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Business

Gold set for biggest weekly rise in eight after Fed

LONDON, Jan 27 — Gold rose in Europe today and headed for its best weekly performance since early December after the Federal Reserve signalled a continuation of its ultra-loose monetary policy, pushing the dollar lower against the euro.

Spot gold was up 0.3 per cent at US$1,724.70 (RM5,312.07) an ounce at GMT at 1023 GMT, while US gold ... Read More

Actresses Blake Lively (left) and Chloe Moretz with designer Jason Wu at the private unveiling of a “Limited-Edition Apparel and Handbag Collection” in New York, January 26, 2012. — Reuters pic
Actresses Blake Lively (left) and Chloe Moretz with designer Jason Wu at the private unveiling of a “Limited-Edition Apparel and Handbag Collection” in New York, January 26, 2012. — Reuters pic

Nintendo sees bigger loss as smartphones hit sales

TOKYO, Jan 27 — Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, ... Read More

Few banks to follow UniCredit share sale example

LONDON, Jan 27 — Markets will breathe a sigh of relief as beleaguered Italian bank UniCredit completes its €7.5 billion (RM30.2 billion) US$9.7 billion (RM29.8 billion) rights issue yesterday, but few ... Read More

Greece, creditors edge closer to deal

ATHENS, — Greece and its private creditors made progress yesterday in talks on restructuring its debt, both sides said, and they will continue negotiating yesterday with the aim of sealing an agreement ... Read More

Norway’s DNB has exposure to troubled Indonesian firm

OSLO, Jan 27 — DNB, Norway’s biggest lender, said it had exposure to Indonesia’s largest oil-and-gas shipping company PT Berlian Laju Tanker Tbk but declined to specify the extent of its exposure.Earlier ... Read More

Asian stocks pause after rallying on Fed

TOKYO, Jan 27 — The broad asset rally that the US Federal Reserve inspired by pledging to keep rates low decelerated today as investors awaited the outcome of Greek debt talks and US gross domestic ... Read More

Zeti: Malaysian interest rates still accommodative

KUALA LUMPUR, Jan 27 — Malaysian interest rates are still “accommodative”, and the central bank needs to decide whether any further easing is needed, its governor Zeti Akhtar Aziz said today.The central ... Read More

Smartphones power record Samsung profit; sets US$22 billion capex

SEOUL, Jan 27 — Samsung Electronics Co posted a record US$4.7 billion (RM14.5 billion) quarterly operating profit, driven by booming smartphone sales, and will spend US$22 billion this year to boost ... Read More

Asia may not be such easy pickings for Apple

BANGALORE, Jan 27 — Investors in Apple Inc have a one-word answer for those who wonder whether this corporate juggernaut can maintain its phenomenal momentum in the years ahead: Asia.The iconic maker of ... Read More

Management Tip of the Day: Give high performers boring jobs

BOSTON, Jan 27 — If your very best people aren’t directly involved in fixing your organisation’s most persistently boring processes, then you are failing as a leader, says Harvard Business Review.The ... Read More

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