• Featured and Exclusive & World Biz  |  OCTOBER 1, 2014 11:21 AM

    Apple to add gold colour option for iPads

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    Apple Inc will add a gold colour option for its full-size iPads in an effort to boost a category that’s posted declining shipments this year, according to people familiar with the plans.

  • Corporate  |  OCTOBER 1, 2014 11:21 AM

    Insurance industry wants more training incentives

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    The insurance industry, comprising takaful and general insurance companies, wants more tax incentives and relief from the government in the upcoming Budget 2015, for investment in human capability enhancement.

  • World Biz  |  OCTOBER 1, 2014 11:01 AM

    JPMorgan loses ruling in RMBS lawsuit

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    JPMorgan Chase & Co lost a bid to block buyers of US$10 billion (RM32.8 billion) worth of residential mortgage-backed securities it packaged in 2007 to proceed as a group with their lawsuit alleging the bank misled them. US District Judge …

  • Corporate & World Biz  |  OCTOBER 1, 2014 10:55 AM

    Indonesia passes new plantations bill

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    Indonesia has approved a plantations bill that aims to maximise land usage and open up the sector to smallholders. However, a controversial foreign ownership clause that would have retroactively limited foreign ownership of plantations was dropped.

  • Finance & World Biz  |  OCTOBER 1, 2014 10:44 AM

    Riskiest CoCo bonds post record sales in Europe

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    Banks issued a record amount of their riskiest bonds in Europe last month as their efforts to bolster capital were aided by Mario Draghi’s attempts to revive the region’s economy by showering it with cheap cash. HSBC Holdings Plc, Europe’s …

  • Corporate, Featured and Exclusive, World Biz  |  OCTOBER 1, 2014 10:39 AM

    XL Axiata sells telco towers for RM1.5 bil

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    Indonesia's second-largest telecoms firm PT XL Axiata Tbk said it has agreed to sell 3,500 telecommunication towers to PT Solusi Tunas Pratama Tbk for 5.6 trillion rupiah (RM1.5 billion).

  • Featured and Exclusive & World Biz  |  OCTOBER 1, 2014 10:25 AM

    EC targets govts after crackdown on Apple

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    The European Commission’s crackdown on the deal between Irish tax authorities and Apple Inc marks an expansion in the growing global war on tax avoidance by multinational companies. Governments that enable it are now a target.

  • Markets  |  OCTOBER 1, 2014 10:25 AM

    Ringgit opens lower against US dollar

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    The ringgit opened lower against the US dollar this morning as demand shifted to the greenback.

  • Markets  |  OCTOBER 1, 2014 10:22 AM

    KL shares open higher but turns lower thereafter

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher but turned lower thereafter on lack of buying momentum.

  • Corporate & Markets  |  OCTOBER 1, 2014 10:17 AM

    Equity market likely to rally in the run-up to Budget 2015

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    The equity market is likely to stage a rally in the run-up to the Budget 2015 announcement by Prime Minister Najib Abdul Razak on Oct 10.

  • Corporate  |  OCTOBER 1, 2014 9:57 AM

    MAI expects Budget 2015 will be aligned with the NAP

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    The Budget 2015 will likely be aligned with the aspirations of the National Automotive Policy (NAP) launched in January this year, says Malaysian Automotive Institute's (MAI) chief executive officer Mohamad Madani Sahari.

  • World Biz  |  OCTOBER 1, 2014 8:16 AM

    Oracle to expand cloud service business in China

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    Oracle Corp plans to expand its business in China by teaming up with local companies to offer cloud services and distribute its software. The company is “in discussion with a number of players about partnering with them both on a …

  • StockStalk  |  OCTOBER 1, 2014 8:00 AM

    QL Resources: Counting chicks before they hatch?

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    QL Resources Bhd has made a conditional takeover offer to acquire all shares it does not own in Lay Hong Bhd, on account of shareholders not re-electing QL Resources’ representative to their board of directors. However, is this really the best move that QL Resources could have made?

  • Markets  |  OCTOBER 1, 2014 7:46 AM

    US dollar hits 4-year high

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    The dollar climbed to a four-year high against a basket of currencies and hit a two-year high against the euro on Tuesday after euro zone inflation fell in September, putting the greenback on track for its biggest quarterly gain in six years.

  • Commodities  |  OCTOBER 1, 2014 7:36 AM

    Gold posts first quarterly loss this year as dollar soars

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    Gold fell to a nine-month low on Tuesday as the dollar surged and commodities led by crude oil tumbled on expectations of further gains in the US currency.

  • Markets  |  OCTOBER 1, 2014 7:23 AM

    US stocks end down for day, month; indexes gain in quarter

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    US stocks slipped on Tuesday, dragged down by energy and materials shares as economic data disappointed.

  • Commodities  |  OCTOBER 1, 2014 7:12 AM

    Oil drops to 2-year lows, capping quarter-long rout

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    World oil prices tumbled to their lowest in more than two years on Tuesday, with US crude posting its biggest daily decline since 2012, as a drop in gasoline prices and end-of-quarter selling capped three months of steep losses.

  • Corporate  |  SEPTEMBER 30, 2014 10:10 PM

    Pertamina to buy stake in Murphy M’sia assets

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    PT Pertamina Malaysia Eksplorasi Produksi agreed to buy a 30% stake in Murphy Oil Corp.’s oil and natural gas assets in Malaysia for US$2 billion (RM6.55 billion) in cash. “This transaction allows us to re-deploy the proceeds through an individual …

  • World Biz  |  SEPTEMBER 30, 2014 10:04 PM

    BHP signs RM6.9 bil coal deal with South Africa’s Transnet

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    Transnet SOC Ltd., South Africa’s state-owned ports and rail operator, signed a 10-year, 24 billion-rand (RM6.9 billion) coal-haulage deal with miner BHP Billiton Ltd. to transport the fuel to the country’s ports. “The agreement with BHP is a massive boost …

  • Commodities  |  SEPTEMBER 30, 2014 9:54 PM

    Oil set for biggest quarterly drop since 2012

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    Brent and West Texas Intermediate crude headed for the biggest quarterly decline in more than two years as abundant supplies offset the risk of disruption from conflict in the Middle East. US crude stockpiles probably expanded by 1.5 million barrels …