Tue08222017

LAST_UPDATETue, 22 Aug 2017 8am

Coach Has Become A Luxury Brand Again - But Wall Street Wants More

Profits at Coach, the high-end handbag company, nearly doubled in the most recent quarter, to $152 million, as part of the company's aggressive turnaround efforts.

Read more: Coach Has Become A Luxury Brand Again - But Wall Street Wants More

Petronas Eyeing Stake In Indian LNG Import Terminal: IOC

Pic: ReutersMalaysian state oil firm Petronas is looking to buy a stake in Indian Oil Corp's Ennore liquefied natural gas (LNG) import terminal, the Indian firm's chairman said on Wednesday.

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MMC Unit Faces Winding Up Petition Over Arbitration Award Of RM10m

KUALA LUMPUR: MMC Corporation Bhd’s wholly owned subsidiary, Southern Water Technology Sdn Bhd (SWT), was served with a winding up petition over an arbitration award of RM10.87 million by Suria 2000 Sdn Bhd.

Read more: MMC Unit Faces Winding Up Petition Over Arbitration Award Of RM10m

CGC Appoints BNM Assistant Governor As Director

KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) has announced the appointment of Jessica Chew Cheng Lian as its non-executive director.

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China Reclaims Position As World's Largest Holder Of US Treasuries

WASHINGTON, Aug 16 -- China reclaimed its position as the world's largest holder of US Treasury securities in June after nine months, the latest data from the US Treasury Department showed on Tuesday, China’s Xinhua news agency reported.

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AmInvest Affirms Petronas Gas' Earnings Forecasts And "Sell" Recommendation

KUALA LUMPUR: AmInvestment Bank Bhd has kept Petronas Gas Bhd’s earnings forecasts for financial years 2017 to 2019 following the release of its latest interim results.

Read more: AmInvest Affirms Petronas Gas' Earnings Forecasts And "Sell" Recommendation

Malaysia's Credit Profile Remains Resilient Despite External Headwinds: Moody's

Pic: NSTP

KUALA LUMPUR: Moody's Investors Service has maintained Malaysia's sovereign rating at A3, saying the credit profile remains resilient despite external vulnerabilities.

Read more: Malaysia's Credit Profile Remains Resilient Despite External Headwinds: Moody's

'Tiffany' Rings Cost Costco $19.4m

US wholesaler Costco is facing a $19.4m (£15m) bill for damages after jewellery chain Tiffany sued it for infringing its trademark by selling "Tiffany" engagement rings.

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IMF Warns On China's Credit Boom

The International Monetary Fund has warned that China's credit growth is on a "dangerous trajectory".

Read more: IMF Warns On China's Credit Boom

Oil Prices Edge Up On Falling U.S. Crude Inventories, But Global Glut Still Weighs

SINGAPORE: Oil prices rose early on Wednesday on a fall in U.S. crude inventories, although analysts said that markets were still being weighed down by general oversupply.

Read more: Oil Prices Edge Up On Falling U.S. Crude Inventories, But Global Glut Still Weighs