7-day Archive: 

Business

Time Warner beats forecasts, shares up

NEW YORK, Feb 8 – Time Warner Inc posted better-than-expected quarterly profit today helped by its cable networks and the last installment of its Harry Potter movie franchise.

Shares rose 2.6 per cent in early trading on share buybacks, a better-than-forecast profit outlook and an increase in its quarterly dividend.

Time Warner, like other ... Read More

A worker wipes the fuel prices on a board as she updates the new price — 300 yuan increase per tonne) at a gas station in Hefei, Anhui province February 8, 2012. — Reuters pic
A worker wipes the fuel prices on a board as she updates the new price — 300 yuan increase per tonne) at a gas station in Hefei, Anhui province February 8, 2012. — Reuters pic

Bosch says still committed to Penang solar panel plant

By Yow Hong Chieh
KUALA LUMPUR, Feb 8 – Robert Bosch GmbH said today it remains committed to investing in a proposed solar panel plant in Penang following reports that the German engineering firm has put site construction ... Read More

Malaysian exporters halt palm oil supply to Iran

KUALA LUMPUR, Feb 8 – Malaysian palm oil exporters have stopped supplying Iran with most of the 30,000 tonnes of the food staple the Middle Eastern country buys each month, or about half its demand, as ... Read More

Moody’s misses estimates with lower profit

NEW YORK, Feb 8 – Moody’s Corp net income fell 30 per cent in the fourth quarter, missing Wall Street estimates, as expenses rose and companies backed away from issuing bonds during the European debt ... Read More

S&P cuts Sony rating, warns of further downgrade

TOKYO, Feb 8 – Standard and Poor’s cut its long-term debt rating on Sony Corp today to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve ... Read More

World Bank arm, Singapore GIC eye infrastructure fund

SINGAPORE, Feb 8 – The World Bank’s investment arm, International Finance Corporation, and sovereign wealth fund, the Government of Singapore Investment Corporation , are exploring the setting up of a ... Read More

SE Asia Stocks: Markets rise, aided by Greece hopes

BANGKOK, Feb 8 – Southeast Asian stock indexes rose today as strong oil and metal prices bolstered commodities-related shares, and on hopes the Greece would agree to a reform deal that would open the way ... Read More

Japan to slash use of a heavy rare earth as China tightens grip

TOKYO, Feb 8 – Japan aims to cut domestic consumption of a heavy rare earth used widely in hybrid cars and electronics by 30 per cent over the next two years as China keeps a tight grip on exports of the ... Read More

Bank Negara extends currency swap deal with China

KUALA LUMPUR, Feb 8 — Bank Negara said today it had renewed its currency swap agreement for another three years with the People’s Bank of China, increasing the size to RM90 billion from RM40 billion ... Read More

BHP Billiton profit slips but still in league of its own

MELBOURNE, Feb 8 — BHP Billiton, the world’s biggest miner, reported a rare fall in earnings on Wednesday, hurt by labour battles and weaker commodity prices, but the result showed it was still in a ... Read More

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