Airline earnings underscore discounting pressure
United Airlines forecast a lower-than-expected profit in the current quarter and announced plans to cut capacity, providing further evidence that…
Category: Corporate News
Haily wins RM77mil contract
Haily Group Bhd has secured a RM76.65mil contract to construct 171 link houses in Johor Baru for a project undertaken…
Five Below slumps to a low as analysts worry
Wall Street’s enthusiasm for Five Below Inc plummeted along with its shares Wednesday, with the departure of its long-time chief…
Sustainability sukuk by Samaiden
Samaiden Group Bhd has established multi-currency sustainability sukuk Wakalah programmes of RM1.5bil in total as part of its strategic financial…
Many US solar factories are lagging except those that China owns
Construction of US solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as…
Morgan Stanley sells US$8bil of bonds
Morgan Stanley became the latest big Wall Street bank to tap the US investment-grade market after reporting earnings, as strong…
CVC Capital Partners to buy out and delist Comarch
Private equity fund CVC Capital Partners and some shareholders of Comarch SA has announced plans to buy out and delist…
Samsung Electronics buys British AI tech startup
Samsung Electronics has bought a British startup that develops advanced artificial intelligence (AI) technology, the South Korean tech giant says,…
Pavilion-REIT to benefit from higher tourist spending
Pavilion Real Estate Investment Trust’s (Pavilion-REIT) premium retail assets are less vulnerable to downward pressure on occupancy and rental rates,…