7-day Archive: 

Business

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 different league from its would-be rival: Glencore-Xstrata.

Despite the 6 per cent drop in half-year profit to US$9.94 billion (RM29.91 billion), ... 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 freezes Penang solar plant

By Yow Hong Chieh
KUALA LUMPUR, Feb 8 — Leading German engineering firm Robert Bosch GmbH postponed its €520 million (RM2.05 billion) Penang solar panel plant’s construction, which would have been the company’s largest, ... Read More

Wall St edges up in quiet day; Disney down late

NEW YORK, Feb 8 — Stocks rose slightly yesterday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days.The S&P has gained ... Read More

Bernanke urges Congress to address Bush tax cuts

WASHINGTON, Feb 8 — Federal Reserve Chairman Ben Bernanke yesterday warned Congress that putting off a decision on the fate of expiring Bush administration tax cuts could unsettle businesses and ... Read More

Goldman names Yong as co-head of Investment Banking Southeast Asia

SINGAPORE, Feb 8 — Goldman Sachs has named Hsin Yue Yong as co-head of investment banking, Southeast Asia, according to an internal memo obtained by Reuters.Yong, who was head of strategic relationship ... Read More

Analyst calls for Feb 8

KUALA LUMPUR, Feb 8 — This is a selection of morning calls by local research houses for the day.From HwangDBSDuring the closure of our Malaysian stock exchange on Monday and yesterday, regional peers ... Read More

Indonesia investors confident of coup at Rothschild’s Bumi

JAKARTA, Feb 7 – The Indonesian shareholders of Bumi Plc are confident they can shake up the miner’s board and remove co-chairman Nat Rothschild before creating the world’s biggest coal firm, major ... Read More

Swatch captures the moment for Chinese watch demand

ZURICH, Feb 7 – Strong demand for expensive watches in China helped Swatch Group clock up an 18 per cent rise in 2011 profits and build some sales momentum for the current year too.The world watch ... Read More

China to raise fuel prices tomorrow: Sinopec

BEIJING, Feb 7 – China will raise the ceiling on retail prices for petrol and diesel by 300 yuan (RM142.98) per tonne from tomorrow, a senior Sinopec official said, its first fuel price hike in 10 ... Read More

Air France cancels half of long-haul flights

PARIS, Feb 7 – Air France cancelled one in two long-distance flights and about 30 per cent of medium-haul flights today as pilots stepped up protests over government plans to make strikers give two day’s ... Read More

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