• Markets & World Biz  |  APRIL 18, 2014 1:17 PM

    Asian shares up on easing Ukraine tensions

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    Asian stocks climbed, with the Topix index set for its biggest weekly advance this month, amid easing tension in Ukraine. South Korea’s won rose, while credit risk in Japan fell and rubber dropped to the lowest since 2012. The MSCI …

  • Markets  |  APRIL 18, 2014 1:06 PM

    Shares end slightly higher at noon bell

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      Bursa Malaysia ended the morning session marginally higher today on lacklustre trading amid closure of most regional stock markets in observance of Good Friday. At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.11 points better at 1,851.65. It had …

  • Markets  |  APRIL 18, 2014 1:02 PM

    Dollar set for weekly gain as data supports Fed taper pace

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    The dollar headed for weekly gains against the euro and the yen as improving economic data backed speculation the Federal Reserve will remove stimulus this year. The greenback rose for a fifth day yesterday against a basket of peers after data showed …

  • Markets  |  APRIL 18, 2014 12:54 PM

    Asian currencies drop on Ukraine crisis, US recovery

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    Asian currencies were headed for the first weekly loss in almost a month as conflict in Ukraine and a strengthening U.S. economy spurred demand for dollars. After four-way talks on the Ukraine crisis produced an accord yesterday aimed at de-escalating …

  • Markets  |  APRIL 18, 2014 12:41 PM

    Japan’s Nikkei up on upbeat US economic data

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    Japan’s Nikkei share average advanced on Friday after upbeat US economic data and corporate earnings bolstered investors’ risk appetite. The Nikkei was up 0.4 percent at 14,474.83 in midmorning trade after ending flat at 14,417.53 the previous day. For the week, the Nikkei …

  • World Biz  |  APRIL 18, 2014 12:33 PM

    Facebook to alert users when friends are nearby

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    Facebook Inc. will let people know when their friends are nearby via smartphone notifications, adding features for its growing base of mobile users. Consumers can customize the tool, called Nearby Friends, to see a certain group of people for a …

  • Markets  |  APRIL 18, 2014 12:28 PM

    China shares dip on real estate cooling

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    China shares fell slightly on Friday, weighed down by property stocks after home price data for March showed a further cooling in the real estate sector. By midday, the Shanghai Composite Index was down 0.1  percent at 2,096.30 points. The CSI300 index …

  • Corporate  |  APRIL 18, 2014 12:21 PM

    Kenanga neutral on Nestle despite decent 1Q14 showing

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    Kenanga Research is neutral on the near-term outlook of Nestle (M) Bhd despite the latter’s decent first-quarter performance since consumers may become increasingly price-sensitive due to increasing living costs. In a note today, the research firm also maintained a target price of RM72.80 per …

  • Corporate, Economy, Featured and Exclusive  |  APRIL 18, 2014 12:13 PM

    ‘Msia-Turkey FTA to triple trade within five years’

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    The Malaysia-Turkey Free Trade Agreement has opened a new chapter in bilateral ties between the two countries, said Prime Minister Najib Razak. Najib said his second visit to Turkey, which aimed to enhance bilateral cooperation particularly through the free trade agreement (FTA), has …

  • OTHERS  |  APRIL 18, 2014 11:45 AM

    Sharp plans mega solar plant near Fukushima nuclear plant

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    Sharp Corp. said Thursday it will build a 2,200-kilowatt mega solar power plant in Tomioka town in northeastern Japan in an evacuation advisory area near the crippled Fukushima No. 1 nuclear plant. Under an agreement signed with the town in Fukushima Prefecture, …

  • Corporate  |  APRIL 18, 2014 11:43 AM

    Salcon rise in early session on Langat 2 job win

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    Salcon Bhd share price rose in early trading Friday after its joint venture company, Salcon MMCB AZSB JV Sdn Bhd, accepted a contract award from Pengurusan Aset Air Bhd. The contract is for the development of the Langat 2 Water Treatment Plant and …

  • Markets  |  APRIL 18, 2014 11:39 AM

    Shares rise on fresh interest at mid-morning

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    Trading on Bursa Malaysia were higher at mid-morning today on fresh buying interests. At 11.02am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.29 points to 1,852.83. It had opened 1.84 points lower at 1,848.7. In a note today, JF Apex …

  • Markets & World Biz  |  APRIL 18, 2014 10:05 AM

    Yen slips to 10-day lows on easing fears

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    The yen slipped to 10-day lows against the dollar on Friday after speculators unwound some safe-haven trades following upbeat U.S. economic data and on hopes for a diplomatic initiative seeking an end to violence in Ukraine. The dollar traded at 102.43 yen, and has …

  • Commodities  |  APRIL 18, 2014 10:00 AM

    Lack of buying interest for gold, say dealers

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    Gold futures contracts opened untraded this morning on lack of buying interest for the precious metal, dealers said. At 9.30am, April 2014 was untraded and pegged at RM135.25 a gramme. May 2014, June 2014 and July 2014 were also untraded and …

  • Corporate  |  APRIL 18, 2014 9:47 AM

    Taiwan’s KKBOX eyes Msian prepaid user segment

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    KKBOX, Taiwan’s digital music provider, is gearing up to penetrate the prepaid user segment with the introduction of its music library applications (apps). Chief Executive Officer, Chris Lin, said the company has focused on the prepaid user segment in Malaysia as it …

  • Markets  |  APRIL 18, 2014 9:41 AM

    Ringgit opens lower against US Dollar

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    The ringgit opened lower against the US dollar today on inadequate buying support, dealers said. At 9am, the local unit was quoted at 3.2380/2400 against the US dollar compared with Thurday’s 3.2370/2390. The dealer said the ringgit was higher against a basket …

  • Markets  |  APRIL 18, 2014 9:39 AM

    Bursa Malaysia opens weaker

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      Trading on Bursa Malaysia was weaker in early session today, weighed down by losses led by the finance index. At 9.13am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.71 points easier at 1,847.83 after opening 1.84 points lower at …

  • World Biz  |  APRIL 18, 2014 8:50 AM

    Sony’s PS4 outsold Microsoft’s Xbox One again

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    Sony Corp.’s PlayStation 4 outsold Microsoft Corp.’s Xbox One game console in the U.S. in March, holding the lead for a third month, as its rival tempted consumers with discounts and a popular new game. Sony fended off the hot-selling …

  • Corporate & Featured and Exclusive  |  APRIL 18, 2014 8:35 AM

    Khazanah’s Turkey investments grow in value

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    The current market value of Khazanah Nasional Bhd’s investments in Turkey has appreciated to more than US$2.0 billion (RM6.4 billion) from the original US$1.4 billion (RM4.5 billion) investments, thanks to strong bilateral and commercial relations between Malaysia and Turkey. These investments, made since …

  • Markets  |  APRIL 18, 2014 8:09 AM

    Yen slips with Ukraine worries; pound hits 4-1/2-year high

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    The yen fell on Thursday as efforts toward finding a diplomatic solution to ending violence in eastern Ukraine prompted traders to trim safe-haven yen holdings ahead of the Easter holiday weekend. Trading volumes faded before an extended weekend in the …