• Featured and Exclusive & Finance  |  MAY 4, 2015 3:24 PM

    China optimism sees record inflows into HK stock ETFs

    Story by

    An unprecedented amount of money is flowing into the largest exchange-traded funds that track Chinese companies listed in Hong Kong as investors bet the biggest rally in more than three years will continue. The Hang Seng H-Share Index Fund lured …

  • World Biz  |  MAY 4, 2015 3:15 PM

    Monsanto-Syngenta merger would drive more deals

    Story by

    A combination of Monsanto Co and Syngenta AG would set the stage for even more mergers and acquisitions. Monsanto has approached Syngenta about a takeover that would create a giant in the market for seeds and crop chemicals with more …

  • Featured and Exclusive & World Biz  |  MAY 4, 2015 3:04 PM

    Buffett sees Berkshire resisting breakup calls

    Story by

    Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc, said his life’s work won’t be broken apart by activist investors once he’s no longer at the helm. “The market value of Berkshire is going to be …

  • Featured and Exclusive & World Biz  |  MAY 4, 2015 2:55 PM

    McDonald’s to reveal comeback recipe

    Story by

    Steve Easterbrook is preparing for his biggest moment as McDonald’s Corp.’s new leader on Monday, when he unveils a much-anticipated plan to put the shine back on the Golden Arches. The company veteran, who was elevated to chief executive officer …

  • Finance  |  MAY 4, 2015 2:45 PM

    ADB unleashes measures to boost lending capacity

    Story by

    The Japan-led Asian Development Bank unleashed measures that could help it hold its ground as a resource for regional economies, even as China’s Asian Infrastructure Investment Bank gains prominence. The ADB overhauled a four-decade-old development fund to boost its annual …

  • Commodities  |  MAY 4, 2015 2:30 PM

    ‘Iron ore reality check shows small, but significant change’

    Story by

    It’s time for a reality check all round in the iron ore market. In recent weeks there has been a strong rally in prices, tentative signs that the headlong expansion of capacity will be reined in, calls for a producer …

  • Finance  |  MAY 4, 2015 2:22 PM

    Firm US$, weak China factory survey hurt Asia FX

    Story by

    Most emerging Asian currencies fell on Monday hurt by a rebound in the dollar ahead of key US jobs data and as China’s factory activity suffered their fastest drop in a year in April. More evidence of a slowdown in …

  • Featured and Exclusive & Finance  |  MAY 4, 2015 2:02 PM

    World Bank’s pension holdings clash with principles

    Story by

    The World Bank indirectly invests part of its US$18.8 billion (RM67.5 billion) staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution’s own calls for ethical and low-carbon investing. In an …

  • Economy & Featured and Exclusive  |  MAY 4, 2015 1:47 PM

    Macau’s long-term investors look past the abyss

    Story by

    Macau casino stocks have lost as much as half their value over the past year as China’s anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Casino …

  • Economy, Featured and Exclusive, World Biz  |  MAY 4, 2015 1:42 PM

    Indonesian economy seen slowing further in 1Q

    Story by

    Indonesia’s economy is expected to have slowed further in the first quarter as falling exports, weak domestic consumption and policy inertia raise doubts about President Joko Widodo’s promise to spur a revival in growth and investor confidence. Jakarta’s benchmark stock …

  • Featured and Exclusive & World Biz  |  MAY 4, 2015 1:35 PM

    T-Mobile set to replace Sprint as 3rd-largest US carrier

    Story by

    Sprint Corp’s earnings report Tuesday may reveal what T-Mobile US Inc chief executive officer John Legere has been predicting for months — that T-Mobile has overtaken Sprint to join the top three US wireless carriers. Given the subscriber growth rate …

  • World Biz  |  MAY 4, 2015 1:26 PM

    Macau’s casino revenue falls 39% on China graft probe

    Story by

    Macau’s casino revenue in April fell 38.8% as China’s widening efforts to battle against graft deterred high-stake gamblers. A wave of projects being completed amid the downturn also sparked concern. Gross gaming revenue in the world’s largest gambling hub dropped …

  • Commodities  |  MAY 4, 2015 1:17 PM

    Iron ore move by Vale puts focus on Rio Tinto

    Story by

    The global iron ore market will be looking for an update from Rio Tinto Group on its iron ore strategy after Vale SA signaled that it may be willing to moderate supply growth amid a glut, according to Morgan Stanley. …

  • Commodities & Featured and Exclusive  |  MAY 4, 2015 1:13 PM

    Sceptics miss highest oil prices this year

    Story by

    Speculators cut their bullish position on oil for the first time in five weeks, just as a drop in supply at the biggest US hub propelled prices to the highest this year. Hedge funds reduced their net-long position on West …

  • Commodities  |  MAY 4, 2015 1:07 PM

    Copper slips after biggest gain in 40-months

    Story by

    Copper slipped after the largest weekly advance since December 2011 as data showed a bigger-than- expected slowdown in manufacturing strength for China, the largest consumer. The metal fell as much as 1.3%v in New York, snapping a seven-day rally. A …

  • Corporate & Featured and Exclusive  |  MAY 4, 2015 12:47 PM

    ‘MAS can’t recover with bloated workforce’

    Story by

    Malaysia Airlines (MAS) cannot recover if it continues to have a bloated workforce, according to the head of a local think-tank. Dr Chin Yew Sin, who is president of the International Strategy Research Centre, lauded Khazanah Nasional Bhd managing director …

  • Featured and Exclusive & World Biz  |  MAY 4, 2015 12:28 PM

    Westpac’s 1H cash profit flat, lags forecasts

    Story by

    Westpac Banking Group, Australia’s No. 2 lender by market value, missed forecasts with a flat first-half cash profit as lower treasury income and adjustments to its derivative valuations hurt growth. Australian banks, which came out of the global financial crisis …

  • Economy, Featured and Exclusive, World Biz  |  MAY 4, 2015 12:20 PM

    China April HSBC PMI shows huge drop in factory activity

    Story by

    China’s factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh policy stimulus to halt a slowdown in the world’s second-largest economy. …

  • Commodities, Corporate, Featured and Exclusive  |  MAY 4, 2015 12:13 PM

    FGV upbeat on downstream sector revenue growth

    Story by

    Felda Global Ventures Holdings Bhd (FGV) is confident of generating higher revenue from its palm oil and palm-related  downstream activities in the next one to two years by exploring new product lines and expanding its production capacity. Head of Palm …

  • Finance  |  MAY 4, 2015 12:06 PM

    Australia seen cutting rates to aid investment

    Story by

    Australia’s central bank is likely to cut interest rates for a second time this year on Tuesday as a salve for a painfully high local currency and pallid business investment. A Reuters poll of 27 analysts found 20 expected the …

  • Featured and Exclusive, Finance, Markets  |  MAY 4, 2015 11:37 AM

    China’s yuan falls after weak factory sector survey

    Story by

    China’s yuan edged down against the dollar on Monday after a private survey showed activity at the country’s factories shrank at the fastest rate in a year. The HSBC/Markit Purchasing Managers’ Index (PMI) fell to 48.9 in April – the …

  • Corporate & Featured and Exclusive  |  MAY 4, 2015 11:31 AM

    Petronas completes acquisition of Azerbaijan assets

    Story by

    Malaysia’s state-owned oil and gas giant Petronas has completed its transaction for the acquisition of oil and gas related assets in Azerbaijan, following a sales and purchase agreement it signed with Norway-based Statoil in October last year. Petronas’ Azerbaijan country …

  • Commodities & World Biz  |  MAY 4, 2015 11:22 AM

    Brazil weighs regulatory relief for debt-ridden Petrobras

    Story by

    Brazil is considering lifting a requirement for its national oil company to operate all new projects in a deepwater region where exploration costs are some of the highest in the industry. Any changes to regulations for the so-called pre-salt area …

  • Commodities & World Biz  |  MAY 4, 2015 11:15 AM

    Coal shortage hits India where it hurts

    Story by

    Prime Minster Narendra Modi’s plans to shift India’s economy toward manufacturing and away from agriculture and services are being held up by a coal shortage. Actually, there’s plenty of coal, just not enough trains to get it to the power …

  • Opinion  |  MAY 4, 2015 11:07 AM

    Britain’s silent election

    Story by

    LONDON – Other people’s elections are usually baffling and boring, which is certainly true of the United Kingdom’s coming vote on May 7; indeed, many Britons share the sentiment. The longest election campaign in UK history has been strikingly short …

  • Featured and Exclusive & Opinion  |  MAY 4, 2015 10:54 AM

    Will the TPP help Latin America?

    Story by

    SANTIAGO – With the International Monetary Fund having just cut its forecasts for economic growth in Latin America for the fifth year in a row, the region’s countries are casting about for ways to reignite investment and boost productivity. They …

  • Opinion  |  MAY 4, 2015 12:00 AM

    Staying the course

    Story by
    [email protected]

    Every day we receive messages from Malaysians of all walks-of-life. Many are hopeful for the work that goes in to the National Transformation Programme (NTP). Others criticise and question our progress. One thing is clear. These feedback – good, bad …

  • World Biz  |  MAY 3, 2015 9:11 PM

    McD’s faces ‘show me’ moment with new CEO

    Story by

    McDonald’s new CE Steve Easterbrook is set to unveil his plan on Monday to revive growth as the world’s largest hamburger chain struggles to win back consumers and investors. He’ll be aiming to persuade people such as Janna Sampson, co-chief investment officer at …

  • Economy  |  MAY 3, 2015 4:50 PM

    Palm oil to boost M’sia-S.Korea trade

    Story by

    Malaysian palm oil and related products are the main pillars that will boost its trade with South Korea (the Republic of Korea), said Malaysian Ambassador to the republic, Rohana Ramli. She said South Korea’s total imports of palm oil from Malaysia grew …

  • World Biz  |  MAY 3, 2015 1:28 PM

    Siemens healthcare unit probed for bribery

    Story by

    A Chinese regulator investigated Siemens AG last year over whether the German group’s healthcare unit and its dealers bribed hospitals to buy expensive disposable products used in some of its medical devices, three people with knowledge of the probe told Reuters. The investigation, which …

  • Corporate  |  MAY 2, 2015 7:41 PM

    IJM to consider buying 1MDB’s power assets

    Story by

    Malaysian construction firm IJM Corp Bhd is considering buying Edra Global Energy Bhd, the power assets owned by debt-laden state investment arm 1Malaysia Development Bhd (1MDB), financial weekly The Edge Malaysia reported on Saturday, citing industry sources. IJM, with a market value of RM13 …

  • World Biz  |  MAY 2, 2015 7:33 PM

    S’pore unemployment dips slightly

    Story by

    The unemployment rate in Singapore remained low and trended down over the past four quarters as the labour market remained tight. There were fewer layoffs across major industries, and lower unemployment for citizens and residents in the first quarter of 2015. Employment continued …

  • Commodities  |  MAY 2, 2015 12:08 PM

    Positive sentiment to push rubber mart higher

    Story by

    Positive sentiment is likely to continue driving the Malaysian rubber market higher next week, moving in tandem with its bullish peers, a dealer said. The dealer said last week’s upside momentum would remain in the market, spurred by top rubber growers Thailand and …

  • Editor's Picks & Featured and Exclusive  |  MAY 2, 2015 12:06 PM

    Dear 1MDB, here’s what you need to tell Malaysians

    Story by
    [email protected]

    Here's a selection of our best news, analyses and commentaries this week in case you missed any.

  • Commodities  |  MAY 2, 2015 11:20 AM

    Tin price to sustain at US$15,800 a tonne

    Story by

    Tin price on the Kuala Lumpur Tin Market (KLTM) is expected to sustain at the current level of US$15,800 a tonne next week, with buying support coming from European and Japanese traders, a dealer said. “Sellers are reluctant to sell as the KLTM …

  • Commodities  |  MAY 2, 2015 11:06 AM

    Gold to trade between RM135 and RM142

    Story by

    Gold futures contracts on Bursa Malaysia Derivatives are likely to trade sideways next week, moving between RM135 and RM142 a gramme, a dealer said. Phillip Futures Sdn Bhd dealer Ong Su Ling said traders would be watching US data intensely to gauge …

  • Finance  |  MAY 2, 2015 10:28 AM

    Ringgit to continue uptrend against greenback

    Story by

    The ringgit is poised to continue its uptrend against the US dollar next week, lifted by the weakening of the greenback, rebound in oil prices, coupled with the Federal Reserve’s (Fed) delay in interest rate hike, a dealer said. The dealer said investors …

  • Markets  |  MAY 2, 2015 10:21 AM

    Bursa to trade lower on profit taking

    Story by

    The local stock market is expected to trade lower next week on profit-taking, influenced by poor gross domestic product (GDP) growth in the United States and Japan. Affin Hwang Investment Bank vice-president/head of retail research Nazri Khan Adam Khan said in view …

  • Commodities  |  MAY 1, 2015 4:15 PM

    Oil has best monthly gain in 6 years

    Story by

    Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20% and 25% in April, helped by a weaker dollar and bets that a supply glut would ease. After …

  • Markets  |  MAY 1, 2015 4:08 PM

    Wall St drops with tech shares

    Story by

    US stocks, led by the Nasdaq, sold off on Thursday as Apple shares declined, and tech and biotech quarterly results disappointed. Upbeat economic reports added to uncertainty about the outlook for interest rates, a day after data showed the US …

  • Commodities  |  MAY 1, 2015 3:55 PM

    Gold falls 2% after better-than-forecast US jobs data

    Story by

    Gold fell 2% on Thursday after better-than-forecast US jobs data encouraged investors to sell the traditional safe-haven market, reviving expectations the Federal Reserve could raise interest rates soon. Data on Thursday showed claims for state unemployment benefits declined 34,000 to …

  • Markets  |  MAY 1, 2015 3:23 PM

    US dollar up vs yen on US data

    Story by

    The dollar rose against the Japanese yen Thursday after US data showed signs of a stabilizing labor market and an economy that was gathering momentum, putting the Federal Reserve on track to raise interest rates at least once this year. …

  • Featured and Exclusive & Opinion  |  MAY 1, 2015 10:00 AM

    Beyond Silicon Valley

    Story by

    Berkely – Once again, California’s Silicon Valley is confirming its status as a mecca of high-tech entrepreneurship and wealth creation. But it is not a model for job creation and inclusive growth that policymakers and entrepreneurs elsewhere can emulate – …

  • Featured and Exclusive & World Biz  |  APRIL 30, 2015 10:02 PM

    George Soros may face billion-dollar tax bill

    Story by

    George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that …

  • Corporate  |  APRIL 30, 2015 9:44 PM

    Westports posts higher Q1 PBT of RM159.6 mil

    Story by

    Westports Holdings Bhd registered a higher pre-tax profit of RM159.6 million in its first quarter ended March 31, 2015 compared with RM131.64 million recorded in the same period last year. In a statement today, Westports said the higher pre-tax profit was mainly aided …

  • Featured and Exclusive & World Biz  |  APRIL 30, 2015 9:39 PM

    RM220 mil is too much inheritance

    Story by

    Fortunately for the kids, US$26 million out of every US$100 million is seen as too little.

  • Economy & Featured and Exclusive  |  APRIL 30, 2015 9:16 PM

    US rep ‘reasonably optimistic’ on fast track trade bill

    Story by

    The head of Representatives House panel responsible for trade said on Thursday he is “reasonably optimistic” about the outlook for legislation to streamline the passage of trade deals through Congress and expects the bill to pass. Ways and Means Committee chairman Paul Ryan, …

  • Corporate & Featured and Exclusive  |  APRIL 30, 2015 9:09 PM

    Fuel prices remain unchanged for May

    Story by

    The retail prices of RON95 and RON97 petrol, as well as diesel for May 2015 will be maintained at the current levels, a Domestic Trade, Cooperatives and Consumerism Ministry (MDTCC) spokesperson told Bernama today. The prices will be unchanged for the third …

  • World Biz  |  APRIL 30, 2015 9:07 PM

    Exxon Q1 profit tops forecasts despite 46% slide

    Story by

    Exxon Mobil Corp reported a smaller-than-expected drop in quarterly profit on Thursday as oil and gas output and refining results grew even as lower crude prices ate into earnings at the world’s largest publicly traded oil company. “It was a strong quarter,” said …

  • Corporate  |  APRIL 30, 2015 8:48 PM

    Teraju allocates RM15 mil for S’wak entrepreneur scheme

    Story by

    The Bumiputera Agenda Steering Unit (Teraju) has allocated RM15 million to the Entrepreneur Development Fund Scheme under the Sarawak Bumiputera Entrepreneur Development Unit. In a statement today, Teraju chief executive officer Husni Salleh said the fund would be used to facilitate entrepreneurial capacity …