• Corporate, Featured and Exclusive, World Biz  |  MARCH 2, 2015 11:07 AM

    StanChart braces for change as Winters is coming

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    Incoming Standard Chartered chief executive Bill Winters will need to take tough decisions that predecessor Peter Sands deemed unnecessary, in order to reverse a two-year slump in the bank's fortunes, according to some insiders and bankers.

  • World Biz  |  MARCH 2, 2015 10:38 AM

    BlackBerry to expand software for other phone users

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    BlackBerry Ltd is planning to expand its software offerings and make more applications for business customers regardless of what kind of smartphone they’re using.

  • Featured and Exclusive & Markets  |  MARCH 2, 2015 10:30 AM

    Ringgit falls as China lower bank rates

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    The ringgit fell, leading Asian losses, on concern China’s latest interest-rate cut will spur weakness in the yuan and hurt Malaysia’s exports.

  • Economy & Finance  |  MARCH 2, 2015 10:20 AM

    ECB braces for QE as others shift rates

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    Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant US labour market are set to be the focus of an economic week dominated by a host of central bank meetings.

  • Featured and Exclusive, Finance, Markets, World Biz  |  MARCH 2, 2015 10:15 AM

    China cuts benchmark interest rates by 25 basis points

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    China's central bank said on Saturday it would cut benchmark interest rates by 25 basis points to 5.35%, a widely expected move as the world's second largest economy continues to show signs of weakness despite previous easing measures.

  • Corporate & Featured and Exclusive  |  MARCH 2, 2015 10:04 AM

    Pua: Najib must explain emails on 1MDB

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    Regardless of the motives behind the latest expose on 1Malaysia Development Bhd (1MDB), Prime Minister Najib Abdul Razak has been urged to answer to whether the materials produced are true.

  • Markets  |  MARCH 2, 2015 9:47 AM

    KL shares open lower on profit taking

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) started the week easier on profit taking after it ended higher on Friday, a dealer said.

  • Featured and Exclusive & World Biz  |  MARCH 2, 2015 9:40 AM

    Samsung unveils sleek new Galaxy S6

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    Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple Inc.

  • Markets  |  MARCH 2, 2015 9:37 AM

    Ringgit opens easier against US$

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    The ringgit opened easier against the US dollar today on lack of buying support at 3.6315/6345 compared with 3.6030/5050 on Friday, a currency trader said.

  • World Biz  |  MARCH 2, 2015 9:20 AM

    LG Display, Samsung unit to supply Apple Watch screens

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    South Korea's LG Display Co Ltd and the display-making subsidiary of Samsung Electronics Co Ltd will supply screens for Apple Inc's smartwatches, The Electronic Times reported on Monday.

  • World Biz  |  MARCH 2, 2015 8:45 AM

    Berkshire exec Ajit Jain could fill Buffett’s shoes

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    Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses.

  • Featured and Exclusive & World Biz  |  MARCH 2, 2015 8:37 AM

    Mobile industry considers 5G

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    Running short of dramatically new phone designs, leaders of the world's wireless industry agree their next big idea is 5G, shorthand for the fifth generation of networks they expect to have up and running by 2020.

  • Corporate & Featured and Exclusive  |  MARCH 2, 2015 8:00 AM

    Australia says hunt for MH370 may be called off soon

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    The search for missing Malaysia Airlines Flight MH370 cannot go on forever, Australia's deputy prime minister said, and discussions are already under way between Australia, China and Malaysia as to whether to call off the hunt within weeks.

  • Corporate & Featured and Exclusive  |  MARCH 2, 2015 7:35 AM

    ’1MDB funds went to PetroSaudi, no one else’

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    All funds by fully government-owned firm 1Malaysia Development Bhd (1MDB) invested into a joint venture with PetroSaudi International in 2009 were channelled into PetroSaudi entities, the Saudi Arabian oil company said.

  • StockStalk  |  MARCH 2, 2015 7:30 AM

    MISC: Boosted by Petronas’ RM4 bil U-turn

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    Petronas’ U-turn in awarding MISC ownership of five new LNG tankers in a RM4 billion deal is well received by most analysts and continues the shipping company’s remarkable turnaround.

  • Corporate  |  MARCH 1, 2015 11:35 PM

    1MDB gets US$488mil profit from PetroSaudi partnership

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    1Malaysia Development Bhd (1MDB) received back its investment, in full, with a profit of US$488 million (US$1=RM3.603) when its exited from its business arrangement with PetroSaudi International in 2012. “These facts and all details related to this transaction, may be verified by reference to …

  • OTHERS  |  MARCH 1, 2015 7:08 PM

    Modi’s pro-growth budget keeps subsidies untouched

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    Prime Minister Narendra Modi delivered a pro-growth budget for the coming year, with a wider deficit projection, in an effort to boost Asia’s third-biggest economy while retaining subsidy payments for the nation’s poor. The shortfall will narrow to 3.9% of …

  • World Biz  |  MARCH 1, 2015 6:47 PM

    Senaat hires HSBC, JPMorgan to sell shares

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    Senaat, which owns Abu Dhabi companies including National Petroleum Construction Co and Emirates Steel, will sell shares in one of its units this year after postponing its own initial public offering, its chair said. The state-owned holding company is working …

  • Corporate & Featured and Exclusive  |  MARCH 1, 2015 3:27 PM

    RM2.5 bil 1MDB funds channelled to Jho Low’s firm

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    The RM2.5 billion (US$700 million) which was listed as a loan repayment from 1Malaysia Development Berhad (1MDB) to Petrosaudi International (PSI) during 1MDB’s joint venture with Petrosaudi in 2009, was actually a “front” to channel the money to a company …

  • World Biz  |  MARCH 1, 2015 1:15 PM

    Airbnb to raise funding at US$20 bil valuation

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    Airbnb Inc. is raising money from investors in a financing round that would value the room-sharing service at US$20 billion or more, people with knowledge of the deal said. Airbnb may bring in about US$1 billion in the funding, said the people, …