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Business 24 Sep 2012 | 12:00 AM

Most Greeks feel new austerity measures are unfair

ATHENS: An overwhelming majority of Greeks believe new austerity measures the government has promised its international lenders in exchange for more financial aid are unfair and hurt the poorest sections of society, according to a poll on Saturday.

Business 02 Aug 2012 | 12:00 AM

Strike and vacation hit Hyundai, Kia sales

SEOUL: South Korean carmaker Hyundai Motor saw its monthly global sales expand at its slowest pace in 16 months in July, as two-day, partial walkout by its domestic factory workers, along with summer vacations, hurt production.

Business 11 Jul 2012 | 12:00 AM

RBS, Commerzbank and Standard Bank abort Dubai Group’s US$10b deal

DUBAI: Royal Bank of Scotland and two other banks have abandoned talks on restructuring Dubai Group’s US$10bil debt and threatened to bring unprecedented legal action against the investment vehicle of Dubai’s ruler, sources close to the matter said.

Business 05 Jul 2012 | 12:00 AM

Provincial cash crunch triggers strike in Argentina

BUENOS AIRES: Public-sector workers in Argentina's largest province went on strike over pay on Wednesday in a challenge to the popular, centrist governor seen as a potential successor to President Cristina Fernandez.

Business 05 May 2012 | 12:00 AM

Engagement with employees vital

ASK any company and the usual mantra will be the customer comes first. That’s true even for Malaysia Airlines but now the happiness of the employee is something the airline has realised is crucial.

Business 02 May 2012 | 12:00 AM

U.S. May Day protests draw police but most are peaceful

NEW YORK/OAKLAND, California (Reuters) - Occupy Wall Street protesters smashed windows in Seattle, fled police on scooters through the streets of New York and clashed with officers in Oakland on Tuesday in May Day demonstrations intended to revive their movement against economic injustice.

Business 24 Jun 2011 | 12:00 AM

Maybank and CIMB no longer pursuing RHB Cap

PETALING JAYA: The grand deal that would have created a regional banking champion has fallen flat even before it could take off. Barely a month after they expressed their interest to take over RHB Capital Bhd, both Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd announced yesterday that they were no longer pursuing merger talks with the country's fifth largest bank.

Business 25 Feb 2011 | 12:00 AM

A voice for change

THE walkout and calling for a boycott of the PLUS Expressways Bhd EGM on Wednesday by some minority shareholders is not surprising.

Business 24 Feb 2011 | 12:00 AM

PLUS takeover gets nod

PETALING JAYA: PLUS Expressways Bhd received approval from its shareholders on a RM23bil takeover bid by major shareholders UEM Group and the Employees Provident Fund (EPF) despite a commotion followed by a walkout of minority shareholders.

Business 23 Feb 2011 | 12:00 AM

PLUS buyout deal goes through despite small "ruckus"

PLUS Expressways Bhd received approval from its shareholders on a RM23bil takeover bid by major shareholder UEM Group and the Employee Provident Fund (EPF) despite a small ruckus followed by a walkout of minority shareholders.