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Business 19 Jan 2015 | 12:00 AM

Oil slump slashes SABIC earnings

DUBAI: Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, posts a 29% plunge in fourth-quarter net income, widely missing analysts' forecasts because of the tumble of global oil prices.

Business 17 Jan 2015 | 9:27 PM

China central bank scholar sees GDP growth up to 7.3% in 2015

SHANGHAI: China's economic growth may be as high as 7.3 percent this year, partly due to falling commodity prices, the official Xinhua news agency quoted an academic advisor to the central bank's monetary policy committee as saying on Saturday.

Business 17 Jan 2015 | 6:51 AM

M'sian palm oil price falls to 1-wk low, posts biggest weekly drop in 7

KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in over a week on Friday as volatile crude oil prices and lacklustre export demand dampened buying interest in the tropical oil, dragging the contract to its biggest weekly drop in seven.

Business 17 Jan 2015 | 6:38 AM

US stocks rally after 5 down days; ends down for week

NEW YORK: U.S. stocks rallied on Friday after five sessions of losses, helped by a sharp rebound in energy shares and data that signaled the U.S. economy was on track for solid growth.

Property 17 Jan 2015 | 12:00 AM

China funds make good entry points

China market continues to show upside, with India and Indonesia markets following suit.

Commodities 17 Jan 2015 | 12:00 AM

Are you financially prepared for 2015?

LET’S face it – the year 2015 promises a lot of uncertainties.

Corporate News 17 Jan 2015 | 12:00 AM

Revisiting the national budget

Government needs to revise 2015 fiscal spending priorities on falling crude oil prices and flood reconstruction efforts

Property 17 Jan 2015 | 12:00 AM

No silver lining in sight for O&G sector

AS it appears, there’s no silver lining in sight for the oil and gas (O&G) sector that continues to see worrisome developments.

Economy 17 Jan 2015 | 12:00 AM

The short position

ATTENTION will be on just what Prime Minister Datuk Seri Najib Tun Razak reveals when he makes a statement on Budget 2015’s revisions next week.

Economy 17 Jan 2015 | 12:00 AM

Challenging outlook for the economy this year

WITH the mega merger now called off, all parties are going their separate ways to run their businesses. When the merger was being worked on, it was natural for employees of CIMB Group Holdings Bhd, RHB Bank Bhd and Malaysia Building Society Bhd to be a little cautious in the risks they took.