• Markets  |  MAY 5, 2015 11:39 AM

    KL shares remain higher at mid-morning

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained higher at mid-morning today on sustained buying interest in  some heavyweights. At 11.05 am, the key index rose 2.58 points to 1,820.85. Of the heavyweights, Maybank rose 4 sen to RM9.25, Axiata …

  • Markets & World Biz  |  MAY 5, 2015 11:27 AM

    Saudi sets ownership cap as bourse opens to foreigners

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    Foreign investors can own no more than 10% of Saudi Arabia’s stock market by value, the regulator said on Monday as it announced rules opening the US$575 billion (RM2.07 trillion) bourse to direct foreign investment next month. A single foreign …

  • Featured and Exclusive, Finance, Markets  |  MAY 5, 2015 11:10 AM

    Ringgit suffers largest decline in 3-weeks

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    Malaysia’s ringgit declined the most in three weeks as oil prices fell for a third day and data showing strength in the US economy boosted demand for the dollar. US factory orders rose in March by the most since July, …

  • Markets & World Biz  |  MAY 5, 2015 10:44 AM

    China’s crazy stock market, charted

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    Beijing Baofeng Technology – a Chinese tech company that specializes in making virtual reality headsets – has surged into the headlines thanks to a one-month share price chart that looks like a stairway to … share price heaven? The firm went public in March and its shares …

  • Finance & Markets  |  MAY 5, 2015 10:18 AM

    Ringgit opens lower against the US dollar

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    The ringgit opened lower against the US dollar on lack of buying support for the local note. At 9.16 am, the local unit was quoted at 3.5970/6000 versus the greenback compared with 3.5600/5630 at 5 pm on Thursday. The market was closed …

  • Economy & World Biz  |  MAY 5, 2015 10:13 AM

    US factory orders rebound but trend still weak

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    New orders for US factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the …

  • Markets  |  MAY 5, 2015 9:48 AM

    KL shares open higher on positive Wall Street news

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher in tandem with the positive Wall Street performance overnight. At 9.15 am, the key index was 6.27 points higher at 1,824.54 after opening 12.05 points better at 1,830.32. There were 212 gainers and …

  • World Biz  |  MAY 5, 2015 9:44 AM

    Morgan Stanley sees RM1 bil loss from Deutsche Bank lawsuit

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    Morgan Stanley said on Monday it could lose more than US$290 million (RM1.04 billion) from a lawsuit by Deutsche Bank National Trust Co over the quality of about US$735 million of the Wall Street firm’s mortgages. Deutsche Bank in April last year filed …

  • Markets & World Biz  |  MAY 5, 2015 9:30 AM

    Pimco loses title as world’s biggest bond fund

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    The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world’s biggest bond mutual fund, following two years of withdrawals. On Monday, Pacific Investment Management Inc said investors yanked another US$5.6 billion from its flagship …

  • Corporate & Featured and Exclusive  |  MAY 5, 2015 9:12 AM

    ‘Premature to speculate on MAS’ fleet sale or lease’

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    Malaysia Airlines today said recent speculation on the airline offering some of its fleet for sale or lease is too premature when nothing concrete has been achieved. In fact, exploring fleet options to enhance viability of long haul sectors is one area being …

  • Corporate & Featured and Exclusive  |  MAY 5, 2015 8:54 AM

    Ahmad Shabery: Users should get full value from top-ups

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    Communication and Multimedia Minister Ahmad Shabery Cheek will ensure the people can enjoy the purchaseof telephone prepaid value-added cards with the formula, ‘buy RM10, get RM10′. He said the stand would be forwarded during a meeting with heads of telecommunication …

  • Commodities  |  MAY 5, 2015 8:34 AM

    Gold rebounds from 6-week low on weak data in China

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    Gold climbed 1% on Monday, buoyed by weak Chinese factory data and earlier dollar weakness, lifting prices above the prior session’s six-week low, though caution over the timing of a US interest rate hike kept prices hemmed within a narrow …

  • Finance & Markets  |  MAY 5, 2015 8:26 AM

    US dollar rises as data suggests US economy stabilising

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    The dollar rose for a second straight session on Monday in thin trading, after data suggesting the US economy might be stabilizing following a soft patch in the first quarter helped the dollar recover after a two-week drop. The greenback …

  • Commodities & Featured and Exclusive  |  MAY 5, 2015 8:09 AM

    Brent hits 2015 high before settling down

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    Brent oil hit a 2015 high before settling down with US crude on Monday as Saudi Arabia’s plan to halt bombing in Yemen eased tensions over the security of oil Middle East supplies. A stronger dollar, following the largest US …

  • Featured and Exclusive & Markets  |  MAY 5, 2015 7:51 AM

    Wall Street ends higher, boosted by Berkshire results

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    Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald’s declined after the fast-food chain’s turnaround plan left investors wanting more. Berkshire Hathaway Inc rose 1.62%, giving the biggest boost to the …

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

    China optimism sees record inflows into HK stock ETFs

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    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

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    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

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    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

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    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

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    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’

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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’

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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?

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    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

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    [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

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    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

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    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

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    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

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    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

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    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

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    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

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    [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

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    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 …