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Tuesday, October 22, 2019

Tag: loss

Former aircraft engineer loses RM550,000 in Macau scam

The Negeri Sembilan resident was told an arrest warrant had been issued against him for involvement in a money laundering case.

Oil advances most in a week as Middle East tensions persist

News of the oil tanker conflict leads the market to rally strongly and then pull back, says Mizuho Securities USA.

Broadcom retreats from annual forecast, citing trade concern

Broadcom expects to lose out on a billion dollars of revenue per quarter in the rest of the year.

Walmart overhauls Jet.com as online business fails to deliver results

Walmart's move reduces the scope and importance of Jet.com in its overall US e-commerce ambitions of taking on Amazon.com Inc.

Boustead Plantations swings into red with RM16.2 mil loss in Q1

It is dragged down by lower palm product prices and higher interest expenses.

Trump tax returns from 1985-94 show US$1 bln in losses

Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years.

Samsung profit drops most in 4 years as chip prices slump

It is the biggest decline since a similar drop in the third quarter of 2014.

Malaysia Airlines can be turned around — it just needs guts...

Its engineering division was once a world-renowned player in the maintain, repair and overhaul market, serving more than 100 airline customers.

Khazanah owes lawmakers, people an explanation, says Mahathir

He says the sovereign wealth fund must also have an action plan to reduce future losses.

AirAsia X posts Q4 net loss on impairment, higher fuel expense

The airline's average fuel price rose 29% from US$69 to US$89 per barrel during the period, and it also accounted for higher deferred tax.

Asia stocks mixed after Mnuchin’s weekend of triage

With Tokyo closed for a public holiday on Monday, Hong Kong and Shanghai set the tone with both exchanges seeing losses in early trading.

Crypto’s US$700 billion swoon bloodies ‘electronic cash’ dream

The funk engulfing cryptocurrencies has now sent the total value of the 100 largest tokens to around half that of Visa Inc.

Uber loss tops US$1 billion as it seeks to diversify

Uber is eyeing a valuation above US$100 billion for its share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said last month.

Vietnam’s top telecom bosses face arrest over loss-making TV deal

State-run Mobifone telecommunications has come under particular scrutiny after an attempted purchase in 2015 of loss-making private TV firm Audio Visual Global (AVG).

General Electric reports 3Q loss of US$22.8 billion

The loss compares with profits of US$1.3 billion in the year-ago period and is due to a US$22 billion write-down announced when GE tapped H. Lawrence Culp as chief executive earlier this month.

Massive Airbus delivery challenge gets tougher with Rolls delays

Rolls was aiming to provide 30 of its Trent 7000 engines to Airbus by the end of this month.

Debenhams to close 50 stores as posts biggest loss in 240-year...

The British retailer, which has issued three profit warnings this year, took exceptional charges of £512.4 million relating to leases and goodwill, leading to a statutory loss of £491.5 million, the biggest in its 240-year old history.

Face me in court, Deepak tells Najib

Businessman hopes ex-prime minister and wife will not resort to instructing their lawyers to strike out his civil suits against them.

Merkel’s Bavarian allies face threat of poll debacle

The Christian Social Union (CSU) are expected to lose their absolute majority, polls say.

Petition to save MRT2 jobs sees 16k signatures in record time

Netizens express concern and shock over talk some 20,000 jobs will be axed after a contract for the public transport extension line was terminated on Sunday.

Expert sees Penang losing RM1.2 billion if LRT project takes off

Roger Teoh says the project will ultimately require a government bail-out as its projected ridership numbers are unattainable.

Sea loss widens on investment in Shopee e-commerce platform

Sea, which counts Chinese giant Tencent Holdings Ltd. as its biggest shareholder, has struggled with losses since an initial public offering in October amid widening losses.

Cathay Pacific slumps to a surprise loss as crude oil hobbles...

Cathay Pacific and Cathay Dragon paid 32% more for fuel, the biggest expense for carriers in Asia, as a 19% surge in Brent crude during the period weighed on costs.

What a loss to the nation when scholarship holders can’t get...

It's almost scary to see graduation photos of smiling Malaysian students when those who graduated years earlier are still struggling to secure jobs despite almost reaching their thirties.