• Commodities  |  NOVEMBER 22, 2014 4:20 PM

    Gains in gold futures to remain limited

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    Cautious sentiment is expected to cloud the gold market next week with gains in gold futures contracts on Bursa Malaysia Derivatives remaining limited. Phillip Futures Sdn Bhd dealer Ahmad Danial Zainudin expects traders to react negatively towards European Central Bank chief, Mario Draghi …

  • OTHERS  |  NOVEMBER 22, 2014 4:15 PM

    Rubber consumption may help give an edge to prices

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    The Malaysian rubber market is expected to trade cautiously next week. A dealer said news that the main producer countries, namely Thailand, Malaysia and Indonesia, had decided to increase their rubber consumption, may help give an edge to prices. “Sentiment could also be …

  • Finance  |  NOVEMBER 22, 2014 4:11 PM

    Ringgit to trade higher against USD

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    The ringgit is expected to extend its recovery next week, driven by a bullish outlook on the local stock market and recovery signs in the Asian emerging currencies, a dealer said. Affin Hwang Investment Bank Vice-President and Head of Retail Research, Nazri Khan …

  • Markets  |  NOVEMBER 22, 2014 4:05 PM

    Share prices on Bursa to trade sideways

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    Share prices on Bursa Malaysia are likely to trade sideways next week and retest the 1,800 points level due to a slowing down in risk taking sentiment, the declining ringgit and falling commodity prices. Affin Hwang Investment Bank Vice-President and Head of Retail …

  • Commodities  |  NOVEMBER 22, 2014 3:23 PM

    KLTM to trade at US$20,000 a tonne

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    The tin price on the Kuala Lumpur Tin Market (KLTM) is expected to trade at the US$20,000 a tonne level next week on stronger overseas demand, a dealer said. He said European and Japanese traders are expected to help sustain the metal price …

  • Commodities  |  NOVEMBER 22, 2014 3:20 PM

    Expectations grow for OPEC production cut

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    Oil prices rose on Friday for their first weekly gain in two months with benchmark Brent crude returning to above US$80 a barrel after a rally triggered by China’s interest rate cut and speculation of an OPEC output cut. Brent rose US$1.03 to …

  • Editor's Picks & Featured and Exclusive  |  NOVEMBER 22, 2014 10:00 AM

    On ‘sponsored Datukships’ case, eyes on MACC

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    Earlier this week the New York Times (NYT) reported the confessions of a China-based mining company on how it greased local palms in order to move forward with its iron ore mining operations in Bukit Besi, Terengganu. Cue a statement …

  • Markets  |  NOVEMBER 22, 2014 9:19 AM

    Dow, S&P 500 end at records on central bank action

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    US stocks closed higher on Friday, with major indexes rising for a fifth straight week after China’s central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region’s economy. The Dow Jones industrial average …

  • Economy  |  NOVEMBER 22, 2014 9:14 AM

    Greece battles lenders over projected budget gap

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    Greece’s government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast. The government and the European Union and International Monetary Fund have been at loggerheads …

  • World Biz  |  NOVEMBER 22, 2014 9:00 AM

    Global M&A deals cross US$3 tril since 2007

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    Mergers and acquisition deals announced so far this year have topped US$3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors. The total value of deals globally jumped about 48% to US$3.06 trillion as of Nov. …

  • World Biz  |  NOVEMBER 22, 2014 8:50 AM

    China rate cut; European stimulus hints lift markets

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    World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy. The jump …

  • World Biz  |  NOVEMBER 21, 2014 9:49 PM

    Volkswagen unveils RM360 bil investment plan

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    Volkswagen AG is to invest 85.6 billion euros (RM360.9 billion) in its automotive operations over the next 5 years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an austerity drive.

  • Corporate & Economy  |  NOVEMBER 21, 2014 9:43 PM

    Managed float system helps consumers enjoy cheaper fuel

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    The government's move to scrap petrol and diesel subsidies and decide on a managed float in determining retail fuel prices based on global crude oil prices will provide the flexibility for consumers to enjoy cheaper fuel given the current oil price slump.

  • Corporate  |  NOVEMBER 21, 2014 9:30 PM

    Allianz Malaysia 3Q14 pre-tax profit rise to RM112 mil

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    Allianz Malaysia Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 (3Q14) rose to RM112.05 million from RM98.73 million in the same period last year.

  • Corporate  |  NOVEMBER 21, 2014 9:27 PM

    IOI Properties pre-tax profit slips 8% to RM147 mil

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    IOI Properties Group Bhd's revenue for the first quarter (1Q) ended Sept 30, 2014 rose 34% to RM375.52 million from RM280.61 million in the same quarter a year ago.

  • World Biz  |  NOVEMBER 21, 2014 9:19 PM

    PBOC shores up lenders with first rate cut since 2012

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    The People’s Bank of China’s first benchmark interest rate cut since 2012 will help aid the property market and shore up lenders, after the biggest jump in bad loans in nine years.

  • OTHERS  |  NOVEMBER 21, 2014 8:56 PM

    Exxon Mobil finalising production deal with Ivory Coast

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    Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters on Friday.

  • Corporate  |  NOVEMBER 21, 2014 8:48 PM

    Genting Malaysia profit up, Genting Bhd profit down

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    Genting Bhd has noted a lower year-on-year profit before tax (PBT) of RM953.9 million for the quarter just ended, from RM1.1 billion, but has shown an improved PBT of RM3.3 billion for the cumulative 9-month period for 2014, compared to 2013’s RM3.2 billion.

  • Markets  |  NOVEMBER 21, 2014 8:38 PM

    Tanah Makmur 3Q14 pre-tax profit surges to RM32 mil

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    Tanah Makmur Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 (3Q14) surged 26% to RM32.63 million from RM25.89 million in the same quarter last year.

  • Corporate & Economy  |  NOVEMBER 21, 2014 8:31 PM

    BNM’s international reserves at RM414 bil

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    The international reserves of Bank Negara Malaysia (BNM) amounted to RM414.5 billion (US$126.6 billion) as at Nov 14, 2014.