Seemingly recession-proof smart phone suffering from side effect
More subdued market seen this week
PETALING JAYA: The stock market, spurred by the better-than-expected gross domestic product growth of 8.9% for the second quarter, is expected to consolidate this week as a result of some profit-taking and lack of fresh leads domestically.
Wall Street investors on guard against more deterioration in stocks
NEW YORK: With Wall Street limping along through the summer doldrums, investors say they will remain on guard for more deterioration in whats expected to be a light-volume week.
Spotlight on Genting EGM
PETALING JAYA: While the investing community may now be re-looking at Genting Malaysia Bhd due to its new flavour as an international play, just earlier this year this casino operator did not have a compelling story to tell.
Bargains tickets from airlines – even less than 10 sen to India
PETALING JAYA: With competition heating up in the airline industry, many air carriers, especially budget airlines, in recent years have brought down their fares to make it more affordable to travel by air.
MAS gets higher bookings for H2
PETALING JAYA: Malaysia Airlines (MAS) has seen a 10%-15% improvement on its forward pre-load bookings for the second half of 2010 from a year ago, said its senior general manager, sales and marketing, Datuk Bernard Francis.
Is the old 555 notebook or the new IPad better?
THERE is just so much information going around. And so many gadgets that channel the information to us. I was having supper with my wife at a WiFi-connected coffee outlet recently and the silence was deafening. Every table was occupied but people were not talking to one another. There were just as many notebooks as there were customers, and obviously there was plenty of virtual conversations going on.
Are directors being set unrealistic objectives?
I WORRY that with the growing complexity of business, the ever faster pace of change and the demands to go global, directors are being asked to do an increasingly difficult, maybe impossible, job.
Managing government fiscal deficit
MACROECONOMIC planners quite rightly fear two concerns, namely the twin deficits. First, the governmental budget deficit and, second, deficit in the current account of the balance of payments or the nations external account.
QI invests RM100mil in Vasseti
PETALING JAYA: QI Ltd, which is controlled by Datuk Vijay Eswaran, has fully subscribed to the entire offer of RM100mil redeemable convertible cumulative preference shares (RCCPS) in Vasseti Bhd, Vasseti said in a statement.
BoA, ex-CEO Lewis deny Cuomo fraud charges
NEW YORK: Bank of America Corp and former chief executive Kenneth Lewis denied civil fraud charges brought by New Yorks attorney general over the banks takeover of Merrill Lynch & Co amid the 2008 financial crisis.
Court bars AU CEO from leaving US in LCD probe
SAN FRANCISCO: The CEO of the worlds fourthlargest maker of liquid crystal displays has been barred by a federal judge from leaving the United States as Justice Department officials pursue price-fixing allegations against the company.
Regulators close ShoreBank in Chicago
CHICAGO: US regulators on Friday seized notable Chicago-based community development bank ShoreBank after Wall Street backers failed to rescue the institution, and its deposits will be taken over by a newly chartered bank.
US ends probe on hedge fund ‘idea dinner’
BOSTON: Hedge fund managers can go back to eating, drinking and sharing trading ideas now that sources say federal investigators have dropped an inquiry into whether a group of money-managers conspired at a so-called “idea dinner” to drive down the value of the euro.
Whistleblower offers German state new data on tax dodgers
BERLIN: A whistleblower has offered a German state data about some 250 companies that have allegedly evaded taxes worth up to 800 million euros (US$1.03bil) through bank holdings in Switzerland, a German paper reported yesterday.
Potash hunt for richer bid may lead to China
SYDNEY: Potash Corp searched for a white knight on Friday, likely to spark interest in China, as BHP Billiton formally launched it US$39bil hostile offer for the worlds largest fertiliser firm.
HSBC the favourite to buy Nedbank
HONG KONG: HSBC Holdings Plc has emerged as the front-runner to buy a controlling stake in Nedbank, South Africas fourth-largest bank, in a deal that could be announced as early as today, the Financial Times quoted people familiar with the talks as saying.
Israel gets okay to join OECD
JERUSALEM: Israels cabinet on Sunday approved the country joining the Organisation for Economic Cooperation and Development (OECD).
CCB posts 20% rise in net profit
HONG KONG: China Construction Bank (CCB), the countrys second-biggest lender, posted a 20% rise in second-quarter profit on loan expansion and a recovery in interest margins.
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