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Business

Microsoft raises payout ahead of investor meeting

NEW YORK: Microsoft Corp raised its quarterly dividend by 22% and renewed its US$40bil share buyback programme, extending an olive branch to investors who are expected to grill its outgoing chief executive officer today about a costly foray into mobile devices.

Business

Ringgit at highest in more than five weeks against greenback

SINGAPORE: The Malaysian ringgit rose to its highest in more than five weeks on Wednesday, leading gains among emerging Asian currencies, as investors bet the U.S. Federal Reserve would scale back its monetary stimulus only modestly later in the day.

Business

SINGAPORE: The Malaysian ringgit rose to its highest in more than five weeks on Wednesday, leading gains among emerging Asian currencies, as investors bet the U.S. Federal Reserve would scale back its monetary stimulus only modestly later in the day.

Business

Focus on India's Rajan at first central bank policy meeting

India's new central bank governor will be under intense scrutiny when he chairs his first policy review Friday faced with the "impossible trinity" of a weak rupee, rising inflation and slowing growth.

Economy

Asia business sentiment drops sharply in Q3

Business sentiment among Asia's top companies deteriorated in the third quarter, interrupting three consecutive quarters of improvement, as global economic uncertainty continues to be the biggest concern for the region's firms, the latest Thomson Reuters/INSEAD Asia Business Sentiment survey showed.

Business

PARIS: Shares dipped and the dollar lost ground on Tuesday as investors consolidated positions before this week's U.S. Federal policy meeting at which the central bank is set to start scaling back stimulus

Business

Microsoft Raises Payout 22 Pct Ahead Of Investor Meet

NEW YORK: Microsoft Corp raised its quarterly dividend by 22 percent and renewed its $40 billion share buyback programme, extending an olive branch to investors who are expected to grill its outgoing CEO on Thursday about a costly foray into mobile devices.

Business

Austerity measures overshadow Malaysia's outlook

PETALING JAYA: Although Malaysia’s economic growth is expected to improve in the second half of the year on the strength of private investment and consumption, measures tailored to reduce the national debt and Government deficit may still weigh on the outlook.

Business

Govt hoping to reduce deficit in upcoming Budget 2014, gaming tax may increase

PETALING JAYA: A tax hike may be in the offing for the gaming sector in the upcoming Budget 2014, especially as the Government is hoping to reduce the country’s budget deficit, according to RHB Research.

Business

Dollar near 4-week low after Summers drops out of Fed race

TOKYO: The dollar stayed near a four-week low on Tuesday after Lawrence Summers' withdrawal from the race to lead the Federal Reserve reduced expectations of a faster pace of monetary policy tightening by the U.S. central bank.