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Zeti gets  energy boost from hard work, adequate  sleep

Zeti gets energy boost from hard work, adequate sleep

HER quiet confidence belies the steely nature her job requires. Into her 16th year as the one whose signature is on the ringgit notes, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has seen it all. She was one of the central bank’s top officials during the crippling 1998 Asian financial crisis and […]

September 18, 2015 | By | Reply More
Bursa shares open lower

Bursa shares open lower

KUALA LUMPUR: Bursa Malaysia opened lower today in line with its regional peers as US Federal Reserve’s (Fed) decision to maintain key interest rate renewed concerns about the global growth outlook, a dealer said. At 9.13am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.69 points lower at 1,675.85 after opening 4.73 points lower […]

September 18, 2015 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today as more investors shifted interest towards emerging currencies, including the ringgit, dealers said. At 9.40am, the ringgit was quoted at 4.2380/2430 against the US dollar from 4.2500/2600 on Thursday. The local note, however, was traded mostly lower against other major currencies. It strengthened against […]

September 18, 2015 | By | Reply More
After Fed holds rates again, does zero mean forever?

After Fed holds rates again, does zero mean forever?

WASHINGTON: When the Federal Reserve drove its target interest rate near zero in late 2008, it sparked an economic debate about the risks of having nowhere lower to go, and in particular the financial bubbles it might stoke. Six years later few bubbles are in sight, but a new risk has emerged: that the zero […]

September 18, 2015 | By | Reply More
AIIB says could rely on Chinese investors if ratings unfair

AIIB says could rely on Chinese investors if ratings unfair

SINGAPORE: China’s new international development bank could tap the domestic market to raise the billions of dollars it needs if international credit rating agencies do not treat it fairly, its future president said on Thursday. Jin Liqun, president-designate of the Asian Infrastructure Investment Bank (AIIB), also told a conference in Singapore that the bank strives […]

September 18, 2015 | By | Reply More
Automakers seek to counter China slowdown

Automakers seek to counter China slowdown

XI’AN: As China’s economy loses pace and car sales flatline, automakers are having to redouble their efforts to squeeze every dollar from their dealerships – beefing up after-sales and financing services that are a staple in more developed markets. New car sales still make up a “ridiculous” 70 percent or more of dealer revenue in […]

September 18, 2015 | By | Reply More
Adobe revenue, profit forecast miss estimates, shares slip

Adobe revenue, profit forecast miss estimates, shares slip

VIENNA: Adobe Systems Inc’s lower-than-expected revenue and profit forecast for the current quarter overshadowed a strong rise in net subscriptions for its Creative Cloud software suite, sending its shares down 3.5 percent in extended trading. The company also said on Thursday that David Wadhwani, head of its digital media, was leaving to pursue a CEO […]

September 18, 2015 | By | Reply More
Federal Reserve holds rate at zero; cites China worries

Federal Reserve holds rate at zero; cites China worries

WASHINGTON: The Federal Reserve held its key interest rate locked at zero Thursday, citing worries about how the slowdown in China will hit the US economy. Fed Chair Janet Yellen said the economy continues to grow moderately and that a rate increase could still take place before the end of the year. However, policy makers […]

September 18, 2015 | By | Reply More
Fed rate decision lifts emerging currencies but stocks fall

Fed rate decision lifts emerging currencies but stocks fall

HONG KONG: The dollar retreated Friday, with emerging market currencies seeing healthy gains, after the Federal Reserve held off hiking interest rates, but most equities markets also fell after the bank’s downbeat outlook on the global economy. After one of the most eagerly awaited meetings in years, the US central bank’s head Janet Yellen said […]

September 18, 2015 | By | Reply More
Singapore on target for 15m tourists despite slow start

Singapore on target for 15m tourists despite slow start

SINGAPORE: Despite a lull in visitor arrivals earlier this year, the Republic is expecting to draw more than 15 million international visitors in 2015. Singapore Tourism Board chief executive Lionel Yeo told Reuters in an interview on Thursday (Sep 17) that it is “on target” to achieve 0 to 3 per cent growth in visitor […]

September 18, 2015 | By | Reply More