Business News Archives - New Malaysia News

Carillion-peer Interserve sinks shares with rescue plan
BENGALURU: Shares in Interserve Plc sank 50 percent in value on Monday after it announced a rescue plan that sought to head off a Carillion-style collapse by converting much of its debt into new shares, potentially handing control of the company to its creditors. [...]
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Chinese state media distance Huawei arrest from US trade talks
BEIJING: Chinese state media on Monday denounced the arrest of a top executive at tech giant Huawei , but did not link it to talks to resolve a trade dispute with the United States, an apparent effort not to undermine prospects for a deal. [...]
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Yinson named one of the best companies to work for in Asia
PETALING JAYA: Integrated offshore production and offshore support services provider Yinson Holdings Bhd was awarded one of the Best Companies to Work for in Asia 2018, Malaysia edition. [...]
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Worldwide Holdings in JV with China firm for RM500m waste-to-energy plant
KUALA LUMPUR: Worldwide Holdings Bhd is teaming up with a Chinese company Westerm Power Clean Energy Sdn Bhd to build a RM500mil waste-to-energy (WTE) plant in Jeram, Selangor. [...]
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Tabling of Felda White Paper postponed
KUALA LUMPUR: The tabling of the White Paper on the Federal Land Development Authority (Felda) has been postponed to next year due to certain legal issues needed to be resolved first. [...]
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Malaysia to cut oil output by 15,000 barrels per day, says Azmin
KUALA LUMPUR: Malaysia will reduce its total oil output by 15,000 barrels per day (bpd) in line with the proposal by the oil-producing countries to support oil prices, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said on Sunday. [...]
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Wall St. tumbles, indexes post biggest weekly losses since March
NEW YORK: Wall Street's main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over U.S.-China trade tensions and interest rates convulsed Wall Street. [...]
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Oil prices climb on Opec-led cuts, but off session highs
NEW YORK: Oil prices ended more than 2 percent higher on Friday after Opec members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market, but the gains were capped by concerns that the cuts would not offset growing production. [...]
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Malaysian palm oil price dips under pressure from weaker related edible oils
KUALA LUMPUR: Malaysian palm oil futures closed lower on Friday, falling for a second week, weighed down by weakness in related edible oils and crude oil. [...]
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