7-day Archive: 

Business

Khazanah denies Medini high finance conspiracy

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 questions were raised in two letters to the editor published in Utusan Malaysia and revolved around the decision of a Khazanah- and EPF-linked ... Read More

A worker wipes the fuel prices on a board as she updates the new price — 300 yuan increase per tonne) at a gas station in Hefei, Anhui province February 8, 2012. — Reuters pic
A worker wipes the fuel prices on a board as she updates the new price — 300 yuan increase per tonne) at a gas station in Hefei, Anhui province February 8, 2012. — Reuters pic

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

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

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

Malaysian exporters halt palm oil supply to Iran

KUALA LUMPUR, Feb 8 – Malaysian palm oil exporters have stopped supplying Iran with most of the 30,000 tonnes of the food staple the Middle Eastern country buys each month, or about half its demand, as ... Read More

Moody’s misses estimates with lower profit

NEW YORK, Feb 8 – Moody’s Corp net income fell 30 per cent in the fourth quarter, missing Wall Street estimates, as expenses rose and companies backed away from issuing bonds during the European debt ... Read More

S&P cuts Sony rating, warns of further downgrade

TOKYO, Feb 8 – Standard and Poor’s cut its long-term debt rating on Sony Corp today to BBB+, warning it may drop the consumer electronics giant a further notch within a year unless it shows it can achieve ... Read More

World Bank arm, Singapore GIC eye infrastructure fund

SINGAPORE, Feb 8 – The World Bank’s investment arm, International Finance Corporation, and sovereign wealth fund, the Government of Singapore Investment Corporation , are exploring the setting up of a ... Read More

SE Asia Stocks: Markets rise, aided by Greece hopes

BANGKOK, Feb 8 – Southeast Asian stock indexes rose today as strong oil and metal prices bolstered commodities-related shares, and on hopes the Greece would agree to a reform deal that would open the way ... Read More

More Articles