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Malaysian investors look to Japan, Asia Pacific in second half of 2015

Malaysian investors look to Japan, Asia Pacific in second half of 2015

KUALA LUMPUR: Malaysian unit trust investors, in their search for yield, are increasingly looking at options outside of Malaysia and are eyeing markets such as Japan and elsewhere in the Asia Pacific. A survey by Eastspring Investments Bhd showed that the majority of investments continue to stay within Malaysia but some outflow can be expected […]

October 4, 2015 | By | Reply More
Rolls-Royce to cut 400 marine division jobs: FT

Rolls-Royce to cut 400 marine division jobs: FT

REUTERS: Rolls-Royce Holdings PLC may announce a reduction of 400 management jobs in its marine division this week, the Financial Times reported, citing people familiar with the matter. Chief Executive Warren East’s aim with the marine restructuring will be to strip out management layers and rebase costs in a business that relies on an energy […]

October 4, 2015 | By | Reply More
TPP negotiators to announce deal 'in principle': Japan

TPP negotiators to announce deal 'in principle': Japan

ATLANTA: Officials negotiating an ambitious Pacific trade pact could announce a deal “in principle” on Sunday (Oct 4) after days of grueling talks, Japan’s Economy Minister Akira Amari said. Amari told Japanese journalists that there had been “major progress” Sunday morning and that a solution had been found to the main roadblock to a deal, […]

October 4, 2015 | By | Reply More
Extreme poverty to fall below 10%: World Bank

Extreme poverty to fall below 10%: World Bank

WASHINGTON: Extreme poverty will this year fall to less than 10 per cent of the global population for the first time, although there is still “great concern” for millions in Africa, a World Bank report said on Sunday (Oct 4). “This is the best story in the world today – these projections show us that we are […]

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Angela Merkel lands in India, with trade high on the agenda

Angela Merkel lands in India, with trade high on the agenda

NEW DELHI: German Chancellor Angela Merkel landed in New Delhi late Sunday (Oct 4) for a visit in which she is expected to push for closer trade ties, and during which India’s leader hopes to draw investment from the European powerhouse. Briefly leaving behind a refugee crisis in Europe, Merkel arrived with a delegation including Foreign Minister Frank-Walter Steinmeier […]

October 4, 2015 | By | Reply More
Volkswagen to hold extraordinary board meeting on Wednesday: sources

Volkswagen to hold extraordinary board meeting on Wednesday: sources

BERLIN: Volkswagen’s supervisory board will hold an extraordinary meeting on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed as new head of the 20-member controlling panel, two sources said on Sunday. Europe’s biggest car maker faces the worst business crisis in its 78-year history after it admitted cheating diesel emissions […]

October 4, 2015 | By | Reply More
Petronas lubricants chalks up revenue of 1 billion Euros from Italian venture

Petronas lubricants chalks up revenue of 1 billion Euros from Italian venture

MILAN: Petronas Lubricants International (PLI), a wholly -owned subsidiary of Petronas, chalked up revenue of one billion euros from its investment in Italy, reflecting the national oil corporation’s continuing success as a global investor in international markets. Prime Minister Datuk Seri Najib Razak said PLI, with two plants in Italy and a staff of 700, […]

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Merkel says VW scandal has not hurt Germany's reputation as good place for business

Merkel says VW scandal has not hurt Germany's reputation as good place for business

BERLIN: German Chancellor Angela Merkel told a German radio station that the emissions scandal around German carmaker Volkswagen was “drastic” but the damage was not so great that Germany was no longer deemed a good place to do business. “I believe the reputation of the German economy and the trust in the German economy has […]

October 4, 2015 | By | Reply More
TPP talks bog down on US push for drug protections

TPP talks bog down on US push for drug protections

ATLANTA: The US demand for longer protections for biologic drugs bogged down talks on the Trans-Pacific Partnership for another day on Saturday. With the top-level negotiations to finalize the huge trade agreement already extended two days, Washington’s partners in the 12-country talks appeared to be stiffly resisting its push for much more than the five-year […]

October 4, 2015 | By | Reply More
Pacific trade negotiators push hard for deal

Pacific trade negotiators push hard for deal

ATLANTA: Officials from 12 countries including the US, Japan and Australia appeared close to a deal on an ambitious Pacific Rim trade pact on Saturday (Oct 3) as negotiations went into the second day of overtime. Late Friday officials said an agreement on the Trans-Pacific Partnership was within reach, though it was not clear if […]

October 3, 2015 | By | Reply More