• Commodities  |  DECEMBER 19, 2014 7:45 AM

    Gold rises as Fed takes patient stance on rate hike

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    Gold rose on Thursday after the Federal Reserve said it would take a patient approach toward raising interest rates, boosting stock markets and commodities, though it pared early gains as the dollar strengthened against a basket of currencies.

  • Commodities & Featured and Exclusive  |  DECEMBER 19, 2014 7:34 AM

    Oil tumbles anew after brief rebound

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    Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.

  • StockStalk  |  DECEMBER 19, 2014 7:30 AM

    SapuraKencana: How will it ride the oil price crash?

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    O&G giant SapuraKencana's share price has suffered from plummeting crude oil prices. Despite a solid track record and a RM26 billion order book, there are concerns over its foreign exposure and heavy gearing. Will it survive the current oil price collapse?

  • Finance & Markets  |  DECEMBER 19, 2014 7:25 AM

    US dollar edges higher in wake of Fed statement

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    The US dollar rose against major currencies for a second straight session on Thursday in the wake of the Federal Reserve's signals that it could hike rates soon and looser monetary policy overseas.

  • Markets  |  DECEMBER 19, 2014 7:14 AM

    Wall St has best 2-day gain since 2011 on Fed optimism

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    The S&P 500 closed out its biggest two-day advance since November 2011 on Thursday, extending a Federal Reserve-fuelled rally from the previous session, while tech shares jumped after Oracle results.

  • TigerTalk  |  DECEMBER 19, 2014 7:00 AM

    For 1MDB, half-truths can’t mask numbers

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    So is controversial state investment fund 1Malaysia Development Bhd in trouble or not? That depends on who you ask. But beware half-truths in sifting through the answer you get.

  • Commodities & Featured and Exclusive  |  DECEMBER 18, 2014 11:48 PM

    RM3.5 tril of investments stranded in oil fields

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    In a stunning analysis this week, Goldman Sachs found almost US$1 trillion (RM3.5 trillion) in investments in future oil projects at risk.

  • World Biz  |  DECEMBER 18, 2014 10:50 PM

    Miners drill under London to keep up with power demand

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    Demand for power in the British capital will climb more than 5% by the end of this decade, versus 2% in Paris and a drop of 1% in New York.

  • World Biz  |  DECEMBER 18, 2014 10:34 PM

    International air passengers up 3.6% in Oct, says IATA

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    In a statement today, IATA said this was in line with growth year-to-date and stronger than September's rise of 2.3%.

  • Corporate  |  DECEMBER 18, 2014 10:29 PM

    Berjaya Sports Toto Q2 profit rises to RM143.24 mil

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    In a filing to Bursa Malaysia, the company said revenue also increased 44.7% to RM1.3 billion from RM866.88 million previously.

  • Corporate & Featured and Exclusive  |  DECEMBER 18, 2014 10:26 PM

    1-year extension for 6P foreign workers

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    The government has extended the employment of foreign workers under the 6P programme by another year effective immediately, said Home Ministry acting secretary-general Alwi Ibrahim.

  • Economy  |  DECEMBER 18, 2014 10:12 PM

    GST not expected to affect M’sia tourism industry

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    Tourism and Culture Minister Mohamed Nazri Abdul Aziz said the government has already put in place the proper steps to implement the new tax.

  • Corporate  |  DECEMBER 18, 2014 10:05 PM

    Multi-Purpose Cap to sell 49% stake in MPIB

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    MPHB Capital Bhd's wholly owned unit, Multi-Purpose Capital Holdings Bhd, will dispose of its 49% stake in Multi-Purpose Insurans Bhd (MPIB) to Generali Asia NV for RM355.8 million.

  • Corporate  |  DECEMBER 18, 2014 9:54 PM

    Petra Energy to dispose of 70% stake in JPA

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    Petra Energy Bhd has entered into a share sale agreement with Chiew Chung Lee to dispose of its entire 70% equity interest in Jurutera Perunding Akal Sdn Bhd (JPA), amounting to 70,000 ordinary shares of RM1 each for RM141,189.03.

  • Property  |  DECEMBER 18, 2014 9:48 PM

    ’74% abandoned housing projects rehabilitated’

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    He said 10.7% more or 23 projects are in the process of rehabilitation, while 15.3% or 33 projects are in the planning stage.

  • Corporate & Featured and Exclusive  |  DECEMBER 18, 2014 9:40 PM

    Jentayu apologises; hopes to meet with Khazanah

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    "We sincerely hope we have the opportunity to share, elaborate, and explain in greater detail our proposal to Khazanah Nasional Bhd and apologise if we have caused any inconvenience," JD said in a statement today.

  • Economy  |  DECEMBER 18, 2014 9:29 PM

    ‘Don’t waste FX reserves to protect rouble’

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    President Vladimir Putin said Russia shouldn’t waste currency reserves to protect the rouble, as the country braces for a recession brought on by the collapse of the oil price and sanctions over the Ukraine conflict.

  • Economy, Markets, World Biz  |  DECEMBER 18, 2014 7:11 PM

    Draghi counts the cost of ECB quantitative easing battles

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    As Mario Draghi prepares to push the European Central Bank (ECB) into quantitative easing, he’s counting the cost of alienating its home nation.

  • Economy  |  DECEMBER 18, 2014 7:01 PM

    Indonesia mulls removing gasoline subsidy in 2015

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    Indonesia's Chief Economics Minister Sofyan Djalil on Thursday said the government is considering removing subsidies for gasoline next year, but will maintain subsidies for diesel.

  • World Biz  |  DECEMBER 18, 2014 6:50 PM

    Pertamina set for 20% drop in 2014 profit

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    Indonesian state oil and gas giant Pertamina sees a more than 20% fall in net profit this year due to a drop in global oil prices and because it failed to reach its production target, a director at the company said on Thursday.