• Featured and Exclusive & World Biz  |  APRIL 17, 2014 9:21 AM

    Mayer aims to persuade Apple to choose Yahoo over Google

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    Yahoo Inc’s Chief Executive Marissa Mayer is working on a plan to persuade Apple Inc to ditch Google as its default search engine in favor of Yahoo, technology news site Re/code reported, citing sources within Yahoo. Mayer’s effort is in …

  • Corporate & World Biz  |  APRIL 17, 2014 9:10 AM

    Mitsubishi Motors M’sia launches new Lancer 2.0 GTE

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    Mitsubishi Motors Malaysia Sdn Bhd, the official distributor of Mitsubishi Motor vehicles in the country, launched the new Mitsubishi Lancer 2.0 GTE here today. In a statement, Mitsubishi Motors Malaysia said the car comes with an enhanced premium package, a power sunroof, keyless …

  • World Biz  |  APRIL 17, 2014 8:27 AM

    Sony strains to meet demand as PlayStation 4 sales hit 7 mil

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    Five months after releasing the PlayStation 4, Sony Corp is still struggling to keep up with demand. Sales of the US$399 (RM1,287) video-game console, which went on sale in November 2013, surpassed 7 million units worldwide as of April 6, …

  • Markets & World Biz  |  APRIL 17, 2014 8:18 AM

    Weak US prices, not inflation, the threat now- Yellen

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    Persistently low inflation poses a more immediate threat to the US. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the US central bank would be delivering policy stimulus for some time to come. In …

  • Markets  |  APRIL 17, 2014 8:13 AM

    Dollar up vs yen on Japan stock picture

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    The dollar rose to the highest level in a week against the yen on Wednesday on signs of future buying of Tokyo stocks by Japan’s state pension fund, but edged lower against the euro on traders’ view that the Federal …

  • OTHERS  |  APRIL 17, 2014 8:09 AM

    Gold flat as Wall Street rises, US industry data strong

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    Gold prices were little changed on Wednesday, as gains were limited by rising Wall Street stocks and strong US industrial production data fed investor caution about bullion a day after prices fell nearly 2%. Gold traded around its key 200-day …

  • Commodities  |  APRIL 17, 2014 8:04 AM

    Brent oil rises close to US$110 on Ukraine tension

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    Brent crude rose toward US$110 a barrel on Wednesday on mounting tensions in Ukraine, while prices for US oil were nearly unchanged after a report showed a huge build in stockpiles, which canceled out geopolitical concerns. Ukrainian government forces and …

  • Markets  |  APRIL 17, 2014 8:00 AM

    European shares bounce back as Chinese data reassures

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    European shares rose on Wednesday, reversing the previous session’s slide after economic growth data from China came in a touch above forecasts. At the close, the pan-European FTSEurofirst 300 index was up 1.2% at 1,322.51 points, in a rebound most …

  • Markets  |  APRIL 17, 2014 7:41 AM

    Wall St gains on Yellen comments and Yahoo; BofA falls

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    US stocks rose 1% on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank’s commitment to keeping interest rates low and Yahoo rallied. Data showing Chinese economic growth exceeded expectations and US …

  • World Biz  |  APRIL 16, 2014 10:57 PM

    Danone shares drop in Paris on falling fresh dairy shipments

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    Danone fell the most in six weeks in Paris after the yogurt maker’s price increases weighed on the amount of dairy products it sold in the first quarter. The shares fell as much as 2.4%, the biggest intraday drop since …

  • World Biz  |  APRIL 16, 2014 10:43 PM

    HSBC Bank Oman to sell Indian business to Doha Bank

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    HSBC Bank Oman said on Wednesday it had agreed on the sale of its Indian business to Qatar’s Doha Bank. No value for the transaction was given in the statement to the Muscat Securities Market, but the Omani lender said …

  • World Biz  |  APRIL 16, 2014 10:21 PM

    Starbucks to move Europe base to London

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    Starbucks Corp said on Wednesday it would move its European headquarters to London from the Netherlands and pay more tax in the UK as a result. The world’s largest coffee chain has endured widespread criticism over low tax contributions in …

  • Economy  |  APRIL 16, 2014 10:16 PM

    French PM details RM224 bil budget savings plan

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    French Prime Minister Manuel Valls on Wednesday provided a breakdown of the government’s plan to reduce public spending by 50 billion euros (RM224 billion) and reiterated that France would honour its European commitments on deficit reduction. Valls, named prime minister …

  • Economy  |  APRIL 16, 2014 10:06 PM

    Eurozone inflation confirmed at 0.5% amid deflation fears

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    Annualized eurozone inflation fell to 0.5% in March, the European Union’s statistics office Eurostat confirmed Wednesday, amid fears that the currency bloc could slip into deflation. The figure, backing up an earlier estimate, keeps consumer prices in what European Central …

  • Opinion  |  APRIL 16, 2014 9:47 PM

    The growing divide within developing economies

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    When researchers at the McKinsey Global Institute (MGI) recently dug into the details of Mexico’s lagging economic performance, they made a remarkable discovery: an unexpectedly large gap in productivity growth between large and small firms. From 1999 to 2009, labor …

  • Economy  |  APRIL 16, 2014 9:26 PM

    Small shareholder group accepts VW bid for Scania

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    Small shareholders in Swedish truckmaker Scania were Wednesday advised to accept a 6.7-billion-euro (US$9.2 billion) buyout offer from German automotive giant Volkswagen, the Swedish Shareholders’ Association said. The association, which groups small private shareholders, said Scania’s current ownership structure was …

  • Issues  |  APRIL 16, 2014 9:00 PM

    Powering Energy & Utilities forward?

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    Sime Darby Energy & Utilities is much smaller from other, bigger divisions in terms of contributions. But its RM2 billion loss in FY10 is a lesson in how big an effect one division’s performance can have on how the collective group is doing. That episode could have been prevented by independent listing.

  • Corporate, Economy, World Biz  |  APRIL 16, 2014 8:59 PM

    Sales of M’sian products normal in China

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    The sales of Malaysian products in China, particularly food and beverage (F&B) products, remain normal despite calls by Chinese netizens to boycott them following the disappearance of Malaysia Airlines’ (MAS) MH370. A Malaysian importer of various products here, Loh Wee …

  • Economy  |  APRIL 16, 2014 8:39 PM

    Thailand’s economy nears recession in 1H

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    Thailand’s economy in the first half of the year is nearing recession, with growth less than one per cent, pressured by ongoing political unrests in the country. According to Kasikorn Research Centre (K-Research), Thailand was on the verge of recession, …

  • Corporate  |  APRIL 16, 2014 8:17 PM

    Capitamall 1Q pre-tax profit rises to RM38.2 mil

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    Capitamalls Malaysia Trust’s (CMMT) pre-tax profit rose to RM38.193 million in the first quarter ended March 31, 2014 from RM35.848 million in the same period last year. Revenue went up to RM78.972 million in the quarter from RM74.384 million in the …