• Economy & World Biz  |  DECEMBER 26, 2014 8:53 AM

    Saudi shrugs off oil plunge with big spending 2015 budget

    Story by

    Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first detailed look at how the world's top oil exporter aims to handle an era of cheap oil.

  • Featured and Exclusive & Issues  |  DECEMBER 26, 2014 7:00 AM

    Bursa Malaysia: Points of weakness

    Story by
    [email protected]

    Some analysts are finding there is little to entice investors in the plantations and construction industries.

  • Economy  |  DECEMBER 25, 2014 12:06 PM

    Bulls return to ETF as rouble’s decline halted

    Story by

    Investors are piling into the biggest exchange-traded fund tracking Russian equities at the fastest pace in more than a year as government measures to stabilize the rouble ease concern that there will be a prolonged stock rout. Asset managers added …

  • Finance & World Biz  |  DECEMBER 25, 2014 11:47 AM

    4 US banks sued over subprime securities

    Story by

    Wells Fargo & Co, HSBC Holdings Plc, Bank of New York Mellon Corp and Deutsche Bank AG were sued by an Irish securities firm that claims the banks failed to protect investors in their role as trustees of securities backed …

  • World Biz  |  DECEMBER 25, 2014 11:38 AM

    Uber a ‘criminal enterprise’, say Philadelphia cab owners

    Story by

    Uber Technologies Inc, facing a legal backlash as it expands globally, was called a “criminal enterprise” in a lawsuit by Philadelphia cab companies seeking to block the on-demand car service from operating in the city. “Not since the days of …

  • Commodities & World Biz  |  DECEMBER 25, 2014 11:28 AM

    Russia’s Gazprom sees gas production at all-time low

    Story by

    Russian gas giant Gazprom, hurt by Western sanctions over the Ukraine crisis and a long-running dispute with Kiev over prices, expects to produce the lowest amount of gas in its history this year. Company spokesman Sergei Kupriyanov told reporters on …

  • Finance  |  DECEMBER 25, 2014 11:13 AM

    China’s bankers enjoy first pay hike since financial crisis

    Story by

    Chinese investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in China-related deals, but salaries and bonuses still trail far behind those paid by Western banks. …

  • Finance  |  DECEMBER 25, 2014 11:06 AM

    BOJ calls for fiscal reform amid tax hike delay

    Story by

    Bank of Japan board members made a rare call on the government to steadily promote measures to restore the country’s tattered finances three weeks after expanding monetary stimulus, minutes of their November meeting showed. The November rate review was held …

  • Commodities  |  DECEMBER 25, 2014 11:01 AM

    Gold drops near 3-week low on more strong US data

    Story by

    Gold fell near a three-week low on Wednesday as the latest piece of strong US economic data fed the view that the Federal Reserve may bring forward the timing of a hike in US interest rates. US Labour Department data …

  • Markets  |  DECEMBER 25, 2014 10:53 AM

    Wall St ends flat in short session, Dow ekes out record close

    Story by

    US stocks closed flat in a short session on Wednesday as investors found few reasons to push major indexes to their sixth straight day of gains despite strength in biotechs and bullish labor market data. While both the S&P 500 …

  • Markets  |  DECEMBER 25, 2014 10:48 AM

    Dollar retreats from highest levels in nearly 9 years

    Story by

    Investors trimmed dollar positions during the Christmas holiday lull on Wednesday, pulling the greenback down from its highest point in nearly nine years after strong US economic growth data on Tuesday solidified views of coming Fed rate increases. The dollar …

  • Commodities  |  DECEMBER 25, 2014 10:44 AM

    Oil slides, Brent tests US$60 as data shows glut building

    Story by

    Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in. Oil whipped lower early in the day and …

  • Issues  |  DECEMBER 25, 2014 7:30 AM

    Big isn’t always better: A tale of Bursa’s small caps

    Story by
    [email protected]

    Did Bursa Malaysia’s small and medium cap stocks give the returns investors were looking for this year? That would depend on how well investors timed their entry and exit. KiniBiz takes a look at the year in review and goes through small and medium cap recommendations for next year.

  • Corporate  |  DECEMBER 24, 2014 10:28 PM

    Mitrajaya unit bags RM186.6 mil BNM contract

    Story by

    Mitrajaya Holdings Bhd's wholly owned subsidiary, Pembinaan Mitrajaya Sdn Bhd has secured a contract to design, construct, commission and complete the Bank Negara Malaysia’s (BNM) Business Operation Complex in Kuala Lumpur worth RM186.8 million.

  • Corporate  |  DECEMBER 24, 2014 10:26 PM

    Prasarana takes delivery of 6-car train this Saturday

    Story by

    Prasarana Malaysia Bhd will receive its first new six-car light rail vehicle this Saturday.

  • Opinion  |  DECEMBER 24, 2014 7:00 PM

    Secondary schools’ primary importance

    Story by

    DHAKA – The world has made remarkable progress in providing primary education to children worldwide. In the 1960s, fewer than half of the developing world’s children were enrolled in primary school. Today, more than 90% are. In many regions, a …

  • Markets  |  DECEMBER 24, 2014 6:20 PM

    Ringgit ends almost flat against US$

    Story by

    As at 5 pm, the ringgit was quoted at 3.4955/4975 vis-a-vis the greenback from 3.4950/4970 on Tuesday.

  • Markets  |  DECEMBER 24, 2014 6:04 PM

    KL shares end higher on Christmas eve

    Story by

    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) brings cheers on Christmas eve today by staging a fairly muted response to Wall Street breaching the 18,000 mark yesterday, dealer said.

  • Commodities  |  DECEMBER 24, 2014 6:02 PM

    Rubber market ends mixed

    Story by

    Malaysian rubber prices closed the half-day market today mixed in quiet trading ahead of the Christmas holiday.

  • World Biz  |  DECEMBER 24, 2014 5:20 PM

    Takata president to step down

    Story by

    Takata Corp, the airbag maker embroiled in millions of recalls worldwide, said its president Stefan Stocker would step down and its chairperson will assume the role to unify the company's response to the crisis.