• Corporate & Featured and Exclusive  |  MARCH 4, 2015 12:14 PM

    MP: Jho Low dictating policy with Saudi Arabia?

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    An opposition lawmaker is questioning whether Malaysian billionaire Jho Low has been dictating Malaysia's foreign policy with Saudi Arabia.

  • Corporate & Featured and Exclusive  |  MARCH 4, 2015 11:48 AM

    S’wak natives hit out at RM163mil loan to SEB

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    A delegation of Sarawak natives will be lobbying the Asian Development Bank (ADB) in Manila to decline a loan to Sarawak Energy Berhad (SEB), said international NGO Bruno Manser Fonds (BMF).

  • Commodities, Corporate, World Biz  |  MARCH 4, 2015 11:48 AM

    Coleman: Weighing on palm oil prices, energy rout resumes

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    Palm oil futures trading at the highest level since July may weaken as energy prices resume a decline and global soybean supplies expand, according to Michael Coleman, managing director of RCMA Asset Management Pte.

  • Opinion  |  MARCH 4, 2015 11:28 AM

    The costs of Grexit

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    Earlier this week, the new government in Athens reached an agreement with its euro zone creditors that includes a package of immediate reforms and a four-month extension of the financial assistance programme. But the compromise does not preclude the need for further tough negotiations on a new financial assistance programme that should be introduced by the end of June.

  • Corporate & Featured and Exclusive  |  MARCH 4, 2015 11:25 AM

    Rafizi stands by AmBank claims, says denial ‘expected’

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    PKR secretary-general Rafizi Ramli said that AmBank Group’s statement denying that its managing director Ashok Ramamurthy quit his post over irregularities in a multi-billion ringgit loan to 1Malaysia Development Bhd (1MDB) is “expected”.

  • Markets & World Biz  |  MARCH 4, 2015 11:05 AM

    Sharp’s default risk increases after S&P downgrade

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    Sharp Corp bond risk reached the highest since April 2013 as Standard & Poor’s cut its rating on the rising chance of a debt-equity swap that it would view as a selective default.

  • Corporate & Featured and Exclusive  |  MARCH 4, 2015 10:57 AM

    Jho Low’s jet-setting lifestyle draws attention to 1MDB

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    The truth behind the 1Malaysia Development Board (1MDB) and its murky dealings came to light courtesy of Taek Jho Low because of his jet-set lifestyle made headlines around the world for its extravagance and ostentatiousness.

  • World Biz  |  MARCH 4, 2015 10:55 AM

    Investors pull RM31 bil from Pimco Total Return Fund

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    Investors yanked another US$8.6 billion (RM31 billion) from the Pimco Total Return Fund last month, Pimco said on Tuesday in the latest indication the firm's flagship fund is still reeling from the sudden departure of co-founder Bill Gross last September.

  • Featured and Exclusive & World Biz  |  MARCH 4, 2015 10:43 AM

    Alibaba jumps into hotly contested cloud market

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    Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition.

  • World Biz  |  MARCH 4, 2015 10:38 AM

    First non-Japanese VP candidate for Toyota

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    Toyota Motor Corp is poised to appoint its first non-Japanese vice president on April 1 to diversify its management, a report said Wednesday.

  • World Biz  |  MARCH 4, 2015 10:20 AM

    Apple, Google develop fixes for Freak security bug

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    Apple Inc and Google Inc said on Tuesday that they have developed fixes to mitigate the newly uncovered 'Freak' security flaw affecting mobile devices and Mac computers.

  • World Biz  |  MARCH 4, 2015 10:13 AM

    Sony said to debut virtual-reality headset in 2016

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    Sony Corp will begin selling its virtual-reality headset in the first half of 2016, according to Shuhei Yoshida, president of the company’s worldwide game studios.

  • Markets  |  MARCH 4, 2015 10:08 AM

    KL shares extend gains to open higher

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) extended yesterday's gains to open higher on continued buying momentum in selected heavyweights, dealers said.

  • Markets  |  MARCH 4, 2015 9:51 AM

    Ringgit opens higher on continued buying support

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    The ringgit opened higher against the US dollar today on continued buying support at 3.6240/6270 compared with 3.6250/5280 on Tuesday, a currency trader said.

  • Featured and Exclusive & World Biz  |  MARCH 4, 2015 9:45 AM

    M’sia 14th happiest economy in the world, survey finds

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    Malaysia is the 14th happiest economy in the world, according to Bloomberg's calculations of what's known as the "misery index".

  • Economy & World Biz  |  MARCH 4, 2015 9:43 AM

    PBOC to cut benchmark deposit, lending rates again

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    The People’s Bank of China will cut benchmark deposit and lending rates again next quarter as the economy slows, according to economists surveyed by Bloomberg.

  • Featured and Exclusive & World Biz  |  MARCH 4, 2015 9:26 AM

    Alibaba shares fall to lowest level since day after IPO

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    Alibaba Group Holding Ltd shares fell to their lowest level since debuting after rival online retailer Inc reported better-than-projected earnings, fuelling concern that Alibaba’s sales growth may be decelerating.

  • Featured and Exclusive & World Biz  |  MARCH 4, 2015 9:05 AM

    Japan tells Uber to halt free ride service

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    Uber Technologies Inc has been told to suspend a free ride service in Japan over the possible infringement of unlicenced-taxi restrictions, Kyodo News said on Tuesday, a blow to the company's hopes in a potentially big market.

  • World Biz  |  MARCH 4, 2015 8:40 AM

    Apple beats Samsung in global smartphone sales

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    Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner.

  • World Biz  |  MARCH 4, 2015 8:06 AM

    Yale has almost RM3.6 bil in cash, seeks new investments

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    Yale University is sitting on almost US$1 billion (RM3.6 billion) of cash in its endowment as the school seeks out new investments.