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US consumer confidence jumps in July

29 July 2014

NEW YORK: US consumer confidence jumped in July to a monthly high not seen since October 2007, according to a private sector report released on Tuesday.

Nomura profit falls for 2nd straight quarter

29 July 2014

TOKYO: Nomura Holdings Inc reported a second straight quarter of profit decline as investors turned cautious on Japan's economic recovery prospects and held back on stock trading, knocking brokerage commissions far below last year's.

Yukos shareholders say would talk to Russia over $50 bln compensation

29 July 2014

MOSCOW: Shareholders of former Russian oil producer Yukos would be willing to discuss with Russia a court's decision to award them $50 billion in compensation, a spokesman for holding company GML said on Tuesday.

Rural votes, old traumas drive India's WTO brinkmanship

29 July 2014

NEW DELHI: With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling.

Airlines to push for independent guidance on airspace safety after MAS crash

29 July 2014

MONTREAL/TORONTO: Global airlines will push to get "neutral information" on whether to use or avoid airspace over conflict zones at Tuesday's meeting of the U.N. aviation agency and other airline bodies, a European-based airline industry source said.

Australian PM Abbott's tough stance on MH17 paying off

29 July 2014

SYDNEY: Embattled Australian Prime Minister Tony Abbott's forthright handling of the downing of Malaysia Airlines Flight MH17 appears to have paid off, a poll released on Tuesday showed, although his government has not enjoyed a similar spike in popularity.

PIDM aims to enhance public awarness of its activities

29 July 2014

KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) aims to increase the level of public awareness about its activities.

Russia-based Infowatch seeking to implement 20 projects in Malaysia

29 July 2014

KUALA LUMPUR: Russia-based global data loss prevention vendor, InfoWatch, is looking forward to implementing at least 20 projects in Malaysia in 2014 and 2015.

Siemens Malaysia targets 10% revenue increase this year

29 July 2014

KUALA LUMPUR: Siemens Malaysia Sdn Bhd is targeting revenue growth about 10 per cent this year driven by projects in the energy, infrastructure and cities sectors. President and Chief Executive Officer M Prakash Chandran said Siemens has four core business portfolios, namely, energy, infrastructure and cities, healthcare and industry.

Jaded Argentines brace for looming debt default

29 July 2014

BUENOS AIRES: Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default.

Goldman unit eyes foray into China amid metals financing scandal

29 July 2014

NEW YORK/SYDNEY/LONDON: Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share.

Solid stocks support Asia FX; Fed, U.S. data focused

29 July 2014

SINGAPORE: Most emerging Asian currencies rose on Tuesday as regional stocks touched fresh three-year highs, while caution grew before a slew of U.S. economic data and the Federal Reserve's policy meeting this week.

Demand for homes may taper after GST implementation

29 July 2014

KUALA LUMPUR: Property developer, UEM Sunrise Bhd, expects demand for homes to taper off after the implementation of the goods and services tax (GST) on April 1 next year, especially in the second quarter.

Biomass supply issue impedes industry growth

29 July 2014

KUALA LUMPUR: Biomass supply issue must be addressed first to enable small and medium enterprises (SMEs) from the biomass industry to grow, Malaysia Biomass Industries Confederation president Datuk Leong Kin Mun said.

Microsoft targeted in apparent Chinese anti-trust probe

29 July 2014

BEIJING: Microsoft Corp appears to be the latest U.S. company targeted by China for anti-trust investigation after government officials paid sudden visits to the software firm's Chinese offices on Monday.

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