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Business 22 Nov 2011 | 12:00 AM

Chevron fined US$28 million, faces Brazil spill backlash

RIO DE JANEIRO (Reuters) - Brazil's government slapped Chevron with a $28 million (17 million pounds) fine on Monday for causing an offshore oil spill, and the penalty could rise as the U.S. company faces a political backlash over the accident.

Business 12 Jan 2011 | 12:00 AM

Alaska pipeline being restarted

ANCHORAGE, Alaska: The operator of the trans-Alaska pipeline received approval to restart the 800-mile (1,300-kilometer) line, three days after a leak was found near a pump station at Prudhoe Bay.

Business 25 Jul 2009 | 12:00 AM

A great trade-off

WHEN the Terengganu Investment Authority (TIA) was set up with its much-touted air-tight governance structure, no one doubted that the biggest test to its paper-perfect concept would be in its execution. What we weren't prepared for was how soon that test would come. Rhetoric, meet reality.

Business 04 Jul 2009 | 12:00 AM

Letters to the editor

Business 23 May 2009 | 12:00 AM

State fund to focus on tourism, oil and gas

Terengganu Investment Authority aims for the state to be self sufficient in 2020.

Business 23 May 2009 | 12:00 AM

Terengganu has some bold targets amidst much scepticism

IT ought to be one of the country's greatest paradoxes - that oil and gas rich state Terengganu is one of the country's poorest states. And the main culprit is without a doubt the political wrangling over the state's major lifeline - oil royalties - and the cloak of uncertainty over its disbursement and utilisation.

Business 19 May 2009 | 12:00 AM

Malaysia's first state-established RM11b sovereign wealth fund identifies projects

The country's first state-established sovereign wealth fund, Terengganu Investment Authority (TIA), with an initial fund of RM11bil, has identified several high-impact investment projects in the tourism, energy and agriculture sectors in the state and around the country.

Business 17 Jan 2007 | 12:00 AM

StanChart expects lower interest rates in second half

Standard Chartered Bank expects the Malaysian overnight policy rate (OPR) to be cut in the second half of 2007 if the inflation rate is below 3%.

Business 21 Sep 2006 | 12:00 AM

StanChart: Key interest rate cut likely in Q3 2007

Standard Chartered Bank (StanChart) expects Bank Negara to cut its key interest rate, or overnight policy rate (OPR), by 25 basis points in the third quarter of next year.

Business 02 May 2006 | 12:00 AM

Bolivia's president orders army to natural gas fields

LA PAZ (AP) - President Evo Morales ordered soldiers to occupy Bolivia's natural gas fields Monday and threatened to evict foreign companies unless they give Bolivia control over the entire chain of production.