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  • Fajarbaru up 1.39% on Australian firm acquisition news

    April 11, 2018 3:59 AM 6

    PETALING JAYA: Fajarbaru Builder Group Bhd's share price rose one sen or 1.39% this morning, following its acquisition of Australian property development company Beulah Northcote Land Pty Ltd (BNL) for RM8.9 million. At 11.20am, the stock stood at 72 sen with 115,300 shares changing hands, giving it a market capitalisation of RM268.4 million

  • Ant said in talks to raise US$10b in Temasek-led funding

    April 11, 2018 1:21 AM 8

    A logo of Ant Financial is displayed at the Ant Financial event in Hong Kong, China November 1, 2016. — Reuters picSINGAPORE, April 11 — China’s Ant Financial is seeking to raise at least US$10 billion (RM38.6 billion) in a funding round that could make the payments giant controlled by Alibaba-founder Jack Ma the most valuable startup in the world, according

  • China files complaint with WTO over US steel, aluminium tariffs

    April 10, 2018 2:41 PM 8

    BEIJING: China has asked the World Trade Organisation (WTO) to mediate in its dispute with the United States over tariffs on steel and aluminium imports, which Beijing says contradict WTO agreements. According to a statement today from the WTO, China has said the duties of 25% on imports of steel products and 10% on those of aluminium are inconsistent

  • Fajarbaru acquires Australian property developer

    April 10, 2018 12:58 PM 7

    PETALING JAYA: Fajarbaru Builder Group Bhd has acquired 98% of Australian property development company Beulah Northcote Land Pty Ltd (BNL) for almost A$3 million (RM8.9 million). In a filing with Bursa Malaysia today, the group said its wholly owned subsidiary Fajarbaru Land (M) Sdn Bhd acquired 98 ordinary shares at A$1 each in BNL, representing 49% of the total

  • Airbus suspends A320 revamp study amid output problems

    April 10, 2018 12:10 PM 7

    Flight test engineers drive the Airbus A320neo (New Engine Option) after its first flight in Colomiers near Toulouse, southwestern France, September 25, 2014. — Reuters picPARIS, April 10 — Airbus has shelved studies aimed at improving its A320neo family, designed to fend off a mid-market jet that Boeing hopes to build, two people familiar with the matter

  • Luxury goods giant LVMH shares soar on Q1 growth

    April 10, 2018 10:40 AM 8

    A Louis Vuitton logo, part of LVMH luxury group, is pictured on a building in Geneva, Switzerland, November 23, 2017. — Reuters picPARIS, April 10 — French luxury empire LVMH today saw its share price soar over five per cent on the Paris stock exchange after it reported strong global growth for the first three months of 2018. The group, which owns the Dior and Louis

  • MIDA says approved RM9.7b E&E investments last year

    April 10, 2018 8:25 AM 7

    MIDA Deputy Chief Executive Officer II Arham Abd. Rahman (left) and President of SEMI Southeast Asia Ng Kai Fai speaking at a press conference in Kuala Lumpur, April 10, 2018. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, April 10 — Malaysia recorded 109 electrical and electronics (E&E) sector projects with a total approved investment value of RM9.7 billion

  • Gamuda shares up slightly on legal suit

    April 10, 2018 3:37 AM 6

    PETALING JAYA: Gamuda Bhd's share price was slightly up by one sen or 0.2% this morning, after its indirect 40%-owned associate Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) sued Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) for RM4.22 billion. As at 11.16 am, the stock stood at RM5.13 with 173,800 shares changing hands. It has a market capitalisation

  • Kumpulan Perangsang Selangor down 1.55% on news of JV with Chinese firm

    April 10, 2018 3:25 AM 10

    PETALING JAYA: Kumpulan Perangsang Selangor Bhd's (KPS) share price fell two sen or 1.55% this morning, after announcing its joint venture (JV) with China's Honda Printing Holdings Ltd to produce offset carton boxes at an investment cost of RM2.87 million yesterday. At 10.47 am, the stock stood at RM1.27 with 70,300 shares changing hands. KPS has a market

  • Temasek stake values ‘Salt Bae’ Turkish restaurant owner at US$1.2b

    April 10, 2018 1:43 AM 8

    A woman passes a logo of state investor Temasek Holdings at its office in Singapore July 8, 2014. — Reuters picISTANBUL, April 10 — Singapore's Temasek and Britain's Metric Capital have bought into Nusr-Et steakhouse owner D.ream in a deal valuing the Turkish firm at US$1.2 billion (RM4.64 billion). Nusr-Et was made famous by butcher-turned-social media