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Disney earnings miss forecasts as costs rise for its streaming future
LOS ANGELES: Walt Disney Co. reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into its ambitious plunge into streaming media and began folding in assets purchased from Twenty-First Century Fox. Shares of
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KLCI rebounds from bloodshed
KUALA LUMPUR: KLCI made a near-complete recovery from a sharp early-morning sell-off as investors regained some composure following news that Beijing’s central bank set a stronger yuan fixing than expected. Beijing set the yuan midpoint fixing at 6.9683 per dollar,
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AP import abuse led to vegetable price hike
KUALA LUMPUR: The Malaysia Competition Commission (MyCC) revealed that the Approved Permit (AP) granted for importing round cabbage into Malaysia has been abused to the extent that it raised competition issues and caused vegetable prices to rise. MyCC chief executive
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Oil prices rise, escalating US-China trade war caps gains
SINGAPORE: Brent crude rose today, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the escalating trade dispute between the US and China.
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Air China suspends Beijing – Hawaii route, effective from Aug 27
BEIJING: Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war. Passengers who have
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Traditional heritage “Tongkat Ali” now exclusively Biotropics
The Star on 31st July 2019 carried a full page “Warning” taken out by Messrs. Bustaman, the solicitors for Biotropics Msia Bhd, stating that Biotropics is the sole licensee of the Patent over the bioactive components of extracts of the
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KLCI plummets below 1,600 amid US- China trade war
KUALA LUMPUR: The FBM KLCI fell below the critical support level of 1,600 in early trade, tracking the bloodshed on Wall Street overnight. Global equities have been routed as the trade war between the US and China intensified, with Washington
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Foreign funds sold RM601.2 mln in local equities last week
KUALA LUMPUR: Foreign funds sold RM601.2 million net in local equities last week, the largest weekly foreign fund net outflow in 11 weeks, said MIDF Research today. In its fund flow report, it said the pace of foreign net selling
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HSBC CEO’s surprise exit, $1 billion share buyback
LONDON: HSBC announced the surprise departure of Chief Executive Officer John Flint, saying the bank needed a change at the top to address “a challenging global environment”, even as it posted a 16% rise in half-yearly profit. The change comes
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Anwar-Azmin infighting: Investors opting for Vietnam over Malaysia?
PUCHONG: Foreign investors may opt for Vietnam over Malaysia due to the political uncertainty created from PKR’s internal infighting involving its top two leaders: president Datuk Seri Anwar Ibrahim and deputy, Datuk Seri Azmin Ali over the Prime Minister position,
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