• World Biz  |  OCTOBER 30, 2014 10:05 PM

    JPMorgan directors best paid in London

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    JPMorgan Chase & Co directors are the best paid in the City of London, receiving more than their counterparts at Goldman Sachs Group Inc and Bank of America Corp, according to a survey.

  • Corporate  |  OCTOBER 30, 2014 9:58 PM

    PKNS aims to produce more young entrepreneurs

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    The Selangor State Development Corp (PKNS) aims to produce more entrepreneurs among the younger generation via Programme Tunas Niaga (Protune).

  • Corporate  |  OCTOBER 30, 2014 9:54 PM

    Mida disburses RM550.1mil under Disf as of Sept 2014

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    The Malaysian Investment Development Authority (Mida) had approved funding totalling RM550.1 million under the Domestic Investment Strategic Fund (Disf) as of September this year for 118 projects.

  • World Biz  |  OCTOBER 30, 2014 9:44 PM

    Mercedes, VW to put brakes on Google’s inroads in car data

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    Volkswagen AG and Mercedes-Benz called on fellow automakers to establish separate platforms for data on vehicle use to avoid handing over sensitive customer information to Google Inc.

  • World Biz  |  OCTOBER 30, 2014 9:37 PM

    RBS to reveal funds held to settle FX probes

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    Royal Bank of Scotland (RBS) will announce how much it has set aside to cover potential fines for manipulating currency markets (FX) when it reports third quarter results on Friday, several banking sources said.

  • World Biz  |  OCTOBER 30, 2014 9:28 PM

    Strikes since April cost Lufthansa RM707.37mil

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    A series of strikes since April have cost Europe's biggest airline Lufthansa a total of 170 million euros (RM707.37 million), the German flag carrier said Thursday.

  • World Biz  |  OCTOBER 30, 2014 9:20 PM

    MasterCard Q3 profit tops estimates

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    MasterCard Inc, the second largest US payments network, posted third quarter profit that beat analysts’ estimates as customer spending climbed.

  • Economy  |  OCTOBER 30, 2014 9:10 PM

    US Q3 GDP beats estimates, growing 3.5%

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    The economy in the US expanded more than forecast in the third quarter, capping its strongest six months in more than a decade, as gains in government spending and a shrinking trade deficit made up for a slowdown in household purchases.

  • Economy  |  OCTOBER 30, 2014 8:43 PM

    US jobless claims rise, but labour market trends firming

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    The number of Americans filing new claims for unemployment benefits rose for a second straight week last week, but remained at levels consistent with a firming labour market.

  • Economy  |  OCTOBER 30, 2014 8:35 PM

    Ukraine Q3 GDP plunges 5.1% amidst conflict

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    Ukraine’s economy shrank 5.1% in the third quarter from a year earlier, the most in almost five years, as industrial production and the hryvnia slumped amid the bloody conflict in the country’s east.

  • Corporate & Featured and Exclusive  |  OCTOBER 30, 2014 8:26 PM

    Protasco’s Tey calls EGM to remove MD

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    Protasco Bhd’s non-executive director, Tey Por Yee, has called for an extraordinary general meeting (EGM) to remove Protasco’s managing director (MD) Chong Ket Pen as a director of Protasco, following the derivative action that had been filed by Tey against …

  • World Biz  |  OCTOBER 30, 2014 8:10 PM

    Time Warner Cable loses more video customers in Q3

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    Time Warner Cable Inc, the No 2 US cable TV operator, lost more video subscribers than analysts had expected in the third quarter, as more customers opt for internet streaming services offered by companies such as Netflix Inc.

  • Corporate & Featured and Exclusive  |  OCTOBER 30, 2014 8:09 PM

    Amid controversies, 1MDB breaks silence

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    Strategic investment fund 1Malaysia Development Bhd (1MDB) broke its long-held silence today, issuing a statement to in response to issues raised by the media on its previous deals and exercises.

  • Corporate  |  OCTOBER 30, 2014 8:01 PM

    Matrade eyes 10% increase M’sia-Bosnia trade next year

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    Trade between Malaysia and Bosnia and Herzegovina is expected to increase by 10% next year, said Malaysia External Trade Development Corp (Matrade) chairman Noraini Ahmad.

  • Corporate & Featured and Exclusive  |  OCTOBER 30, 2014 7:53 PM

    Faber completes RM1.5 bil assets injection deal

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    Faber Group Bhd had completed the RM1.5 billion assets injection exercise with its major shareholder UEM Group Bhd today, completing its transformation from a hospital support services specialist into an assets development and management player.

  • Economy  |  OCTOBER 30, 2014 7:49 PM

    Najib: Govt to accrue RM23.2bil from GST

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    Prime Minister Najib Abdul Razak said the Goods and Services Tax (GST) at 6%, to be implemented on April 1, 2015, is estimated to rake in RM23.2 billion in government revenue.

  • Corporate  |  OCTOBER 30, 2014 7:41 PM

    Fitch affirms Malaysian Re’s ‘A’ rating

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    Global rating agency Fitch Ratings has affirmed Malaysian Reinsurance Bhd's insurer financial strength (IFS) rating at 'A' with a stable outlook.

  • Corporate  |  OCTOBER 30, 2014 7:38 PM

    Mida to woo more IC packaging firms

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    The Malaysian Investment Development Authority (Mida) plans to attract more foreign and local integrated circuit (IC) design houses that focus on producing IC packaging, given its positive potential in the global market.

  • Corporate  |  OCTOBER 30, 2014 7:27 PM

    Signature FY14 pre-tax profit surges 190%

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    Signature International Bhd's pre-tax profit for the financial year (FY) ended June 30, 2014 surged 190% to RM25.5 million from the same period a year ago.

  • Corporate  |  OCTOBER 30, 2014 7:24 PM

    Press Metal Q3 result returns to the black

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    Press Metal Bhd returned to the black with a pre-tax profit of RM116.26 million for the third quarter ended Sept 30, 2014 compared with a pre-tax loss of RM48.37 million recorded in the same period last year.