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Facebook market makers’ losses total at least US$100m
NEW YORK, May 25 — Claims by four of Wall Street’s main market makers against Nasdaq over Facebook’s botched IPO are likely to exceed US$100 million (RM313.7 million), as they and other traders continue to deal with thousands of problems with customer orders.
A technical glitch delayed the social networking company’s market debut by 30 ... Read More
People walk past a map in the financial district in the City of London, May 24, 2012. – Reuters pic
Tech pressures Nasdaq in volatile trading
NEW YORK, May 25 — Stocks ended slightly higher in a third session marked by late-day swings, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech ... Read More
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 ... Read More
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
More Articles
- Shares, euro fall as Europe’s economy worsens
- CIMB posts RM1.3b Q1 profit
- Maybank Q1 net profit up 18.4pc
- As rivals falter, Lenovo has emerging market edge
- Europe shares, euro recover but Greece no nearer solution
- Indonesia set to cap bank owners’ stakes
- EU urges Greece to stay, but plans for possible exit
- HK, China shares drop; China flash PMI fails to cheer
- Mustapa: China, Europe slowdown not cutting us deeply
- Asia shares edge up but vulnerable on Greece risks
- China factories seen to falter in May
- Analyst calls for May 24
- Facebook exec ducks questions about IPO debacle
- HP to cut 27,000 jobs, profit slides 31pc
- Burberry targets super rich with bigger stores
- American Eagle profit beats on repeat business
- SAM Malaysia eyes RM1b revenue
- Facebook, banks sued over pre-IPO analyst calls
- Reebok India accuses former top execs of US$157m fraud
- US company clinches US$42m Johor-Singapore rapid transit link study
- China plans brokerage reforms to create its own Goldman Sachs
- KL shares end softer
- SE Asia stocks slide as euro zone worries keep investors away
- Shares fall as doubts over EU crisis deal grow
- Facebook advised analysts to cut forecasts before float
- RHB revises MAS losses upwards after Q1 losses exceeded expectations
- Petronas seeks 10-12 partners for RAPID project
- Investors sue Nasdaq, Facebook over IPO
- THS Resources to spend up to RM1b over next 5 years
- World Bank cuts China forecast, urges measured policy
- Massachusetts subpoenas Morgan Stanley over Facebook
- Analyst call May 23
- Maybank ups Malaysia’s automotive sector to overweight
- Ford gets second investment-grade nod from Moody’s
- Golden age or bubble? Plane-makers walk the line
- More top executives willing to pay bribes, survey finds
- Wall Street ends flat after late volatility
- Facebook shares hit again as valuation doubts rise
- Morgan Stanley cut Facebook estimates just before IPO
- Bank Negara reserves at US$136.1b on May 15
- Greeks embrace some new myths about life with the euro
- Felda Global to kick-start book-building from May 31
- In Lembah Pantai, violence erupts during PKR ceramah
- Putrajaya defends Bersih 2.0 suit, says ‘obvious’ group broke the law
- Sarawak not ready for minimum wage, says Ta Ann CEO
- 50 teachers apply to participate in politics: Puad Zakarshi
- Home Ministry bans Irshad Manji’s book titled ‘Allah, Liberty and Love’
- Putrajaya pertahan dakwaan ke atas Bersih 2.0, kerana melanggar PAA 2012
- Mahkamah rayuan kekalkan keputusan, Utusan diarah bayar Khalid Samad
- Najib pengerusikan rundingan meja bulat ekonomi masyarakat India
- Bersih bersedia untuk lawan saman Putrajaya
- WWW 1 terima bidaan tertinggi dengan nilai RM520,000
