7-day Archive: 

Business

US economy trudges along as others falter

WASHINGTON, May 24 – The number of Americans filing new claims for jobless benefits dipped last week and factory activity grew but at a slower pace in May, indicating the economy was plodding along despite growing headwinds from Europe.

Though today’s economic reports were a bit lacklustre, they offered no signs of deterioration in the ... Read More
People walk past a map in the financial district in the City of London, May 24, 2012. – Reuters pic
People walk past a map in the financial district in the City of London, May 24, 2012. – Reuters pic

German economy succumbs to euro gloom

BERLIN, May 24 – German business sentiment collapsed in May and the manufacturing sector shrank as turmoil in the euro zone unsettled firms, threatening to end the immunity of Europe’s largest economy to ... Read More

UK recession deepens as euro zone woes mount

LONDON, May 24 — Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank of England will opt to ... Read More

Genting gets SC nod for RM2b bond issue

KUALA LUMPUR, May 24 — Genting Capital Bhd, a unit of gaming group Genting Bhd, has obtained the Securities Commission's approval for a 20-year, RM2 billion (US$636 million) bond programme to fund ... Read More

SapuraKencana secures RM1.3b contract extension

KUALA LUMPUR, May 24 — SapuraKencana Petroleum Bhd has secured a RM1.3 billion contract extension for the transportation and installation of offshore oil and gas facilities and structures for 11 Petronas ... Read More

Global economy: Euro zone slump deepens, China falters

LONDON, May 24 — The shadows being cast over the global economy darkened this month as the euro zone’s private sector declined further and China’s once-booming factories faltered, business surveys showed ... Read More

Short interest in Facebook shares rises

NEW YORK, May 24 — Demand to borrow Facebook Inc shares for shorting has increased, with nearly 8 percent of the stock out on loan, according to financial data company Data Explorers.About 70 percent of ... Read More

KLK posts lower pre-tax profit in Q2

KUALA LUMPUR, May 24 — Kuala Lumpur Kepong Bhd's (KLK) pre-tax profit for the second quarter ended March 31, 2012, fell to RM311.6 million from RM503.83 million in the same quarter last year.However, ... Read More

Shares, euro fall as Europe’s economy worsens

LONDON, May 24 — The euro hit a fresh 22-month low and European shares gave up early gains today after data showed Europe’s economic slump has worsened, as talk of a Greek exit and a lack of progress in ... Read More

CIMB posts RM1.3b Q1 profit

KUALA LUMPUR, May 24 — CIMB Group Holdings Bhd has posted RM1.341 billion pre-tax profit for its first financial quarter ended March 31, 2012, up 8.8 per cent from RM1.232 billion in the same quarter last ... Read More

More Articles