• OTHERS  |  NOVEMBER 1, 2014 8:45 PM

    Bursa to trend higher by a wave of bullishness

    Story by

    Bursa Malaysia will likely trend higher next week fuelled by a fresh wave of bullishness in global equity markets coupled with window dressing activities. “Investors are expected to put aside recent uncertainties over the pace of global growth and the Federal Reserve’s intentions …

  • Commodities  |  NOVEMBER 1, 2014 8:33 PM

    Tin market to be firmer to provide strong support

    Story by

    The Kuala Lumpur Tin Market (KLTM) is expected to be firmer next week on improved follow-through demand, particularly from foreign traders, said a dealer. The dealer said the Japanese, who are traditionally big users of tin, will continue to provide strong support to …

  • Commodities  |  NOVEMBER 1, 2014 8:28 PM

    Rubber market to trend higher on improved demand

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    The Malaysian rubber market is likely to trend higher next week on improved demand for the commodity, said a dealer. He said the improvement in regional futures markets has helped boost the local market. “The US Federal Reserve’s announcement to end its …

  • Commodities  |  NOVEMBER 1, 2014 8:25 PM

    Gold futures to remain bearish on lower demand

    Story by

    Gold futures contracts on Bursa Malaysia Derivatives are likely to remain bearish next week on lower demand.  Phillip Futures Sdn Bhd dealer Lim Eng Wee said demand has shifted to riskier assets following strong third quarter US economic data and the move by …

  • World Biz  |  NOVEMBER 1, 2014 4:36 PM

    Herbalife to pay US$15mil to end ‘pyramid scheme’ lawsuit

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    Herbalife Ltd. agreed to pay US$15 million to settle a lawsuit by a former California distributor of its nutrition products who alleged the company’s business model is a ‘pyramid scheme’ that didn’t allow him to make a profit. The US …

  • World Biz  |  NOVEMBER 1, 2014 4:28 PM

    S. Korea trade surplus hits unexpected record

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    South Korea posted a record trade surplus in October as demand from the US boosted exports of products such as steel pipes and computers. The US$7.5 billion surplus was the highest for any month, the trade ministry said in an …

  • World Biz  |  NOVEMBER 1, 2014 4:22 PM

    Pound declines amid slowing economic momentum

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    The pound fell for a second week versus the dollar, dropping for a fourth month, as traders pushed back expectations for when the Bank of England will raise interest rates amid signs of a slowing economic recovery. The four-month decline …

  • World Biz  |  NOVEMBER 1, 2014 4:15 PM

    Asia currencies stabilise following biggest slide

    Story by

    An index tracking Asian currencies stabilized in October, following September’s biggest drop since 2012, as the rupiah rose on optimism Indonesia’s new government will spur the economy. The Bloomberg-JPMorgan Asia Dollar Index was little changed in October, after falling 1.4%t …

  • Editor's Picks & Featured and Exclusive  |  NOVEMBER 1, 2014 10:30 AM

    Will iPhones make us godless, too?

    by KINIBIZ

    So the open secret is finally out — Apple Inc chief executive officer Tim Cook had openly admitted to being gay this week, adding that it is something he is proud of. In an article he wrote for Bloomberg Businessweek, …

  • World Biz  |  OCTOBER 31, 2014 10:00 PM

    American Realty ex-CFO forfeits RM115.1mil after error

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    Brian Block, the former chief financial officer (CFO) of American Realty Capital Properties Inc who resigned after the company found errors in its financial statements, is leaving behind a pay package worth US$35 million (RM115.1 million).

  • World Biz  |  OCTOBER 31, 2014 9:46 PM

    BNP Paribas to join ECB’s targeted loan programme

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    BNP Paribas SA, France’s largest bank, plans to borrow from the European Central Bank (ECB) through its programme of targeted long-term loans, said chief financial officer Lars Machenil.

  • World Biz  |  OCTOBER 31, 2014 9:37 PM

    Exxon Mobil Q3 profit rises to RM26.5bil

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    Exxon Mobil Corp said profit unexpectedly rose as lower crude prices boosted its income from making gasoline.

  • World Biz  |  OCTOBER 31, 2014 9:30 PM

    Mercedes buys 25% of MV Agusta

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    Mercedes-Benz is buying 25% of Italy’s MV Agusta Motor SpA as it follows luxury car competitor Audi AG into the motorcycle market.

  • World Biz  |  OCTOBER 31, 2014 9:23 PM

    Chevron Q3 profit rises to RM18.4bil

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    Chevron Corp raised third quarter profit for the first time in three years as refining oil into fuels buoyed returns amid the worst crude market of the decade.

  • Economy  |  OCTOBER 31, 2014 9:15 PM

    US consumer spending drops 0.2%

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    Consumer spending in the US unexpectedly dropped in September as incomes rose at the slowest pace of the year, indicating the economy will have difficulty sustaining a pickup in growth into the end of the year.

  • Corporate  |  OCTOBER 31, 2014 8:57 PM

    TNB to proceed with Track 4A power plant

    Story by

    Tenaga Nasional Bhd (TNB) will proceed with the Track 4A power plant at Pasir Gudang and expects to finalise the project cost with the engineering, procurement, and construction contractors (EPCC) by early next month, president and chief executive officer Azman Mohd said.

  • Events  |  OCTOBER 31, 2014 8:44 PM

    China inks 59 pacts with 18 countries, regions

    Story by

    China and 18 countries and regions along the Maritime Silk Road, including Malaysia, today signed 59 agreements worth 13.774 billion yuan (RM7.4 billion).

  • Economy  |  OCTOBER 31, 2014 8:32 PM

    Govt has 2 choices on falling crude oil prices

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    The government has two choices to implement if the global crude oil price continues to show a downtrend, said Deputy Finance Minister Ahmad Maslan.

  • Markets  |  OCTOBER 31, 2014 8:18 PM

    Ringgit to trade cautiously against US$ next week

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    The ringgit is likely to trade between 3.26 and 3.27 against the US dollar next week driven by overall sentiment surrounding the greenback, dealers said.

  • Corporate  |  OCTOBER 31, 2014 8:12 PM

    Maybank targets online trade financing for SME exporters

    Story by

    Maybank aims to facilitate about RM5 billion in trade financing for Malaysian-based small medium enterprise (SME) exporters in the next three years.