Latest
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Corporate News
Higher earnings for Pavilion-REIT
Pavilion Real Estate Investment Trust (Pavilion-REIT) will focus on managing its expenses to optimise efficiency going forward.
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Corporate News
Luxchem 1Q24 showing up on trading segment
Luxchem Corp Bhd will continue to improve its own productivity and efficiency in mitigating external challenges.
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Corporate News
Eupe fourth-quarter profit rises 29%
Eupe Corp Bhd’s net profit rose by 29% year-on-year (y-o-y) to RM14.54mil in the fourth quarter ended Feb 29, 2024, largely driven by stronger revenue from its property development business.
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Corporate News
Positive outlook for Sabah Ports with tie-up
Suria Capital Holdings Bhd’s partnership with DP World, an Emirati multinational logistics company based in Dubai, is viewed positively by MIDF Research.
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Corporate News
Vitrox 1Q profit hit by weaker demand
Vitrox Corp Bhd is optimistic that the global semiconductor industry will pick up its momentum gradually in the coming quarters.
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Corporate News
Boeing CEO upbeat on cash goal, quality review
Boeing Co chief executive officer Dave Calhoun says the embattled planemaker is making progress toward turning around its manufacturing and that it will hit its mid-decade cash-flow goal, even after reporting a major outflow in the first three months of the year as it slows output.
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Banking
Bank asset values in UK face 5% hit this decade
Banks in the United Kingdom may be facing significant losses in the coming years as the value of their assets is eroded by nature-related shocks such as water scarcity and pollution.
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Economy
Congo accuses Apple of using ‘blood minerals’ from war-torn east
The government of the Democratic Republic of Congo (DRC) is accusing Apple of using “illegally exploited” minerals extracted from the country’s embattled east in its products, according to lawyers representing the African country.
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Auto
Battery recycling shatters the myth of EV waste
Making a battery for an electric vehicle (EV) typically requires mining hundreds of pounds of hard-to-extract minerals.
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Economy
Nasa chief asks nations to work together on climate change
Nasa is hoping that nations will work together more closely in the future on topics such as climate change, including greenhouse gas emissions, the space agency’s head, Bill Nelson says.
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Economy
Inflation remains moderate at 1.8%
With ample opportunities to assess the state of the economy given the monthly data released by the Statistics Department, economists are taking a big-picture view with their outlook.
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Markets
Battery stocks’ rally in India likely to extend
A rally in India’s battery maker stocks this month looks poised to extend amid optimism over further collaborations with foreign vehicle manufacturers.
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Corporate News
NYCB faces tough choices on CRE loans, balance sheet diversification
New York Community Bancorp (NYCB) will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances.
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Corporate News
Pantech seeks to list steel pipe units
Pantech Group Holdings Bhd is looking to de-merge its stainless steel and carbon steel pipe manufacturing subsidiaries for an eventual listing on the Main Market.
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Aviation
Airlines must now provide automatic refunds for cancelled flights
Airlines will now have to provide automatic refunds to travellers if flights are cancelled or significantly altered under new US Department of Transportation (DoT) rules, a significant change for consumers that could drive up costs across the industry.
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Corporate News
Meta projects higher spending, weaker revenue
Meta Platforms Inc increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic technological bets will eventually pay off for investors.
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Property
Property market recovery on the horizon
When it comes to Chinese real estate, John Lam is a lone wolf. The UBS analyst shocked markets three years ago with a rare “sell” rating on China Evergrande Group, 11 months before it defaulted and became the poster child for the property collapse.
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Corporate News
Ford profit up on sales of commercial vehicles
Ford Motor Co posted first-quarter earnings that beat Wall Street’s expectations, bolstered by a strong performance in its commercial-vehicle division and an increase in its hybrid-vehicle sales.
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Corporate News
AI memory boom propels SK Hynix’s numbers
SK Hynix Inc says it expects a full recovery in the memory market, led by surging demand related to artificial intelligence (AI), and lifted its capital spending plans.
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Corporate News
Buyout proposal for Anglo American could reshape copper market
London-listed miner Anglo American says it has received an all-share buyout proposal from BHP Group, a deal that would create the world’s biggest copper miner churning out around 10% of global output.