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Feb 23 (Reuters) - Mega First Corporation Bhd: * QTRLY NET PROFIT 21.5 MILLION RGT VERSUS 34.6 MILLION RGT * QTRLY REVENUE 236.4 MILLION RGT VERSUS 186.3 MILLION RGT * PROPOSES A FINAL TAX-EXEMPT DIVIDEND ...
U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market. The supply squeeze and rising mortgage interest rates are stoking fears of a lackluster spring selling season. "There may be some headwinds ahead for home resales with rising mortgage costs affecting how much the buyer can afford and this could put a damper on existing home sales and take some of the wind out of the economy's sails," said Chris Rupkey, chief economist at MUFG in New York.
Russia's Sergey Galitskiy has stepped down as CEO at the Magnit supermarket chain he founded and sold most of his stake to state lender VTB for about 138 billion roubles ($2.5 billion), bringing Kremlin (IOB: 0Q8D.IL - news) influence into the retail sector for the first time. Galitskiy, 50, who founded Magnit in 1994, told a news conference with VTB chief Andrey Kostin it had not been an easy decision to sell.
British telecoms regulator Ofcom said on Tuesday it could proceed with the sale of new mobile airwaves after a London court denied operator Three permission to mount another legal challenge to the rules it had set for the auction. Three, the smallest of Britain's four networks, and the biggest operator BT's EE had challenged the level of cap set by Ofcom on the amount any one operator can own, but both cases were rejected by the High Court in December. "The Court of Appeal has very firmly rejected Three's application for permission to appeal on all grounds," an Ofcom spokesman said.
The US government shut down temporarily for the second time in less than a month after a senator mounted a protest over the budget. Just three weeks ago, a similar failure to agree on a new budget in January resulted in a US government shutdown for three days, with scores of federal agencies across America unable to continue operating. Without some type of funding bill, the failure to agree on a new budget means the US government has technically ran out of money.
Scientists have succeeded for the first time in growing human eggs in a laboratory from the earliest stages in ovarian tissue all the way to full maturity - a scientific step that had previously been taken in mice. Publishing their result in the journal Molecular Human Reproduction on Friday, scientists from Britain and the United (Shenzhen: 000925.SZ - news) States said it could one day help in developing regenerative medicine therapies and new infertility treatments. In previous studies, scientists had developed mouse eggs in a laboratory to the stage where they produced live offspring, and had also matured human eggs from a relatively late stage of development.
Authorities in the US are investigating whether Apple (NasdaqGS: AAPL - news) misled investors by failing to tell them about a software update that slowed down older iPhones. The most valuable company in the world is facing a wave of class action lawsuits alleging it deceived customers by reducing processor speeds in outdated handsets - a move Apple claims was designed to stop devices abruptly shutting down. If the investigation by the Justice Department and the Securities and Exchange Commission finds Apple acted inappropriately, the lawsuits could see the company pay out millions of dollars in compensation.
FRANKFURT/LONDON, Jan 31 (Reuters) - Buyout group Sun Capital (Other OTC: CGHC - news) is launching the sale of its European packaging group Coveris Rigid, in a potential 640 million euro ($797 million) deal, as it moves ahead with the split of the company into four units, people close to the matter said. First (Other OTC: FSTC - news) -round bids for the Rigid unit, which makes plastic packaging for the food, beverage, healthcare and agriculture sectors, are due by the end of February, one source said. Sun Capital declined to comment.
U.S. President Donald Trump said he had not intended to cause offence in Britain by sharing anti-Muslim videos originally posted by a leader of a far-right fringe group, and that he would apologise if such people were horrible racists. Trump told ITV (Frankfurt: A0BLQP - news) 's Good Morning Britain show he knew nothing about the group but that he was the "least racist person that anybody's going to meet" and that his retweet was not an endorsement.
Chinese aluminium production jumped by 15 percent in December, with full year output at a record 32.27 million tonnes. This is something of a surprise, given the closure of "illegal" capacity ...
The decline in home sales reported by the National Association of Realtors on Wednesday followed three straight months of strong increases. Inventory constraints dogged the housing market last year against the backdrop of robust demand, largely driven by a labor market that is near full employment. Economists expected supply to remain tight this year, which together with rising mortgage rates could result in modest home sales growth in 2018.
The dollar slid to three-year lows against a basket of major peers on Wednesday on worries about the protectionist agenda expected to be pursued by U.S. President Donald Trump in a speech later this week. The greenback has already come under selling pressure in recent weeks, on the view that the U.S. Federal Reserve is no longer the only game in town when it comes to tighter monetary policy, as growth in other regions - in Europe in particular - picks up speed. The latest bout of weakness emerged after White House officials said on Tuesday that Trump would use his speech to the World Economic Forum in Davos on Friday to stress his "America First (Other OTC: FSTC - news) " policies.
Britain's departure from the European Union offers an historic opportunity for Deutsche Boerse to expand its business and to secure a larger portion of the euro clearing business, the exchange's new chief executive said on Monday. Theodor Weimer assumed the helm of the German stock exchange at the start of the year aiming to open a new chapter after the Deutsche Boerse was beset by an insider trading scandal, a failed merger with its London counterpart and a profit warning.
BP's Singapore-based trading unit has signed a deal to buy 1.1 million tonnes of liquefied natural gas a year for seven years from Oman LNG, after BP helped push up Omani gas production. The signing on ...
Former Manchester United winger Ryan Giggs has vowed to win over doubting fans with success on the pitch after being appointed manager of Wales on a four-year contract on Monday. The 44-year-old takes over from Chris Coleman, who led Wales to the Euro 2016 semi-finals but quit the job in November to take charge of English Championship (second tier) side Sunderland. It will be the first major managerial role for a player who won 64 caps for Wales between 1991 and 2007 but was unpopular with some supporters for missing many internationals, especially friendlies.
Dozens of fake security apps which secretly stole data from users have been discovered on and subsequently removed from Google Play. It is not known how many people could have downloaded these apps before Trend Micro's researchers informed Google, and they were subsequently removed from Google Play. Google did not respond to enquiries from Sky News.
Germany, Austria, the Netherlands and Italy are together expected to sell almost 12 billion euros of bonds this week, while strategists say Portugal could also come to the market with a syndicated bond deal. While new bond supply tends to put upward pressure on bond yields, analysts said data showing further signs of strength in the euro zone economy had probably helped sentiment, especially towards peripheral bond markets. European Commission data on Monday showed the euro zone business climate index hit its highest since 1985.
EasyJet aims to more than double passenger numbers in Germany to 18 million this year after taking over some of failed airline Air Berlin's operations at Berlin's Tegel airport, it said on Friday. Domestic routes from inner-city Tegel, which launched with a flight to Munich on Friday, are bulking up the British budget carrier's business and putting it in direct competition for business customers with Lufthansa (Xetra: LHAB.DE - news) 's airlines.
DUBLIN, Jan 3 (Reuters/IFR) - Ireland kicked off its annual funding drive by raising 4 billion euros with a syndicated 10-year bond on Wednesday, covering around a quarter of its issuance target just three days into the year. The first euro zone sovereign issuer out of the traps this year, Ireland has followed a template of coming to market with a major syndicated sale at the start of each of the last five years. When Ireland last issued a new 10-year bond via syndication in January 2016 it raised funds at 1.156 percent.
It accepts all kinds of produce, ranging from food, clothes, toys, cosmetics, sanitary products, sports equipment and other household goods and then distributes them to more than 8,000 charities both at home and abroad. The list includes L'Oreal, Johnson and Johnson, Procter and Gamble and Colgate Palmolive. The companies benefit from demonstrating that they are doing good work for the communities in which they operate.
The reason is simply that they would not have time to prepare next week's EU summit and make sure all national capitals are behind the so-called draft guidelines for what would be the trade negotiations. Andrej Babis, the anti-establishment tycoon whose business connections have led to comparisons with Silvio Berlusconi and even Donald Trump, is due to be appointed Czech prime minister today.
WASHINGTON/LONDON, Nov 29 (Reuters) - Britain criticised U.S. President Donald Trump on Wednesday after he retweeted anti-Islam videos originally posted by a leader of a far-right British fringe party who was convicted earlier this month of abusing a Muslim woman. Jayda Fransen, deputy leader of the anti-immigration Britain First (Other OTC: FSTC - news) group, posted the videos which she said showed a group of people who were Muslims beating a teenage boy to death, battering a boy on crutches and destroying a Christian statue.
KHOBAR, Saudi Arabia/PARIS, Nov 29 (Reuters) - French state-controlled utility EDF intends to take part in a tender to build two nuclear reactors in Saudi Arabia, two sources familiar with the situation told Reuters. Saudi Arabia, which wants to reduce domestic oil consumption, is considering building 17.6 gigawatts of nuclear-fuelled power generation capacity by 2032 and has sent a request for information to international suppliers to build two reactors. With (Other OTC: WWTH - news) answers to the request due by the end 2017 or early 2018, a formal tender could be launched by mid-2018, but more likely toward the end of 2018 or early 2019, industry specialists say.
First (Other OTC: FSTC - news) oil has flowed from Brazil's giant Libra field operated by Petrobras and a consortium that includes Total (LSE: 524773.L - news) , Shell (LSE: RDSB.L - news) and China's CNPC and CNOOC (HKSE: 0883-OL.HK - news) , the companies said on Monday. Libra, which has recoverable volumes estimated by oil regulator ANP at between 8 billion and 12 billion barrels, is located in the high-yield region off the coast of Rio de Janeiro. Production began on Sunday and the floating production, storage and offloading (FPSO) vessel Pioneer of Libra has daily capacity to process up to 50,000 barrels of oil and 4 million cubic metres of gas, Petrobras said in a securities exchange filing.
Nov 27 (Reuters) - Mega First Corporation Bhd: * QTRLY PROFIT ATTRIBUTABLE 40.1 MILLION RGT * QTRLY REVENUE 298.2 MILLION RGT * YEAR AGO QTRLY REVENUE 215.0 MILLION RGT, YEAR AGO QTRLY PROFIT ATTRIBUTABLE ...