• Commodities, Economy, Featured and Exclusive  |  OCTOBER 22, 2014 4:59 PM

    Modi takes first bite at coal to end India’s power mess

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    India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world’s fifth-largest coal reserves, a source familiar with the matter said. …

  • Featured and Exclusive & Finance  |  OCTOBER 22, 2014 4:49 PM

    At least 11 banks to fail European stress tests

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    At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the …

  • Enterprise  |  OCTOBER 22, 2014 4:46 PM

    Adabi may start pepper farm in Sarawak

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    Adabi Consumer Industries Sdn Bhd may start its own pepper farm or a collection/buying centre in Sarawak in order to maintain the taste profile of its products, its business development manager, Syed Mahadzir Syed Manshor said. He said the packaged …

  • Commodities  |  OCTOBER 22, 2014 4:40 PM

    Myanmar emerges as tin’s new frontier

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    Myanmar is emerging as the new frontier in the tin industry as Indonesia, the biggest shipper, seeks to restrict supply and boost prices. Output in Myanmar will rise by 12% to 28,000 metric tons next year, giving it 10% of …

  • Featured and Exclusive & World Biz  |  OCTOBER 22, 2014 4:06 PM

    Hyundai Motor slumps on quarterly profit outlook

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    Hyundai Motor Co, South Korea’s largest automaker, slumped to the lowest in more than three years on concerns that its third-quarter profit may miss analyst estimates and the company may increase spending. Hyundai fell 3.3% to 161,500 won (RM498.69) at …

  • World Biz  |  OCTOBER 22, 2014 3:53 PM

    Peugeot sees positive cash flow in 2014

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    PSA Peugeot Citroen, Europe’s second-largest carmaker, said it may reach a cash-flow target two years early after a delivery surge in China contributed to an unexpected increase in third-quarter revenue. Peugeot is likely to report positive operational cash flow as …

  • World Biz  |  OCTOBER 22, 2014 3:44 PM

    Heineken revenue misses analyst estimates

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    Heineken NV, the Dutch brewer that spurned an overture from SABMiller Plc last month, reported third-quarter sales growth that missed estimates, extending the run of European companies hurt by sustained softness across the continent and in Russia. Revenue increased 0.2% …

  • Featured and Exclusive & World Biz  |  OCTOBER 22, 2014 3:35 PM

    BAT weighed down by currency weakness

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    British American Tobacco Plc, Europe’s largest maker of cigarettes, reported a further decline in shipments as smokers cut back and said the weakness of currencies in many of its markets led to a slide in revenue. The quantity of products …

  • World Biz  |  OCTOBER 22, 2014 3:26 PM

    Home Retail to cut Homebase chain by a quarter

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    Home Retail, Britain’s biggest household goods retailer, said it will close a quarter of its Homebase home improvement stores by 2018 as it prioritises the development of its main Argos chain. The group said on Wednesday its current estate of …

  • Commodities & Featured and Exclusive  |  OCTOBER 22, 2014 1:01 PM

    Gold hits 6-week high on China growth worry

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    Gold rose to a six-week high at above US$1,250 an ounce on Tuesday, lifted by broad-based commodities gains and concerns over an economic slowdown in China. A sharp outflow in gold-backed exchange-traded funds and lackluster Asian physical demand, however, indicate …

  • Markets  |  OCTOBER 22, 2014 12:55 PM

    Wall St extends rebound on earnings, ECB report

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    US stocks rallied on Tuesday, with the S&P 500 notching a fourth straight session of gains boosted by strong corporate results, including Apple’s. The S&P 500 and Dow Jones were up more than 1% while the Nasdaq rose more than …

  • Markets  |  OCTOBER 22, 2014 12:42 PM

    Euro falls on report ECB mulling corporate bond buys

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    The euro fell sharply against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the stagnating euro zone economy. The move, if realized, …

  • Commodities & Featured and Exclusive  |  OCTOBER 22, 2014 12:11 PM

    Oil ends up after China demand news

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    Brent crude oil ended up almost 1% on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling. Analysts and traders cautioned, however, that global economic data, especially out of Europe, …

  • Corporate & Economy  |  OCTOBER 22, 2014 11:59 AM

    GST registration surpasses 100,000

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    The number of companies that have registered for the Goods and Services Tax (GST) has exceeded 100,000 as at yesterday. The number now stands at 100,358, an increase of 2,226 from Monday, the Royal Malaysian Customs Department said in a …

  • TigerTalk  |  OCTOBER 22, 2014 10:00 AM

    QL and Lay Hong: Honour before reason?

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    Tiger recently came across a statement from QL Resources that the offer they made for Lay Hong Bhd was with “integrity and trustworthiness”. However, circumstances lead Tiger to ask if there is not anything else other than those worthy qualities.

  • World Biz  |  OCTOBER 21, 2014 9:35 PM

    Daimler said to buy 25% of MV Agusta

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    German car and truck maker Daimler is in advanced talks to buy up to 25% of MV Agusta, an Italian motorcycle manufacturer, the Sueddeutsche Zeitung newspaper reported Tuesday.

  • Finance  |  OCTOBER 21, 2014 9:22 PM

    JPMorgan fined RM301.16mil over Libor rigging

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    UBS AG was fined 12.7 million euros by the EU and Credit Suisse Group AG must pay 9.2 million euros, for colluding with JPMorgan

  • Corporate  |  OCTOBER 21, 2014 9:03 PM

    Trading of CIMB, RHB Cap & MBSB resumes Thursday

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    Trading in the shares of CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) will resume with effect from 9 am, Thursday, October 23.

  • World Biz  |  OCTOBER 21, 2014 8:56 PM

    Coca-Cola’s 3Q profit falls 14%

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    Coca-Cola Co said on Tuesday that its quarterly profit fell 14%, as sales of carbonated beverage volumes in North America declined.

  • World Biz  |  OCTOBER 21, 2014 8:47 PM

    Demand for iPhone 6 to drive Apple’s growth

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    Strong global demand for Apple Inc's iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said.