• World Biz  |  APRIL 16, 2014 10:57 PM

    Danone shares drop in Paris on falling fresh dairy shipments

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    Danone fell the most in six weeks in Paris after the yogurt maker’s price increases weighed on the amount of dairy products it sold in the first quarter. The shares fell as much as 2.4%, the biggest intraday drop since …

  • World Biz  |  APRIL 16, 2014 10:43 PM

    HSBC Bank Oman to sell Indian business to Doha Bank

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    HSBC Bank Oman said on Wednesday it had agreed on the sale of its Indian business to Qatar’s Doha Bank. No value for the transaction was given in the statement to the Muscat Securities Market, but the Omani lender said …

  • World Biz  |  APRIL 16, 2014 10:21 PM

    Starbucks to move Europe base to London

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    Starbucks Corp said on Wednesday it would move its European headquarters to London from the Netherlands and pay more tax in the UK as a result. The world’s largest coffee chain has endured widespread criticism over low tax contributions in …

  • Economy  |  APRIL 16, 2014 10:16 PM

    French PM details RM224 bil budget savings plan

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    French Prime Minister Manuel Valls on Wednesday provided a breakdown of the government’s plan to reduce public spending by 50 billion euros (RM224 billion) and reiterated that France would honour its European commitments on deficit reduction. Valls, named prime minister …

  • Economy  |  APRIL 16, 2014 10:06 PM

    Eurozone inflation confirmed at 0.5% amid deflation fears

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    Annualized eurozone inflation fell to 0.5% in March, the European Union’s statistics office Eurostat confirmed Wednesday, amid fears that the currency bloc could slip into deflation. The figure, backing up an earlier estimate, keeps consumer prices in what European Central …

  • Opinion  |  APRIL 16, 2014 9:47 PM

    The growing divide within developing economies

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    When researchers at the McKinsey Global Institute (MGI) recently dug into the details of Mexico’s lagging economic performance, they made a remarkable discovery: an unexpectedly large gap in productivity growth between large and small firms. From 1999 to 2009, labor …

  • Economy  |  APRIL 16, 2014 9:26 PM

    Small shareholder group accepts VW bid for Scania

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    Small shareholders in Swedish truckmaker Scania were Wednesday advised to accept a 6.7-billion-euro (US$9.2 billion) buyout offer from German automotive giant Volkswagen, the Swedish Shareholders’ Association said. The association, which groups small private shareholders, said Scania’s current ownership structure was …

  • Issues  |  APRIL 16, 2014 9:00 PM

    Powering Energy & Utilities forward?

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    Sime Darby Energy & Utilities is much smaller from other, bigger divisions in terms of contributions. But its RM2 billion loss in FY10 is a lesson in how big an effect one division’s performance can have on how the collective group is doing. That episode could have been prevented by independent listing.

  • Corporate, Economy, World Biz  |  APRIL 16, 2014 8:59 PM

    Sales of M’sian products normal in China

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    The sales of Malaysian products in China, particularly food and beverage (F&B) products, remain normal despite calls by Chinese netizens to boycott them following the disappearance of Malaysia Airlines’ (MAS) MH370. A Malaysian importer of various products here, Loh Wee …

  • Economy  |  APRIL 16, 2014 8:39 PM

    Thailand’s economy nears recession in 1H

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    Thailand’s economy in the first half of the year is nearing recession, with growth less than one per cent, pressured by ongoing political unrests in the country. According to Kasikorn Research Centre (K-Research), Thailand was on the verge of recession, …

  • Corporate  |  APRIL 16, 2014 8:17 PM

    Capitamall 1Q pre-tax profit rises to RM38.2 mil

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    Capitamalls Malaysia Trust’s (CMMT) pre-tax profit rose to RM38.193 million in the first quarter ended March 31, 2014 from RM35.848 million in the same period last year. Revenue went up to RM78.972 million in the quarter from RM74.384 million in the …

  • Corporate & Featured and Exclusive  |  APRIL 16, 2014 7:58 PM

    Special audit on alleged RM8.7 mil Kamdar withdrawal

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    Kamdar Group has appointed a special auditor to assist its own audit committee in a special audit investigation on an alleged withdrawal of RM8.7 million from Kamdar Sdn Bhd.

  • Corporate  |  APRIL 16, 2014 7:45 PM

    BMW eyes sales growth with new model launches

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    German automaker BMW Group Malaysia Sdn Bhd is banking on the launch of two new vehicles to help fuel its overall sales in Malaysia. “We expect a double-digit growth in sales this year”, said Chief Executive Officer Dr Gerhard Pils. …

  • Commodities  |  APRIL 16, 2014 7:35 PM

    CPO futures extend rally on better export demand

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    Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended their rally for the third consecutive day today on the back of improved export demand. A trader at Phillip Futures said the market anticipated demand to increase further in …

  • Corporate & Property  |  APRIL 16, 2014 6:58 PM

    Sunway Bhd named Malaysia’s Builder of the Year

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    Sunway Bhd has been acknowledged Malaysia’s Builder of the Year by global consulting firm, Frost & Sullivan, under the ‘Best of the Best’ category. The award recognised companies in a variety of regional and global markets for demonstrating outstanding achievement and superior …

  • World Biz  |  APRIL 16, 2014 6:45 PM

    China gets first bitcoin ATM, skirting bank crackdown

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    BTC China, one of the country’s leading digital currency exchanges, has installed China’s first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies. Rising interest …

  • Corporate & Featured and Exclusive  |  APRIL 16, 2014 6:32 PM

    Costly Kidex highway may cost Khalid’s popularity

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    At RM148 mil per km, Kidex tops the list of extravagant highway projects in Malaysia

  • Markets  |  APRIL 16, 2014 6:25 PM

    Ringgit closes higher against US dollar

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    The ringgit closed higher against the US dollar today on positive external sentiments, said a dealer. At 5pm, the local unit was quoted at 3.2410/2430 against the greenback compared with Tuesday’s 3.2425/2455. The dealer said the release of China’s first-quarter economic growth …

  • World Biz  |  APRIL 16, 2014 6:13 PM

    Samsung sticks it to Apple with Swiss Railways deal

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    Samsung Electronics sent out a press release last week saying its gadgets had been chosen for a technology buildout at Swiss Federal Railways. Starting this month, the South Korean giant will begin to supply 30,000 mobile devices to Switzerland’s state-owned …

  • Corporate  |  APRIL 16, 2014 6:08 PM

    Companies generate RM94.3 mil sales at HK light show

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    Malaysian lighting companies generated RM94.3 million in sales at the Hong Kong International Lighting Fair 2014, Spring Edition (HKILF) from April 6-9, 2014. The companies, which participated in the exhibition under the Malaysia External Trade Development Corp (Matrade) umbrella, received strong interest from buyers …