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Sharp forecasts first profit in four years, confirms Toshiba chip bid

Sharp forecasts first profit in four years, confirms Toshiba chip bid

May 26, 2017

CHIBA, May 26 ― Japan’s Sharp Corp today forecast its first net profit in four years following cost-cutting under new Taiwanese owner Hon Hai Precision Industry Co Ltd (Foxconn), and said it would resume making active investments. With Foxconn turning around the struggling liquid crystal display (LCD) maker since last year’s US$3.8 billion (RM16.2 billion) acquisition, Sharp is now looking to invest in future growth drivers. It has teamed up with Foxconn to bid for the chip... Read more

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Ringgit jumps on Opec, yuan at three-month high, other Asian currencies drift

Ringgit jumps on Opec, yuan at three-month high, other Asian currencies drift SINGAPORE, May 26 — China's yuan rose to a three-month high today, and the Malaysian ringgit firmed to its strongest in nearly two years after Opec and other oil producers agreed to keep... Read more

China’s reforms not enough to arrest mounting debt, says Moody’s

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KL shares remain easier at mid-afternoon

KL shares remain easier at mid-afternoon KUALA LUMPUR, May 26 — Share prices on Bursa Malaysia remained easier, in range bound trading, at mid-afternoon with selling seen across the board. At 3.03pm, the benchmark FTSE Bursa... Read more



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Bursa ends morning session marginally lower

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Noble Group dealt fresh blow as Fitch cuts ratings yet again

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Singapore-based BOC Aviation orders six Airbus jets for US$1.05b

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Oil slump hits Asian energy stocks, sterling slides

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Bursa lower at mid-morning

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US jobless claims edge up, trade deficit widens

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A TV camera is seen outside the headquarters of the Organisation of the Petroleum Exporting Countries (Opec) in Vienna May 26, 2017. ― Reuters pic

A TV camera is seen outside the headquarters of the Organisation of the Petroleum Exporting Countries (Opec) in Vienna May 26, 2017. ― Reuters pic Read More