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Business

Greek lawmakers approve austerity bill as Athens burns

ATHENS, Feb 13 — The Greek parliament approved a deeply unpopular austerity bill to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country.

Cinemas, cafes, shops and banks were set ablaze in central Athens as black-masked protesters fought riot police ... Read More
A banner caricaturing Portugal’s Prime Minister Passos Coelho and his German counterpart Angela Merkel during a protest against austerity measures in Lisbon, February 11, 2012. – Reuters pic
A banner caricaturing Portugal’s Prime Minister Passos Coelho and his German counterpart Angela Merkel during a protest against austerity measures in Lisbon, February 11, 2012. – Reuters pic Read More

Airlines urge UN deal to avert carbon trade war

SINGAPORE, Feb 13 — Global airlines called yesterday for a UN-brokered deal to prevent a row over aviation emissions between China and the European Union spilling into a damaging trade war.The call by the ... Read More

RUSAL may cut aluminium output by 6pc in next 18 months

HONG KONG, Feb 13 — The world’s top aluminium producer, Russia’s United Company RUSAL Plc, said today it may cut aluminium output by 6 per cent in the next 18 months, joining similar moves by other ... Read More

Japan economy shrinks more than expected in Q4, weak exports weigh

TOKYO, Feb 13 — Japan’s economy shrank a bigger-than-expected 0.6 per cent in October-December, hurt by slowing global growth, Thai floods and a strong yen, casting doubt about expectations that growth ... Read More

Indonesia’s Lion Air postpones IPO: CEO

SINGAPORE, Feb 12 – Low-cost carrier Lion Air has postponed plans for a 2012 share flotation worth more than US$1 billion (RM3.02 billion), its chief executive and co-founder said, bowing to a stock ... Read More

IATA calls for UN deal to avert carbon trade war

SINGAPORE, Feb 12 – Global airlines called today for a deal brokered by a United Nations agency to avoid an impasse between China and the European Union over jet pollution spilling into a trade ... Read More

Treasurer: Latest Australia floods have minimal economic impact

SYDNEY, Feb 12 — Australia’s latest floods disaster will have a minimal economic impact nationally despite some damage to rail lines, mines and crops in certain areas, Treasurer Wayne Swan said today.In ... Read More

Prasarana says RM6.5b in contracts issued for LRT extension

By Melissa Chi
PETALING JAYA, Feb 12 — A total of RM6.5 billion worth of contracts have been awarded for LRT Line Extension Project (LEP) in the Klang Valley and only 10 per cent of contracts are still in the tendering ... Read More

Greece warns bailout rebels of disaster

ATHENS, Feb 12 — Greek Prime Minister Lucas Papademos yesterday told lawmakers to back a deeply unpopular EU/IMF rescue in a vote today or condemn the country to a “vortex” of recession.He spoke in a ... Read More

Climax nears in Greek drama

LONDON, Feb 12 — Tortuous negotiations over a second bailout for Greece are set to come to a head on Wednesday, putting fragile market confidence to the test on the same day data is tipped to show the ... Read More

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