News

KUALA LUMPUR: Kossan Rubber Industries Bhd saw its profit more than halve to RM218.67mil in the fourth quarter ended Dec 31, 2021 (4Q21) from RM543.42mil in the same quarter a year ago. Read full story

PETALING JAYA: Malaysia recorded vehicle sales of 40,581 in January 2022, rising 21.6% from 33,392 units in the same month last year, says the Malaysian Automotive Association (MAA). Read full story

Agency forming sustainability unit Read full story

LONDON: Airbus SE has posted a record net income of �4.2bil (US$4.66bil or RM19.5bil) for 2021 and set plans to reinstate a dividend, in a decisive move to leave the worst of the two-year Covid-19 pandemic behind. Read full story

KUALA LUMPUR: While environmental, social and governance (ESG) concerns are increasingly becoming relevant, the financial performance of companies or industries will still be the primary factor driving investing decisions, according to Rakuten Trade head of equity sales Vincent Lau.(pic) Read full story

NEW YORK: Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia planned to attack Ukraine, while Moscow accused Washington of ignoring its security demands. Read full story

NEW YORK: Tesla and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to punish Musk for being an outspoken critic of the government. This report produced by Freddie Joyner. Read full story

NEW YORK: Oil prices fell about 2% on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages and could unlock more crude supplies, but losses were limited by tension between top energy exporter Russia and the West over Ukraine. Read full story

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NEW YORK: Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand against soaring prices. Read full story

KUALA LUMPUR: MR DIY Group Bhd posted a higher net profit of RM431.83 million for the financial year ended Dec 31, 2021 (FY2021) compared with RM337.16 million in the previous year. Read full story

KUALA LUMPUR: Teo Seng Capital Bhd returned to the black with a net profit of RM12.05mil for the fourth quarter ended Dec 31, 2021 (4Q21) from a net loss of RM2.14mil, thanks to the improved selling price of eggs. Read full story