• Commodities  |  JULY 23, 2014 1:15 PM

    KLTM fell US$100 to close at US$22,100 a tonne

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    The Kuala Lumpur Tin Market (KLTM) fell US$100 a tonne to close at US$22,100 a tonne today in tandem with the decline on the London Metal Exchange (LME), a dealer said.

  • Markets  |  JULY 23, 2014 1:02 PM

    KL shares higher at mid-day on positive regional sentiment

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    Share prices on Bursa Malaysia ended the morning session higher today in line with the positive sentiment on regional bourses, dealer said.

  • Corporate & Markets  |  JULY 23, 2014 12:57 PM

    Sasbadi remains higher at mid-morning

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    Bursa Malaysia main market debutante, Sasbadi Holdings Bhd, remained higher at RM1.66 with 37.73 million shares transacted.

  • World Biz  |  JULY 23, 2014 12:52 PM

    Microsoft’s Nokia acquisition weighs on 4th-quarter results

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    Microsoft Corp’s purchase of Nokia Oyj’s mobile business dragged down fiscal fourth-quarter profit, even as the software maker benefits from improving corporate demand for computers and software delivered over the Web. Nokia’s operations, which Microsoft bought for 5.44 billion euros …

  • World Biz  |  JULY 23, 2014 12:43 PM

    Apple hints new products nearing ending long wait

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    Apple Inc signaled that the long wait for new products is nearing an end. With bigger-screen handsets in development, Apple said yesterday that shoppers are delaying buying new iPhones, which will weigh on sales in the current quarter ending in …

  • Economy & World Biz  |  JULY 23, 2014 12:37 PM

    Prabowo to challenge election results in court

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    The losing candidate in Indonesia's presidential election, ex-general Prabowo Subianto, will challenge the result in the Constitutional Court, his team's chief lawyer said on Wednesday.

  • Corporate & Featured and Exclusive  |  JULY 23, 2014 12:25 PM

    MH17 black boxes to be sent to UK for analysis

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    The International Investigation team has decided to pass the black boxes from Malaysia Airlines (mas) Flight MH17 to the United Kingdom Air Accidents Investigation Branch for forensic analysis, said Transport Minister Datuk Seri Liow Tiong Lai.

  • World Biz  |  JULY 23, 2014 12:24 PM

    Sullivan & Cromwell has ‘unusual’ CIT deal role

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    Three mergers and acquisitions powerhouses — Cleary Gottlieb Steen & Hamilton LLP, Wachtell, Lipton, Rosen & Katz and Sullivan & Cromwell LLP, worked on CIT Group Inc’s proposed US$3.4 billion(RM10.7 billion) acquisition of OneWest Bank parent IMB Holdco LLC. While …

  • Corporate & World Biz  |  JULY 23, 2014 12:16 PM

    McDonald’s Japan hit by China food scandal

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    A food scandal involving Chinese meat supplier Shanghai Husi Food Co Ltd has spread to Japan with at least two companies halting sale of products supplied by the firm.

  • Markets  |  JULY 23, 2014 12:10 PM

    Asian stocks rise as US inflation damps

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    Asian stocks advanced for a third day, with the regional benchmark index extending a six-year high, as US inflation data damped concerns interest-rate increases will be brought forward. BHP Billiton Ltd climbed 1.8% after the world’s largest mining company said …

  • Markets & World Biz  |  JULY 23, 2014 11:51 AM

    Putin under pressure is bullish sign to Hermes

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    The Micex stock index sank to a two- month low after the downing of a civilian jet in Ukraine refocused attention on Russia’s involvement in the war there. To Hermes Fund Managers Ltd, sellers may be making a mistake. International …

  • Economy, Featured and Exclusive, World Biz  |  JULY 23, 2014 11:49 AM

    Jokowi to make life easier for investors and grow economy

    Indonesia’s new president, Joko “Jokowi” Widodo, promised to make life simpler for investors by beefing up the country’s threadbare infrastructure, untangling near impenetrable regulations and sacking his ministers if they aren’t up to the job. The Elections Commission announced on …

  • Markets  |  JULY 23, 2014 11:44 AM

    KL shares remains higher mid-morning

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    Share prices on Bursa Malaysia remained higher mid-morning on continued buying support in selected heavyweight counters, dealers said.

  • Markets & World Biz  |  JULY 23, 2014 11:22 AM

    Indonesian shares rise after Jokowi’s victory

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    Indonesian shares rose nearly 1 percent on Wednesday after Joko "Jokowi" Widodo was declared the winner of Indonesia's presidential election, bringing the promise of major reforms to the world's third-largest democracy.

  • Markets  |  JULY 23, 2014 11:18 AM

    Central bank prepares for higher interest rates

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    Before the Federal Reserve and fellow central banks go to work raising interest rates, they first need others to go to work. That’s the signal from policy makers worldwide, as even those whose mandates focus on inflation put the health …

  • Corporate & World Biz  |  JULY 23, 2014 11:10 AM

    Apple, IBM alliance to boost falling iPad sales

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    Apple Inc's iPad is losing steam just four years after its release, but an alliance with International Business Machines Corp could rejuvenate a flagging product by entering into a largely untapped corporate market.

  • World Biz  |  JULY 23, 2014 10:50 AM

    AirBaltic, first airline to accept bitcoins as payment

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    Latvia's national airline AirBaltic will become the first airline in the world to accept bitcoins as payment for services, Xinhua news agency reports citing local media.

  • Markets  |  JULY 23, 2014 10:46 AM

    US 30-year yield near 13-month low on Fed

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    Treasury 30-year yields were at almost 13-month lows as investors bet the Federal Reserve would keep interest rates low for an extended period amid slowing inflation. The extra yield on 30-bonds over five-year notes narrowed to the least since February …

  • Economy  |  JULY 23, 2014 10:34 AM

    Bank Negara to maintain OPR says MIER

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    Bank Negara Malaysia (BNM) is likely to maintain the current overnight policy rate (OPR) for the rest of the year, says the Malaysian Institute of Economic Research (MIER).

  • OTHERS  |  JULY 23, 2014 10:23 AM

    Ringgit opens marginally higher against US dollar

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    The ringgit opened marginally higher against the US dollar on renewed commercial demand for the domestic currency, a dealer said.