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Business 28 Mar 2013 | 12:00 AM

Malaysia bucks key regional markets

Malaysia's stock market bucked the key regional markets on Thursday on extended fund buying of Axiata, Tenaga and Genting Malaysia, despite some intermittent profit taking.

Business 28 Mar 2013 | 12:00 AM

PublicInvest Research downgrades UEM Land to Neutral

PublicInvest Research has downgraded UEM Land from Outperform to Neutral mainly due to the recent price surge.

Business 28 Mar 2013 | 12:00 AM

Asian shares fall, euro faint on euro zone worries

TOKYO: Asian shares fell and the euro remained under pressure on Thursday as weak euro zone data, a sluggish debt auction in Italy and fears of a potential run on Cyprus's banks stoked investors' concerns about instability in Europe.

Business 28 Mar 2013 | 12:00 AM

Cyprus reopens banks, under strict restrictions

NICOSIA: Cypriots are expected to descend in their thousands on Thursday on banks, which reopen with tight controls imposed on transactions to prevent fleeing depositors from cleaning out the vaults in a catastrophic bank run.

Business 27 Mar 2013 | 12:00 AM

Malaysia reviews operations of Islamic endowments

KUALA LUMPUR/DUBAI: The Malaysian government is reviewing the operations of Islamic endowments as it seeks ways to have them run by private corporations instead of religious bodies.

Business 27 Mar 2013 | 12:00 AM

S'pore home resales take a hit

SINGAPORE: BUYERS may be snapping up new private homes despite cooling measures but the resale market looks like it will end the first quarter with a whimper.

Business 27 Mar 2013 | 12:00 AM

Asian shares gain as U.S. recovery momentum instills optimism

TOKYO: Asian shares rose on Wednesday as positive U.S. data pointing to a moderate recovery in the economy offered comfort, while the euro eased on worries over the consequences of the Cyprus bank bailout deal which inflicts huge losses on wealthier depositors.

Business 27 Mar 2013 | 12:00 AM

Europe's financial crisis costing lives, suicides and infectious diseases on the rise

LONDON: Europe's financial crisis is costing lives, with suicides and infectious diseases on the rise, yet politicians are not addressing the problem, health experts said on Wednesday.

Business 26 Mar 2013 | 12:00 AM

Hiap Teck net profit soars

PETALING JAYA: Hiap Teck Ventures Bhd saw its net profit for the second quarter ended Jan 31, 2013 rising 11.6% to RM1.78mil from RM1.6mil in the previous corresponding period on lower operating expenses as a result of its cost-efficiency measures.

Business 26 Mar 2013 | 12:00 AM

S. Korea economy grows 2% in 2012, slowest in three years

SEOUL: South Korea's central bank confirmed Tuesday that the country's economy grew just 2.0 percent last year - the slowest rate for three years - on weak export growth and consumer demand.