• Commodities & Featured and Exclusive  |  OCTOBER 21, 2014 7:39 AM

    Oil falls below US$86 a barrel

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    Brent crude fell on Monday, dropping below US$86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. US crude hovered below US$83 a barrel.

  • Commodities  |  OCTOBER 21, 2014 7:26 AM

    Gold up on physical bids, breaks 2-day drop

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    Gold rose on Monday, snapping two straight losing sessions, boosted by a fall in the dollar and renewed physical demand related to Diwali, India's major bullion-buying event this week.

  • Finance & Markets  |  OCTOBER 21, 2014 7:21 AM

    Dollar extends modest losses

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    Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen.

  • Markets  |  OCTOBER 21, 2014 7:15 AM

    US stocks end higher despite drag from IBM

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    US stocks ended higher on Monday on investor hopes for a strong earnings season, but IBM's disappointing results limited gains.

  • World Biz  |  OCTOBER 20, 2014 9:50 PM

    Airbus markets VIP cabin concept for A330-200

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    Airbus Group NV has begun marketing a new VIP cabin concept for its A330-200 wide-body, which offers luxury comforts in the front of the plane, while providing airline-style seating at the rear.

  • Commodities  |  OCTOBER 20, 2014 9:28 PM

    Iran sees no need for emergency OPEC meeting

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    Iran, which faces sanctions on crude exports, sees no need for the Organisation of Petroleum Exporting Countries (OPEC) to hold an emergency meeting, a sign that markets may need to wait a month before the world’s biggest producer group responds to falling prices.

  • Economy  |  OCTOBER 20, 2014 9:10 PM

    Russia to reject terms to end sanctions after Ukraine talks

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    Russia’s foreign minister said his country won’t accept conditions to end sanctions, after talks in Italy failed to produce a breakthrough over the truce in Ukraine’s conflict-ridden east.

  • World Biz  |  OCTOBER 20, 2014 8:41 PM

    BOE halts electronic transfer after discovering fault

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    The Bank of England (BOE) suspended a “critical” part of the system that handles 575 billion pounds (RM3 trillion) of daily payments between the country’s banks, citing a technical failure.

  • World Biz  |  OCTOBER 20, 2014 8:26 PM

    eBay’s director Andreessen quits

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    eBay Inc said venture capitalist Marc Andreessen will quit its board, after the online retailer announced last month that it is spinning off its electronic payment unit, PayPal.

  • Corporate  |  OCTOBER 20, 2014 8:07 PM

    CIMB PE invests in 7-Eleven franchise in Indonesia

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    CIMB Private Equity (CIMB PE) has acquired a minority stake in PT Modern Internasional Tbk (MDRN), the listed retail operator and owner of the 7-Eleven convenience store franchise in Indonesia.

  • Economy & Finance  |  OCTOBER 20, 2014 7:56 PM

    ECB said to have bought French covered bonds

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    The European Central Bank (ECB) bought covered bonds for the first time since president Mario Draghi unveiled an asset purchase programme last month.

  • World Biz  |  OCTOBER 20, 2014 7:37 PM

    Prudential to invest in RM5.3bil UK tidal power plant

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    Prudential Plc, the largest UK insurer by market value, today said it’s investing in the construction of a tidal lagoon power plant that may generate as much as 8% of Britain’s electricity.

  • Issues  |  OCTOBER 20, 2014 7:34 PM

    Coming out of “retirement”

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    [email protected]

    Former long-time SP Setia boss Liew Kee Sin, now a director in fast-rising Eco World Development Group, is working on a special purpose acquisition company (Spac) eyeing the international property scene. KiniBiz looks at Liew’s line-up for this purpose, which shapes up to be a heavyweight ensemble.

  • World Biz  |  OCTOBER 20, 2014 7:14 PM

    Tesla to sell cars online in China

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    Tesla Motors Inc began taking online orders for its Model S electric car in China today. It is joining General Motors Co and Volkswagen AG in selling vehicles through Alibaba Group Holding Ltd’s online shopping mall.

  • Economy  |  OCTOBER 20, 2014 6:57 PM

    “There is no certainty that the GST will cause prices to rise”

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    There is a likelihood that the implementation of the Goods and Services Tax (GST) will not raise the inflation rate, given the long zero-rated and exempt list, a tax consultant said.

  • Corporate  |  OCTOBER 20, 2014 6:35 PM

    VW M’sia looks to export CKD regionally next year

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    Volkswagen Group Malaysia Sdn Bhd is looking to export its completely knocked down (CKD) models regionally from next year.

  • Commodities  |  OCTOBER 20, 2014 6:17 PM

    Rubber prices end higher

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    The Malaysian rubber market ended higher today, boosted by a series of measures announced by the Thailand government to help rubber farmers in the country, dealers said.

  • Markets  |  OCTOBER 20, 2014 6:09 PM

    Ringgit closes higher against US dollar

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    The ringgit ended higher against the US dollar today on strong buying interest, in sync with most emerging Asian currencies, dealers said.

  • Markets  |  OCTOBER 20, 2014 6:04 PM

    KL shares close higher, CI up 14.83 points

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    Bursa Malaysia closed higher today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) up 14.83 points, or 0.83%, to 1,803.14.

  • Corporate  |  OCTOBER 20, 2014 6:01 PM

    DiGi’s 3Q net profit rises 8.5% on higher internet revenue

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    [email protected] Bhd recorded a net profit growth of 8.5% on the back of higher revenue of RM1.8 billion as internet revenue growth leads.