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5y

MICE boost set to stimulate Penang business activities

State takes lead as first to introduce standardised guidelines for local events last year, says tourism and creative economy exco

5y

Chile copper company’s profits soar to US$2 bil despite Covid-19

Codelco’s production hits 1.6 billion tonnes in 2020, up 30,000 tonnes on-year

5y

SoftBank settlement sees US$50 mil windfall for WeWork co-founder

Deal sees internet investor buying US$1.5 bil stock from others, including US$500 mil from Adam Neumann

5y

Ringgit may stay under pressure against greenback next week

Investors shifting focus to bonds on the rise in yields, says senior market analyst

5y

Trading app Robinhood facing US regulator inquiries

Platform ‘played it by the books’, insists CEO

5y

Dagang Net to challenge RM10.3 mil MyCC fine

Company, found to have engaged in exclusive dealings, says it always conducts business in compliance with laws, regulations

5y

Mexican state oil firm Pemex reports US$23 bil loss last year

Rating agencies Fitch and Moody’s downgrade energy corporation’s credit rating to junk status

5y

Wall Street ends volatile week mostly lower

Rise in yields in recent sessions remains point of concern for investors

5y

Virus-hit airline giant IAG dives to €6.9 bil loss

Company says revenues slumped almost 70% to €7.8 billion from €25.5 billion as passenger capacity was slashed following pandemic

5y

CIMB posts RM1.19 bil net profit for 2020

Lender’s net profit  fell from RM4.56 billion recorded in the previous year

5y

MAHB posts RM1.11 bil net loss for 2020

Airport operator says revenue from operations fell by 83.2% to RM215.2 mil in fourth quarter 

5y

TNB declares 18 sen dividend on lower revenues

National utility company says net profit fell to RM3.40 bil from RM4.53 bil in the same period a year earlier

5y

RHB Bank eyes 9% in return on equity this year

Lender achieved ROE of 7.7% last year