• World Biz  |  NOVEMBER 24, 2014 2:31 PM

    Oil prices seen plunging if Opec does not cut output

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    Oil prices could plunge to US$60 (RM201) a barrel if Opec does not agree a significant output cut when it meets in Vienna this week, market players say.

  • Corporate & Featured and Exclusive  |  NOVEMBER 24, 2014 2:21 PM

    Sona still pursuing Salamander deal

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    Sona Petroleum Bhd has said that it remains committed to acquiring a stake in Salamander Energy Plc, despite the latter’s board recommending a proposed offer from Ophir Energy.

  • Economy & Featured and Exclusive  |  NOVEMBER 24, 2014 2:21 PM

    S’gor’s RM2.4 bil budget largest under Pakatan

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    Selangor’s budget for 2015, presented by Menteri Besar Azmin Ali today, is its largest ever but comes with its first deficit since Pakatan Rakyat took over the state in 2008.

  • Corporate  |  NOVEMBER 24, 2014 2:13 PM

    Analysts downgrade Genting on operational headwinds

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    Genting Bhd saw downgrades from RHB Investment Bank (RHB) and CIMB Research (CIMB), on the back of operational headwinds faced by the group, as well as limited upside potential.

  • Corporate & Economy  |  NOVEMBER 24, 2014 1:45 PM

    ‘Gov’t will intervene if global oil prices rise too high’

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    The government will intervene if global crude oil prices rise too high to cushion the impact on RON95 petrol and diesel, said Deputy Finance Minister, Chua Tee Yong.

  • World Biz  |  NOVEMBER 24, 2014 1:36 PM

    Bakrie Telecom proposes debt restructuring

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    Indonesia's PT Bakrie Telecom Tbk has proposed a debt restructuring plan that offers creditors cash instalments and debt-to-equity swaps, after a Jakarta court ordered the company to negotiate a debt restructuring with its creditors by Dec 9.

  • Markets  |  NOVEMBER 24, 2014 1:28 PM

    KL shares extend gains at mid-day

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) extended earlier gains to close the morning session slightly higher today, boosted by buying in selected blue chips and key heavyweights.

  • World Biz  |  NOVEMBER 24, 2014 1:16 PM

    Hyundai, Kia said to sell 8 mil vehicles in 2014

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    Hyundai Motor Co and Kia Motors Corp said better-than-expected sales in Brazil, China and India will help them sell a record 8 million vehicles this year, even as a stronger won erodes profitability.

  • Corporate  |  NOVEMBER 24, 2014 1:04 PM

    Samsung C&T wins RM1.5 bil Petronas Gas order

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    Samsung C&T Corp said in a statement today that it has won a US$460 million (RM1.5 billion) order to build a re-gasification terminal in the Johor Province of southern Peninsular Malaysia from Petronas Gas Berhad, a subsidiary of state-owned oil firm Petronas.

  • Featured and Exclusive & Opinion  |  NOVEMBER 24, 2014 1:03 PM

    Where’s the debate on the 11th Malaysia Plan?

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    With the 10th Malaysia Plan scheduled to end next year and the economy  clearly still stuck in the middle income trap, a major debate should have commenced by now about the key features of the 11th Malaysia Plan. It is …

  • Commodities  |  NOVEMBER 24, 2014 12:53 PM

    KLTM closes higher at US$20,200 a tonne

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    The Kuala Lumpur Tin Market (KLTM) closed higher by US$150 to US$20,200 per tonne on better demand, said a dealer.

  • Economy & Featured and Exclusive  |  NOVEMBER 24, 2014 12:49 PM

    China ready to cut rates again over deflation fears

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    China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

  • Corporate  |  NOVEMBER 24, 2014 12:36 PM

    IOI Corp’s shares up 7 sen on positive outlook

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    IOI Corporation Bhd's shares on Bursa Malaysia gained 7 sen to RM4.67 as at 10.15am today, lifted by the company's positive earnings outlook.

  • World Biz  |  NOVEMBER 24, 2014 12:27 PM

    Visa awards CEO RM41.88 mil in compensation

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    Visa Inc chief executive officer (CEO) Charlie Scharf was awarded US$12.5 million (RM41.88 million) for his work in fiscal 2014, a 19% increase from a year earlier.

  • World Biz  |  NOVEMBER 24, 2014 12:20 PM

    Macy’s may benefit from lower gas prices, says CEO

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    Macy’s Inc, the largest US department-store chain, will gain from consumers that are less burdened by energy costs, chief executive officer Terry Lundgren said.

  • Markets  |  NOVEMBER 24, 2014 12:18 PM

    FBM KLCI higher at mid-morning; TNB up 38 sen

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    Shares on Bursa Malaysia were traded higher at mid-morning today, spurred by buying in selected blue chips and key heavyweights.

  • World Biz  |  NOVEMBER 24, 2014 11:06 AM

    Toyota recalls 400,000 Lexus over fuel leak

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    Toyota Motor Corp, the world’s largest automaker, recalled more than 400,000 Lexus vehicles because fuel leaks may develop in some cars and cause fires.

  • Featured and Exclusive & World Biz  |  NOVEMBER 24, 2014 11:00 AM

    Samsung files complaint to block Nvidia in US

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    Samsung Electronics Co is seeking to block computer graphics chips made by Nvidia Corp from the US market, escalating a battle begun after licensing talks failed.

  • World Biz  |  NOVEMBER 24, 2014 10:42 AM

    EU’s patience with Google wearing thin over antitrust

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    A European Parliament bid for legislation splitting up Google Inc may send a message that’s too loud to ignore, as European Union (EU) antitrust regulators review a possible settlement with the owner of the world’s largest search engine.

  • World Biz  |  NOVEMBER 24, 2014 10:35 AM

    BHP Billiton looks at options to expand copper outputs

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    BHP Billiton Ltd, operator of the world’s biggest copper mine, is studying options to raise output as it forecasts looming power and water shortages for some producers will spur a deficit from 2018.