• World Biz  |  SEPTEMBER 22, 2014 9:13 AM

    Emirates Airline plans US expansion

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    Emirates Airline, the largest international carrier, is planning an expansion that would make the US market one of its three largest sources of revenue, said Tim Clark, president of the Dubai-based carrier.

  • World Biz  |  SEPTEMBER 22, 2014 8:37 AM

    Siemens to acquire Dresser-Rand for RM24.6 billion

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    Siemens AG agreed to buy Dresser-Rand Group Inc for US$7.6 billion (RM24.6 billion) including debt as Europe’s largest engineering company is expanding its business with oil-and-gas equipment in the US. Siemens will pay US$83 a share in cash, the Munich-based …

  • Featured and Exclusive, Markets, World Biz  |  SEPTEMBER 22, 2014 8:37 AM

    Asian stocks rise, led by gains in New Zealand

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    Asian stocks rose for a second day, led by gains in New Zealand after its government was returned to power in an election.

  • Economy & World Biz  |  SEPTEMBER 22, 2014 8:27 AM

    Possible financial market risk due to low interest rates

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    Group of 20 finance chiefs and central bankers said low interest rates could lead to a potential increase in financial-market risk, as major economies rely on monetary stimulus to bolster uneven growth. “We are mindful of the potential for a …

  • Property  |  SEPTEMBER 22, 2014 8:16 AM

    Terengganu to build 170 units of PPRT terrace houses

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    The Terengganu State Government will start a Poor People's Housing Project (PPRT) with the construction of 170 units of PPRT homes would be built in 17 sate constituencies in Terengganu.

  • StockStalk  |  SEPTEMBER 22, 2014 8:00 AM

    SP Setia: Great car, no driver

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    Property developer SP Setia, arguably Malaysia's biggest property development name, needs no introduction. But can its strong brand, established through nearly two decades of stable, visionary leadership, survive the lack of a permanent CEO?

  • World Biz  |  SEPTEMBER 22, 2014 8:00 AM

    Multinationals have no immunity in China

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    China’s decision to impose a record fine on GlaxoSmithKline Plc signals that even the largest multinationals may not get off lightly in government investigations in Asia’s largest economy.

  • World Biz  |  SEPTEMBER 22, 2014 7:49 AM

    Long-term wariness over bonds due to Scots’ ‘no’ vote

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    The battle over the future of Scotland risks tainting UK government bonds for years to come. Scots’ rejection of independence last week failed to dispel concern that political turmoil is set to continue as Prime Minister David Cameron promised to …

  • Corporate & Property  |  SEPTEMBER 22, 2014 7:36 AM

    Kampung Pok residents vent anger at Forest City project

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    A public dialogue here today on theenviromental impact assessment (EIA) on the Forest City project in Johor turned out to be a very heated affair with Country Garden Pacific View (CGPV) Sdn Bhd,the main developer, having to face the ire of residents of Kampong Pok, who will be affected by it.

  • World Biz  |  SEPTEMBER 21, 2014 7:19 PM

    French-German visions for Europe to clash

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    Germany and France will try to reconcile divergent visions of how to fix Europe’s economy on Monday when Manuel Valls makes his first visit to Berlin as French prime minister and holds talks with Angela Merkel. The trip comes at a watershed moment, with the region struggling …

  • World Biz  |  SEPTEMBER 21, 2014 7:06 PM

    Relief over Scotland gives way to ‘Great Stagnation’

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    Scotland’s rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the “Great Stagnation”, and how to avoid it. The Group of 20 leading nations, …

  • World Biz  |  SEPTEMBER 21, 2014 4:11 PM

    Microsoft delays launch of its Xbox One in China

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    Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world’s biggest software company said it would be released by the end of the year. Microsoft did not give a reason …

  • World Biz  |  SEPTEMBER 21, 2014 4:07 PM

    China will not alter its economic policy

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    China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday. Lou made the remarks at a meeting of finance ministers and central bank governors from the G20 countries in Australia, according to a statement from …

  • World Biz  |  SEPTEMBER 21, 2014 4:02 PM

    EU, IMF in no mood for a Greek debt haircut

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    Greece’s international creditors have no appetite for considering a haircut as a way to lighten its debt load, the head of the European Stability Mechanism, the euro zone’s bailout fund organisaton, told Greek Sunday newspaper Realnews. Athens is anticipating further debt relief measures from …

  • World Biz  |  SEPTEMBER 21, 2014 3:05 PM

    S.Korea exports-imports rose nearly 10pct

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    South Korean exports and imports from Sept. 1-20 rose by nearly 10% each from the comparable period last year, official data showed on Sunday, an encouraging sign for the Korean and global economies. South Korean exports for the period rose 9.5%to US$29.748 billion and …

  • Commodities  |  SEPTEMBER 21, 2014 2:56 PM

    Supply concerns to affect buying sentiment

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    Concerns over regional supply would continue to affect buying sentiment on the Malaysian rubber market next week and this would dampen the prices, a dealer said. “The current declining pattern will likely continue next week due to high stockpile, particularly in Thailand. “The …

  • Finance  |  SEPTEMBER 20, 2014 9:17 PM

    Ringgit to weaken between 3.20 and 3.25

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    The ringgit is likely to be slightly weaker next week at between 3.20 and 3.25 against the US dollar, as investors react to the monetary policy meeting outcomes of Bank Negara Malaysia (BNM) and the US Federal Reserve System (Fed). Hong Leong Bank …

  • Commodities  |  SEPTEMBER 20, 2014 9:03 PM

    Gold futures to trade sideways; US economy normalises

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    Gold futures contracts on Bursa Malaysia Derivatives are expected to trade sideways next week as the US economy normalises while the effect of Scotland’s separation results hog the limelight, a dealer said. Phillip Futures Sdn Bhd dealer, Ahmad Danial Zainudin, said gold prices would …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 20, 2014 10:30 AM

    Surprise! Here’s your new MB, Selangor

    Here are some of our best stories this week — news, analyses and comments you won’t find anywhere else.

  • Commodities  |  SEPTEMBER 20, 2014 8:01 AM

    US crude falls on worries about glut, Brent gains

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    US crude oil and Brent traded in opposite directions on Friday as a sell-off ahead of Monday’s expiration kept US prices down, while discussions of OPEC cutting output put strength into the market overseas. With the two crudes trading lower in the morning, analysts and …