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Business

Hungary seeks €15-€20b IMF/EU credit line

BUDAPEST, Feb 5 — Hungary is seeking an international credit line of €15-€20 billion (RM59.4-RM79.2 billion), the secretary of state heading the prime minister’s office, Mihaly Varga, was quoted yesterday as saying.

Hungary is seeking backup from the International Monetary Fund and the European Union to reassure investors it has financing ... Read More
AVG Technologies CEO J.R. Smith (second left) at the New York Stock Exchange February 3, 2012. Smith and other executives rang the opening bell to mark AVG’s IPO on January 2. — Reuters pic
AVG Technologies CEO J.R. Smith (second left) at the New York Stock Exchange February 3, 2012. Smith and other executives rang the opening bell to mark AVG’s IPO on January 2. — Reuters pic

Euro zone loses patience with Greece

BRUSSELS, Feb 5 — Euro zone finance ministers told Greece yesterday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to ... Read More

Malaysia to sign MoU to build RM6.6b bridge with Bangladesh

By Yow Hong Chieh
KUALA LUMPUR, Feb 4 – Malaysia looks set to ink a deal with Bangladesh by month-end to construct the RM6.6 billion Padma Bridge, the country’s largest infrastructure project that ran into controversy last ... Read More

Greece struggles on for deal on unpopular reforms

ATHENS, Feb 4 — Greece's government on Saturday struggled on in talks with lenders to secure a 130 billion euro (RM516 bllion) bailout before turning to the trickier task of persuading political leaders ... Read More

Iran will cut oil exports to some European countries, says Fars

TEHRAN, Feb 4 — Iran's oil minister said that the Islamic state would certainly cut its oil exports to "some" European countries, the semi-official Fars news agency reported on Saturday."Our oil exports ... Read More

Fed-up Indian bank ‘to name and shame’ defaulters

MUMBAI, Feb 4 — The State Bank of India, the country’s biggest lender, will name and shame “wilful” defaulters and put their pictures in newspapers to get them to pay up, the Economic Times said ... Read More

Genting setback over Florida casino gambling Bill

TALLAHASSEE (Florida), Feb 4 — A Bill that would have ushered in the largest expansion of gambling in Florida history was withdrawn by its legislative sponsor yesterday, killing for now the prospect of ... Read More

Management Tip: Consider cultural norms

BOSTON, Feb 4 — Being culturally fluent means being able to enter a new context, master the norms, and feel comfortable doing so, according to Harvard Business Review.The Management Tip of the Day offers ... Read More

Wall Street analysts struggle to predict Apple

SAN FRANCISCO, Feb 4 — By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc’s results.Leitao is part of a cadre of amateur ... Read More

Nasdaq vaults to 11-year high on surge in jobs

NEW YORK, Feb 4 — A surge in hiring in the world’s largest economy last month drove the Nasdaq to an 11-year high yesterday as optimism grew that the labour market is on a steady path to recovery.The ... Read More

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