He says Loke Siew Fook's comments on opening up the airports market had caused the market to dump shares.
Results also boosted by increased sales of smaller 7.5 ounce mini-cans.
The company is planning to raise as much as US$257 mil.
H&M shares dropped as much as 3.2%, while sales growth probably slowed down to 6% from 12% in June.
Former minister Jamaludin Jarjis' stepsister also says she asked her nephew Ikwan Hafiz Jamaludin for RM100,000 recently to help settle her debts.
Online retailers like Boohoo are growing fast, often at the expense of traditional shopping outlets such as Marks and Spencer.
Public Investment Bank says AirAsia’s earnings before interest, taxes, depreciation, and amortisation is within the full year estimates at 48% of its forecast.
This comes a day after 100 current and former staff staged a protest claiming they have not been paid for one-and-a-half months.
Utusan shares dropped to 8 sen at 9.15am today.
Two sources involved in the deal say Alibaba's thinking on the deal is ‘fluid’ and the company is considering several timetables.
The FTSE Bursa Malaysia KLCI drops below the psychological support level of 1,590 as major economies continue to experience a slowdown.
Viacom shareholders will receive just above 0.595 CBS shares for each share they own.
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Microsoft has gained ground in the past year by bundling its Azure computing service for developers along with Office and other products for end-users.
Netflix says it added 2.7 million new subscribers worldwide in the April-June period, which is well below expectations.
Hong Kong, Shanghai and Tokyo are down, while Singapore, Taipei, Manila and Jakarta face losses with Seoul off 0.9% as South Korea's trade stand-off with Japan drags on.
Bursa Malaysia shares opens low today with a cautious market undertone.
Slack’s revenue for the quarter grew by 67% to US$134.8 million.
Volkswagen and Fiat Chrysler is also affected by global trade tensions as President Donald Trump promises tariffs on Mexican imports.
The first-quarter net loss is expected to be US$1 billion to US$1.11 billion on revenue of US$3.04 billion to US$3.10 billion.
London's listed mining companies fell from one-month highs amid worries about the trade war's effect on global demand.
Facebook Inc.’s board of directors proposes to change the company’s dual-class voting structure benefiting CEO Mark Zuckerberg despite him owning only a minority of the company’s shares.
You can get into real financial trouble if your investments tank.
The Nigerian unit of MTN Group Ltd says it is not accused of any wrongdoing and is cooperating with the investigation.