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Business

ECB hurls cash at economy, says not done yet

FRANKFURT: The European Central Bank cut interest rates to record lows on Thursday, launched a series of measures to pump money into the sluggish euro zone economy, and pledged to do more if needed to fight off the risk of Japan-like deflation.

Business

Advisers turn to alternative mutual funds on US rate rise fears

NEW YORK: Investment advisers, bracing for the U.S. Federal Reserve to raise interest rates, are seeking alternatives to plain-vanilla bond funds, and some are turning to mutual funds that employ hedge-fund-like tactics, including the ability to bet against securities.

Business

Reach for the stars

AMID a rout in the shares of Sona Petroleum Bhd and the still-untested business models of special-purpose acquisition companies (SPACs), soon-to-be-listed Reach Energy Bhd will have much to prove as the new kid on the block.

Business

China's rich look abroad as home prices fall

BEIJING: Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any time soon.

Business

Port Klang to be among world's busiest ports in 2016

PORT KLANG: The Port Klang Authority (PKA) is confident of breaking into the Top 10 list of the world’s busiest ports in two years’ time, driven by the expansion of both its terminal operators and, surprisingly, the support of the controversial Port Klang Free Zone (PKFZ) that has taken off quite well.

Business

Pharmacist chooses a different career path and enjoys success

Lee Joyce has always had a keen interest in business, which certainly came in handy when she decided to switch career paths a few years ago.

Business

Investors to shift focus from trouble spots

BRUSSELS: Investors will shift focus this week from trouble spots such as Portugal’s biggest listed bank to a marathon testimony by the US Federal Reserve chair that could help chart a global path towards post-crisis “normalisation”.

Business

Kenanga Research retains Malaysian REITs at Overweight

KUALA LUMPUR: Kenanga Investment Research is maintaining its Overweight recommendation on Malaysian real estate investment trusts (MREITS) despite the 25 basis points rise in the Overnight Policy Rate (OPR) to 3.25%.

Business

RAM Ratings reaffirms KL Kepong’s ratings

KUALA LUMPUR: RAM Rating Services has reaffirmed the global corporate credit ratings of Kuala Lumpur Kepong Bhd (KLK) at gA3/Stable/gP2.

Business

Food trucks start to gain traction in the Klang Valley

There is a new business trend in town, and it appears to be picking up speed.