UBS reports first profit since taking over Credit Suisse
ZURICH: UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival…
Asia shares rise on rate cut bets; Aussie slips on RBA
SINGAPORE: Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while a weaker yen and…
Pekat unit in negotiations over purchase of stake in electrical power solutions firm
KUALA LUMPUR: Pekat Group Bhd's wholly-owned subsdiary Pekat Teknology Sdn Bhd has entered into negotiations with Apex Power Industry Sdn…
Saudi Aramco maintains dividend despite lower net income in Q1
DUBAI: Saudi Arabia's state-owned oil giant Aramco reported a 14.4% fall in first-quarter net profit on the back of lower…
M&A Securities and Newparadigm back Siab’s acquisition of Taghill with rights issue
KUALA LUMPUR: Siab Holdings Bhd has announced its plans to raise approximately RM103.98mil through private placement, of which RM12mil has…
Nintendo expects to sell 13.5 mln Switch units this year
TOKYO: Nintendo said on Tuesday it expects to sell 13.5 million Switch consoles in the financial year ending March 2025.
Overcapacity talk won’t affect MNCs’ commitment
EXAGGERATING the "China overcapacity" narrative will impede the advancement of high-quality production capacity globally but will not discourage multinational corporations…
Oil climbs after Israel strikes Gaza, truce talks continue
SINGAPORE: Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas…
UOB Malaysia launches Masterclass to help businesses for EU’s Carbon Border Policy
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has launched the Carbon Border Adjustment Mechanism (CBAM) Supply Chain Imperatives…