STORIES TAGGED WITH

  • World Biz  |  JANUARY 31, 2015 9:37 PM

    How Greece can run out of cash and what Draghi can do

    Story by
    www.bloomberg.com

    As talks between Greece’s new government and its euro-area partners turn confrontational, Mario Draghi may soon find himself with an unpleasant dilemma. The European Central Bank president controls the last source of funding that euro area lenders turn to when …

     
  • World Biz  |  JANUARY 31, 2015 9:25 PM

    Crown scraps US$400 mil Sri Lanka resort on casino ruling

    Story by
    www.bloomberg.com

    Crown Resorts Ltd., the Australian casino company controlled by billionaire James Packer, said it won’t proceed with a planned US$400 million development in Sri Lanka after a government ruling on gaming projects. Sri Lanka won’t allow casinos in planned mixed …

     
  • Commodities  |  JANUARY 31, 2015 11:53 AM

    Tin price on KLTM to stay at current level

    Story by
    www.bernama.com

    Tin price on the Kuala Lumpur Tin Market (KLTM) is likely to stay at the current level following the strengthening of the US dollar, a dealer said. He expects foreign and local buyers to remain active in the coming week with the commodity …

     
  • Commodities  |  JANUARY 31, 2015 11:26 AM

    Gold futures on Bursa to remain bearish

    Story by
    www.bernama.com

    Gold futures contracts on Bursa Malaysia Derivatives are likely to remain bearish next week amid concern over the US interest rates hike, said dealers. He said market participants would be eyeing on the US fourth quarter gross domestic product released on Friday to …

     
  • Finance  |  JANUARY 31, 2015 10:35 AM

    Ringgit to consolidate and retrace back near 3.60

    Story by
    www.bernama.com

    The ringgit is expected to consolidate next week and retrace back near the 3.60 level, but the case for further pressure remains. The ringgit has been traded over 700 hundred basis points lower for the past two weeks and it is time for …

     
  • Markets  |  JANUARY 31, 2015 10:24 AM

    Bursa to trade mix with easier buying

    Story by
    www.bernama.com

    Bursa Malaysia is expected to trade mix with easier buying next week on the back of stronger US dollar and declining oil prices. The Greece election results and mixed signals from the US Federal Reserve’s (Fed) statement would also dent market sentiment, Affin …

     
  • Editor's Picks & Featured and Exclusive  |  JANUARY 31, 2015 10:00 AM

    Do we really need external audit on Putrajaya’s spending?

    Story by
    [email protected]

    Here are some of our best news, analyses and comments over the past week, in case you missed any.

     
  • World Biz  |  JANUARY 31, 2015 9:40 AM

    US Q4 economic growth slows to 2.6% pace

    Story by
    www.reuters.com

    US economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown followed two back-to-back quarters of bullish growth and is likely to be short-lived given the …

     
  • World Biz  |  JANUARY 31, 2015 9:16 AM

    US oil surges 8% on drop in oil rig count

    Story by
    www.reuters.com

    Oil prices rallied on Friday following the sharpest weekly drop in US oil rig count in nearly 30 years, while the dollar index ended January with its longest run of gains since the greenback was floated in 1971. US stocks finished the day …

     
  • World Biz  |  JANUARY 30, 2015 10:58 PM

    Chevron Q4 profit falls to lowest since 2009

    Story by
    www.bloomberg.com

    Chevron Corp said its quarterly profit dropped to the lowest in half a decade as collapsing global crude markets spurred billions of dollars in oil industry spending cuts.

     
  • Commodities & Featured and Exclusive  |  JANUARY 30, 2015 10:47 PM

    Opec Jan output rises as Iraq pumps at record pace

    Story by
    www.bloomberg.com

    The Organisation of the Petroleum Exporting Countries (Opec) oil production rose in in January as record Iraqi output helped drive prices near six-year lows.

     
  • World Biz  |  JANUARY 30, 2015 10:41 PM

    MasterCard Q4 profit beats expectations

    Story by
    www.reuters.com

    MasterCard Inc, the world's number two debit and credit card company, reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often.

     
  • Corporate, Economy, Featured and Exclusive  |  JANUARY 30, 2015 10:33 PM

    Moody’s attests M’sia on right track, says Najib

    Story by
    www.bernama.com

    International rating agency, Moody's Investors Service's positive outlook for Malaysia is a reaffirmation that the country's economy is on the right track, Prime Minister Najib Abdul Razak said.

     
  • World Biz  |  JANUARY 30, 2015 8:51 PM

    Moody’s cuts Petrobras to lowest investment grade

    Story by
    www.bloomberg.com

    Petroleo Brasileiro SA, the oil producer mired in Brazil’s largest-ever corruption investigation, had all its credit ratings downgraded by Moody’s Investors Service, which signalled the possibility of further cuts.

     
  • Featured and Exclusive & Markets  |  JANUARY 30, 2015 8:45 PM

    Ringgit leads Asian currencies losses; drops 3.6% in Jan

    Story by
    www.bloomberg.com

    Asia’s emerging market currencies retreated for a fifth month, the longest run of declines since the region’s financial crisis in 1998, as monetary easing by nations including Singapore and India spurred demand for US dollars.

     
  • Corporate  |  JANUARY 30, 2015 8:23 PM

    Gadang unit to pay RM95.8 mil for Semenyih land

    Story by
    www.bernama.com

    Gadang Holdings Bhd's indirect wholly owned subsidiary, Crimson Villa Sdn Bhd, will acquire freehold land in Semenyih, Selangor, from Sementar Properties Sdn Bhd.

     
  • Corporate  |  JANUARY 30, 2015 7:57 PM

    FGV gets approval to set up company in Indonesia

    Story by
    www.bernama.com

    Felda Global Ventures Holdings Bhd (FGVH) will set up a company, PT Bumi Agro Nusantara (PT BAN) in Indonesia.

     
  • Corporate  |  JANUARY 30, 2015 7:48 PM

    Hua Yang buys leasehold land for RM120 mil

    Story by
    www.bernama.com

    Property developer Hua Yang Bhd, through its wholly owned subsidiary Prisma Pelangi Sdn Bhd, has acquired 3.6 hectares of leasehold land which expires in May 2111 for RM120 million.

     
  • Corporate  |  JANUARY 30, 2015 7:40 PM

    KSL acquires land in Johor for RM90.61 mil

    Story by
    www.bernama.com

    KSL Holdings Bhd has entered into four separate sale and purchase agreements with Indah Corp Bhd via its subsidiaries to acquire several pieces of freehold land in Johor for RM90.61 million.

     
  • Corporate  |  JANUARY 30, 2015 7:36 PM

    Kimlun unit lands 2 projects from UM Land’s Dynasty View

    Story by
    www.bernama.com

    Kimlun Corp Bhd's subsidiary, Kimlun Sdn Bhd, has accepted the award of two projects in Johor from Dynasty View Sdn Bhd, with collective contract value of RM80.98 million.

     
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