• World Biz  |  JULY 22, 2014 3:12 PM

    Dubai haven status frays as CDS follow Iraq higher

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    Dubai is losing the trust of debt investors faster than any nation in the Middle East except Iraq as regional turmoil threatens its haven status. The cost of insuring the emirate’s bonds against non- repayment using credit-default swaps climbed to …

  • Corporate & Economy  |  JULY 22, 2014 3:07 PM

    MAA revises up 2014 vehicle sales to 680,000 units

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    The Malaysian Automotive Association(MAA) has revised upwards its total industry volume (TIV) forecast to 680,000 units for 2014, on the back of improving economic conditions.

  • Property & World Biz  |  JULY 22, 2014 3:03 PM

    Blackstone to buy Max Property’s real estate

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     LP, the world’s biggest manager of alternatives to stocks and bonds, agreed to buy Max Property Group Plc’s real estate business for about 414 million pounds (RM2243 million) in cash. The acquisition by Marina Topco Ltd, controlled by Blackstone Real …

  • Corporate & Featured and Exclusive  |  JULY 22, 2014 2:49 PM

    Tony Abbots alleges evidence tampering at MH17 crash site

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    Evidence at the crash site of Malaysia Airlines MH17 has been tampered with on an industrial scale as part of an apparent cover-up attempt, Australian Prime Minister Tony Abbott said on Tuesday.

  • World Biz  |  JULY 22, 2014 2:44 PM

    Saudi Arabia to open RM1.68 tril stock market to foreigners

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    Saudi Arabia will open up its stock market to international investors, giving foreigners greater access to the Arab world’s biggest bourse as the oil-rich kingdom seeks to diversify its economy. The nation’s cabinet authorized the Capital Market Authority to allow …

  • Markets  |  JULY 22, 2014 2:37 PM

    Sensex gains for 6th day; Bharti leads Telecom stocks

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    Indian stocks climbed for a sixth day as better-than-expected corporate earnings boosted investor confidence in the nation’s equities. Idea Cellular Ltd rose to a two-month high after posting a 57% jump in group profit. Bharti Airtel Ltd rallied the most …

  • World Biz  |  JULY 22, 2014 2:24 PM

    Herbalife tumbles after Ackman vows to reveal fraud

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    Herbalife Ltd. shares fell the most in three months yesterday after billionaire Bill Ackman vowed to show Enron Corp.-like fraud at the seller of supplements and weight-loss shakes. Ackman, head of Pershing Square Capital Management LP, said on Bloomberg Television …

  • Corporate & Finance  |  JULY 22, 2014 2:06 PM

    Najib’s megabank could challenge HSBC in sukuk

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    Malaysian Prime Minister Najib Abdul Razak’s goal of creating an Islamic “megabank” is gaining momentum, posing a threat to HSBC Holdings Plc’s position as the top global sukuk arranger. CIMB Holdings Bhd, RHB Capital Bhd and the Malaysia Building Society …

  • World Biz  |  JULY 22, 2014 2:03 PM

    Swatch 1H earnings decline for first time in 5 years

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    Swatch Group AG, the biggest maker of Swiss watches, reported the first drop in first-half earnings in five years as the weakness of currencies against the Swiss franc reduced the value of sales from abroad. Operating profit fell to 830 …

  • Corporate  |  JULY 22, 2014 1:56 PM

    Public Bank’s 2Q14 earnings may disappoint

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    Public Bank’s earnings in the second quarter of the financial year 2014 (2Q14) could be hampered by slower than expected mortgage loan growth and continued weakness in new unit trust sales, according to a report by UOB Kay Hian (UOBKH). …

  • Opinion  |  JULY 22, 2014 1:39 PM

    Does the world still need the World Bank?

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    There will always be a need for a World Bank, which celebrates a birthday of sorts Tuesday. There is no need for a World Bank with more than 10,000 employees. President Jim Yong Kim is trying to reform the bank, …

  • Commodities  |  JULY 22, 2014 1:23 PM

    KLTM closes higher at US$22,200 a tonne

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    The Kuala Lumpur Tin Market (KLTM) rose US$50 a tonne to close at US$22,200 a tonne today in tandem with the rise on the London Metal Exchange, (LME), a dealer said.

  • Markets  |  JULY 22, 2014 1:09 PM

    KL shares mixed at mid-day

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    Share prices on Bursa Malaysia turned mixed mid-day, amid the positive sentiment in regional bourses as losses in selected heavyweight limited gains, dealer said.

  • World Biz  |  JULY 22, 2014 12:46 PM

    China food scandal hits Starbucks, Burger King

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    A toxic food scandal in China is spreading fast, dragging in US coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.

  • Markets  |  JULY 22, 2014 12:41 PM

    Draghi gives up Euro control to Yellen on Fed rate bets

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    Mario Draghi’s ambitions to weaken the euro are at the mercy of Federal Reserve Chair Janet Yellen. The US central bank chief sent the euro sliding below US$1.35(RM4.31) last week for the first time since February when she said US …

  • Economy & World Biz  |  JULY 22, 2014 12:41 PM

    Indonesia set to declare election winner today

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    Indonesian election officials were expected on Tuesday to officially declare Jakarta Governor Joko "Jokowi" Widodo the winner of a hotly contested presidential election in which his rival has alleged mass cheating.

  • World Biz  |  JULY 22, 2014 12:32 PM

    Yahoo buys startup Flurry for more than RM951 mil

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    Yahoo! Inc is adding to its mobile lineup with the acquisition of analytics company Flurry Inc. Yahoo is paying more than US$300 million(RM951 million) for the San Francisco-based startup, according to people with knowledge of the matter, who asked not …

  • Featured and Exclusive & Opinion  |  JULY 22, 2014 12:26 PM

    The politics and business of bank mergers

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    Malaysians were informed on July 10, 2014 that a major bank consolidation was in the pipeline, involving CIMB Group Holdings, RHB Capital and Malaysian Building Society. With this union, CIMB will emerge as Malaysia’s largest banking enterprise, in terms of …

  • World Biz  |  JULY 22, 2014 12:25 PM

    Microsoft CEO needing growth tells managers ‘step it up

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    The day Satya Nadella became Microsoft Corp’s chief executive officer, he invited several dozen vice presidents to breakfast and had a simple, calm admonition for them: “Can you step it up?” The engineer’s tone was a departure from the yelling …

  • TigerTalk  |  JULY 22, 2014 12:15 PM

    Why New York casinos come up in small places

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    Some New York rules have lobbying loopholes for casinos apparently and one of those involves homegrown Genting Bhd.