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

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

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

CCCG to buy US$775mil stake in Greentown China

HONG KONG: Property developer Greentown China Holdings Ltd said state-owned China Communications Construction Group Ltd (CCCG) is buying a 24.29% stake in it for about US$775mil, days after a planned stake sale to another firm failed.

25 December 2014 | 12:00AM |

Stocks

SMBC to buy Citi Japan retail business in October

TOKYO: Sumitomo Mitsui Banking Corp (SMBC) will buy Citigroup Inc’s Japanese retail banking operations in October for about 40 billion yen (US$330mil), people with knowledge of the matter said.

25 December 2014 | 12:00AM |

Stocks

Russia to help in loan refinancing

MOSCOW: Russia’s central bank said it would help major Russian companies refinance foreign loans by starting lending money in hard currencies to those who are willing to put their foreign loans as collateral with the regulator.

25 December 2014 | 12:00AM |

Banking

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