The Week in News

Monday
Citibank accelerates hiring as economy surges
Tuesday
Court rules in favour of UEM in case against Genisys
Wednesday
IOI net profit doubles to RM2b in fiscal 2010
Thursday
Axiata to pay maiden dividend in fiscal 2011
Friday
MAHB plans RM3.1b sukuk to fund KLIA 2
  • Citibank accelerates hiring as economy surges
  • MAHB plans RM3.1b sukuk to fund KLIA 2
  • Court rules in favour of UEM in case against Genisys
  • Axiata to pay maiden dividend in fiscal 2011

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Corporate Malaysia

Transocean shares fall 22% to 70 sen

30.07.2010, Friday

Transocean Holdings Bhd's shares fell 22%, or 20 sen, to 70 sen yesterday on selling pressure following poorer fourth quarter (4Q) results, said analysts. Its shares hit an intra day low of 60.5 sen and was the third top loser yesterday. On Tuesday, Transocean announced that it was plunging deeper into the red, turning in a net loss of RM2.03 million in the 4Q ended May 31, 2010, compared to a RM1.19 million loss in the previous corresponding quarter

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