Business
Malaysian couple joins the billionaires club in Australia
MELBOURNE, May 24 — A Malaysian couple has almost doubled their wealth in one year to become billionaires in the process.
David Teoh, 57, and his wife Vicky, 56, have achieved one of the biggest rises on this year’s BRW Rich 200 List, lifting their fortune from AUS$526 million (RM1.54 billion) last year to AUS$1.06 billion.
On the other hand, ... Read More
Apple CEO Tim Cook confers with staff during a break at a Senate homeland security and governmental affairs investigations subcommittee hearing in Washington, May 21, 2013. — Reuters pic Read More
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NextGen ePerolehan to be implemented in 2015
PUTRAJAYA, May 24 — The new version of the government procurement system, NextGen ePerolehan, is 20 per cent ready and will be implemented in 2015 in an effort to improve the Federal government’s delivery ... Read More
Britain’s FTSE steadies after worst day in a year
LONDON, May 24 — Britain’s leading shares steadied today after their steepest fall in a year in the previous session, with central bankers offering some reassurance that stimulus will stay for a while ... Read More
German business morale rises more than expected in May
BERLIN, May 24 — German business morale rose far more than expected in May, rebounding after two consecutive falls and suggesting Europe’s largest economy is picking up steam after posting anaemic growth ... Read More
Gold climbs as Fed official says no rush to end bond buying
SINGAPORE, May 24 — Gold rose on Friday, on track for its strongest week in a month, after a US Federal Reserve official said there was no rush to end the monetary easing programme that has increased the ... Read More
P&G brings back former CEO to fix company
NEW YORK, May 24 — Procter & Gamble Co yesterday brought back AG Lafley to run the world’s largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring.Lafley ... Read More
Volatile Nikkei keeps Asian stocks on edge
SYDNEY, May 24 — Asian stocks fell to one-month lows today and the yen rebounded broadly as extreme volatility in the Nikkei kept investors on edge.MSCI’s broadest index of Asia-Pacific shares outside ... Read More
Oil prices set for biggest weekly drop since mid-April
SINGAPORE, May 24 — Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward US$102 (RM306) per barrel today, as ample supply and a slow global economic ... Read More
Draghi says euro zone more stable, ‘needs a more European UK’
LONDON, May 24 — The euro zone is more stable than a year ago but economic conditions remain challenging and governments must push on with reforms and banking union plans, European Central Bank President ... Read More
Google faces new federal antitrust probe
WASHINGTON, May 24 — US regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising ... Read More
The deeper agenda behind ‘Abenomics’
TOKYO, May 24 — When ill health and political gridlock forced Shinzo Abe to quit after one dismal year as Japan’s prime minister, his pride was dented and his self-confidence battered.One thing, however, ... Read More
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- Khazanah appoints Nor Mohamed as deputy chairman
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- Australia’s Crown selling entire 10pc stake in rival Echo
- Bursa shares close sharply lower
- SE Asia Stocks: Fall on Fed, China data jitters; S’pore, Thailand hit 2-wk low
- Bursa falls to low of 1,765 in afternoon trade
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- Asian markets sell off on Bernanke remarks, China PMI
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