• World Biz  |  NOVEMBER 23, 2014 5:29 PM

    Falling inflation a worry for Europe but also the world

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    European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the US$13 trillion euro zone economy. A sickly Europe has held back global economic …

  • World Biz  |  NOVEMBER 23, 2014 5:23 PM

    Countdown to missed opportunity for EU economy

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    The countdown has begun to what threatens to be a missed opportunity to revive Europe’s stalled economy. When European Union leaders meet on Dec 18-19 under new management, they have a chance to launch a joint assault on the economic stagnation and high unemployment …

  • World Biz  |  NOVEMBER 23, 2014 5:12 PM

    Australia raises A$5.7 bil selling Medibank in IPO

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    Australia raised A$5.68 billion (US$4.9 billion) selling shares of Medibank Private Ltd. in the country’s second-largest initial public offering. The government sold about 2.7 billion shares in the country’s biggest health insurer at a price of A$2.15 apiece for institutional …

  • World Biz  |  NOVEMBER 23, 2014 5:06 PM

    5 of 16 listed Chinese banks raise deposit rates to ceiling

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    Five of 16 listed Chinese banks raised their one-year deposit rates to the ceiling of the regulatory benchmark, in a mixed response by lenders to China’s latest interest rate liberalization. China Citic Bank Corp., Ping An Bank Co., Huaxia Bank …

  • Corporate  |  NOVEMBER 23, 2014 1:45 PM

    5 M’sian firms dip their toes in Silicon Valley

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    The five Malaysian mid-tier companies on their ‘country-immersion visit’ to Silicon Valley organised by the Malaysia External Trade Development Corp (MATRADE) got first-hand exposure to the business environment and the latest technologies in the region. “It was our first exposure to this very …

  • Corporate  |  NOVEMBER 23, 2014 1:31 PM

    110% loan for PR1MA house buyers

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    Najib Razak said loan offers of as high as 110% will be extended to 1Malaysia Housing Project  (PR1MA) house buyers by selected financial institutions. The prime minister said this was a continuance of the government’s effort to help the people pertaining to …

  • Commodities  |  NOVEMBER 22, 2014 4:20 PM

    Gains in gold futures to remain limited

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    Cautious sentiment is expected to cloud the gold market next week with gains in gold futures contracts on Bursa Malaysia Derivatives remaining limited. Phillip Futures Sdn Bhd dealer Ahmad Danial Zainudin expects traders to react negatively towards European Central Bank chief, Mario Draghi …

  • OTHERS  |  NOVEMBER 22, 2014 4:15 PM

    Rubber consumption may help give an edge to prices

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    The Malaysian rubber market is expected to trade cautiously next week. A dealer said news that the main producer countries, namely Thailand, Malaysia and Indonesia, had decided to increase their rubber consumption, may help give an edge to prices. “Sentiment could also be …

  • Finance  |  NOVEMBER 22, 2014 4:11 PM

    Ringgit to trade higher against USD

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    The ringgit is expected to extend its recovery next week, driven by a bullish outlook on the local stock market and recovery signs in the Asian emerging currencies, a dealer said. Affin Hwang Investment Bank Vice-President and Head of Retail Research, Nazri Khan …

  • Markets  |  NOVEMBER 22, 2014 4:05 PM

    Share prices on Bursa to trade sideways

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    Share prices on Bursa Malaysia are likely to trade sideways next week and retest the 1,800 points level due to a slowing down in risk taking sentiment, the declining ringgit and falling commodity prices. Affin Hwang Investment Bank Vice-President and Head of Retail …

  • Commodities  |  NOVEMBER 22, 2014 3:23 PM

    KLTM to trade at US$20,000 a tonne

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    The tin price on the Kuala Lumpur Tin Market (KLTM) is expected to trade at the US$20,000 a tonne level next week on stronger overseas demand, a dealer said. He said European and Japanese traders are expected to help sustain the metal price …

  • Commodities  |  NOVEMBER 22, 2014 3:20 PM

    Expectations grow for OPEC production cut

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    Oil prices rose on Friday for their first weekly gain in two months with benchmark Brent crude returning to above US$80 a barrel after a rally triggered by China’s interest rate cut and speculation of an OPEC output cut. Brent rose US$1.03 to …

  • Editor's Picks & Featured and Exclusive  |  NOVEMBER 22, 2014 10:00 AM

    On ‘sponsored Datukships’ case, eyes on MACC

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    Earlier this week the New York Times (NYT) reported the confessions of a China-based mining company on how it greased local palms in order to move forward with its iron ore mining operations in Bukit Besi, Terengganu. Cue a statement …

  • Markets  |  NOVEMBER 22, 2014 9:19 AM

    Dow, S&P 500 end at records on central bank action

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    US stocks closed higher on Friday, with major indexes rising for a fifth straight week after China’s central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region’s economy. The Dow Jones industrial average …

  • Economy  |  NOVEMBER 22, 2014 9:14 AM

    Greece battles lenders over projected budget gap

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    Greece’s government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast. The government and the European Union and International Monetary Fund have been at loggerheads …

  • World Biz  |  NOVEMBER 22, 2014 9:00 AM

    Global M&A deals cross US$3 tril since 2007

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    Mergers and acquisition deals announced so far this year have topped US$3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors. The total value of deals globally jumped about 48% to US$3.06 trillion as of Nov. …

  • World Biz  |  NOVEMBER 22, 2014 8:50 AM

    China rate cut; European stimulus hints lift markets

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    World stock markets and oil prices rallied on Friday, fuelled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy. The jump …

  • World Biz  |  NOVEMBER 21, 2014 9:49 PM

    Volkswagen unveils RM360 bil investment plan

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    Volkswagen AG is to invest 85.6 billion euros (RM360.9 billion) in its automotive operations over the next 5 years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an austerity drive.

  • Corporate & Economy  |  NOVEMBER 21, 2014 9:43 PM

    Managed float system helps consumers enjoy cheaper fuel

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    The government's move to scrap petrol and diesel subsidies and decide on a managed float in determining retail fuel prices based on global crude oil prices will provide the flexibility for consumers to enjoy cheaper fuel given the current oil price slump.

  • Corporate  |  NOVEMBER 21, 2014 9:30 PM

    Allianz Malaysia 3Q14 pre-tax profit rise to RM112 mil

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    Allianz Malaysia Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 (3Q14) rose to RM112.05 million from RM98.73 million in the same period last year.