Business News

SAN FRANCISCO (Bloomberg): Warren Buffett isn’t the only investor to examine Oracle Corp and declare he doesn’t “understand the business.” Even Wall Street analysts who cover the world’s second-largest software maker must read the tea leaves to discern how much progress Oracle has made in its long-stated goal to transition to a cloud-computing powerhouse. Oracle,
0 Comments
KUALA LUMPUR: For two centuries, all too many discussions about hunger and resource scarcity has been haunted by the ghost of Parson Thomas Malthus. Malthus warned that rising populations would exhaust resources, especially those needed for food production. Exponential population growth would outstrip food output. Humanity now faces a major challenge as global warming is
0 Comments
Datuk Mohamad Ayob Abu Hassan, advisor, Affin Hwang Asset Management (Affin Hwang AM); Teng Chee Wai, managing director, Affin Hwang AM; Raja Tan Sri Aman Raja Ahmad, Director, Affin Hwang Investment Bank; Abd Malik A Rahman, chairman, Affin Hwang Investment Bank; Jeneral Datuk Seri diRaja Tan Sri (Dr.) Mohd Zahidi Zainuddin (Retired), Chairman, Affin Bank
0 Comments
The FTSEurofirst 300 index of leading regional shares closed down 0.96 percent while MSCI’s all-country world equity index declined 0.62 percent. Stocks on Wall Street, down more than 1 percent for most of the session, recouped some losses at the close. The Dow Jones Industrial Average fell 208.98 points, or 0.84 percent, to 24,528.22. The
0 Comments
DELAWARE (Bloomberg): Three former Credit Suisse Group AG bankers were charged in New York with defrauding US investors who helped provide more than US$2bil in loans to Mozambique, thrusting another global bank into a fundraising scandal involving a developing nation. Andrew Pearse, a former managing director at the bank, Surjan Singh, a managing director of
0 Comments
KUALA LUMPUR: AmInvest has declared income distribution of about RM30mil for 18 unit trust funds from September to November 2018, encompassing conventional and Shariah-compliant offerings across various asset classes. In a statement, AmInvest said one of these funds was AmIncome Reward, an in-house managed fixed income fund launched in 2006. The fund declared an annual
0 Comments
SEOUL: South Korean exports fell slightly in December from a year earlier, official data showed on Tuesday, missing even the most pessimistic forecast from a Reuters survey and providing fresh evidence of a cooling global economy. Although all 10 economists in the Reuters survey had forecast a rise in exports, some said the data was
0 Comments