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French renewables power grid pilot shows limits of batteries in Europe

5 July 2015

NICE, France: A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe.

Saudi's SABIC unit, South Korea's SK in polyethylene projec

5 July 2015

DUBAI: Saudi Basic Industries Corp (SABIC) said on Sunday it had completed the formation of a joint venture with Korean petrochemical manufacturer SK Global Chemical Co to produce polyethylene products.

Greece votes in referendum with future in euro in doubt

5 July 2015

ATHENS: Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.

China curbs IPOs, enlists brokers in all-out bid to end market rout

5 July 2015

BEIJING/SHANGHAI: Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund.

In Monday’s SMEBiz: Steel Recon on the move, Atara Global

5 July 2015

KUALA LUMPUR: Monday’s SMEBiz highlights fire-fighting equipment manufacturer Steel Recon Industry, Atara Rims’ venture into car rims and IT start-up companies.

The short position . . .

4 July 2015

ONE of the key personalities in the corporate saga involving Lysaght Galvanized Steel Bhd has declared that there is no family tussle going on in the company.

Top pic. Quality: Getting quality up to mark is important for Proton given the three new models it will launch next year.Left pic.Harith: ‘We have to do everything within our ability to be successful.

Proton’s fight for survival

4 July 2015

National car company at its lowest ebb, looks to Suzuki for change in fortune

Toshiba accounting errors may be over $800m

4 July 2015

TOKYO: Toshiba Corp may need to mark down past earnings by over 100 billion yen ($814 million), more than double earlier estimates, after an ongoing investigation into past accounting practices found more irregularities, a source familiar with the matter said on Saturday.

Japan pledges $6 bln to Mekong nations as China prepares new bank

4 July 2015

TOKYO: Japan said on Saturday it would extend around $6 billion in development aid to Mekong region countries, as China prepares to launch a new institutional lender seen as encroaching on the regional clout of Tokyo and ally Washington.

Venezuela's unofficial exchange rate weakens past 500 per dollar

4 July 2015

CARACAS: Venezuela's unofficial exchange rate broke through 500 bolivars per dollar on Friday, according to a widely used website, as the socialist-run country's currency control system struggles to meet keen demand for greenbacks.

Europeans tried to block IMF debt report on Greece

4 July 2015

BRUSSELS: Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday.

Cheah: ‘You cannot invest in China like you’re investing in the West. The policies are different here. I’m talking about it as someone who’s close to China.’

The art of investment

4 July 2015

CHEAH places high importance on learning. He always seeks to reinvent himself by trying to master and learn new things. Having carved out a name for himself in the area of investment, Cheah shares some of his investment philosophies. He concedes that he does not know everything but have suggestions.

Cheah: ‘You cannot invest in China like you’re investing in the West. The policies are different here. I’m talking about it as someone who’s close to China.’

Still bullish on China

4 July 2015

CHAIRMAN of Value Partners Group Ltd Datuk Cheah Cheng Hye saw the 20% correction in Chinese stocks coming. That’s before the Shanghai Stock Exchange Composite Index (SSE) peaked in mid-June, after surging 150% in a year.

Greek shocks: Supporters of the Greek Communist Party scuffle with police during a demonstration outside the Federation of Greek Industries in Athens. The worst case scenario for Asia markets will be if the Greece saga continues to extend and the uncertainty will keep investors sidelined in the region. – AFP

Volatility to stay

4 July 2015

EMERGING markets, including Malaysia, will have to get used to fluctuations in their exchange rates and financial markets for the time being, as global risks keep changing and shifting.

Eye on stock

4 July 2015

MAYBE it is time to look back at AirAsia X (AAX) Bhd’s stock. The counter, which has been severely beaten down, could have reached its bottom.

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