Recent Articles

Ringgit rebounds to open higher against US dollar

Ringgit rebounds to open higher against US dollar

KUALA LUMPUR: The ringgit rebounded to open higher against major currencies, including the US dollar today, as investors shifted their interest to the local note, a dealer said. At 9am, the ringgit was quoted at 4.2440/2530 against the greenback from 4.2615/2665 on Monday. However, the dealer said investors are closely watching China’s manufacturing Purchasing Managers […]

December 1, 2015 | By | Reply More
Australia introduces new foreign investment regime

Australia introduces new foreign investment regime

SYDNEY: Australia put into force a robust new investment regime Tuesday (Dec 1) cracking down on foreigners who unlawfully own residential properties and tightening scrutiny on purchases of farmland from overseas. The government announced in May it planned to fine and even jail foreigners who flouted rules that only allow them to buy new dwellings, […]

December 1, 2015 | By | Reply More
Ringgit rebounds to open higher against USD

Ringgit rebounds to open higher against USD

KUALA LUMPUR: The ringgit rebounded to open higher against major currencies, including the US dollar today, as investors shifted their interest to the local note, a dealer said. At 9am, the ringgit was quoted at 4.2440/2530 against the greenback from 4.2615/2665 on Monday. However, the dealer said investors are closely watching China’s manufacturing Purchasing Managers […]

December 1, 2015 | By | Reply More
China manufacturing index falls to more than 3 year low

China manufacturing index falls to more than 3 year low

BEIJING: A key measure of China’s manufacturing activity dropped to its weakest level in more than three years in November, data showed Tuesday (Dec 1), underlining weaknesses in the world’s second largest economy. The official Purchasing Managers’ Index (PMI), which tracks activity in factories and workshops, fell to 49.6, figures from the National Bureau of […]

December 1, 2015 | By | Reply More
Dow sells portfolio of herbicides amid consolidation drive

Dow sells portfolio of herbicides amid consolidation drive

CHICAGO: Dow Chemical Co has struck a deal to sell a part of its global herbicide business, as low crop prices continue to drive talk of consolidation in the agriculture industry. Dow on Monday said it agreed to sell a portfolio of weed killers known as dinitroanilines to privately held Gowan Company. The deal comes […]

December 1, 2015 | By | Reply More
Asian shares firm as focus turns to China PMI surveys

Asian shares firm as focus turns to China PMI surveys

TOKYO: Asian shares edged up on Tuesday, as investors awaited Chinese factory surveys later in the session amid persistent concerns about cooling growth in the world’s second-biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 percent in early trading, while Japan’s Nikkei added 0.5 percent. Wall Street lost ground overnight, though […]

December 1, 2015 | By | Reply More
MRCB head wins Global CEO of the Year in Dubai

MRCB head wins Global CEO of the Year in Dubai

DUBAI: Malaysian Resources Corp Bhd (MRCB) group managing director Tan Sri Mohamad Salim Fateh Din was selected as Global CEO of the Year at the 6th Middle East Business Leaders Awards (MEBLA) 2015, here today. Salim came out tops in the Global CEO of the Year award category in recognition of his more than 30 […]

December 1, 2015 | By | Reply More
Dollar rides high as ECB set to boost eurozone stimulus

Dollar rides high as ECB set to boost eurozone stimulus

NEW YORK: The dollar rode high on Monday (Nov 30) as the European Central Bank looked set to inject more stimulus into the eurozone this week. Amid widespread expectations the ECB will announce additional stimulus measures after its policy meeting on Thursday, the euro fell to a fresh seven month low against the dollar. The euro sank to […]

November 30, 2015 | By | Reply More
Senate calls hearing in Anheuser-Busch InBev mega beer deal

Senate calls hearing in Anheuser-Busch InBev mega beer deal

WASHINGTON: Anheuser-Busch InBev’s bid to buy its biggest rival, SABMiller, will be the subject of a U.S. Senate hearing next week, the Senate Judiciary Committee said on Monday. AB InBev, whose takeover of SABMiller would be one of the largest mergers in corporate history, formally announced early in November that it would buy SABMiller for […]

November 30, 2015 | By | Reply More
Wall St. dips with health, consumer shares; gains for November

Wall St. dips with health, consumer shares; gains for November

REUTERS: U.S. stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks. The three major stock indexes posted a second straight month of gains, however, helped by financial shares , which were up 1.7 percent, while utilities were down 2.8 percent for the month. […]

November 30, 2015 | By | Reply More