• Markets  |  SEPTEMBER 15, 2014 9:56 AM

    Ringgit opens lower against US dollar

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    The ringgit opened lower against the US dollar this morning as demand shifted to the greenback.

  • Markets  |  SEPTEMBER 15, 2014 9:53 AM

    KL shares open lower in early trade

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    Share prices on Bursa Malaysia opened lower today prompted by the weak performance on Wall Street at last week's closing.

  • World Biz  |  SEPTEMBER 15, 2014 8:32 AM

    Sinopec to sell RM55 bil stake in its retail unit

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    Sinopec Corp will sell a 107.1 billion yuan (RM55.8 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.

  • World Biz  |  SEPTEMBER 15, 2014 8:18 AM

    Air France faces worst strike since 1998

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    Air France said it’s bracing for the most disruptive strike since 1998 today as pilots walk out over management plans to expand low-cost operations using flight crew paid less than at the mainline carrier.

  • StockStalk  |  SEPTEMBER 15, 2014 8:00 AM

    Parkson: On the road to recovery

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    Under the stewardship of its founder William Cheng, Parkson Holdings Bhd (PHB) appears set for a brighter future. However, can the department stores operator recover fast enough to convince investors of its regional retail story?

  • Featured and Exclusive & World Biz  |  SEPTEMBER 15, 2014 7:50 AM

    iPhone 6 customers face delays due to record orders

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    Customers may have to wait three to four weeks to get their hands on Apple Inc's iPhone 6 Plus, after a record number of orders for the company's latest smartphones strained available supply.

  • Corporate, Featured and Exclusive, World Biz  |  SEPTEMBER 15, 2014 7:31 AM

    Heineken rebuffs takeover offer by SABMiller

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    SABMiller Plc was rebuffed in an attempt to buy smaller brewer Heineken NV. who confirmed in a statement that it turned down the offer and said it intends to remain independent.

  • World Biz  |  SEPTEMBER 14, 2014 9:04 PM

    Growing foreign fund; potential source of risk

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    The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behaviour that can exacerbate asset price fluctuations, a BIS report said on Sunday. In its quarterly review, the Bank for International Settlements said the …

  • World Biz  |  SEPTEMBER 14, 2014 7:15 PM

    Abe to remain neutral with hike in sales tax to 10pct

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    Japanese Prime Minister Shinzo Abe said on Sunday he remained “neutral” on whether to proceed with a hike in Japan’s sales tax to 10%, adding that decision would hinge on the strength of economic indicators for the current quarter. “The economy is a living thing and we are thinking about this in a …

  • World Biz  |  SEPTEMBER 14, 2014 7:02 PM

    World waits for white smoke from US Fed

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    The US Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. As the US economy picks …

  • World Biz  |  SEPTEMBER 14, 2014 6:44 PM

    J Trust selected as bidder for Indonesia’s Bank Mutiara

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    Japan’s J Trust Co Ltd said it has been selected as a bidder for Indonesia’s PT Bank Mutiara Tbk and will be allowed to have full ownership of the Indonesian bank. Bank Mutiara, previously known as Bank Century, was bailed out by the Indonesian …

  • Commodities  |  SEPTEMBER 14, 2014 6:36 PM

    Ample opportunities in palm oil industry – Uggah

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    There are ample opportunities to explore investment in the palm oil industry in valued-added downstream activities such as oleo chemicals, pharmaceuticals, processed food, speciality products and even consumer products, said Minister of Plantation Industries and Commodities Amar Douglas Uggah Embas. Speaking to the Chinese …

  • Featured and Exclusive & Property  |  SEPTEMBER 13, 2014 3:55 PM

    ‘Housing minister betrayed public with BTS U-turn’

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    Abdul Rahman Dahlan, the minister of urban wellbeing, housing and local government has betrayed the public by making a U-turn on the government’s promises to implement the BTS (build then sell) 10:90 housing delivery system in 2015, said Mohamed Rafick Khan, …

  • World Biz  |  SEPTEMBER 13, 2014 1:43 PM

    JPMorgan hackers accessed servers but stole no money

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    Hackers accessed dozens of servers at JPMorgan Chase & Co in a cyberattack launched in June, though no money was taken, the New York Times reported on Friday, citing people familiar with the investigation into the case. “We are confident we have closed any known access …

  • Commodities  |  SEPTEMBER 13, 2014 1:23 PM

    M’sia’s palm oil exports to China hit 1.3mil

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    Malaysia exported a total of 1.3 million tonnes of palm oil and palm-based products valued at RM3.5 million to China in the period of January to April 2014. The total exports for the first four months of the year dropped by 4.6% …

  • Economy  |  SEPTEMBER 13, 2014 12:36 PM

    M’sia to take up more road projects in India

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    Malaysia has reiterated its interest to take up more road projects in India as New Delhi gears up to boost its infrastructure, especially road connectivity. “We indicated our desire to participate in their road projects,” Special Envoy of Infrastructure to India and South …

  • World Biz  |  SEPTEMBER 13, 2014 12:32 PM

    Euro zone ministers upset by broken French promises

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    France faced harsh criticism on Friday for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis strategy for the bloc’s stagnating economy. Emboldened by the European Central Bank’s shift away from austerity, …

  • Markets  |  SEPTEMBER 13, 2014 12:21 PM

    Share prices on Bursa to join global stocks

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    Share prices on Bursa Malaysia are likely to join global stocks to correct further next week as a sense of spiking geopolitical risk and an uncertain economic climate may contribute to a lack of conviction. Affin Investment Bank Vice President and Head of …

  • Commodities  |  SEPTEMBER 13, 2014 12:16 PM

    Gold prices to remain under pressure

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    Trading in gold futures contracts on Bursa Malaysia Derivatives will likely continue its bearish trend next week as investors remain cautious over the global economic sentiment. Speaking to Bernama, Phillip Futures Sdn Bhd dealer Lim Eng Wee said gold prices are expected to …

  • Commodities  |  SEPTEMBER 13, 2014 12:03 PM

    Tin price to trade between US$21,100 and US$21,200

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    The tin price on the Kuala Lumpur Tin Market (KLTM) is expected to trade between US$21,100 and US$21,200 a tonne next week on renewed consumer demand, said a dealer. The local tin market could see some buying picking up from the Europeans …