Stanley Thai, Founder and Executive Chairman of Supermax tells CNBC how he built the world's second largest glove maker.» Read More
Stanley Thai, Founder and Executive Chairman of Supermax tells CNBC how he built the world's second largest glove maker.
TOKYO, May 11- Sharp Corp, Japan's leading maker of liquid crystal displays, will rely on expanding supplies of small panels to Samsung Electronics Co while still shipping screens to rival Apple Inc, in a bid to raise factory output levels and remain viable, three sources said.
*Australia, Korea cut rates, NZ intervenes. Fears that a global currency war is brewing were fuelled when the Reserve Bank of Australia and Bank of Korea both cut interest rates this week, citing the strength of their currencies as one of the reasons to act.
NEW YORK/ BOSTON, May 9- In one of the biggest ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.
*Batam Island route follows use of Labuan, Malaysia. LONDON, May 9- Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources.
KUALA LUMPUR/ RIO DE JANEIRO, May 8- Malaysian state oil firm Petronas agreed to pay $850 million for a stake in two Brazilian offshore oil blocks, bolstering its billionaire owner Eike Batista who is unloading assets to keep his energy, mining, port and shipbuilding companies afloat.
*Petronas agrees to first ever Brazil buy in overseas expansion. KUALA LUMPUR/ RIO DE JANEIRO, May 8- Malaysian state oil firm Petronas has agreed to pay $850 million for a stake in a Brazilian offshore oil field, bolstering its billionaire owner Eike Batista who is unloading assets to keep his energy businesses afloat.
*Petronas makes first ever acquisition in Brazil. *OGX blocks are 95 km offshore Rio de Janeiro state. KUALA LUMPUR/ RIO DE JANEIRO, May 8- Malaysian state oil firm Petroliam Nasional Bhd agreed on Wednesday to pay $850 million for a 40 percent stake in a Brazilian offshore oil field controlled by Brazil's OGX Petroleo e Gas SA.
SINGAPORE, May 8- Shares of Wilmar International Ltd rose as much as 3 percent in early trade on Wednesday after the Singapore palm oil firm posted a 23 percent rise in first-quarter net profit, largely due to a recovery in its oilseeds and grains segment.
----PREVIOUS ITEMS: Telekom Malaysia has cash to settle sukuk-The Star----.
SYDNEY, May 8- Australian shares rose 0.7 percent to their highest level in a week in early Wednesday trade, buoyed after Wall Street notched up record highs, helped by better-than-expected German industrial data.
NOTE: Reuters has not verified these stories and does not vouch for their accuracy.
Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market. *Fraser& Neave Holdings Bhd press conference on first half financial results, Level 1, Training Room, No 3, Jalan Metro Pudu 1, Fraser Business Park, Off Jalan Yew, Kuala Lumpur at 10 am.
SYDNEY, May 8- Australian shares are set to open firmer on Wednesday after a cut in local interest rates and a rise on Wall Street on upbeat German economic data, while investors will watch for trade data from China.
said on Tuesday it began building a $100 million cocoa processing facility in Indonesia to meet growing demand in Asia for chocolate and other cocoa products. The facility under construction is in Gresik, in the East-Java region of Indonesia.
SINGAPORE, May 7- Malaysian-based Titan has bought a June naphtha cargo at levels of around minus 50 cents a tonne to Japan quotes on a cost-and-freight basis, making this the first discount for the company in nine months, traders said on Tuesday. The purchase came at a time of ample supplies due to high eastbound shipments from the west to Asia.
Banks such as CIMB Group Holdings Bhd. and Malayan Banking Bhd led gainers in Malaysia, with the broader Kuala Lumpur's composite index ending up 1.4 percent at 1,776.73 after Monday's 3.4 percent jump.
*Trade due on Wednesday, May 8 at 0401 GMT. By Anuradha Raghu and Lilian Loh. May 7- Malaysia's central bank will likely leave interest rates unchanged for a 12th time at its policy meeting this week, all 15 economists said in a Reuters poll, pointing to steady economic growth and low inflation.
SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows, while New Zealand's benchmark index hit a record closing high.
SYDNEY, May 7- Australian shares ended 0.2 percent lower on Tuesday after the central bank decided to cut rates, spurring a modest recovery in financials from the day's lows.