new record

 
 

M&A ‘mega deal’ frenzy evokes 1999 tech boom and bust

LONDON: By some measures, the global merger and acquisition frenzy has never been greater, fuelled by ‘TMT’ mega deals that are drawing comparisons with the late 1990s boom and spectacular bust. This is understandably unnerving many investors, given how mature the economic cycle and equity bull markets are right now. The US economic expansion is […]


Trade and growth fears spark dash for safe havens

LONDON, May 23 ― Investors sold equities today and raced to buy yen and government bonds from the United States and Germany on fears that setbacks to US-China trade talks would undermine increasingly fragile-looking world growth. The yen rose 1…


FTSE 100 hits all-time record close, Ocado surges on US deal

LONDON, May 18 — Strong oil prices helped Britain's top share index seal its highest ever closing level yesterday while online grocery retailer Ocado rocketed up 44 per cent after signing a deal with US grocer Kroger. The FTSE 100 climbed 0.7 per…


US trade deficit narrows in March on record exports

WASHINGTON, May 3 — The US trade deficit narrowed in March for the first time in seven months as exports reached the highest level on record, the Commerce Department reported today. The drop in the trade gap could point to higher growth in the…


Samsung Electronics Q1 profit up 58pc to new record

SEOUL, April 26 — Samsung Electronics Co Ltd posted a record quarterly profit, as expected, for the three months through March, led by firm demand for memory chips. Operating profit for the world's biggest chipmaker was 15.6 trillion won (RM56.3…


Remittance payments hit record in 2017, says World Bank

WASHINGTON, April 23 — Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said today. The stronger-than-expected recovery in remittances…


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

peugeot-opel-reuters

(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