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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.

Business

CI at 3-year high on smooth change

THE stock market welcomed the smooth transition of political leadership yesterday with the KLSE Composite Index (CI) closing five points higher at a 38-month high of 817 points despite bouts of profit taking.

Business

Astro included in MSCI Index

MORGAN Stanley Capital International (MSCI) yesterday announced the inclusion of Astro All Asia Network plc into its MSCI Standard indices effective Nov 12.

Business

Malaysia should focus on SME-type development, says Morgan Stanley

MORGAN Stanley Dean Witter believes Malaysia should move away from the single-track mass manufacturing export-oriented model funded by foreign direct investment into a more balanced dual-track model that pays more emphasis to the development of a thriving small- to medium-sized industry base.

Business

Stock market puts on another strong showing

IT WAS another strong day for the local stock market. Foreign buying of blue-chip stocks pushed the KLSE Composite Index (CI) 20 points higher.

Business

News in brief

News in brief on ASAS Dunia, Commerce-Asset-Holdings, Heitech Padu, Autoindustries, TA Unit Management, Aminvest, Philips Mutual, RHB Unit Trust, Symphony House, Alcan Inc, Nam Fatt, Juken Technology and Kamunting.