• Featured and Exclusive & Opinion  |  MARCH 6, 2015 11:53 AM

    Economists’ biggest failure

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    One of the biggest things that economists get grief about is their failure to predict big events like recessions. Back in 2008, the Queen of England took the London School of Economics to task for missing the financial crisis.

  • World Biz  |  MARCH 6, 2015 11:34 AM

    Mobile money still has some way to go for the ‘unbanked’

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    Globally, an estimated 2.5 billion people don't have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the "unbanked" to store cash, manage their accounts, make purchases and send and receive money - part of so-called "financial inclusion".

  • Corporate  |  MARCH 6, 2015 10:50 AM

    Forst & Sullivan bullish on Malaysia

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    Frost & Sullivan is bullish on Malaysia's potential, not only as the growth driver for the company but as a springboard to strengthen its position within the Asia Pacific region, moving forward.

  • World Biz  |  MARCH 6, 2015 10:36 AM

    Sharp asks turnaround fund to take stake up to RM914 mil

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    Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen (RM914 million) to help with the loss-making electronics maker's restructuring, the Nikkei business daily reported.

  • Markets  |  MARCH 6, 2015 9:44 AM

    KL shares open higher on renewed buying interest

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher on renewed buying interest, dealers said.

  • Markets  |  MARCH 6, 2015 9:36 AM

    Ringgit opens lower against US dollar

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    The ringgit opened lower against the US dollar this morning as the greenback remained firm against other major currencies ahead of US employment report for February, due later today.

  • Economy & World Biz  |  MARCH 6, 2015 9:27 AM

    UK permanent employment grows at fastest pace since Oct

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    The number of Britons finding permanent jobs through recruitment agencies grew in February at the fastest pace since October and stiff competition for candidates continued to push up starting salaries, a survey showed on Friday.

  • Markets & World Biz  |  MARCH 6, 2015 9:10 AM

    Iceberg Research sees more writedowns by Noble

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    Iceberg Research, the little known research outfit that has criticised commodity trader Noble Group for its accounting practices, said it sees more writedowns the company's investment in Yancoal Australia.

  • Economy & Markets  |  MARCH 6, 2015 8:55 AM

    Markets rally on ECB pledge to buy bonds past 2016

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    Euro zone financial markets rallied on Thursday after European Central Bank (ECB) chief Mario Draghi pledged to buy government bonds beyond 2016 if necessary to achieve the goal of reflating the economy.

  • Commodities  |  MARCH 6, 2015 8:27 AM

    Gold falls below US$1,200 an ounce

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    Gold eased on Thursday, changing direction and falling below US$1,200 an ounce as short-covering dried up after buoying prices following the European Central Bank's (ECB) announcement that it will lift its 2016 inflation forecast.

  • Featured and Exclusive & Markets  |  MARCH 6, 2015 8:18 AM

    US dollar near 11-year highs against major currencies

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    The dollar hovered at 11-year highs against a basket of major currencies early on Friday and could extend gains if non-farm payrolls due later in the day support the case for a rise in US interest rates in coming months.

  • Commodities  |  MARCH 6, 2015 8:02 AM

    Oil falls in volatile trade on supply concerns, Iran deal

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    Oil closed lower on Thursday in volatile trade, as a soaring dollar and the US pursuit of an Iranian nuclear deal offset earlier gains from supply concerns in Libya and Iraq.

  • Issues  |  MARCH 6, 2015 8:00 AM

    Is the ringgit undervalued?

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    Although the ringgit is at a six year low, analysts believe the factors contributing to it appear to be short-term and that this has led to it being undervalued.

  • Markets  |  MARCH 6, 2015 7:48 AM

    Wall St closes up slightly ahead of US jobs report

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    US stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday's jobs report, which is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike.

  • StockStalk  |  MARCH 6, 2015 7:30 AM

    Media Prima: Bracing for a challenging year

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    The country’s largest media group is bracing itself for a tough 2015 as the print and TV segments are expected to experience some challenges, some of which were present last year. Should investors spurn the stock or take the plunge?

  • Corporate & Featured and Exclusive  |  MARCH 5, 2015 9:14 PM

    1MDB says no decision to wind-up

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    According to a 1MDB spokesperson, the firm remains committed to achieving the objectives outlined in its strategic review, which was unveiled last month.

  • World Biz  |  MARCH 5, 2015 9:04 PM

    BMW denies talks with Apple involve developing cars

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    German carmaker BMW said on Thursday its talks with technology giant Apple did not involve developing or building a car, denying a German magazine report.

  • World Biz  |  MARCH 5, 2015 8:56 PM

    China to allow unprofitable firms to go public

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    China's top securities regulator Xiao Gang said on Thursday the country is revising its securities law to allow unprofitable companies to sell shares publicly, the official Shanghai Securities News reported on its website.

  • Corporate, Featured and Exclusive, Finance  |  MARCH 5, 2015 8:26 PM

    Petronas begins RM62 bil bond, sukuk drive

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    Malaysian energy company Petronas began roadshows on Thursday to raise up to US$17 billion (RM62 billion) from conventional and Islamic bonds, or sukuk, for working capital.

  • Corporate  |  MARCH 5, 2015 8:20 PM

    Alam Maritim bags 2-year Petronas Carigali contract

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    Alam Maritim Resources Bhd's wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, has bagged a contract from Petronas Carigali Sdn Bhd for the provision of spot charter marine vessels.