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Business 11 Aug 2012 | 12:00 AM

Next generation development concept

1MDB will spare no effort in building the state-of-the-art Tun Razak Exchange.

Business 13 Aug 2012 | 12:00 AM

KLCI closes at record high amid mixed market

The FBM KLCI closed at a record high of 1,646, just one point above the July 18 all-time high, supported by some fund buying of Petronas Gas, DiGi and Maxis though key regional markets were in the red.

Business 13 Aug 2012 | 12:00 AM

KLCI eases after hitting record high of 1,650

The FBM KLCI hit an all-time record high of 1,650.42 on Monday but lack of follow-through buying saw it easing slightly towards the midday break as the broader market showed some caution.

Business 13 Aug 2012 | 12:00 AM

Shares inch down as growth worries weigh

TOKYO: Asian shares edged lower on Monday as investors saw further evidence of slowing global growth, while the bleaker economic outlook kept hopes alive that authorities around the world will embark on more stimulus measures.

Business 13 Aug 2012 | 12:00 AM

Esprit pins hopes on new chief exec

FRANKFURT: Fashion retailer Esprit, which recently said it had “lost its soul” as it lost customers to rivals such as HM and Zara, has hired a former Zara manager to turn its fortunes around.

Business 14 Aug 2012 | 12:00 AM

Blue chips barely higher, CPO hits 10-month low

Blue chips were marginally higher at midday on Tuesday, underpinned by gains in DiGi and YTL Corp, but the broader market saw some profit taking on Petronas-linked stocks and Tenaga

Business 14 Aug 2012 | 12:00 AM

KLCI charts fresh record high, Asian markets advance

The FBM KLCI closed at a fresh record high when it closed above the 1,650 level on Tuesday, underpinned by consumer dividend stocks and plantations including PPB Group and IOI Corp.

Business 14 Aug 2012 | 12:00 AM

Boost for Cathay Pacific cargo sector

GEORGE TOWN: Cathay Pacific's new B747-8 will enhance the competitive edge of its commercial cargo segment, which has been affected by the global economic crisis.

Business 15 Aug 2012 | 12:00 AM

Carlyle, China firms bid US$3.5b for Focus Media

HONG KONG: US buyout fund Carlyle Group and some of Chinas top private equity funds are targeting the biggest ever delisting of a New York-listed Chinese company, attempting to privatise a firm directly targeted by shortseller Muddy Waters.

Business 15 Aug 2012 | 12:00 AM

Australian court deals blow to global tobacco giants

CANBERRA: Australia called on the rest of the world to match its tough new anti-tobacco marketing laws after its highest court on Wednesday dismissed a challenge from international cigarette companies in a major test case.