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Business 13 Aug 2008 | 12:00 AM

Australian bank posts 7% rise in annual profit

SYDNEY (AP) - Australia's largest bank by market value, Commonwealth Bank of Australia Ltd., posted on Wednesday a 7 percent rise in annual profit and forecast the local economy to grow modestly amid continued headwinds from the global credit crunch.

Business 01 Aug 2008 | 12:00 AM

Suzuki and Mazda post lower first quarter profits

Suzuki Motor Corp and Mazda Motor Corp reported weaker quarterly profits that fell largely within expectations and they kept their forecasts intact, leaving a comfortable currency buffer against looming headwinds.

Business 23 Jul 2008 | 12:00 AM

Wachovia second quarter loss at US$8.9bil

Wachovia Corp yesterday posted an US$8.86bil second-quarter loss, slashed its dividend, and announced 6,350 job cuts after losses tied to mortgages soared.

World 11 Jul 2008 | 12:00 AM

It's the summer-time blues for Obama, McCain

WASHINGTON (Reuters) - It is the summer-time blues for both Democrat Barack Obama and Republican John McCain.

World 11 Jul 2008 | 12:00 AM

It's the summer-time blues for Obama, McCain

WASHINGTON (Reuters) - It is the summer-time blues for both Democrat Barack Obama and Republican John McCain.

Business 03 Jul 2008 | 12:00 AM

US and UK asked to overhaul outdated banking regulations

LONDON (AP) - The United States must build a tougher regulatory system that can allow financial institutions to fail without causing wider economic turbulence, U.S. Treasury Secretary Henry Paulson said Wednesday in London.

Business 01 Jul 2008 | 12:00 AM

Aseambankers cuts KLCI year-end target to 1,220

Aseambankers Equity Research has lowered its year-end target for the Kuala Lumpur Composite Index to 1,220 based on a target 2009 price-to-earnings ratio (PER) of 13 times.

Business 31 May 2008 | 12:00 AM

Gamuda likely in for choppy times

Construction and engineering group Gamuda Bhd may be in for some choppy times, given the company's exposure to the property sector in Vietnam, which is facing soaring inflation, a plunging stock market and a depreciating currency.

Business 20 May 2008 | 12:00 AM

Fund managers turn defensive

Five fund managers and heads of research shared their views on the stock market and favourite stocks at aroundtable discussion at Menara Star. The participants were Aseambankers Equity Research head VincentKhoo, icapital.biz Bhd head Tan Teng Boo, Meridian Asset Management chief investment officer Tan BengLing, CIMB-Principal Asset Management chief investment officer Raymond Tang and TA Securities HoldingsBhd head of research Kaladher Govindan.

Business 12 May 2008 | 12:00 AM

RAM sees GDP expanding at 5% to 6%

RAM Holdings' earlier forecast of 5.8% growth for Malaysia in 2008 was predicated on low US economic growth, a slight slowdown in the global economy and stronger government spending push in 2008 under the Ninth Malaysia Plan (9MP).