• World Biz  |  SEPTEMBER 22, 2014 11:57 AM

    EMC holds merger talks with Dell and HP

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    Data storage products maker EMC Corp held merger talks with rivals Dell Inc and Hewlett-Packard Co (HP), the Wall Street Journal reported citing people familiar with the matter. Under pressure from an activist shareholder and the expected retirement of its long-time CEO, the …

  • Finance  |  SEPTEMBER 22, 2014 11:55 AM

    Foreign investors sell RM635 mil, highest since March

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    Foreign investors sold Malaysian equity in the open market totalling RM635.8 million last week, the highest outflow since March, MIDF Research said in a fund flow report today. These investors sold every single day last week, the research house said, …

  • Markets  |  SEPTEMBER 22, 2014 11:44 AM

    KL shares lower at mid-morning, erases early gains

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    Shares on Bursa Malaysia erased earlier gains and edged lower at mid-morning today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) 2.61 points easier.

  • Corporate  |  SEPTEMBER 22, 2014 11:38 AM

    M’sian firms rack up RM56 mil sales at Fine Food Australia

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    The 20 Malaysian companies that took part in the recently concluded Fine Food Australia here have chalked up sales totalling RM56.8 million.

  • World Biz  |  SEPTEMBER 22, 2014 11:27 AM

    ‘SoftBank will lose its proxy appeal after Alibaba’s listing’

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    SoftBank Corp fell after Alibaba Group Holding Ltd went public as investors who had been buying the Japanese carrier as a proxy for the Chinese e-commerce company were able to buy Alibaba shares directly.

  • Property  |  SEPTEMBER 22, 2014 11:11 AM

    Johor sets new guidelines on affordable homes resale

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    The Johor government will set new guidelines for buyers of affordable homes in the state to prevent them from selling their property within a five-year period.

  • Economy & World Biz  |  SEPTEMBER 22, 2014 11:06 AM

    ‘Markets may have to choose stabilisation over growth’

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    Asia’s developing nations may have to sacrifice some growth next year and focus on keeping their economies stable amid potential fallout from higher US interest rates.

  • Corporate & Markets  |  SEPTEMBER 22, 2014 10:51 AM

    Alliance DBS maintains “buy” on Sunway, shares up 2.67%

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    Sunway Bhd shares appreciated 2.67% or 9.0 sen, in early trading session, as the market responded positively to the announcement that the company's construction arm, Sunway Construction Group Bhd, will be listed soon.

  • Markets  |  SEPTEMBER 22, 2014 10:46 AM

    KL shares open higher in early trade

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    Share prices on Bursa Malaysia were higher in the early session today on fresh buying support despite Wall Street's flat performance at the end of last week.

  • Markets  |  SEPTEMBER 22, 2014 10:38 AM

    Ringgit opens higher against US dollar

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    The ringgit opened higher today on buying demand for the local unit.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 22, 2014 10:29 AM

    Alibaba’s IPO now the biggest ever

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    Alibaba's bankers exercised greenshoe option to increase the size of its IPO by 15%, according to a person familiar with the matter.

  • World Biz  |  SEPTEMBER 22, 2014 9:13 AM

    Emirates Airline plans US expansion

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    Emirates Airline, the largest international carrier, is planning an expansion that would make the US market one of its three largest sources of revenue, said Tim Clark, president of the Dubai-based carrier.

  • World Biz  |  SEPTEMBER 22, 2014 8:37 AM

    Siemens to acquire Dresser-Rand for RM24.6 billion

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    Siemens AG agreed to buy Dresser-Rand Group Inc for US$7.6 billion (RM24.6 billion) including debt as Europe’s largest engineering company is expanding its business with oil-and-gas equipment in the US. Siemens will pay US$83 a share in cash, the Munich-based …

  • Featured and Exclusive, Markets, World Biz  |  SEPTEMBER 22, 2014 8:37 AM

    Asian stocks rise, led by gains in New Zealand

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    Asian stocks rose for a second day, led by gains in New Zealand after its government was returned to power in an election.

  • Economy & World Biz  |  SEPTEMBER 22, 2014 8:27 AM

    Possible financial market risk due to low interest rates

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    Group of 20 finance chiefs and central bankers said low interest rates could lead to a potential increase in financial-market risk, as major economies rely on monetary stimulus to bolster uneven growth. “We are mindful of the potential for a …

  • Property  |  SEPTEMBER 22, 2014 8:16 AM

    Terengganu to build 170 units of PPRT terrace houses

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    The Terengganu State Government will start a Poor People's Housing Project (PPRT) with the construction of 170 units of PPRT homes would be built in 17 sate constituencies in Terengganu.

  • StockStalk  |  SEPTEMBER 22, 2014 8:00 AM

    SP Setia: Great car, no driver

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    Property developer SP Setia, arguably Malaysia's biggest property development name, needs no introduction. But can its strong brand, established through nearly two decades of stable, visionary leadership, survive the lack of a permanent CEO?

  • World Biz  |  SEPTEMBER 22, 2014 8:00 AM

    Multinationals have no immunity in China

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    China’s decision to impose a record fine on GlaxoSmithKline Plc signals that even the largest multinationals may not get off lightly in government investigations in Asia’s largest economy.

  • World Biz  |  SEPTEMBER 22, 2014 7:49 AM

    Long-term wariness over bonds due to Scots’ ‘no’ vote

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    The battle over the future of Scotland risks tainting UK government bonds for years to come. Scots’ rejection of independence last week failed to dispel concern that political turmoil is set to continue as Prime Minister David Cameron promised to …

  • Corporate & Property  |  SEPTEMBER 22, 2014 7:36 AM

    Kampung Pok residents vent anger at Forest City project

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    A public dialogue here today on theenviromental impact assessment (EIA) on the Forest City project in Johor turned out to be a very heated affair with Country Garden Pacific View (CGPV) Sdn Bhd,the main developer, having to face the ire of residents of Kampong Pok, who will be affected by it.