7-day Archive: 

Business

Markets guarded as Athens strives to reach deal

TOKYO, Feb 9 — Shares and the euro struggled today, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default.

Discussions would continue with one issue left to be resolved, so a deal could be concluded before a meeting of euro zone finance ministers ... Read More

Socialist leader George Papandreou leaves the Greek prime minister’s office in Athens February 9, 2012. Greek political leaders have agreed on all points of a bailout package except one. — Reuters
Socialist leader George Papandreou leaves the Greek prime minister’s office in Athens February 9, 2012. Greek political leaders have agreed on all points of a bailout package except one. — Reuters Read More

Gamuda-MMC ahead of pack with lowest MRT tunnelling bid

By Yow Hong Chieh
KUALA LUMPUR, Feb 9 — Gamuda-MMC is said to be the lead contender for Klang Valley Mass Rapid Transit (KVMRT) tunnelling works worth RM8 billion after submitting the lowest bid for the job.Business Times, ... Read More

Khazanah denies Medini high finance conspiracy

By Lee Wei Lian
KUALA LUMPUR, Feb 9 — Khazanah Nasional Berhad yesterday denied allegations of questionable deals in the development of the ambitious multi-billion ringgit Medini integrated development in Johor.The ... Read More

AirAsia X eyes IPO in second half 2012

KUALA LUMPUR, Feb 9 — Long-haul budget carrier AirAsia X is planning to list in the second half of this year if two other group units list successfully, despite recently cancelling some routes, the Edge ... Read More

Analyst calls for Feb 9

KUALA LUMPUR, Feb 9 — This is a selection of morning calls by local research houses for the day.From HwangDBS VickersBoustead HoldingsFY11 results should be in line driven by plantations at c.42 per cent ... Read More

Bloomberg: VW in talks with Proton, looks to grow regional presence

NEW YORK, Feb 9 — German automotive giant Volkswagen is looking to gain a bigger foothold in ASEAN and is now in talks with local carmaker Proton for a possible manufacturing tie-up, a Bloomberg reported ... Read More

Don’t chase market stampedes as risks run amok

LONDON, Feb 9 — If both the perma-bears and perma-bulls are wrong in their immovable convictions about the long-term global investment outlook, then 2012 may require a more agile beast and possibly one ... Read More

Global stocks inch up, euro near flat

NEW YORK, Feb 9 — World stocks edged higher and the euro ended flat yesterday as investors focused on whether the latest meeting of Greek political leaders will finally result in reforms to help the ... Read More

Time Warner beats forecasts, shares up

NEW YORK, Feb 8 – Time Warner Inc posted better-than-expected quarterly profit today helped by its cable networks and the last installment of its Harry Potter movie franchise.Shares rose 2.6 per cent in ... Read More

Bosch says still committed to Penang solar panel plant

By Yow Hong Chieh
KUALA LUMPUR, Feb 8 – Robert Bosch GmbH said today it remains committed to investing in a proposed solar panel plant in Penang following reports that the German engineering firm has put site construction ... Read More

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