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Business

Economists dispel oil shock fears

As crude oil prices yesterday resumed their upward surge #8211; touching US$41.35 per barrel for US light crude and US$38.25 for Brent crude in early London trade #8211; concern is rife that the world might be headed towards another oil shock that could set the global economy into a tailspin.

Business

Foreigners buy China bad debt assets

Consortiums led by Morgan Stanley and Deutsche Bank have bought bad assets with a face value of around US$483mil from China Construction Bank, in the latest move by banks to clean up their balance sheets ahead of listings.

Business

Saudi terror attacks add fuel to oil prices

Crude oil prices, on an uptrend for over a year, are now increasingly being felt in higher prices for goods as transport and freight charges rise. Economists also fear they could slow the growth of the world economy. In a series of articles beginning today, I>StarBiz/Iexamines their impact on the economy and the business sectors most affected.

Business

Japan production up in April

News in brief

Business

Versus the CI

By P.W.Thong.

Business

Lehman eyes bigger share of Asia hedge fund trade

Lehman Brothers Holdings Inc, which retreated from some of its Asian operations in the late 1990s, is expanding again as it competes for a share of the region's growing hedge fund and institutional business.

Business

Morgan: Malaysia GDP growth impressive

Morgan Stanley said Malaysia's first-quarter 2004 gross domestic product growth of 7.6% was impressive and described it as having made 'surprises on the upside'.

AseanPlus News

Number of Net users ranks second

THE number of Internet users reached 80 million in China last year, ranking second in the world and is only next to the US.

Business

QBE buys ING’s 50% stake in Aussie venture

QBE Insurance Group Ltd, Australia's largest international property and casualty insurer, agreed to buy ING Groep NV's 50% stake in their Australian venture for A$765mil, part of its plan to double premium income in the Asia-Pacific region.

Business

Return of bargain hunters helps KLCI regain some lost ground

THE Kuala Lumpur Composite Index (KLCI) managed to regain some lost ground yesterday as bargain hunters emerged to take advantage of the market's oversold position that had resulted from four consecutive days of falls.