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LONDON: The government and central bank will flood Britain's banking system with more than 100 billion pounds ($155.43 billion), seeking to pump credit through an economy struggling to escape recession under the "black cloud" of the euro zone crisis.
SINGAPORE: Most emerging Asian currencies rose on Tuesday -- and headed for monthly gains -- as investors increased their bets that the European Central Bank and U.S. Federal Reserve would take steps to stimulate economicactivity.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) is bidding for projects totalling at least RM4bil and expects cashflow to be “steady” until next year, said chairman Datuk Nasarudin Md Idris.
KUALA LUMPUR: While the domestic banking sector has grown in its resilience and importance to the country, one question that has to be addressed is whether it is well-placed to support the development of the real economy, said Citibank Malaysia chief executive officer Sanjeev Nanavati.
SAN FRANCISCO: Zynga Inc unveiled a social network for gamers dubbed "Zynga with Friends" on Tuesday, hoping to wean itself from a longstanding, symbiotic relationship with Facebook Inc that has shaped two of Silicon Valley's closely watched Internet companies.
PERTH: Santos hiked the cost of its Gladstone LNG project on Thursday by 15 percent to $18.5 billion, saying it needs to find more gas ahead of a planned 2015 start-up, adding to evidence about the challenges facing Australia's coal seam gas industry.
PETALING JAYA: Leading provider of credit ratings, research and risk analysis, Moody’s Investors Service has maintained its stable outlook for the Malaysian banking system for the next 12 to 18 months in its most recent Banking System Outlook.