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Greek deal boosts euro, oil; stocks edge up
NEW YORK, Feb 10 — The euro hit a two-month high against the dollar yesterday after Greece agreed to an austerity package in exchange for new funds, but questions on whether the deal will be enough to avoid a messy default curbed stocks’ gains.
News that Greek leaders had clinched a long-stalled deal just hours before a key meeting with the ... 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 Read More
Kodak to shutter camera business
LOS ANGELES, Feb 10 — Eastman Kodak Co, the inventor of the digital camera, plans to get out of that business in the first half of the year as the bankrupt company looks to cut costs.The decision to stop ... Read More
US to approve Google’s Motorola bid, sources say
WASHINGTON, Feb 10 — The US Justice Department will approve Google’s US$12.5 billion (RM37.5 billion) bid to acquire Motorola Mobility Holdings Inc, according to sources close to the antitrust review.The ... Read More
PepsiCo to cut 8,700 jobs, invest in brands
NEW YORK, Feb 9 – PepsiCo Inc expects to cut 8,700 jobs as part of a plan to save an extra US$1.5 billion (RM4.51 billion) over the next three years, as it invests more money in marketing and advertising ... Read More
Vodafone hit by weak southern Europe
LONDON, Feb 9 – Vodafone, the world’s largest mobile phone operator, missed quarterly revenue forecasts today as increasingly tough trading in Spain and Italy overshadowed solid performances in emerging ... Read More
Strike costing Air France up to €10m a day
PARIS, Feb 9 – A strike by pilots is costing Air France around €10 million (RM39.89 million) per day in operating income, a spokeswoman said today as the industrial action entered its fourth and final ... Read More
Singapore firms stop Indonesia palm oil exports to Iran
KUALA LUMPUR, Feb 9 – Singaporean firms have stopped supplying Iran with Indonesian palm oil on concerns over the country’s ability to make payments in the wake of Western sanctions, trading sources in ... Read More
ECB to face Greece questions, hold rates
FRANKFURT, Feb 9 – All eyes will be on what the European Central Bank is willing to do to help Greece when it holds its monthly policy meeting today, with interest rates expected to stay on hold ahead of ... Read More
SE Asia Stocks: Most markets pause; Manila off record high
SINGAPORE, Feb 9 – Southeast Asian stock markets were mostly little changed to weaker today as investors cashed in on recent gains, with Indonesia clawing back some early losses after the central bank ... Read MoreMarkets 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 ... Read More
More Articles
- Guan Eng: Bosch downpayment proof of commitment
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- Gamuda-MMC ahead of pack with lowest MRT tunnelling bid
- Malaysia’s trade hits record in 2011
- Khazanah denies Medini high finance conspiracy
- AirAsia X eyes IPO in second half 2012
- Analyst calls for Feb 9
- Bloomberg: VW in talks with Proton, looks to grow regional presence
- Don’t chase market stampedes as risks run amok
- Global stocks inch up, euro near flat
- Time Warner beats forecasts, shares up
- Bosch says still committed to Penang solar panel plant
- Malaysian exporters halt palm oil supply to Iran
- Moody’s misses estimates with lower profit
- S&P cuts Sony rating, warns of further downgrade
- World Bank arm, Singapore GIC eye infrastructure fund
- SE Asia Stocks: Markets rise, aided by Greece hopes
- Japan to slash use of a heavy rare earth as China tightens grip
- Bank Negara extends currency swap deal with China
- BHP Billiton profit slips but still in league of its own
- Bosch freezes Penang solar plant
- Wall St edges up in quiet day; Disney down late
- Bernanke urges Congress to address Bush tax cuts
- Goldman names Yong as co-head of Investment Banking Southeast Asia
- Analyst calls for Feb 8
- Indonesia investors confident of coup at Rothschild’s Bumi
- Swatch captures the moment for Chinese watch demand
- China to raise fuel prices tomorrow: Sinopec
- Air France cancels half of long-haul flights
- China says hopes can solve airline fee dispute with EU
- Greek talks check euro, results hit shares
- Glencore to buy Xstrata in US$90 billion deal
- SE Asia Stocks: Manila, Jakarta underperform
- Sanyo cuts US plant jobs to move to Malaysia
- Singapore says casino-related crime well under control
- Greeks delay bailout talks as Merkel demands action
- Yum profit up as China keeps growing
- MF Global shortfall worsened as bankruptcy neared
- Wall St edges lower after string of gains
- China bans airlines from paying EU carbon charges
- Lamborghini to follow Porsche with SUV
- Miners drag on FTSE as traders eye Glencore deal premium
- Skim 1 Care di peringkat ‘sangat, sangat maju’ bukan peringkat awal, kata sumber
- Nik Aziz sedia lepaskan Salahuddin ke Johor
- KP: 1 Care penghubung perkhidmatan kesihatan awam dan swasta
- PAS cabar Putrajaya dedahkan kandungan perjanjian NFC, tubuhkan RCI
- Jui Meng ramal Soi Lek akan tanding di kawasan majoriti Melayu
