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Business

HSBC Malaysia eyes investment banking

HSBC Malaysia is keeping a sharp eye on the investment banking scene, especially for any potential early opening up of the sector to foreign banks, says Zarir J. Cama, deputy chairman and chief executive officer of HSBC Malaysia.

AseanPlus News

Arroyo’s hubby: I’m innocent

President Gloria Macapagal Arroyo's husband testified yesterday before the Philippine Senate, denying what he called trumped-up allegations that he is corrupt.

Business

Lend Lease slips into the red

Australian developer and real estate fund manager Lend Lease Corp Ltd reported yesterday a deep plunge into the red for 2002/03 after writing off A$945mil on its troublesome US businesses.

Business

Foreign business news in brief

News in brief on: 'SK Corp signs LNG pact with BP', 'MSCI adds 7 firms to global indices' and 'Vodafone nears deal on Japan unit'.

Business

Mitsubishi records 12% earnings rise

B>TOKYO: /B>Mitsubishi Corp, Japan#146;s biggest trading house, reported a 12% rise in quarterly profit yesterday on the back of solid performances in metals and energy, putting it on track for record full-year earnings.

Business

Penerbangan Malaysia bonds still on

PENERBANGAN Malaysia Bhd (PMB)#039;s planned US$500mil global bond issue will proceed and is likely to be launched in the fourth quarter, contrary to reports that the proposal has been called off.

Business

S. Korea earnings to reflect poor economy

With South Korea's economy on the brink of recession and prices for its key electronics exports in the doldrums, companies led by Samsung Electronics Co Ltd and Kookmin Bank are expected to report gloomy second-quarter numbers this month.

Business

Cross-border MAs set to take off

DESPITE a challenging external environment, the number of overseas acquisitions by Malaysian companies has held steady in the 1st half of this year. Going forward, merger and acquisition (Mamp;A) experts expect the number and value of cross-border Mamp;A deals involving Malaysian firms to surpass anything the country has seen before.

Business

Foreign business news briefs

Foreign business news briefs: 'BBC in £800mil capital market debut', 'Canon to spend big on basic research', and 'Toyota, Guangzhou in car JV talks'.

Business

Wall St wins big legal decision on research

B>NEW YORK: /B>Two US federal judges have thrown out lawsuits brought by investors who claimed that research from analysts at four of Wall Street's biggest firms caused them to lose money in the stock market.