• 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.

  • World Biz  |  OCTOBER 21, 2014 8:32 PM

    McDonald’s 3Q profit drops 30%

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    McDonald’s Corp, the world’s largest restaurant chain, said third quarter profit fell 30% as US sales slumped for the fourth straight quarter.

  • World Biz  |  OCTOBER 21, 2014 8:24 PM

    HSBC boss says EU banker bonus cap a ‘retrograde’ step

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    European rules to cap bankers' bonuses at twice fixed pay are "a retrograde step" that could add to difficulty in recruiting staff to the industry, the head of Europe's biggest bank HSBC said on Tuesday.

  • Singapore  |  OCTOBER 21, 2014 7:47 PM

    SGX profit falls 16% on lower trading volume

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    Singapore Exchange Ltd (SGX), operator of Southeast Asia’s biggest bourse, said first quarter profit fell 16% from a year earlier as share trading volumes shrank, offsetting a gain in derivatives.

  • Economy & Featured and Exclusive  |  OCTOBER 21, 2014 7:38 PM

    TPPA harmful to M’sias balance of trade, says WTO

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    The Trans-Pacific Partnership will lead to a deterioration in Malaysia’s balance of trade with other partner countries, a new study warns

  • Economy  |  OCTOBER 21, 2014 7:25 PM

    Thai economy shows signs of stagnation

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    Thailand’s economy is stagnating as a lack of confidence in the pace of a recovery, discourages investment and consumption, Finance Minister Sommai Phasee said.

  • World Biz  |  OCTOBER 21, 2014 7:04 PM

    De Beers yet to reach diamond sales agreement with Namibia

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    Namibia has yet to reach a new diamond sales agreement with Anglo American Plc’s De Beers unit, in which the south west African country would seek to be able to sell some gems separately.

  • Commodities & World Biz  |  OCTOBER 21, 2014 6:50 PM

    Statoil finds up to 80 million barrels of oil

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    Statoil ASA, Norway’s biggest energy company, found as much as 80 million barrels of oil near the Grane field in the North Sea, potentially boosting volumes at a 1992 discovery more than 13-fold.

  • Economy  |  OCTOBER 21, 2014 6:37 PM

    Why markets still need central bankers

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    Policy makers deny its existence, yet investors still reckon that whenever stocks and other risk assets take a tumble, the authorities will be there with calming words or economic stimulus to ensure the losses are limited.

  • Issues  |  OCTOBER 21, 2014 6:30 PM

    Eco World, a property brand in a rush

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    With a hard-hitting line-up of directors and seeking to match the collective proceeds of all four previous Spac listings on Bursa Malaysia, Liew Kee Sin’s proposed special purpose acquisition company (Spac) listing is no joke. A successful Spac listing may further hasten the larger Eco World brand’s already meteoric growth rate, but on the other hand it may hurt the existing developer too.

  • Corporate & Featured and Exclusive  |  OCTOBER 21, 2014 6:10 PM

    EPF barred from voting in CIMB-led bank merger

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    Malaysian state pension fund Employees Provident Fund (EPF) will not be allowed by the nation's bourse to vote in the proposed merger of CIMB Group Holdings Bhd and two rivals as it is a major shareholder in all of the banks.

  • Commodities  |  OCTOBER 21, 2014 6:10 PM

    Rubber prices end higher

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    The Malaysian rubber market closed higher today despite the lower performance on the Tokyo Commodity Exchange (Tocom), a dealer said.

  • Markets  |  OCTOBER 21, 2014 6:07 PM

    KL shares close lower on selling pressure

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    Shares on Bursa Malaysia ended lower today on selling pressure ahead of the Deepavali holiday tomorrow, dealers said.

  • World Biz  |  OCTOBER 21, 2014 6:04 PM

    Tesco needs to spend RM15.8 bil for turnaround

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    Tesco Plc, the troubled UK grocery leader, needs to spend more than 3 billion pounds (RM15.8 billion) to turn around its fortunes, including slashing prices and improving food quality, HSBC Securities estimates.

  • Markets  |  OCTOBER 21, 2014 5:55 PM

    Ringgit closes higher against US dollar

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    The ringgit ended higher for the second consecutive day against the US dollar today following China's better than expected economic growth in the third quarter, a dealer said.

  • World Biz  |  OCTOBER 21, 2014 5:44 PM

    BOE’s Carney faces scrutiny on payment outage

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    Bank of England (BOE) governor Mark Carney is facing scrutiny on the management of Britain’s payments system after the biggest disruption in at least seven years, delayed bank transfers and house purchases.