• Corporate & Featured and Exclusive  |  DECEMBER 23, 2014 12:13 PM

    1MDB: Our money’s not from taxpayers

    Story by

    Finance Ministry-owned 1Malaysia Development Bhd has come in defence of its finances by pointing out that only a paltry RM1 million of its multi-billion ringgit portfolio came from the government.

  • OTHERS  |  DECEMBER 23, 2014 12:08 PM

    KL shares extend gains at mid-morning

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    Share prices extended gains to mid-morning today, driven by bargain hunting in blue chips and selected key heavyweights, dealers said.

  • World Biz  |  DECEMBER 23, 2014 11:55 AM

    Top firms’ greenhouse gas emissions rise

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    Greenhouse gas emissions by the world's top 500 companies rose 3.1% from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday.

  • World Biz  |  DECEMBER 23, 2014 11:51 AM

    Telstra buys Pacnet to boost Asia expansion

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    Telstra Corp will acquire Pacnet Ltd, which operates undersea cables through Asia and across the Pacific Ocean, as Australia’s largest phone company seeks to expand in the region.

  • OTHERS  |  DECEMBER 23, 2014 11:27 AM

    Investment banks rack up RM3 tril business in 2014

    Story by

    Bankers responsible for floating companies and selling new shares into the market will enjoy a well-earned rest this Christmas after their busiest year since 2007, having notched up business worth almost US$865 billion (RM3 trillion) in the last 12 months.

  • Finance, Markets, Property, World Biz  |  DECEMBER 23, 2014 10:34 AM

    China’s Wanda trades flat in Hong Kong debut

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    Shares in Chinese real estate developer Dalian Wanda Commercial Properties Co Ltd traded flat in Hong Kong's biggest listing since 2010 as concerns about debt and a high valuation offset optimism over a rebound in China's property market.

  • World Biz  |  DECEMBER 23, 2014 10:24 AM

    DirecTV starts online Spanish web streaming service

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    DirecTV (DTV), the largest US satellite TV service provider, started a Spanish-language Web streaming service called Yaveo in a bid to draw viewers who spend more time viewing content online.

  • Corporate  |  DECEMBER 23, 2014 10:13 AM

    Cinema operator expects a dip in admission with GST

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    Malaysia’s largest cinema operator Golden Screen Cinemas (GSC) will not offset any rise in ticket prices due to the goods and services tax (GST) next April and is bracing for a fall in admission.

  • Markets  |  DECEMBER 23, 2014 9:59 AM

    Ringgit easier in early trade

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    The ringgit was traded easier against the US dollar this morning on subdued demand for the local unit.

  • Markets  |  DECEMBER 23, 2014 9:40 AM

    KL shares open slightly higher

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    Shares on Bursa Malaysia were slightly higher this morning with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) up 1.54 points at 1,745.59 after opening 1.37 points better at 1,745.42.

  • World Biz  |  DECEMBER 23, 2014 9:33 AM

    Comcast merger with Time Warner Cable delayed again

    Story by

    Regulators pushed back by three weeks their informal deadline to complete consideration of Comcast Corp (CMCSA)’s proposed US$45.2 billion (RM158 billion) purchase of Time Warner Cable Inc (TWC).

  • World Biz  |  DECEMBER 23, 2014 9:06 AM

    GM gets more claims for faulty ignition switch compensation

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    General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation programme.

  • World Biz  |  DECEMBER 23, 2014 8:54 AM

    BMW to replace air bags for 140,000 older 3-Series cars

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    Bayerische Motoren Werke AG (BMW) said it would replace driver-side airbags in 140,000 older 3-Series vehicles, expanding nationwide an earlier safety effort, the company said in a statement.

  • World Biz  |  DECEMBER 23, 2014 8:47 AM

    Crisis PR expert Judy Smith said to advise Sony

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    Judy Smith, the crisis PR expert who inspired the ABC show “Scandal”, has advised Sony Pictures Entertainment after a crippling cyber attack, people with knowledge of the matter said.

  • Commodities & World Biz  |  DECEMBER 23, 2014 8:37 AM

    Oil companies seen cutting spending by 25% in 2015

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    Plunging oil prices will prompt energy companies to cut investments in new projects by 25% or more in 2015, analysts said over the past week, as firms try to stay cash flow positive and keep debt in check.

  • Commodities & Featured and Exclusive  |  DECEMBER 23, 2014 7:40 AM

    Oil prices resume slide, US crude back to US$55

    Story by

    Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said Opec would not cut production at any price.

  • Commodities  |  DECEMBER 23, 2014 7:29 AM

    Gold and silver down as oil retreats

    Story by

    Gold dropped nearly 2% and silver slid 3% on Monday, triggering automatic sell orders in thin pre-holiday dealings as oil prices eased back toward US$55 per barrel.

  • Finance & Markets  |  DECEMBER 23, 2014 7:24 AM

    US dollar rises, supported by rising Treasury yields

    Story by

    The dollar recovered ground late on Monday on rising US Treasury yields that increased the greenback's advantage over the euro, pushing it back down to a 2-1/2 year low in thin pre-holiday trade.

  • Markets  |  DECEMBER 23, 2014 7:14 AM

    US stocks rise for 4th straight session

    Story by

    US stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names.

  • Issues  |  DECEMBER 23, 2014 7:00 AM

    Oil & gas stocks going for a bargain

    Story by
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    Sustained selling on the local bourse over the past three weeks have wiped off most of the gains made by the FTSE Bursa Malaysia KLCI over the last two years. As a result, blue chips are no longer quite a pricey as they were at their mid-year peak. For oil & gas counters in particular, plunging prices for the world’s most widely traded commodity have opened up bargains.