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Nokia's third quarter profit beats expectation
HELSINKI (Oct 28): Telecom equipment maker Nokia reported stronger-than-expected third-quarter operating profits on Thursday as development investments, strategy updates and cost cuts continued to drive a turnaround in the business. Second-quarter net sales rose 2% to 5.4 billion euros ($6.27 billion) from 5.3 billion a year ago, in line with anal
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UniCredit ups 2021 guidance after strong quarter
MILAN (Oct 28): Italy's second-biggest bank UniCredit raised its 2021 profit and revenue guidance on Thursday after reporting stronger than expected quarterly results thanks to falling loan losses and higher revenues. UniCredit, which on Sunday walked out of a deal to rescue state-owned rival Monte dei Paschi, posted a net profit of 1.06 billion e
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The Edge
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Telenor Q3 earnings lag forecasts, repeats outlook
OSLO (Oct 28): Norway's Telenor posted quarterly earnings lagging forecasts on Thursday and reiterated its outlook for 2021. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for July-September fell to 12.86 billion Norwegan crowns ($1.52 billion) from 13.62 billion in the year-ago period, lagging the 13.19 billion ana
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The Edge
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Southern Cable targets to ride on 5G network expansion
KUALA LUMPUR (Oct 28): Cable and wire manufacturer Southern Cable Group Bhd is targeting to ride on higher demand for cables and wires, as the nation embarks on its infrastructure growth and 5G network expansion plans. Managing director Tung Eng Hai said currently the company has secured a rectifier system supply contract worth RM30.4 million from
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The Edge
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Bursa Malaysia remains lower at midday
KUALA LUMPUR (Oct 28): Bursa Malaysia remained lower at midday on Thursday ahead of the tabling of the Budget 2022 on Friday.  At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 11.46 points to 1,571.62 from Wednesday's close of 1,583.08. The benchmark index, which opened 2.0 points weaker at 1,581.08, moved between 1,571.3 and 1,
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The Edge
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马股继续走低
(吉隆坡28日讯)2022年财政预算案将于周五出炉,马股周四继续走低。 截至中午12时30分,富时隆综指挫11.46点,至1571.62点,周三收报1583.08点。 富时隆综指今早低开2.0点,报1581.08点,盘中游走于1571.3点至1581.49点之间。
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The Edge
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1MDB told to file amended writ and statement of claim by Nov 18 in suit against Arul Kanda and Irwan Serigar
KUALA LUMPUR (Oct 28): 1Malaysia Development Bhd (1MDB) was told to file by Nov 18 its amended writ and statement of claim in its US$6.59 billion suit against its former president and CEO Arul Kanda Kandasamy and former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah over the Brazen Sky and International Petroleum Investment Corporat
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The Edge
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Malaysia records highest monthly export value of RM110.8b in September 2021
KUALA LUMPUR (Oct 28): The Department of Statistics Malaysia (DOSM) said on Thursday the country's exports recorded the highest monthly value of RM110.8 billion in September 2021 after increasing 24.7% from a year earlier, supported by domestic exports and re-exports. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement that impo
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The Edge
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联昌国际银行恢复涉及凭单的做市活动
(吉隆坡28日讯)联昌国际集团(CIMB Group Holdings Bhd)间接持有99.99%的联昌国际银行(CIMB Bank Bhd)指出,技术问题解决后,早前受影响的结构凭单做市活动已恢复。 根据向大马交易所的报备,联昌银行表示:“谨此通知所有投资者,我们已经解决了早些时候面临的技术问题,如今将恢复富时隆综指所有结构凭单的做市活动。本公告志期2021年10月28日。” 今日稍早,联昌国际通知,正面临一些技术问题,因此综指的所有结构凭单做市活动受到一些干扰。
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The Edge
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Singapore-based UOL Group to acquire Watten Estate Condominium
PETALING JAYA (Oct 28): Singapore-based UOL Group Ltd has announced that the tender submitted by its indirect subsidiary United Venture Development (No. 4) Pte Ltd (UVD No. 4) for the en-bloc purchase of a freehold property known as Watten Estate Condominium has been accepted on Oct 27 by the members of the sale committee acting on behalf of the co
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BOJ cuts Japan's potential growth estimate, highlighting need for reforms
TOKYO (Oct 28): The Bank of Japan cut its estimate on the country's potential economic growth rate to "around zero or slightly positive," underscoring the need for labour market reforms and deregulation to overcome the challenges posed by a dwindling working-age population. The BOJ presented the finding as part of its quarterly economic and price
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The Edge
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Malaysia records highest monthly export value of RM110.8b in September 20212
KUALA LUMPUR (Oct 28): The Department of Statistics Malaysia (DOSM) said on Thursday the country's exports recorded the highest monthly value of RM110.8 billion in September 2021 after increasing 24.7% from a year earlier, supported by domestic exports and re-exports. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement that impo
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Microsoft nearly overtakes Apple as most valuable company
(Oct 27): A surge in Microsoft Corp's shares nearly unseated Apple Inc as the world's most valuable company on Wednesday, a day before the iPhone maker reports its quarterly results. Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft's shares jumped 4.2% to end at a record $323.17, elevating the software maker's mar
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The Edge
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Dalian coking coal plunges to 2-month low as China steps up intervention
BEIJING (Oct 28): Chinese coking coal futures hit their trading limit down at open on Thursday for a second straight session and plumbed a near two-month low, as Beijing beefed up measures to cool surging coal prices. The country's top economic planner held a slew of meetings with key producers and industry associations on Wednesday to discuss mea
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Ex-army sergeant who refused Covid-19 vaccination gets leave to challenge his dismissal and withdrawal of pension
KUALA LUMPUR (Oct 28): A former army sergeant of the Royal Malay Regiment who had refused to take the Covid-19 vaccination, and was expelled from the army and had his pension revoked will have his day in court. This follows the High Court here on Thursday having granted Wan Ramli Wan Seman leave (permission) to have his judicial review heard on it
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The Edge
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Indian shares edge lower as metals drag; Indusind Bank surges 6%
BENGALURU (Oct 28): Indian shares fell on Thursday, dragged down by metals stocks on the back of sharp declines in global prices, while private lender IndusInd Bank jumped nearly 6% on strong quarterly results. The blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex fell 0.3% each to 18,147 and 60,955.71, respectively, by 0356 GMT. Copp
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The Edge
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云顶香港以1亿向云顶子公司售波音787-8飞机
(吉隆坡28日讯)云顶香港(Genting Hong Kong)以2500万美元(1亿391万令吉)的价格,向云顶(Genting Bhd)间接独资子公司GTL出售波音787-8飞机。 GTL总部设在美国特拉华州。 云顶香港向香港交易所报备说,间接独资子公司Crystal和TVPX Aircraft,已与GTL及犹他州银行(Bank of Utah)签署买卖协议。
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The Edge
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Delta variant likely slammed brakes on U.S. economic growth in third quarter
WASHINGTON (Oct 28): The U.S. economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending. The Commerce Department's advance gross domestic product report on Thursday is
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The Edge
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AirAsia says over 20 new airlines have joined Super App
KUALA LUMPUR (Oct 28): AirAsia Group Bhd has partnered with more than 20 airlines as it builds up its Super App into an online travel agency that also sells flights by competitors, the budget airline said on Thursday. The airlines which have joined airasia Super App as partners include Air Canada, Air France, Bamboo Airways, flydubai, KLM, Qatar A
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The Edge
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World needs US$5 trillion in annual climate finance by 2030 for rapid action
(Oct 28): Climate finance needs to rise sharply to $5 trillion a year globally by 2030 to fund measures to fight climate change, researchers said on Thursday, warning that transformation across economies is too slow to meet international temperature goals. From transport to agriculture and electricity, progress is lagging in all sectors on reducin
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