• World Biz  |  OCTOBER 23, 2014 1:08 PM

    CICC chairman leaves, after CEO’s resignation last week

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    Jin Liqun, chairman of investment bank China International Capital Corp (CICC), resigned after less than two years in the job, the second top executive to exit the firm in two weeks.

  • Property  |  OCTOBER 23, 2014 12:57 PM

    NYC’s ultra-luxury condo boom

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    New York City developers will spend 60% more on new homes this year, while adding only 22% more units. It is a sign of the market’s tilt toward luxury condominiums, the New York Building Congress said.

  • World Biz  |  OCTOBER 23, 2014 12:33 PM

    Boeing reports 7% increase in Q3 revenue to RM77.7 bil

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    The Boeing Company reported a 7% increase in third-quarter revenue to US$23.8 billion (RM77.7 billion) on higher commercial deliveries.

  • Featured and Exclusive  |  OCTOBER 23, 2014 12:33 PM

    China’s Hong Kong follies

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    HONG KONG – The massive public demonstrations by students and young members of the middle-class that have roiled Hong Kong in recent weeks are ostensibly demands for democracy. But they actually reflect frustration among a population that has been poorly …

  • World Biz  |  OCTOBER 23, 2014 12:13 PM

    Manhattan’s Mr. Chocolate proves cost not a problem

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    Jacques Torres is betting Americans simply can’t kick their chocolate habit even after the price of cocoa surged to the highest in three years. Torres, a former pastry chef at New York’s swanky Le Cirque restaurant who dubbed himself Mr. …

  • World Biz  |  OCTOBER 23, 2014 12:03 PM

    SoftBank, US firm to invest in Indonesia’s PT Tokopedia

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    Japan's SoftBank Corp said on Wednesday that a US subsidiary and a US venture capital have agreed to invest US$100 million (RM326.3 million) in PT Tokopedia, one of Indonesia's biggest e-commerce site operators, reports Japan's Jiji Press news agency.

  • Featured and Exclusive & World Biz  |  OCTOBER 23, 2014 11:53 AM

    Xiaomi shifts non-Chinese users’ data out of Beijing

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    Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.

  • Markets  |  OCTOBER 23, 2014 11:29 AM

    KL shares continue uptrend at mid-morning

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    Share prices on Bursa Malaysia remained on the uptrend at mid-morning on continued buying interest, an analyst said.

  • Property & Singapore  |  OCTOBER 23, 2014 11:04 AM

    M’sians lead significantly as top home buyers in S’pore

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    The gap between Malaysian and Chinese private home buyers in Singapore widened in the third quarter, after purchases by mainland Chinese fell more than those by Malaysians, the Business Times reported.

  • Featured and Exclusive & World Biz  |  OCTOBER 23, 2014 11:00 AM

    Alibaba’s Ma said to push for online Hollywood content

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    Billionaire Jack Ma is stepping up his Hollywood dealmaking push, leading a team of Alibaba Group Holding Ltd executives meeting with studios to acquire online content, people with knowledge of the situation said.

  • Corporate, Featured and Exclusive, Markets  |  OCTOBER 23, 2014 10:15 AM

    CIMB & MBSB shares drop after EPF barred from vote

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    Shares of Malaysia's CIMB Group Holdings Bhd dropped nearly 2.2% on Thursday after local media reported the Employees Provident Fund (EPF), a key shareholder in CIMB, may be forced to cut its stake to help facilitate a planned merger.

  • Markets  |  OCTOBER 23, 2014 9:53 AM

    Ringgit opens lower against US dollar

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    The ringgit opened lower against the greenback this morning, dampened by weak buying momentum, a dealer said.

  • Markets  |  OCTOBER 23, 2014 9:41 AM

    Shares on Bursa rebound to open higher

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    Share prices on Bursa Malaysia rebounded to open higher this morning amid positive sentiment and in line with regional peers, dealers said. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,807.41, rising 11.19 points, after opening 4.94 …

  • Corporate, Featured and Exclusive, World Biz  |  OCTOBER 23, 2014 9:12 AM

    Caterham threatens to sue Tony Fernandes

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    The Caterham Formula One team looked close to collapse on Wednesday with management threatening to walk away and take legal action against Malaysian founder Tony Fernandes. An explosive Caterham F1 statement accused Fernandes of never completing a formal transfer of …

  • Featured and Exclusive & World Biz  |  OCTOBER 23, 2014 9:00 AM

    Google launches new email service called “Inbox”

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    Google Inc launched an email service called "Inbox" on Wednesday that will better organise emails and display information such as appointments, flight bookings and package deliveries in a more user-friendly way.

  • Finance & Markets  |  OCTOBER 23, 2014 7:36 AM

    US dollar gains on uptick in US CPI

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    The US dollar extended broad-based gains on Wednesday after marginally higher-than-expected US inflation data coupled with earlier concerns over European banks sent the greenback to one-week highs against the euro.

  • Featured and Exclusive & Markets  |  OCTOBER 23, 2014 7:35 AM

    US stocks fall after shooting at Canadian Parliament

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    US stocks erased earlier gains to close lower on Wednesday as a shooting at the Canadian Parliament unnerved investors, Boeing and Biogen sold off following results, and energy stocks fell along with oil prices.

  • Commodities  |  OCTOBER 23, 2014 7:30 AM

    Gold drops on dollar rise, easing physical demand

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    Gold dropped on Wednesday, snapping a two-day rise as weak US inflation data and a dollar rise prompted bullion investors to take profits after the previous session's six-week high.

  • Commodities & Featured and Exclusive  |  OCTOBER 23, 2014 7:14 AM

    Crude oil plunges to US$80.52 a barrel

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    Oil prices fell sharply on Wednesday, with US crude approaching US$80 a barrel after data showed a second big jump in weekly US crude stockpiles.

  • Corporate, Featured and Exclusive, Singapore  |  OCTOBER 22, 2014 10:40 PM

    M’sia-S’pore high speed rail details to be finalised next year

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    Malaysia will start finalising details with Singapore on the upcoming high speed rail (HSR) project in the first quarter of next year.