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Business 01 Feb 2013 | 12:00 AM

Asian shares steady; regional PMI data dampens mood

TOKYO: Asian shares were on the defensive on Friday after a series of surveys on factory output signaled a tough outlook for the region's manufacturers, though Japanese equities were a notable exception, logging their longest winning run in 54 years on a weaker yen.

Business 01 Feb 2013 | 12:00 AM

Asian shares retreat after China PMI, U.S. payrolls eyed

TOKYO: Asian shares wiped earlier gains on Friday as a tepid Chinese manufacturing report dented sentiment, leaving investors on tenterhooks ahead of U.S. nonfarm payroll data due at 1330 GMT.

Business 25 Sep 2012 | 12:00 AM

M'sian market spooked by external factors, general elections speculation

KUALA LUMPUR: A combination of external news and speculation over when the 13th general election (GE 13) will be held is making the market gyrate over the recent weeks.

Business 16 Aug 2012 | 12:00 AM

China H2 trade outlook severe

BEIJING: China's trade outlook for the second half of 2012 will be more severe than in the first six months, darkened by the persistent European debt crisis and a slower than expected global economic recovery, the Commerce Ministry said on Thursday.

Business 12 May 2011 | 12:00 AM

Gasoline futures tumble as demand slides

NEW YORK (AP) - Gasoline futures tumbled almost 8 percent Wednesday after a government report showed the strongest evidence yet that higher pump prices are forcing Americans to drive less. Oil also dropped back below the US$100 mark.

Business 11 Jan 2011 | 12:00 AM

Central bankers say global economy recovering faster than expected

BASEL, Switzerland: The global economy is recovering faster than expected, the world's leading central bankers say, though they see dangers from inflation and rising food prices in emerging markets.hr noshade size=-1 width=50%>

Business 15 May 2010 | 12:00 AM

UMW’s long overdue plan to list O&G unit may excite local bourse

With the global economy recovering andmarket conditions improving steadily,particularly for the oil and gas sector, UMWHoldings' plan to revive the proposed initial public offering of the OG unit could just be timely.

Business 08 Dec 2009 | 12:00 AM

Perodua has no immediate plan to make hybrid cars

SHAH ALAM:b/b>Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has no immediate plan to manufacture hybrid vehicles as it wants to focus on producing 'affordable, mass-market' cars, said managing director Datuk Syed Abdull Hafiz Syed Abu Bakar.

Business 05 Dec 2009 | 12:00 AM

Will consumers and industries face another electricity tariff hike?

A stronger economic recovery is expected to drive electricity consumption higher in the coming months. Analysts say that if indications from players in the manufacturing sector are true, the market could see industrial demand turn positive.

Business 30 Nov 2009 | 12:00 AM

Abu Dhabi to aid Dubai on 'case by case' basis

ABU DHABI: Abu Dhabi, the wealthy capital of the United Arab Emirates, will #8220;pick and choose#8221; how to assist debt-laden neighbour Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.