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Business 19 Aug 2004 | 12:00 AM

Oil futures rise to US$47.04 on supply fears

US oil futures rose to US$47.04 a barrel after the Organisation of Petroleum Exporting Countries (Opec) said it was raising its forecast for global oil demand for 2004 and 2005, and on jitters over supplies from Iraq and Russia, ahead of US inventory data.

Business 10 Aug 2004 | 12:00 AM

RM50m Maybank loans for ICT

MALAYAN Banking Bhd (Maybank) plans to give out loans totalling at least RM50mil within a year under I>Maybank ITplus/I>, its new financing package that is aimed at helping small and medium-sized enterprises (SMEs) to acquire information and communications technology (ICT).

Business 03 Aug 2004 | 12:00 AM

Oil price at US$44 and US terror alert weigh on market

CONCERN over high oil prices, warning of a terrorist attack, and weaker-than-expected US economic data sent stocks on Bursa Malaysia lower, and the Kuala Lumpur Composite Index (KLCI) to its lowest point in a month.

Business 31 Jul 2004 | 12:00 AM

Rio Tinto H1 net profit surges on strong global demand

Anglo-Australian mining giant Rio Tinto Plc said on Thursday its net profit for the first six months this year rose to US$1.44bil, from US$641mil a year ago, fuelled by strong global demand and high commodity prices.

Business 27 Jul 2004 | 12:00 AM

Dell's new chief executive bullish about Japanese market

Kevin Rollins, on his first visit to Japan as Dell Inc.'s chief executive, said Tuesday the country is a strategic market that is growing at a record pace for the U.S. computer maker.

Business 27 Jul 2004 | 12:00 AM

New Islamic securities guidelines

WITH the release yesterday of the Guidelines on the Offering of Islamic Securities (IS Guidelines) by the Securities Commission (SC), Islamic securities offers will no longer be subject to the Guidelines on the Offering of Private Debt Securities that apply to conventional bonds.

Business 01 Jul 2004 | 12:00 AM

Citigroup gets Bahrain mandate for bonds

The Bahrain Monetary Agency has mandated Citigroup Inc to manage its first issue of international Islamic bonds worth US$250mil, a BMA official said yesterday.

Business 22 Jun 2004 | 12:00 AM

Self-employed laud private pension scheme

Jack Low, a lawyer in his 30s, has been self-employed for more than three years.

Business 18 Jun 2004 | 12:00 AM

Greenspan assurance on rates calms investors’ nerves

The assurance by Federal Reserve chairman Alan Greenspan that any increase in US interest rates would be 'measured' has calmed the nerves of investors but is not expected to lead to much buying conviction in the immediate term, say analysts.

Business 09 Jun 2004 | 12:00 AM

John McGowan takes over as treasurer of HSBC

HSBC Bank Malaysia Bhd said John McGowan has been appointed its treasurer, taking over from Hong Aik-Sai who was recently appointed head of global markets for HSBC in Japan.B/B>