• World Biz  |  OCTOBER 22, 2014 8:35 PM

    Italy celebrates truffle boom amid economic gloom

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    Even in the midst of the longest economic slump since World War II, Italian gourmands have something to celebrate: truffles, plenty of them. Prices for the country’s white truffles, a delicacy from New York to Moscow, have dropped about 37% …

  • World Biz  |  OCTOBER 22, 2014 8:24 PM

    Boeing quarterly profit jumps 18%; ups 2014 earnings view

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    Boeing Co reported an 18% increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand. The company earned US$1.36 billion (RM4.4 billion), or US$1.86 per share, for the third quarter …

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 22, 2014 8:15 PM

    Fears for tough penalties grow as India cleans up business

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    An unprecedented ban on India’s largest property developer from tapping capital markets has fuelled expectations of tougher penalties ahead, as the country’s regulators feel emboldened to take on even companies long sheltered by political connections. The result has been a …

  • Corporate  |  OCTOBER 22, 2014 7:58 PM

    Maybank BII sees 6.7% rise in operating profit

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    Maybank’s Indonesian banking unit, PT Bank Internasional Indonesia Tbk (BII) has reported a 6.7 per cent increase in operating profit to Rp2.05 trillion (RM556.2 billion) for the nine month period ended Sept 30, 2014 from Rp1.92 trillion in the corresponding …

  • Opinion  |  OCTOBER 22, 2014 7:53 PM

    Modi’s little bang reforms

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    For Indian Prime Minister Narendra Modi, Diwali came early this year when his Bharatiya Janata Party won crucial elections in the states of Maharashtra and Haryana. He’s celebrated with a bang — a little one. On Oct 18, a day …

  • Opinion  |  OCTOBER 22, 2014 7:44 PM

    Unleashing Africa’s girl power

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    MAPUTO – Sub-Saharan Africa’s economies have boomed in recent years. But the headline figures often mask longer-term problems – not least, an over-reliance on natural resources and chronic inequalities. Inclusive, sustainable growth is achievable, but only by tapping the continent’s …

  • Opinion  |  OCTOBER 22, 2014 7:30 PM

    Your data or your life

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    LONDON – Apple’s new watch keeps track of your health. Google Now gathers the information needed to compute the ideal time for you to leave for the airport. Amazon tells you the books you want, the groceries you need, the …

  • Commodities, Economy, Featured and Exclusive  |  OCTOBER 22, 2014 4:59 PM

    Modi takes first bite at coal to end India’s power mess

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    India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world’s fifth-largest coal reserves, a source familiar with the matter said. …

  • Featured and Exclusive & Finance  |  OCTOBER 22, 2014 4:49 PM

    At least 11 banks to fail European stress tests

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    At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the …

  • Enterprise  |  OCTOBER 22, 2014 4:46 PM

    Adabi may start pepper farm in Sarawak

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    Adabi Consumer Industries Sdn Bhd may start its own pepper farm or a collection/buying centre in Sarawak in order to maintain the taste profile of its products, its business development manager, Syed Mahadzir Syed Manshor said. He said the packaged …

  • Commodities  |  OCTOBER 22, 2014 4:40 PM

    Myanmar emerges as tin’s new frontier

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    Myanmar is emerging as the new frontier in the tin industry as Indonesia, the biggest shipper, seeks to restrict supply and boost prices. Output in Myanmar will rise by 12% to 28,000 metric tons next year, giving it 10% of …

  • Featured and Exclusive & World Biz  |  OCTOBER 22, 2014 4:06 PM

    Hyundai Motor slumps on quarterly profit outlook

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    Hyundai Motor Co, South Korea’s largest automaker, slumped to the lowest in more than three years on concerns that its third-quarter profit may miss analyst estimates and the company may increase spending. Hyundai fell 3.3% to 161,500 won (RM498.69) at …

  • World Biz  |  OCTOBER 22, 2014 3:53 PM

    Peugeot sees positive cash flow in 2014

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    PSA Peugeot Citroen, Europe’s second-largest carmaker, said it may reach a cash-flow target two years early after a delivery surge in China contributed to an unexpected increase in third-quarter revenue. Peugeot is likely to report positive operational cash flow as …

  • World Biz  |  OCTOBER 22, 2014 3:44 PM

    Heineken revenue misses analyst estimates

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    Heineken NV, the Dutch brewer that spurned an overture from SABMiller Plc last month, reported third-quarter sales growth that missed estimates, extending the run of European companies hurt by sustained softness across the continent and in Russia. Revenue increased 0.2% …

  • Featured and Exclusive & World Biz  |  OCTOBER 22, 2014 3:35 PM

    BAT weighed down by currency weakness

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    British American Tobacco Plc, Europe’s largest maker of cigarettes, reported a further decline in shipments as smokers cut back and said the weakness of currencies in many of its markets led to a slide in revenue. The quantity of products …

  • World Biz  |  OCTOBER 22, 2014 3:26 PM

    Home Retail to cut Homebase chain by a quarter

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    Home Retail, Britain’s biggest household goods retailer, said it will close a quarter of its Homebase home improvement stores by 2018 as it prioritises the development of its main Argos chain. The group said on Wednesday its current estate of …

  • Commodities & Featured and Exclusive  |  OCTOBER 22, 2014 1:01 PM

    Gold hits 6-week high on China growth worry

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    Gold rose to a six-week high at above US$1,250 an ounce on Tuesday, lifted by broad-based commodities gains and concerns over an economic slowdown in China. A sharp outflow in gold-backed exchange-traded funds and lackluster Asian physical demand, however, indicate …

  • Markets  |  OCTOBER 22, 2014 12:55 PM

    Wall St extends rebound on earnings, ECB report

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    US stocks rallied on Tuesday, with the S&P 500 notching a fourth straight session of gains boosted by strong corporate results, including Apple’s. The S&P 500 and Dow Jones were up more than 1% while the Nasdaq rose more than …

  • Markets  |  OCTOBER 22, 2014 12:42 PM

    Euro falls on report ECB mulling corporate bond buys

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    The euro fell sharply against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the stagnating euro zone economy. The move, if realized, …

  • Commodities & Featured and Exclusive  |  OCTOBER 22, 2014 12:11 PM

    Oil ends up after China demand news

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    Brent crude oil ended up almost 1% on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling. Analysts and traders cautioned, however, that global economic data, especially out of Europe, …