• Featured and Exclusive & World Biz  |  OCTOBER 21, 2014 11:38 AM

    Amazon, Simon & Schuster sign multiyear book deal

    Story by Inc and publisher Simon & Schuster have agreed to a multiyear deal for the sale of print and digital books, the companies said today.

  • Markets  |  OCTOBER 21, 2014 10:36 AM

    KL shares open marginally higher

    Story by

    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was marginally higher this morning, in the wake of a mixed performance by its regional peers and Wall Street, dealers said.

  • Markets  |  OCTOBER 21, 2014 10:12 AM

    Ringgit opens higher against US dollar

    Story by

    The ringgit opened higher against the US dollar today on strong buying interest, a dealer said.

  • Corporate & Featured and Exclusive  |  OCTOBER 21, 2014 9:00 AM

    British Columbia to unveil details of LNG tax this week

    Story by

    British Columbia is set to unveil the details of its long-awaited liquefied natural gas (LNG) tax regime within days, which should provide clarity for Petronas, which threatened this month to delay its US$11 billion (RM36 billion) LNG project by more than a decade unless a favourable tax deal was reached by the end of October.

  • Featured and Exclusive & World Biz  |  OCTOBER 21, 2014 8:30 AM

    China-backed hackers said to have infiltrated Apple’s iCloud

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    Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials and other information, a cybersecurity blog charged on Monday, saying it believes the country's government is behind the campaign.

  • Commodities & Featured and Exclusive  |  OCTOBER 21, 2014 7:39 AM

    Oil falls below US$86 a barrel

    Story by

    Brent crude fell on Monday, dropping below US$86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. US crude hovered below US$83 a barrel.

  • Commodities  |  OCTOBER 21, 2014 7:26 AM

    Gold up on physical bids, breaks 2-day drop

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    Gold rose on Monday, snapping two straight losing sessions, boosted by a fall in the dollar and renewed physical demand related to Diwali, India's major bullion-buying event this week.

  • Finance & Markets  |  OCTOBER 21, 2014 7:21 AM

    Dollar extends modest losses

    Story by

    Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen.

  • Markets  |  OCTOBER 21, 2014 7:15 AM

    US stocks end higher despite drag from IBM

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    US stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM's disappointing results limited gains.

  • World Biz  |  OCTOBER 20, 2014 9:50 PM

    Airbus markets VIP cabin concept for A330-200

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    Airbus Group NV has begun marketing a new VIP cabin concept for its A330-200 wide-body, which offers luxury comforts in the front of the plane, while providing airline-style seating at the rear.

  • Commodities  |  OCTOBER 20, 2014 9:28 PM

    Iran sees no need for emergency OPEC meeting

    Story by

    Iran, which faces sanctions on crude exports, sees no need for the Organisation of Petroleum Exporting Countries (OPEC) to hold an emergency meeting, a sign that markets may need to wait a month before the world’s biggest producer group responds to falling prices.

  • Economy  |  OCTOBER 20, 2014 9:10 PM

    Russia to reject terms to end sanctions after Ukraine talks

    Story by

    Russia’s foreign minister said his country won’t accept conditions to end sanctions, after talks in Italy failed to produce a breakthrough over the truce in Ukraine’s conflict-ridden east.

  • World Biz  |  OCTOBER 20, 2014 8:41 PM

    BOE halts electronic transfer after discovering fault

    Story by

    The Bank of England (BOE) suspended a “critical” part of the system that handles 575 billion pounds (RM3 trillion) of daily payments between the country’s banks, citing a technical failure.

  • World Biz  |  OCTOBER 20, 2014 8:26 PM

    eBay’s director Andreessen quits

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    eBay Inc said venture capitalist Marc Andreessen will quit its board, after the online retailer announced last month that it is spinning off its electronic payment unit, PayPal.

  • Corporate  |  OCTOBER 20, 2014 8:07 PM

    CIMB PE invests in 7-Eleven franchise in Indonesia

    Story by

    CIMB Private Equity (CIMB PE) has acquired a minority stake in PT Modern Internasional Tbk (MDRN), the listed retail operator and owner of the 7-Eleven convenience store franchise in Indonesia.

  • Economy & Finance  |  OCTOBER 20, 2014 7:56 PM

    ECB said to have bought French covered bonds

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    The European Central Bank (ECB) bought covered bonds for the first time since president Mario Draghi unveiled an asset purchase programme last month.

  • World Biz  |  OCTOBER 20, 2014 7:37 PM

    Prudential to invest in RM5.3bil UK tidal power plant

    Story by

    Prudential Plc, the largest UK insurer by market value, today said it’s investing in the construction of a tidal lagoon power plant that may generate as much as 8% of Britain’s electricity.

  • Issues  |  OCTOBER 20, 2014 7:34 PM

    Coming out of “retirement”

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    [email protected]

    Former long-time SP Setia boss Liew Kee Sin, now a director in fast-rising Eco World Development Group, is working on a special purpose acquisition company (Spac) eyeing the international property scene. KiniBiz looks at Liew’s line-up for this purpose, which shapes up to be a heavyweight ensemble.

  • World Biz  |  OCTOBER 20, 2014 7:14 PM

    Tesla to sell cars online in China

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    Tesla Motors Inc began taking online orders for its Model S electric car in China today. It is joining General Motors Co and Volkswagen AG in selling vehicles through Alibaba Group Holding Ltd’s online shopping mall.

  • Economy  |  OCTOBER 20, 2014 6:57 PM

    “There is no certainty that the GST will cause prices to rise”

    Story by

    There is a likelihood that the implementation of the Goods and Services Tax (GST) will not raise the inflation rate, given the long zero-rated and exempt list, a tax consultant said.