• World Biz  |  NOVEMBER 30, 2015 10:42PM

    Volkswagen closes in on fixes for diesel cars in Europe

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    Volkswagen AG (VW) is closing on regulatory approval for a series of low-cost fixes to 8.5 million rigged diesel vehicles in Europe, a step forward in its effort to overcome a scandal over cheating on emissions. The proposals for the …

  • World Biz  |  NOVEMBER 30, 2015 10:12PM

    Nikkei seeks to become digital powerhouse with FT purchase

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    Nikkei Inc will use its US$1.3 billion (RM5.54 billion) purchase of the Financial Times (FT) to build a global digital powerhouse by using data to win new clients and by harnessing the British newspaper’s skill at getting subscribers to pay …

  • Featured and Exclusive, World Biz  |  NOVEMBER 30, 2015 8:36PM

    Bugatti Chiron gets over 100 orders

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    Volkswagen AG’s Bugatti has received more than 100 orders for the new Chiron supercar, which the brand vows will be the fastest and most luxurious sports car in the world. Bugatti, which hasn’t had a car since the Veyron sold …

  • Featured and Exclusive, World Biz  |  NOVEMBER 30, 2015 4:25PM

    World’s biggest pension fund loses RM270 bil

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    The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped US$64 billion (RM272.6 billion) off the Japanese asset manager’s investments. The 135.1 trillion yen (RM4.7 trillion) …

  • World Biz  |  NOVEMBER 30, 2015 3:42PM

    Aberdeen hit by RM80 bil nett outflows in 4Q

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    Aberdeen Asset Management Plc reported GBP12.7 billion (RM81.3 billion) of nett outflows in the fourth quarter as investors continued to pull money from the firm’s emerging market funds. Europe’s third-largest publicly traded money manager by market value, which invests about …

  • World Biz  |  NOVEMBER 30, 2015 1:39PM

    China’s CGN shifts non-power assets in RM4.7 bil deal

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    China General Nuclear Power Group (CGN), China’s largest operator of atomic plants, is reorganising some its non-power assets in a deal valued at US$1.1 billion (RM4.69 billion). CGN Nuclear Technology Application Co, a wholly-owned arm of the state giant, will become …

  • Economy, World Biz  |  NOVEMBER 30, 2015 1:34PM

    Japan output & retail sales rise faster than expected

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    Japan’s industrial output rose for a second straight month in October and retail sales grew much faster than expected – a tentative sign of the economy’s recovery from a recession. The latest indicator should ease concern among policymakers after data …

  • World Biz  |  NOVEMBER 30, 2015 12:58PM

    KL shares broadly lower at mid-morning

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    The FBM KLCI was broadly lower at mid-morning today, weighed down by selling activities in selected heavyweights and in line with most regional markets.

  • World Biz  |  NOVEMBER 30, 2015 12:25PM

    India govt defends emissions targets

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    India’s government rejected criticism that its climate targets could be met without any new policy commitments, saying its goals are sufficiently ambitious considering the country’s stage of development.

  • World Biz  |  NOVEMBER 30, 2015 11:19AM

    IMF’s yuan inclusion signals less risk taking in China

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    When the International Monetary Fund (IMF) agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod. By acknowledging the yuan as a major …