• Markets  |  JULY 29, 2014 12:37 PM

    Wall St yawns as deal news offsets data; Herbalife sinks

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    US stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector. Dollar Tree Inc offered to buy rival discount chain Family …

  • World Biz  |  JULY 29, 2014 12:28 PM

    Siemens targets 10% revenue increase this year

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    Siemens Malaysia Sdn Bhd is targeting revenue growth about 10% this year driven by projects in the energy, infrastructure and cities sectors. President and chief executive officer M Prakash Chandran said Siemens has four core business portfolios, namely, energy, infrastructure …

  • Corporate & Featured and Exclusive  |  JULY 29, 2014 12:19 PM

    MAS faces passenger cancellations after disasters

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    Malaysian Airline System Bhd (MAS) is facing an influx of passenger cancellations after the carrier’s second disaster this year, adding to the strains of a company that’s bracing for a fourth consecutive annual loss. Travel agents from Melbourne to Singapore, …

  • Corporate & Featured and Exclusive  |  JULY 29, 2014 12:09 PM

    MAS calls for system to ensure safe travel after MH17

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    Malaysian Airline System Bhd (MAS), whose plane was shot down over Ukraine this month, said the aviation industry must act to create a system that will guarantee safe travel for all commercial carriers. Airlines shouldn’t bear the responsibility of deeming …

  • Corporate & Property  |  JULY 29, 2014 11:58 AM

    Demand for homes may taper off after GST kicks in

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    Property developer, UEM Sunrise Bhd, expects demand for homes to taper off after the implementation of the goods and services tax (GST) on April 1 next year, especially in the second quarter. Its executive director, Izzaddin Idris, said this was …

  • Featured and Exclusive & Opinion  |  JULY 29, 2014 11:51 AM

    Fighting the Fed

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    CAMBRIDGE – The US Federal Reserve is battling with members of Congress over a proposed law, the Federal Reserve Accountability and Transparency Act, that would require the Fed to use a formal rule to guide monetary policy. The Fed fears …

  • Featured and Exclusive & Opinion  |  JULY 29, 2014 11:47 AM

    Europe’s options

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    STANFORD – Many Europeans have come to believe that they have weathered the economic and financial storm. In the last two years, deficits and debt have stabilized. Yields on the sovereign debt of the eurozone periphery’s weak economies have fallen …

  • Corporate & Featured and Exclusive  |  JULY 28, 2014 3:54 PM

    A week of grief & celebration


    Another week ends and readers with busy schedules would have missed some of our more interesting stories. Have you seen these news, analyses and comments? You won’t get them anywhere else: Pick 1 — Remember the blue Mamee monster? We’ve …

  • Corporate & Featured and Exclusive  |  JULY 28, 2014 12:40 PM

    FGV: Settlers’ dividends “up to Felda to decide”

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    [email protected]

    Felda Global Ventures Holdings Bhd (FGV) is distinct from Felda the federal land development agency and has no say over it’s controversial dividend policy, the public listed company clarified in a statement. FGV was responding to a KiniBiz article published …

  • Opinion  |  JULY 28, 2014 12:00 AM

    We must not forget the villages

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    [email protected]

    Villages all over the world, including in Malaysia undergo similar development cycles. Urbanisation and access to better education has led to many young people leaving the villages for life in towns. EPU’s latest data shows that more than 70% of …

  • World Biz  |  JULY 27, 2014 10:57 PM

    McDonald’s food supplier recalls Shanghai products

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    OSI Group LLC, a meat supplier to McDonald’s Corp., said it would recall all products made by its Shanghai plant. “To help rebuild the trust of our customers and consumers, as well as to cooperate with the official investigatory process, …

  • Commodities  |  JULY 27, 2014 10:39 PM

    S’pore set to get LNG cargo from Indonesia

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    Singapore LNG Corp., which operates the Asian city-state’s first receiving terminal, is set to get a liquefied natural gas cargo for its third tank delivered tomorrow by the vessel Wilpride. “We confirm that the Singapore LNG Terminal will be receiving …

  • Economy  |  JULY 27, 2014 8:11 PM

    Investors pin growth hopes on US and China

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    With the prospect of stiffer sanctions against Russia rattling confidence inEurope, investors will be looking to the United States and China to underpin the global economy. Wednesday’s US gross domestic product (GDP) reading and jobs data on Friday will help markets to judge the …

  • World Biz  |  JULY 27, 2014 7:59 PM

    Dubai stocks increase most led by Emaar

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    Shares in Dubai ended a three-day losing streak, led by gains in Emaar Properties PJSC amid bets the developer’s second quarter earnings will exceed investor expectations. Stocks in Qatar fell. The DFM General Index advanced 1.7% to 4,728.43, the biggest …

  • World Biz  |  JULY 27, 2014 4:46 PM

    Arabtec declines as second-profit misses estimates

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    Arabtec Holding PJSC, the builder that helped drive Dubai’s stock index into a bear market last month, plunged after reporting second-quarter profit that missed analysts’ estimates. The shares dropped as much as 6.5% before trimming losses to 2.3% at 11.13am …

  • World Biz  |  JULY 27, 2014 3:22 PM

    Hong Kong’s de facto central bank bought US$690mil

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    Hong Kong’s de facto central bank bought US$690 million on July 25 to defend the city’s 31-year-old peg to the greenback as it expects demand for the local currency to continue. “Having regard to the on-going listings, mergers and acquisitions, …

  • Commodities  |  JULY 27, 2014 2:23 PM

    Best mining debt defies gold woe

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    Newcrest Mining Ltd. bonds are delivering the best returns this year among metal producers even as the gold miner prepares for new write downs at a floundering asset inside an extinct volcano. Debt securities issued by Australia’s biggest gold producer …

  • World Biz  |  JULY 26, 2014 10:10 PM

    Google triples deal spending to US$4.2bil in 2014 first half

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    Google Inc. more than tripled spending on acquisitions in the first half of the year to US$4.2 billion, as the Internet company ramps up investments to expand its services. The world’s largest online advertiser spent US$3.2 billion for thermostat company …

  • World Biz  |  JULY 26, 2014 10:00 PM

    Russia to Kazakhstan central banks boosted gold reserves

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    Central banks for Russia to Kazakhstan and Mexico increased gold reserves as Germany trimmed its holdings, International Monetary Fund data show. Kyrgyzstan, Tajikistan, Serbia, Greece and Equador also showed higher gold reserves for June, according to figures published today on …

  • World Biz  |  JULY 26, 2014 9:46 PM

    Deutsche Bank, HSBC sued for silver fix manipulation

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    Deutsche Bank AG, HSBC Holdings Plc and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix. The banks unlawfully …