NEW YORK: US corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates come down, analysts predict, but worries about slowing economic growth hang over the outlook. S&P 500 earnings are expected to increase 11.1% overall in 2024 after rising a modest 3.1% last year, …

KUALA LUMPUR: Submitting multiple tender bids through “different” companies and sudden bid withdrawals are among the tactics used by enterprises engaging in cartels to rig the bidding process for government tenders, says the Malaysia Competition Commission (MyCC). MyCC chief executive officer Iskandar Ismail also pointed out how more than 500 …

BUENOS AIRES (Reuters) – A top Argentine court on Wednesday suspended a package of labor reforms decreed by new President Javier Milei last month, after the nation’s largest union filed an injunction. The ruling by the National Chamber of Labor Appeals temporarily blocks enforcement of the labor regulations in Milei’s …

(Reuters) – U.S. chip stocks added to a string of losses on Wednesday, with Wall Street’s main semiconductor benchmark tumbling from record highs following its strongest year since 2009, when the sector bounced back after the financial crisis. Drops of over 2% in Advanced Micro Devices, Qualcomm and Broadcom weighed …

(Reuters) -Scottie Scheffler has been voted the PGA Tour Player of the Year for a second consecutive season, making him the first back-to-back winner since Tiger Woods won three straight from 2005-07, the U.S.-based circuit said on Wednesday. World number one Scheffler, who successfully defended his Phoenix Open title and …

THE Penang Chingay Festival 2023 parade ended with a spectacular fireworks display illuminating the night sky, symbolising a brighter year ahead. Kicking off from Jalan Johor next to Padang Brown during a drizzle, the parade featured 42 teams from different organisations. The procession traversed Jalan Penang, Jalan Burma, Jalan Transfer, …

PETALING JAYA: UOB Kay Hian (UOBKH) Research is maintaining a “buy” call on Malaysia Airports Holdings Bhd (MAHB) with a higher target price of RM8.32 from RM8.16 on the back of an anticipated recovery in travel this year. In a note, the research house said MAHB will be the prime …

THE long-delayed Politeknik Bagan Datuk, which cost RM175mil to build, opens this month. Public Works Department (JKR) deputy director-general (building sector) Badioezaman Ab Khalik said construction of the polytechnic on a 12.14ha site began on Nov 3, 2017, and was completed in early October last year. “Since the project began, …

New York: BrightSpring Health Services Inc filed for a US initial public offering (IPO) on the first business day of the New Year, listing a phalanx of Wall Street’s biggest banks in its plans. The home and community-based healthcare services provider backed by KKR & Co was planning to seek …

PETALING JAYA: Plantation companies are anticipated to benefit from lower production cost due to weaker fertiliser expenses and higher productivity in 2024 while crude palm oil (CPO) price remains high at about RM3,700 per tonnes for the year. Maybank Investment Bank (MaybankIB) Research forecast the new year will likely be …