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Despite its highest offer to buy RHB (Rashid Hussain Bhd) at an offer price of RM1.97 a share and RM5.00 a share for RHB Capital Berhad (KLSE: RHBCAP, stock-code 1066), EON Capital Berhad lost the bid to a lower but government-linked entity EPF (Employess Provident Fund) which only offered RM1.80 and RM4.80 a share respectively […]
... written on Feb 04 2008Almost every blog that I visited has the story about the Microsoft and Yahoo in the making – probably the deal of the year 2008. A mind-boggling $44.6 billion offer with half of it in cash that will indeed drains Microsoft’s cash reserve, some reports said this is perhaps the last thing Bill Gates’ empire […]
... written on Feb 03 2008Let’s continue with internet search engine story and the consequences from their own screwed-up. One day after Yahoo screwed, Microsoft Corp. (Nasdaq: MSFT, stock) leaped in joy and pounced on the little pig which lost its way when the latter announced today an offer Yahoo shareholders may find hard to refuse. Microsoft Corp offered to […]
... written on Feb 01 2008It appears after Yahoo Inc. (Nasdaq: YHOO, stock) screwed with its earning announcement, Google followed although with a smaller magnitude. While Yahoo reported a 23 percent drop in its fourth-quarter profit, Google Inc. (Nasdaq: GOOG, stock) registered a higher profit of $1.41 billion – 14% jump compared to last year. Google also announced earnings for […]
... written on Feb 01 2008United Arab Emirates is probably one of the most successful Arab countries in the Middle East in attracting tourism and foreign investment in property markets. With population of only 4.5 million (2006) but GDP of well over US$160 billion mainly due to oil and natural gas, you might think the government was complacent with its […]
... written on Jan 31 2008Google’s main revenue was and will remains in the hand of online advertising. Its’ flagship is the infamous Adsense of which anyone could apply and upon approval he / she needs to apply some codes into his / her website(s) or blog(s) – thereafter earns money from visitors who click on the advertisement. Simple yet […]
... written on Jan 31 2008As expected the Federal Reserve dropped its key rate by another 50 basis point to 3 percent in a 9-1 decision. It was the second Fed rate cut in just over a week, and the policymakers signaled they were prepared to keep going lower if needed. Last Tuesday Bernanke cut the rate by a rare […]
... written on Jan 31 2008Yahoo did it again. Not only did the pathetic Yahoo Inc. (Nasdaq: YHOO, stock) screwed up with its latest earning announcement but it somehow re-use the old, basic and dirty way hoping to soothe the investors when announced as many as 1,000 employees would be sent to the chopping board. Regular readers of FinanceTwitter know […]
... written on Jan 30 2008Politics are dirty so they said, but to become the ultimate survivor it’s all about how excellent you are in lying. Hey! What happens to the Mongolian model case, Altantuya Shaaribuu, whose remains were destroyed with C4 explosives? Sorry mighty Genghis Khan, your people’s case is as good as forgotten. The good news for local […]
... written on Jan 30 2008According to Malaysian government, the world’s biggest stem cell facility to be built in Pahang state could potentially generate RM1 billion in turnover by end of 2011. The 200 acres land in Janda Baik has been identified as the location for the facility to produce stem cells from rabbit to treat various diseases. Pahang chief […]
... written on Jan 29 2008
