Month: July 2018

KUALA LUMPUR (July 31): Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail opines that Tun Dr Mahathir Mohamad’s decision to lead Khazanah Nasional Bhd as chairman of the board is aimed at improving the country’s economy. “I think the Prime Minister has decided to manage (Khazanah) so that the economic level of this
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Archer Daniels Midland‘s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.–China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New York Stock Exchange. Operating profits
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Jack Guez | AFP | Getty Images Bitcoin is a borderless digital currency that eliminates the need for a bank. Therefore, understanding this concept hinges on conceiving financial transactions without banks. Perhaps less surprising is that predictions of bitcoin’s demise fail to account for technological factors. Bitcoin is, after all, technology, but you don’t have
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Check out the companies making headlines before the bell: Pfizer – Pfizer reported adjusted quarterly profit of 81 cents per share, 7 cents a share above estimates. Revenue also beat forecasts. Its results were helped by stronger sales of drugs like its arthritis treatment Xeljanz and pneumonia vaccine Prevnar. Procter & Gamble – The consumer
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Here are some of the highlights for the second quarter: Net income: 647 million Swiss francs ($655 million) Net revenues: 5.6 billion Swiss francs ($5.57 billion) CET1 ratio: 12.8 percent Tidjane Thiam, chief executive officer of Credit Suisse, said the second quarter of 2018 “was a period of continued strong performance as we achieved our
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KUALA LUMPUR (July 31): Credit Suisse analyst Danny Chan upgraded the recommendation on Axiata Group Bhd to outperform from neutral. * Price target (PT) set to RM5.10. Axiata average PT is RM5.36. * Axiata had 12 buys, 15 holds, 1 sell previously: Bloomberg data * Analysts lowered their consensus one-year target price for the stock
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The market’s favorite technology stocks are tanking as investors are growing concerned over the companies’ ambitious growth targets after disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.8 percent drop Monday to the 2,734 level.
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Investors may want to consider unloading bonds in favor of crude oil. According to Bank of America-Merrill Lynch’s Paul Ciana, there are two particular charts that point to an oil breakout that could garner solid returns over the next 6 to 12 months. The firm’s chief global technical strategist’s first chart compares commodity prices to
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Small business is starting to go digital, as smartphone apps, cloud sharing and automation help many of them get more work done in less time. Technology is often billed as a means to replace human labor, yet recent data suggest that small businesses are actually looking to boost headcount, even as they shell out more
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Before students even step foot on campus, financial experts advise beginning with a plan, which includes a conversation between parents and their college-bound children. The financial aid package for your child’s first year of college may be set, but your family should be having an ongoing discussion about student loan debt and how to keep
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