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Investors cautious despite Greece deal
TOKYO, Feb 10 — The euro and shares eased today as investors kept a cautious view over Greece’s debt restructuring prospect, after Athens struck a deal on fiscal reforms, paving the way for securing a crucial financial aid.
Greek political leaders clinched a deal on severe austerity measures and reforms indispensable for a second ... Read More
Greek Finance Minister Evangelos Venizelos and the head of the IMF Christine Lagarde (right) attend a Eurogroup meeting at the EU council headquarters in Brussels February 9, 2012. — Reuters pic
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 ... Read More
Analyst calls for Feb 10
KUALA LUMPUR, Feb 10 — This is a selection of morning calls by local research houses for the day.From OSK ResearchPuncak NiagaBursa Malaysia has issued an unusual market activity query to Puncak Niaga ... 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
More Articles
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- 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
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- Air France cancels half of long-haul flights
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- 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
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- MF Global shortfall worsened as bankruptcy neared
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- Utusan dakwa Ketua Pemuda PAS sokong sambutan Hari Kekasih
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