Business
India’s Jet Airways, SpiceJet report quarterly losses
NEW DELHI, May 26 — India’s Jet Airways and its smaller rival SpiceJet reported quarterly losses on Friday as fare increases were not sufficient to cover high costs of operations.
Jet, which has agreed to sell a 24 per cent stake to Gulf carrier Etihad in a US$370 million (RM1.2 billion) deal, was optimistic of demand growth and said airlines ... Read More
Apple CEO Tim Cook confers with staff during a break at a Senate homeland security and governmental affairs investigations subcommittee hearing in Washington, May 21, 2013. — Reuters pic Read More
Recent Articles
Large US retailers sue Visa, MasterCard over card fees
NEW YORK, May 26 — A group of US retailers, including Macy’s Inc and Corp, sued Visa Inc and MasterCard Inc on Thursday, breaking off from a proposed US$7.2 billion (RM22 billion) settlement reached last ... Read More
Chinese Premier criticises EU move on trade measures
SHANGHAI, May 25 — Chinese Premier Li Keqiang criticised the European Union over its plans to investigate alleged anti-competitive behaviour by Chinese mobile telecom equipment makers and to impose ... Read More
AirAsia still wants jets after record orders
MONACO, May 25 — AirAsia, which smashed order records for Airbus jets to become Asia’s largest budget carrier, could buy another 50 planes as it targets aggressive expansion in India, Chief Executive Tony ... Read More
EU steps up quest to solve youth unemployment
BRUSSELS, May 25 — European leaders have decided youth unemployment and the risk of social breakdown are among the toughest challenges they face and finding solutions will be a top priority for the coming ... Read More
IMF’s Lagarde escapes formal investigation in French case
PARIS, May 25 — French magistrates decided last night not to place IMF chief Christine Lagarde under formal investigation over her role in a €285-million (RM1.1 billion) arbitration payment made to a ... Read More
Tiger Global invests US$50m in Automattic’s WordPress.Com
SAN FRANCISCO, May 24 — Automattic, the company that operates blogging service WordPress.com, announced a US$50 million (RM151 million) investment from hedge fund and private-equity investor Tiger Global ... Read More
Investors look for signs in Wall Street’s rally break
NEW YORK, May 25 — The US stock market’s break in its recent rally this week left investors wondering if they’re seeing a turning point or just a blip in the upward path.Next week could make it harder to ... Read More
News Corp to take charge of up to US$1.4b this quarter
NEW YORK, May 25 — News Corp said today it will write down the value of its Australian and US publishing assets by up to US$1.4 billion (RM4.2 billion), as the company prepares to split its business ... Read More
NextGen ePerolehan to be implemented in 2015
PUTRAJAYA, May 24 — The new version of the government procurement system, NextGen ePerolehan, is 20 per cent ready and will be implemented in 2015 in an effort to improve the Federal government’s delivery ... Read More
Britain’s FTSE steadies after worst day in a year
LONDON, May 24 — Britain’s leading shares steadied today after their steepest fall in a year in the previous session, with central bankers offering some reassurance that stimulus will stay for a while ... Read More
More Articles
- Maybank Q1 net profit up 11.8pc, tops forecast
- YTL Power Q3 pre-tax profit slips to RM336.6m
- Singapore Q1 GDP growth surprises on surge in financial services
- Maybank on track for 40pc PBT contribution from international operations
- Equity investors flock to Japan funds, exit emerging markets
- Australia’s Crown selling entire 10pc stake in rival Echo
- Analyst calls for May 23
- The Star to revamp online portal for more income
- MOSTI to look into ways to commercialise products, produce more technopreneurs
- Ringgit closes sharply lower against dollar
- Bank of Japan vows market steps to curb bond turbulence
- Gold gains on China demand, hopes of US stimulus continuing
- The Irish loophole behind Apple’s low tax bill
- Analyst calls for May 22
- Dow, S&P end at records on Fed officials’ reassurance
- CIMB cautious on outlook after asset sale boosts Q1 profit
- EPF makes US$1.3bn additional global investiments in Q1 2013
- Hong Kong shares nudged off 3-1/2-month high, China ekes out 5th straight gain
- Malaysia’s investments grew 44pc in 2013 Q1, says MIDA
- Share prices stay positive at midday
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