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Business 07 Mar 2014 | 11:35 AM

Ford’s Mullaly gets US$13.8mil in stock for 2013 performance

DETROIT: Ford Motor Co Chief Executive Alan Mulally was awarded performance bonuses for 2013 worth US$13.8mil, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday

Economy 27 Dec 2013 | 4:15 PM

China 2013 trade growth to miss official target, FDI to hit record high

China's total exports and imports are expected to reach US$4.14tril in 2013, Commerce Minister Gao Hucheng said on Friday, a figure that indicates an annual trade growth rate of 7%, a touch lower than the official target of 8%.

Business 11 Mar 2014 | 10:20 AM

IBM CEO's take-home down 14% in 2013

REUTERS: International Business Machine Corp Chief Executive Virginia Rometty was paid US$13.97mil in 2013, down from US$16.2mil she took home in 2012, according to documents filed with the SEC on Monday.

Business 22 Apr 2014 | 3:22 PM

Takaful announces record dividends for 2013

KUALA LUMPUR: Following a sterling year in 2013, Syarikat Takaful Malaysia Bhd announced a final single tiered dividend of 40%, which has already been approved by shareholders at its AGM on Tuesday.

Business 22 Aug 2013 | 9:09 AM

UBS predicts Malaysia’s 2013 GDP at below 5%

PETALING JAYA: Malaysia’s gross domestic product (GDP) is unlikely to surpass 5% in 2013, given the weaker 4.1% growth achieved in the first quarter of the year, according to UBS Investment Bank.

Business 24 Mar 2014 | 10:52 AM

Li Ning 2013 net loss narrows on restructuring

HONG KONG: Li Ning Co Ltd spilt red ink for a second straight year in 2013 but the loss was much smaller than the previous year as China's best known sportswear company offered fewer retail discounts and replenished inventory faster.

Economy 31 Dec 2013 | 5:23 PM

S'pore economy recovers in 2013, PM sees need for foreign workers

Singapore's economy grew by 3.7% in 2013, Prime Minister Lee Hsien Loong said on Tuesday, as he stressed the need for a balanced approach on foreign workers, whose presence has underpinned growth but riles some citizens.

Business 23 May 2013 | 11:43 AM

HP raises 2013 outlook as Whitman's plan takes hold

SAN FRANCISCO: Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services.

Business 28 Jan 2014 | 10:07 AM

Global smartphone shipments top 1 billion in 2013

BEIJING: Global smartphone shipments topped 1 billion units for first time in 2013, climbing 38.4% from the previous year to 1.004 billion units, research firm IDC said.

Business 10 Nov 2012 | 12:00 AM

RBA now predicting annual growth of just under 2.75% for 2013

SYDNEY: Australias central bank cut its 2013 growth forecast, warning the mining boom will peak earlier and at a lower level than expected as weaker commodity prices curb investment plans.