Business - The Malaysian Insider

Euro dips after surge post-Central Bank meet

The euro dipped today after a shocking series of moves around yesterday's European Central Bank meeting which ended with its biggest gain in a month, undermining the case of those still calling...

Hibiscus Petroleum buys 50% of Anasuria shares

Hibiscus Petroleum Bhd's indirect wholly owned unit, Anasuria Hibiscus Uk Ltd, has acquired a 50% stake in the Anasuria Cluster of producing oil and gas (O&G) fields. In a filing to Bursa...

Indonesia’s Pertamina seeks 132,000 tonnes of Iranian gas

Indonesia hopes to import up to three cargoes, or about 132,000 tonnes, of liquefied petroleum gas (LPG) from Iran in the second half of the year, an official at state energy firm Pertamina said...

Hong Kong shares track Asian markets higher

Hong Kong shares rose over 1% today as Asian markets clawed back earlier losses incurred after the European Central Bank signalled it had limited room for further policy easing. The Hang Seng...

Malaysia’s January industrial output up 3.2% on year

Malaysia's industrial production index (IPI) rose 3.2% in January, from a year earlier, on higher mining, manufacturing and electricity output. In a statement today, the Statistics Department...

Bursa stabilising, foreign investors returning

Bursa Malaysia says it is stabilising as evidenced by rising foreign investor interest, riding on the improvement of the ringgit and strengthening of the crude oil price. Net foreign buying in...

Malaysia’s January industrial output up 3.2% on year

Malaysia's industrial production index (IPI) rose 3.2% in January, from a year earlier, on higher mining, manufacturing and electricity output. In a statement today, the Statistics Department...

Public IB Research values Bison at RM1.15

Public IB Research has valued soon-to-be listed Bison Consolidated Bhd at RM1.15 based on 25x FY16F EPS of 4.7sen, which implies an upside of 4.3% from its IPO price of RM1.10. In a note today,...

Zecon up 1.21% after RM1.46 billion highway deal

Zecon Bhd shares rose 1.21% in early trade today after its consortium with Kimlun Corporation Bhd clinched a RM1.46 billion contract to develop and upgrade a portion of the Pan Borneo Highway in...

Colgate extends restructuring, to cut more jobs

Colgate-Palmolive Co said on Thursday it would cut more jobs under an extended restructuring programme as the world's largest toothpaste maker grapples with tough macro-economic conditions,...

Felda Global Ventures says CEO Emir Mavani to stay

Malaysian palm plantation operator Felda Global Ventures Holdings Bhd said today Mohd Emir Mavani Abdullah will continue to serve as its chief executive officer and president, after local media...

Kingfisher baron denies charge he is an ‘absconder’

Indian liquor baron Vijay Mallya, who left the country as he faced pressure from banks to repay more than US$1 billion (RM4.12 billion) owed by his collapsed airline, refuted charges he was an...

MBSB’s cash call may lead to 40% EPS dilution, says Affin Hwang

Malaysia Building Society Bhd's (MBSB) planned rights issue of new shares to raise up to RM2 billion may dilute earnings per share (EPS) by up to 40%, according to Affin Hwang Investment Bank...

Ringgit opens lower against US dollar

The ringgit opened lower against the US dollar this morning as the slight decline in global oil prices dampened sentiment for the local note, dealers said. At 9.02am, the local unit was quoted...

KLCI opens lower in line with lacklustre regional markets

The FBM KLCI opened lower today in line with the lacklustre regional markets and flat overnight close at US markets. At 9am, the FBM KLCI fell 1.73 points to 1,689.18. The top decliners...

Oil prices dip amid doubts about producer meeting

World oil prices dipped yesterday as doubts rose about whether key producers led by Russia and Saudi Arabia would meet this month to discuss crude output limits. But markets still held onto...

KLCI to consolidate, 1,765-1,700 level seen

The FBM KLCI is expected to consolidate today with 1,675 to 1,700 point level seen as the likely level for the index going into the weekend, in line with the overnight dip at most global...

ECB ‘bazooka’ blows eurozone stocks up

Eurozone stocks rallied Thursday after the European Central Bank (ECB) slashed its main interest rate to 0% for the first time, and boosted the amount of stimulus it is pumping into the...

Oil meeting on output freeze unlikely without Iran progress

A meeting between oil producers to discuss a global pact on freezing production is unlikely to take place in Russia on March 20, sources familiar with the matter say, as Opec member Iran is yet...

Twitter doles out stock, cash bonuses to retain talent, reports WSJ

Twitter Inc is sweetening its employee compensation packages to encourage staff to stay with the company, The Wall Street Journal (WSJ) reported. The company granted varying amounts of...