• Featured and Exclusive & World Biz  |  OCTOBER 23, 2014 11:00 AM

    Alibaba’s Ma said to push for online Hollywood content

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    Billionaire Jack Ma is stepping up his Hollywood dealmaking push, leading a team of Alibaba Group Holding Ltd executives meeting with studios to acquire online content, people with knowledge of the situation said.

  • Corporate, Featured and Exclusive, Markets  |  OCTOBER 23, 2014 10:15 AM

    CIMB & MBSB shares drop after EPF barred from vote

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    Shares of Malaysia's CIMB Group Holdings Bhd dropped nearly 2.2% on Thursday after local media reported the Employees Provident Fund (EPF), a key shareholder in CIMB, may be forced to cut its stake to help facilitate a planned merger.

  • Markets  |  OCTOBER 23, 2014 9:53 AM

    Ringgit opens lower against US dollar

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    The ringgit opened lower against the greenback this morning, dampened by weak buying momentum, a dealer said.

  • Markets  |  OCTOBER 23, 2014 9:41 AM

    Shares on Bursa rebound to open higher

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    Share prices on Bursa Malaysia rebounded to open higher this morning amid positive sentiment and in line with regional peers, dealers said. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,807.41, rising 11.19 points, after opening 4.94 …

  • Corporate, Featured and Exclusive, World Biz  |  OCTOBER 23, 2014 9:12 AM

    Caterham threatens to sue Tony Fernandes

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    The Caterham Formula One team looked close to collapse on Wednesday with management threatening to walk away and take legal action against Malaysian founder Tony Fernandes. An explosive Caterham F1 statement accused Fernandes of never completing a formal transfer of …

  • Featured and Exclusive & World Biz  |  OCTOBER 23, 2014 9:00 AM

    Google launches new email service called “Inbox”

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    Google Inc launched an email service called "Inbox" on Wednesday that will better organise emails and display information such as appointments, flight bookings and package deliveries in a more user-friendly way.

  • Finance & Markets  |  OCTOBER 23, 2014 7:36 AM

    US dollar gains on uptick in US CPI

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    The US dollar extended broad-based gains on Wednesday after marginally higher-than-expected US inflation data coupled with earlier concerns over European banks sent the greenback to one-week highs against the euro.

  • Featured and Exclusive & Markets  |  OCTOBER 23, 2014 7:35 AM

    US stocks fall after shooting at Canadian Parliament

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    US stocks erased earlier gains to close lower on Wednesday as a shooting at the Canadian Parliament unnerved investors, Boeing and Biogen sold off following results, and energy stocks fell along with oil prices.

  • Commodities  |  OCTOBER 23, 2014 7:30 AM

    Gold drops on dollar rise, easing physical demand

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    Gold dropped on Wednesday, snapping a two-day rise as weak US inflation data and a dollar rise prompted bullion investors to take profits after the previous session's six-week high.

  • Commodities & Featured and Exclusive  |  OCTOBER 23, 2014 7:14 AM

    Crude oil plunges to US$80.52 a barrel

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    Oil prices fell sharply on Wednesday, with US crude approaching US$80 a barrel after data showed a second big jump in weekly US crude stockpiles.

  • Corporate, Featured and Exclusive, Singapore  |  OCTOBER 22, 2014 10:40 PM

    M’sia-S’pore high speed rail details to be finalised next year

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    Malaysia will start finalising details with Singapore on the upcoming high speed rail (HSR) project in the first quarter of next year.

  • World Biz  |  OCTOBER 22, 2014 8:35 PM

    Italy celebrates truffle boom amid economic gloom

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    Even in the midst of the longest economic slump since World War II, Italian gourmands have something to celebrate: truffles, plenty of them. Prices for the country’s white truffles, a delicacy from New York to Moscow, have dropped about 37% …

  • World Biz  |  OCTOBER 22, 2014 8:24 PM

    Boeing quarterly profit jumps 18%; ups 2014 earnings view

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    Boeing Co reported an 18% increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand. The company earned US$1.36 billion (RM4.4 billion), or US$1.86 per share, for the third quarter …

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 22, 2014 8:15 PM

    Fears for tough penalties grow as India cleans up business

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    An unprecedented ban on India’s largest property developer from tapping capital markets has fuelled expectations of tougher penalties ahead, as the country’s regulators feel emboldened to take on even companies long sheltered by political connections. The result has been a …

  • Corporate  |  OCTOBER 22, 2014 7:58 PM

    Maybank BII sees 6.7% rise in operating profit

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    Maybank’s Indonesian banking unit, PT Bank Internasional Indonesia Tbk (BII) has reported a 6.7 per cent increase in operating profit to Rp2.05 trillion (RM556.2 billion) for the nine month period ended Sept 30, 2014 from Rp1.92 trillion in the corresponding …

  • Opinion  |  OCTOBER 22, 2014 7:53 PM

    Modi’s little bang reforms

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    For Indian Prime Minister Narendra Modi, Diwali came early this year when his Bharatiya Janata Party won crucial elections in the states of Maharashtra and Haryana. He’s celebrated with a bang — a little one. On Oct 18, a day …

  • Opinion  |  OCTOBER 22, 2014 7:44 PM

    Unleashing Africa’s girl power

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    MAPUTO – Sub-Saharan Africa’s economies have boomed in recent years. But the headline figures often mask longer-term problems – not least, an over-reliance on natural resources and chronic inequalities. Inclusive, sustainable growth is achievable, but only by tapping the continent’s …

  • Opinion  |  OCTOBER 22, 2014 7:30 PM

    Your data or your life

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    LONDON – Apple’s new watch keeps track of your health. Google Now gathers the information needed to compute the ideal time for you to leave for the airport. Amazon tells you the books you want, the groceries you need, the …

  • Commodities, Economy, Featured and Exclusive  |  OCTOBER 22, 2014 4:59 PM

    Modi takes first bite at coal to end India’s power mess

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    India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world’s fifth-largest coal reserves, a source familiar with the matter said. …

  • Featured and Exclusive & Finance  |  OCTOBER 22, 2014 4:49 PM

    At least 11 banks to fail European stress tests

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    At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the …