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Asian nations seen to lead growth in 2004

ASIAN economies are expected to continue outperforming the rest of the world in 2004 against the backdrop of an overall global recovery.

Business

MAs seen rising in 2004

B>NEW YORK: /B>After a drought of nearly three years, deal makers are optimistic about 2004, hoping that an improving global economy and companies#146; need to expand markets and widen product offerings will boost mergers and acquisitions (Mamp;As) worldwide.

Business

2004 shaping to be tech IPOs’ year

B>LONDON:/BInvestors, brace yourselves, 2004 is gearing up to be the year of the technology IPO.

Business

Dow ends at 2003 high, Nasdaq dips

B>NEW YORK: /B>The blue-chip Dow ended at its highest level in about 19 months for the fourth straight day on Friday, while the Nasdaq and the broad Standard Poor's 500 index declined, in whipsaw trading driven by 'witching,' the expiration of various derivative contracts.

Business

IT industry mood turns optimistic

Views from CEOs in the IT industry: Voon Seng Chuan of IBM Malaysia, V.R. Srivatsan of Oracle Corp Malaysia, Cheam Tat-Inn of Sun Microsystems Malaysia, and Lalit Kumar Gupta of Unisys Malaysia.

Business

Germany joins France in showdown over euro budget rules

Germany joins France in the European Union dock this week as finance ministers consider whether to punish the two overspenders for violating euro rules on deficits or let them off the hook yet again.

Business

Investment banks brace for hard fight

Investment banks are jostling to bag deals in Singapore and are willing to take a few bruises judging from a recent brawl over a share sale for shipping group Neptune Orient Lines Ltd (NOL).

Business

Morgan Stanley fined as probe widens

B>NEW YORK:/BMorgan Stanley has agreed to pay US$50mil to settle federal charges of mutual fund abuses as the investigation of the US$7 trillion industry widened amid further withdrawals of funds by investors in Putnam Investments.

Business

Astro falls as investors lock-in profits

Snapshots

Business

Zeti: Too early for global interest rate rise

THE global economic recovery is still too fragile for a round of rate tightenings, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said.