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Business 31 May 2010 | 12:00 AM

When to start increasing interest rates?

WASHINGTON: The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke said Sunday.

Business 12 May 2010 | 12:00 AM

PIDM's jurisdiction to expand

KUALA LUMPUR: The Malaysia Deposit Insurance Corp (PIDM) is expanding its role from covering bank depositors to include policy holders of insurance and takaful schemes by establishing an insurance compensation scheme.

Business 22 Apr 2010 | 12:00 AM

BHP the focus of US anti-graft probe

SYDNEY: Global miner BHP Billiton has discovered potential violations of anti-graft laws relating to its exploration activities, in another blow to the mining industry's tarnished image.

Business 09 Apr 2010 | 12:00 AM

CIMB dual listing approved

PETALING JAYA: CIMB Group Holdings Bhd announced to Bursa Malaysia that the Securities Commission (SC) has vide its letter dated April 7 approved the proposed dual listing of CIMB shares on the Stock Exchange of Thailand (SET).

Business 08 Apr 2010 | 12:00 AM

Labuan set to be mature financial centre

KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) is targeting 20% growth in the number of companies incorporated in the jurisdiction this year versus 2009.

Business 04 Mar 2010 | 12:00 AM

Labuan IBFC set to be more competitive with new laws

KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) is expected to be more competitive in the international financial arena with the enactment of new laws governing the jurisdiction effective Feb 11.

Business 24 Feb 2010 | 12:00 AM

US panel: Toyota appears to have dismissed failures

WASHINGTON: Toyota Motor Corp revealed it faces a US criminal investigation into its handling of the safety problems that led to massive vehicle recalls, while a US congressional panel accused it of making apparently misleading statements.

Business 23 Jan 2010 | 12:00 AM

Darker shades of grey

HAVE you ever heard of something called a prop desk? The word 'prop' is the short form for 'proprietary' and refers to what is known as a proprietary trading desk or book.

Business 15 Jan 2010 | 12:00 AM

Federal judge rules electronic cigarettes can be imported into US

WASHINGTON: A federal judge said Thursday the Food and Drug Administration cannot stop shipments of electronic cigarettes into the United States.

Business 09 Jan 2010 | 12:00 AM

Japan Finance Minister backtracks on yen call

TOKYO: Japan's new Finance Minister Naoto Kan said that currency levels should be determined by markets, backtracking from his earlier call for a weaker yen after an apparent rebuke from the prime minister.