1990, official data showed today, as good times for Europe’s largest economy continue into the new year. Some 5.3 per cent of the…

Gaining altitude in the Malaysian aerospace

The sky’s the literal limit for Malaysia’s aerospace industry, being designated by the government as a strategic sector with high growth potential in the country’s industrialisation and technological development programmes. Globally, aircraft production is expected to reach 41,030 units and valued at US$6.1 trillion – excluding regional jets – over the next 20 years. Malaysia […]

Peugeot hits new earnings record despite Opel loss


(Mar 1): PSA Group shrugged off losses at the newly acquired Opel division to lift sales, profit and operating margin to new records in 2017, the French carmaker said on Thursday. The maker of Peugeot, Citroen, Opel and Vauxhall cars said net income rose 11.5 percent to 1.93 billion euros ($2.35 billion) on 65.21 billion euros in revenue, up 20.7 percent. Carlos Tavares, chief executive officer of PSA, told CNBC that “2017 was indeed a remarkable year.” He added that “the beginning of 2018, despite all of the risks thatRead More

Carlsberg hits fresh record high on upbeat prospect, dividend policy


KUALA LUMPUR (Feb 15): Carlsberg Brewery Malaysia Bhd advanced by 46 sen or 2.76% this morning to a new record high of RM17.12, following news on its management being upbeat on the group’s prospect this year and the release of its fourth quarter ended Dec 31, 2017 (4QFY17) financial result yesterday. As at 10:23am, the counter pared some gains to trade at RM17.10, up 44 sen or 2.64%, while volume was thin at 58,300 shares. The group has a market capitalisation of RM5.13 billion. Carlsberg Malaysia’s managing director Lars LehmannRead More

Stocks in Focus (13-2-2018)

KUALA LUMPUR (Feb 12): Based on corporate announcements and news flow today, companies that may be in focus on Tuesday (Feb 13) may include: CSC…

After record 2017, Geely’s Volvo Cars sees more growth ahead

STOCKHOLM, Feb 8 — Sweden’s Volvo Car Group expects stronger earnings and sales this year after the Chinese-owned automaker reached new records on both counts in 2017 thanks to strong demand for a string of new models, particularly in China….

Texas shale challenges North Sea crude as world oil benchmark

NEW YORK, Feb 2 ― Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas Intermediate crude futures is far outpacing contracts for London-based…

Oil dips as US output rises, still set for strongest January in five years

LONDON, Jan 29 — Oil dipped today as soaring North American production was seen undermining efforts led by Opec and Russia to tighten supplies, but prices were still on track for their strongest start to the year in five years. Brent crude…

Oil settles higher, posts weekly gain as weak dollar underpins

HOUSTON, Jan 27 — Oil prices settled higher yesterday after hitting three-year highs, with crude also posting a weekly gain as a weaker US dollar underpinned prices. Brent crude futures settled up 10 cents, or 0.1 per cent, at US$70.52…