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PepsiCo to cut 8,700 jobs, invest in brands
NEW YORK, Feb 9 – PepsiCo Inc expects to cut 8,700 jobs as part of a plan to save an extra US$1.5 billion (RM4.51 billion) over the next three years, as it invests more money in marketing and advertising its brands.
Its shares fell 2.1 per cent to US$65.30 in premarket trading from yesterday’s close of US$66.74 on the New York Stock exchange.
... Read More
Socialist leader George Papandreou leaves the Greek prime minister’s office in Athens February 9, 2012. Greek political leaders have agreed on all points of a bailout package except one. — Reuters Read More
Vodafone hit by weak southern Europe
LONDON, Feb 9 – Vodafone, the world’s largest mobile phone operator, missed quarterly revenue forecasts today as increasingly tough trading in Spain and Italy overshadowed solid performances in emerging ... Read More
Strike costing Air France up to €10m a day
PARIS, Feb 9 – A strike by pilots is costing Air France around €10 million (RM39.89 million) per day in operating income, a spokeswoman said today as the industrial action entered its fourth and final ... Read More
Singapore firms stop Indonesia palm oil exports to Iran
KUALA LUMPUR, Feb 9 – Singaporean firms have stopped supplying Iran with Indonesian palm oil on concerns over the country’s ability to make payments in the wake of Western sanctions, trading sources in ... Read More
ECB to face Greece questions, hold rates
FRANKFURT, Feb 9 – All eyes will be on what the European Central Bank is willing to do to help Greece when it holds its monthly policy meeting today, with interest rates expected to stay on hold ahead of ... Read More
SE Asia Stocks: Most markets pause; Manila off record high
SINGAPORE, Feb 9 – Southeast Asian stock markets were mostly little changed to weaker today as investors cashed in on recent gains, with Indonesia clawing back some early losses after the central bank ... Read MoreMarkets guarded as Athens strives to reach deal
TOKYO, Feb 9 — Shares and the euro struggled today, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt ... Read More
Guan Eng: Bosch downpayment proof of commitment
By Yow Hong Chieh
KUALA LUMPUR, Feb 9 — Robert Bosch GmbH’s multi-million ringgit downpayment on land in Penang for its solar panel plant shows the engineering firm’s commitment to investing in the state, Lim Guan Eng said ... Read More
Europe pull-out won’t hit A350 orders, says AirAsia X
SINGAPORE, Feb 9 — Long-haul budget carrier AirAsia X said its decision to scrap unprofitable routes to Europe will not affect its orders of 10 Airbus A350 passenger planes, chief executive Azran Osman ... Read More
Gamuda-MMC ahead of pack with lowest MRT tunnelling bid
By Yow Hong Chieh
KUALA LUMPUR, Feb 9 — Gamuda-MMC is said to be the lead contender for Klang Valley Mass Rapid Transit (KVMRT) tunnelling works worth RM8 billion after submitting the lowest bid for the job.Business Times, ... Read More
More Articles
- Malaysia’s trade hits record in 2011
- Khazanah denies Medini high finance conspiracy
- AirAsia X eyes IPO in second half 2012
- Analyst calls for Feb 9
- Bloomberg: VW in talks with Proton, looks to grow regional presence
- Don’t chase market stampedes as risks run amok
- Global stocks inch up, euro near flat
- Time Warner beats forecasts, shares up
- Bosch says still committed to Penang solar panel plant
- Malaysian exporters halt palm oil supply to Iran
- Moody’s misses estimates with lower profit
- S&P cuts Sony rating, warns of further downgrade
- World Bank arm, Singapore GIC eye infrastructure fund
- SE Asia Stocks: Markets rise, aided by Greece hopes
- Japan to slash use of a heavy rare earth as China tightens grip
- Bank Negara extends currency swap deal with China
- BHP Billiton profit slips but still in league of its own
- Bosch freezes Penang solar plant
- Wall St edges up in quiet day; Disney down late
- Bernanke urges Congress to address Bush tax cuts
- Goldman names Yong as co-head of Investment Banking Southeast Asia
- Analyst calls for Feb 8
- Indonesia investors confident of coup at Rothschild’s Bumi
- Swatch captures the moment for Chinese watch demand
- China to raise fuel prices tomorrow: Sinopec
- Air France cancels half of long-haul flights
- China says hopes can solve airline fee dispute with EU
- Greek talks check euro, results hit shares
- Glencore to buy Xstrata in US$90 billion deal
- SE Asia Stocks: Manila, Jakarta underperform
- Sanyo cuts US plant jobs to move to Malaysia
- Singapore says casino-related crime well under control
- Greeks delay bailout talks as Merkel demands action
- Yum profit up as China keeps growing
- MF Global shortfall worsened as bankruptcy neared
- Wall St edges lower after string of gains
- China bans airlines from paying EU carbon charges
- Lamborghini to follow Porsche with SUV
- Miners drag on FTSE as traders eye Glencore deal premium
- Global oil demand forecasts could be cut this week
- UK gas prices shoot to 6-year high due to cold
- Tesco delays current account launch to 2013
