STORIES TAGGED WITH

  • World Biz  |  SEPTEMBER 1, 2014 3:54 PM

    Alibaba delays IPO investor meeting to answer SEC queries

    Story by
    www.bloomberg.com

    Alibaba Group Holding Ltd is postponing the start of investor meetings for its initial public offering by about a week to answer questions posed by the US Securities and Exchange Commission, according to a person with knowledge of the matter.

     
  • World Biz  |  SEPTEMBER 1, 2014 3:26 PM

    Swatch to go alone on new Swatch Touch smartwatch

    Story by
    www.reuters.com

    Swatch Group is happy to go it alone with a launch next year of watches with "smart" new features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth US$93 billion (RM293.1 billion).

     
  • Featured and Exclusive & World Biz  |  SEPTEMBER 1, 2014 3:02 PM

    Apple offers e-wallet function in the next iPhone

    Story by
    www.bloomberg.com

    Apple Inc plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according a person familiar with the situation.

     
  • Corporate  |  SEPTEMBER 1, 2014 2:44 PM

    AMIC to play a major role in M’sia’s aerospace technology

    Story by
    www.bernama.com

    Aerospace Malaysia Innovation Centre (AMIC) aims to play a major role in country's aerospace research and technology (R&T) activities with the establishment of its physical centre within Asia Aerospace City (AAC) in Subang by 2016.

     
  • Opinion  |  SEPTEMBER 1, 2014 2:27 PM

    Argentina’s use and abuse of Keynes

    Story by
    www.project-syndicate.org

    “We are all Keynesians now,” Republican US President Richard Nixon famously said in 1971. Today, Axel Kicillof, Argentina’s Peronist economy minister, is echoing this sentiment. Is he right?

     
  • Economy & World Biz  |  SEPTEMBER 1, 2014 2:04 PM

    China’s manufacturing sector slows down in August

    Story by
    www.bernama.com

    China's manufacturing sector posted slower growth in August, with the purchasing managers' index (PMI) for the sector fell to 51.1% from 51.7% in July, said the National Bureau ofStatistics (NBS) on Monday.

     
  • World Biz  |  SEPTEMBER 1, 2014 1:49 PM

    China approves law for local governments to issue bonds

    Story by
    www.reuters.com

    China's parliament has formally approved changes to the budget law allowing local governments to issue bonds directly, a reform that could help stabilise government financing by creating the country's first municipal bond market.

     
  • World Biz  |  SEPTEMBER 1, 2014 11:44 AM

    New banking rule hampers India’s bond market

    Story by
    www.reuters.com

    A central bank ban on Indian banks buying new issues of infrastructure bonds has handicapped Prime Minister Narendra Modi's chances of gathering billions of dollars needed for mega-projects through the bond market.

     
  • Opinion  |  SEPTEMBER 1, 2014 10:46 AM

    How really to rescue Malaysian Airlines

    Story by
    www.bloomberg.com

    Khazanah Nasional Bhd, the parent company of Malaysian Airline System Bhd., announced today the airline’s fourth and most radical restructuring since its founding in 1972. This one, too, is likely to fail. The real challenge, though, isn’t overcoming the twin …

     
  • Corporate & World Biz  |  SEPTEMBER 1, 2014 9:50 AM

    Samsung Heavy Industries absorbs Samsung Engineering

    Story by
    www.reuters.com

    Samsung Heavy Industries Co Ltd will absorb Samsung Engineering Co Ltd in a 2.5 trillion won (RM7.8 billion) deal, the latest tie-up among companies with related businesses in South Korea's largest conglomerate.

     
  • World Biz  |  SEPTEMBER 1, 2014 9:31 AM

    China banks court new customers to boost revenue

    Story by
    www.reuters.com

    Grappling with a slowing economy, China's biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and IT in a bid to boost revenue.

     
  • OTHERS  |  SEPTEMBER 1, 2014 9:10 AM

    US economic growth spurs US dollar to year high

    Story by
    www.bloomberg.com

    The dollar reached the highest level in almost a year against the euro as signs of US economic growth and tensions in Ukraine boosted demand for the currency.

     
  • Markets & World Biz  |  SEPTEMBER 1, 2014 9:02 AM

    Asian stocks rise ahead of Chinese manufacturing data

    Story by
    www.bloomberg.com

    Most Asian stocks rose, while the dollar maintained gains versus major peers and strengthened versus South Korea’s won before manufacturing data from China to the euro area. Palladium climbed.

     
  • World Biz  |  AUGUST 31, 2014 1:38 PM

    Modi seeks Japan’s help on first big trip

    Story by
    www.reuters.com

    Indian Prime Minister Narendra Modi arrived in Japan on Saturday seeking to capitalise on his affinity with Japanese counterpart Shinzo Abe to strengthen security and business ties on his first major foreign visit since his landslide election victory in May. Modi is one of only three …

     
  • World Biz  |  AUGUST 31, 2014 1:23 PM

    India’s growth quickens most in 2 years

    Story by
    www.bloomberg.com

    India’s economic growth accelerated to the fastest pace in more than two years, beating estimates, after the central bank refrained from raising interest rates. Gross domestic product rose 5.7% in the three months ended June from a year earlier, the …

     
  • Economy  |  AUGUST 31, 2014 12:55 PM

    Worried EU leaders call jobs, growth summit for October

    Story by
    www.reuters.com

    European Union leaders are set to hold an emergency summit on promoting growth and jobs in  October at the suggestion of Italy, highlighting their concerns over the fragile economic recovery in the 28-country bloc. “In recent weeks economic data have confirmed that the recovery, particularly …

     
  • Corporate & Featured and Exclusive  |  AUGUST 30, 2014 11:00 PM

    Ananda Krishnan charged in Indian telco scandal

    Story by
    www.reuters.com

    Businessman Ananda Krishnan, whose business empire includes Astro and Maxis, is among those charged over alleged corruption to help Malaysia's Maxis group take control of an Indian mobile phone carrier eight years ago.

     
  • Commodities  |  AUGUST 30, 2014 12:06 PM

    Gold futures trading to remain weak

    Story by
    www.bernama.com

    Trading in gold futures contract on Bursa Malaysia Derivatives expected to remain weak next week, said Phillip Futures Sdn Bhd dealer Azim Faris Ab Rahim. He said all commodities and metal were facing some difficulties, however, the geopolitical tensions will …

     
  • World Biz  |  AUGUST 30, 2014 11:58 AM

    China graft watchdog probes another exec at Volkswagen

    Story by
    www.reuters.com

    China’s anti-graft watchdog has said it is investigating a former senior executive at Volkswagen AG’s Chinese venture, FAW-Volkswagen Automotive Co Ltd, for corruption, the latest target in a widening probe against the company. An Dewu, FAW’s former deputy general manager, was investigated for “suspected serious violations of …

     
  • Economy  |  AUGUST 30, 2014 11:49 AM

    US consumer spending pauses, but rises hope

    Story by
    www.reuters.com

    US consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary. Another report on Friday showed a sharp acceleration in factory activity in the Midwest this …

     
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