Recent Articles

Any doubts over about December Fed hike may be swept away

Any doubts over about December Fed hike may be swept away

LONDON: Inflation numbers from the United States on Tuesday could be the provider of the final domino in the Federal Reserve’s track to raise interest rates next month. Earlier in November a robust report on US employment hardened expectations for the Fed’s first rate increase in nearly a decade and if prices are shown to […]

November 15, 2015 | By | Reply More
China welcomes IMF backing to make yuan world reserve currency

China welcomes IMF backing to make yuan world reserve currency

The yuan hit headlines in August when China’s central bank devalued the currency and said it would use a more market-oriented system to calculate the point around which the currency can trade each day.   BEIJING: China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying […]

November 14, 2015 | By | Reply More
Tycoons, telecoms and Trotsky: book lifts veil on Carlos Slim

Tycoons, telecoms and Trotsky: book lifts veil on Carlos Slim

MEXICO CITY: Carlos Slim’s brother interrogated leftist rebels for Mexico’s intelligence agency while his eldest son often hands out a biographical novel about Leon Trotsky as a gift, according to a new book on the tycoon who was long the world’s richest man. The biography, by far the most comprehensive written on Slim, seeks to […]

November 14, 2015 | By | Reply More
Sultan of Pahang upset by mudslide at Kuala Lumpur-Karak highway

Sultan of Pahang upset by mudslide at Kuala Lumpur-Karak highway

BENTONG: The Sultan of Pahang is highly upset over the mudslide incident at Km 52.4 Kuala Lumpur-Karak Highway on Wednesday and wants the authorities to find a solution and prevent a recurrence. Describing the incident as shameful, Sultan Ahmad Shah said it affected the image of Pahang and affected many people as it is a […]

November 14, 2015 | By | Reply More
Bursa Malaysia expected to trend sideways within 1,660 – 1,680 trading band next week

Bursa Malaysia expected to trend sideways within 1,660 – 1,680 trading band next week

KUALA LUMPUR: Bursa Malaysia is expected to trend sideways within a 1,660 – 1,680 trading band on the heels of sliding commodity prices and anticipation that the US Federal Reserve would hike interest rates next month. Affin Hwang Investment Bank Vice-President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the investment bank expects […]

November 14, 2015 | By | Reply More
Ringgit likely to trade lower next week

Ringgit likely to trade lower next week

KUALA LUMPUR: The ringgit will likely trade lower next week in view of growing expectations of an interest rates hike in the United States, coupled with declining oil prices. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the market had been unsettled by recent data pointing to the […]

November 14, 2015 | By | Reply More
American Airlines delays Paris flights; United operates as planned

American Airlines delays Paris flights; United operates as planned

NEW YORK: American Airlines Group , the world’s biggest carrier by passenger traffic, said on Friday it was delaying flights to Paris in response to the explosions and shooting attacks there, even though French airports remained open. “Currently Charles de Gaulle International Airport is open, however, we are holding our remaining departures this evening to […]

November 14, 2015 | By | Reply More
Staying sustainable while making money

Staying sustainable while making money

KUALA LUMPUR: Sustainability is no longer just a buzzword. It is becoming an important business strategy as stakeholders increasingly demand to know how corporations manage the economic, environmental and social risks and opportunities of their businesses. For global mobile operator Telenor Group, sustainability is about shared value. Telenor director (group sustainability) Jan Kristensen said it […]

November 14, 2015 | By | Reply More
Bursa Malaysia coming up with  guidelines to help  companies

Bursa Malaysia coming up with guidelines to help companies

MALAYSIAN businesses should start incorporating sustainability into their corporate strategies, which can strengthen their operations in the long run and attract a growing pool of investors. Bursa Malaysia chief regulator officer Selvarany Rasiah said Bursa Malaysia was coming up with comprehensive guidelines aimed at assisting listed issuers improve their sustainability-related disclosures to meet the evolving […]

November 14, 2015 | By | Reply More
Amid VW scandal, report says EC had early knowledge of emissions issues

Amid VW scandal, report says EC had early knowledge of emissions issues

“In western Europe, the temporary sales stops for vehicles affected by the diesel issue had an impact on sales,” he added. BERLIN: A German business magazine alleged Friday that the European Commission was tipped off as early as 2011 to the emissions discrepancies that have turned into a massive scandal at auto powerhouse Volkswagen. The weekly, […]

November 14, 2015 | By | Reply More