Latest news from Thestar.com.my - Business feed

Latest news from Thestar.com.my - Business feed

  1. Wall St at record highs as tech stocks bounce back (Update 1)

    06.19 / 17:38 thestar.com.my Thestar.com.my - Business
    NEW YORK: US stocks were higher in early afternoon trading on Monday, with the S&P 500 and the Dow Jones Industrial Average hitting record highs as technology stocks rebounded after recent…
  2. Yinson kicks off financial year with commendable growth

    06.19 / 17:38 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: Yinson Holdings Bhd recorded a strong growth in earnings in its first financial quarter ended April 30, shrugging off the bad news during the period that an associate firm's RM3.3bil charter contract was…
  3. Sunway Medical Centre former COO joins TMC Life Sciences

    06.19 / 15:37 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: Former Sunway Medical Centre chief operating officer Wan Nadiah Wan Mohd Abdullah Yaakob has joined healthcare group TMC Life Sciences Bhd, taking on the newly created post of group chief corporate officer (GCCO) effective…
  4. Wall St opens higher as tech stocks bounce back

    06.19 / 14:29 thestar.com.my Thestar.com.my - Business
    NEW YORK: US stocks opened higher on Monday, with the Dow Jones Industrial Average hitting a record high, as investors snapped up beaten down technology…
  5. AirAsia X not entering the fray to fly to Europe

    06.19 / 14:29 thestar.com.my Thestar.com.my - Business
    PARIS: AirAsia X Bhd (AAX) will stick to its plan to focus on Asia and skip out the Europe sector as it is not relevant for the time being, said AirAsia Bhd group chief executive officer Tan Sri Tony…
  6. Wintoni moves towards liquidation

    06.19 / 13:21 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: Wintoni Group Bhd, whose last proposed regularisation plan involving a reverse takeover is still pending a definitive agreement, has begun a winding-up…
  7. Banking sector outlook remains bright - Azman

    06.19 / 11:51 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: The banking sector outlook remains bright as it has been progressive the past quarter, says Tan Sri Azman Hashim, chairman of Malaysia’s sixth largest bank AMMB Holdings Bhd (AmBank G…
  8. Barakah gets RM61mil job to help decommission Petronas-operated field

    06.19 / 11:51 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: Barakah Offshore Petroleum Bhd has clinched a US$14.28mil (RM61.03mil) contract to help in the decommissioning of the Petroliam Nasional Bhd (Petronas)-operated Chinguetti field, offshore…
  9. Noble shares soar after last-minute debt lifeline, worries persist

    06.19 / 10:47 thestar.com.my Thestar.com.my - Business
    HONG KONG/SINGAPORE: A four-month credit extension for cash-strapped Noble Group Ltd sent the commodity trader's shares up almost 50 percent on Monday, though traders, analysts and industry sources warned the reprieve was likely to be only…
  10. Moody's downgrades Australia's top banks over housing risk

    06.19 / 10:47 thestar.com.my Thestar.com.my - Business
    SYDNEY: Moody's Investors Service on Monday downgraded 12 Australian banks, including the four biggest lenders, reflecting what it called elevated risks in the household…
  11. Bursa Malaysia only Asian market in the red

    06.19 / 10:47 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: Bursa Malaysia was the only Asian market that ended in the red on Monday on profit taking on Tenaga Nasional and banks while the ringgit slipped in late afternoon trade against the key Asian…
  12. Hamami family is BookDoc’s new strategic investor

    06.19 / 09:58 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: BookDoc, a healthcare technology start-up headquartered in Malaysia, is attracting more strategic investors from the region. The latest is the Hamami family, ranked as one of the richest in Indonesia by…
  13. MBSB seeks BNM nod for merger with Asian Finance Bank

    06.19 / 09:58 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is seeking Bank Negara Malaysia's (BNM) go ahead for its merger with Asian Finance Bank Bhd…
  14. SME Corp disburses RM5.63bil to assist SMEs - Ahmad Maslan

    06.19 / 09:26 thestar.com.my Thestar.com.my - Business
    KOTA BARU: SME Corp has disbursed RM5.63bil in grants and loans to 43,094 small and medium entrepreneurs (SMEs) nationwide as of May 31 this year, said Deputy Minister of International Trade and Industry, Datuk Ahmad…
  15. Why China is set to spend US$411b on 5G mobile networks

    06.19 / 08:52 thestar.com.my Thestar.com.my - Business
    HONG KONG: Mainland China is expected to see total investments on 5G mobile networks reach 2.8 trillion yuan (US$411 billion) in the period from 2020 to 2030, which could mark the country’s most expensive build-out of telecommunications i…
  16. Stock On the Move: Top Glove

    06.19 / 08:52 thestar.com.my Thestar.com.my - Business
    KUALA LUMPUR: Shares in Top Glove Corp Bhd are heading to a third day of straight losses after analysts, including those at UOBKayHian and MIDF Research downgraded the stock on earnings…
  17. France, banks and retail rebound make for bright start for European shares

    06.19 / 08:16 thestar.com.my Thestar.com.my - Business
    PARIS: French stocks outperformed upbeat European indices on Monday following a convincing parliamentary majority for President Emmanuel Macron, while banks bounced following upgrades and the retail sector recovered from last week’s l…
  18. IMF says Japan needs to stick with fiscal, monetary stimulus

    06.19 / 08:16 thestar.com.my Thestar.com.my - Business
    TOKYO: The International Monetary Fund urged Japan to avoid withdrawing fiscal policy stimulus and said monetary policy should be loosened further if risks to the economy materialise, warning of weak consumption that remains vulnerable to external…
  19. Oil trades below US$45 as U.S. drillers extend record rig streak

    06.19 / 08:16 thestar.com.my Thestar.com.my - Business
    HONG KONG: Oil traded below US$45 a barrel after a fourth weekly loss on speculation that a record expansion by U.S. drillers will blunt OPEC-led efforts to rebalance an oversupplied…
  20. Head of major Taiwan bank held over ‘illegal loans’

    06.19 / 07:37 thestar.com.my Thestar.com.my - Business
    Taipei: The head of a major Taiwanese bank has been detained on suspicion of granting illegal loans, just months after another banking scandal rocked the island’s financial s…