Business

German Govt selling two properties in KL for RM225mil

PETALING JAYA: The German government is selling the two properties it owns in the heart of Kuala Lumpur for a potential combined worth of RM225mil.

Perodua Vivas lined up for sale. Proton and Perodua are expected to continue improving their market shares against foreign rivals next year.

Malaysian Automotive Institute sees local carmakers gaining market share

PETALING JAYA: The Malaysian Automotive Institute (MAI) expects Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) to continue improving their market shares against foreign rivals next year.

Sustained high demand for logs will keep supply tight and prices firm.

Weak CPO dampens timber stocks’ outlook

PETALING JAYA: Timber companies are benefitting from rising log prices and a cheaper ringgit but weaker crude palm oil (CPO) prices are keeping some analysts wary about their immediate prospect.

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Global oil markets slide, data shows glut building

NEW YORK: Global oil markets fell again on Wednesday in holiday-thin trade, extending more than a week of see-saw volatility as traders jousted over whether a growing supply glut had been fully priced in.

25 December 2014 | 7:45AM |

Oil & Gas

Japan US$29bil stimulus seeks quick boost for regional economies

TOKYO: Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a US$29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.

25 December 2014 | 7:54AM |

Economy

KLCI ends Wednesday marginally higher

KUALA LUMPUR: The FBM KLCI reversed its earlier losses and closed Wednesday marginally higher ahead of Christmas, boosted by gains in select blue chips and the overall firmer Asian markets.

24 December 2014 | 5:24PM |

Markets

Patriotism mixed with jokes as fans stream 'The Interview'

Given their first opportunity to watch Sony Pictures' comedy "The Interview" on Wednesday after a massive cyberattack nearly buried its release, viewers of the film described it as a chance to show their patriotism, as well as laugh.

25 December 2014 | 8:35AM |

Stocks

Thailand approves $643 mln in investment for 13 projects

BANGKOK: Thailand's investment agency said on Thursday it has approved applications for 13 projects worth 21.15 billion baht ($643 million), many involving renewable energy and power plants, as the pace of investment recovers after political turmoil early in the year.

25 December 2014 | 10:21PM |

Economy

Markets rise as Saudis maintain spending in 2015 budget

DUBAI: Gulf stock markets rose on Thursday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring the region that economic growth is unlikely to be hurt much by the plunge of oil prices.

25 December 2014 | 10:18PM |

Economy

Russia says currency crisis over, but inflation set to soar

MOSCOW: Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998.

25 December 2014 | 10:17PM |

Banking

Citi agrees to sell Japan retail banking to SMBC

TOKYO: Citigroup Inc has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the U.S. bank retreats from unprofitable businesses around the world.

25 December 2014 | 10:15PM |

Banking

Patriotism mixed with jokes as fans stream 'The Interview'

Given their first opportunity to watch Sony Pictures' comedy "The Interview" on Wednesday after a massive cyberattack nearly buried its release, viewers of the film described it as a chance to show their patriotism, as well as laugh.

25 December 2014 | 8:35AM |

Stocks

Japan US$29bil stimulus seeks quick boost for regional economies

TOKYO: Japan aims to give a quick boost to lagging regional economies and low-income households with subsidies, merchandise vouchers and other schemes in a US$29 billion stimulus package aimed at rejuvenating a two-year reflationary effort, a draft of the plan showed.

25 December 2014 | 7:54AM |

Economy

Oil spin-off stocks could face longer road to recovery

NEW YORK: As falling oil prices have ripped through energy stocks this year, five U.S. corporate spin-offs in the sector have not escaped the share price carnage and face a tougher road to recovery than more-established companies.

25 December 2014 | 7:51AM |

Oil & Gas

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