Business
BoE governor King warns of euro risk to British recovery
LONDON, May 19 — The single biggest risk to Britain's nascent economic recovery is continued eurozone weakness, the Bank of England's outgoing governor Mervyn King said in a television interview today.
He called for a “credible medium term plan” to get the economy back on track and said automatic economic stabilisers should be allowed to work.
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Buddhists attach Thai baht banknotes on an artificial tree with golden leaves during a mass alms offering ceremony in Bangkok May 19, 2013. — Reuters pic
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The Rise and Fall of China’s Sun King
HONG KONG, May 19 — In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had ... Read More
Independent Scotland open to Cyprus-style bank risks, says Britain
LONDON, May 19 — An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says.Before a referendum ... Read More
Texas joins flood of states suing BP over 2010 Gulf spill
TEXAS, May 19 — Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in US history.The complaint, filed ... Read More
EWOC’s planters scheme to hit 75pc take-up rate by year-end
KOTA KINABALU, May 19 — Sabah-based East West One Consortium Bhd (EWOC), expects the take-up rate for its East West One Planter’s Scheme (EWOPS), to hit 75 per cent by year-end, said Chief Executive ... Read More
Worldwide aims to complete Puncak Bestari project by 2017
SHAH ALAM, May 19 — Property developer, Worldwide Holdings Bhd, aims to complete the seven phases of its 50.2-hectare Puncak Bestari project, in Puncak Alam, Selangor, by 2017.The project, with a gross ... Read More
Bundesbank chief says France must take deficit cuts seriously
BERLIN, May 19 — France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens ... Read More
Oil rises, despite firm dollar
NEW YORK, May 19 — Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted US equities, although a strong ... Read More
Dow, S&P end at records, stocks mark 4th week of gains
NEW YORK, May 19 — US stocks continued their climb into uncharted territory last week, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of ... Read More
Abdul Wahid to resign as Maybank president & CEO on June 4
JOHOR BAHARU, May 18 — Datuk Seri Abdul Wahid Omar, recently appointed as Minister in the Prime Minister's Department, will resign as President and Chief Executive Officer of Malayan Banking (Maybank) Bhd ... Read More
EU cites Chinese Telecoms Huawei and ZTE for trade violations
NEW YORK, May 18 — Europe’s top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and ... Read More
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- Germany’s Merkel visits Pope, urges tougher market controls
- Indonesia offers 21 oil and gas blocks in tender
- China April housing inflation quickens
- Tech, labour brandish duelling studies in US immigration fight
- Talk gets old as rally sails along
- Investor group calls on SEC to review change in JP Morgan
- Brussels, Berlin lukewarm on Hollande’s euro zone vision
- Italy PM Letta seeks to smooth property tax standoff
- Petra Energy reports lower Q1 earnings
- MASkargo’s business plan gets MAS’ support
- Japan PM sets targets in latest growth strategy tranche
- Beyond the reach of banks, Indians targeted by outlaw fund scams
- Indonesia’s Pertamina looks to Talisman for help in 1st shale gas block
- Global luxury goods market to cool in 2013, says Bain
- After Google, Amazon to be grilled on UK tax presence
- UMW may raise RM3b in energy unit IPO
- Petronas gas allocates five-year capex of RM8.1b
- Gold falls further in longest losing streak in four years
- Analyst calls for May 17
- April motor vehicle sales rise to 52,489 units
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