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Business 28 Jan 2003 | 12:00 AM

Economists: US low interest rates could last until late summer

Economists cited turbulence on Wall Street over rising worries about a war with Iraq as a primary reason for why they think the Federal Reserve will leave interest rates at a 41-year low.

Business 31 Jan 2003 | 12:00 AM

AOL Time Warner posts US$100b loss

AOL Time Warner Inc on Wednesday posted a 2002 net loss of nearly US$100bil #8211; the largest annual loss in US corporate history #8211; and in a sign of further turmoil, media mogul Ted Turner said he would step down as vice-chairman.

Business 01 Feb 2003 | 12:00 AM

Disney posts higher Q1 earnings, sales

Walt Disney Co said both its earnings before one-off items and sales rose in its first quarter to Dec 31, with its media and theme parks units leading the rise in sales despite ongoing economic weakness.

Business 13 Feb 2003 | 12:00 AM

CBA H1 profit hit by write-down

B>SYDNEY:/BCommonwealth Bank of Australia Ltd (CBA) reported a near 50% fall in first-half net profit yesterday, taking a big write-down as tumbling equity markets stalled its ambitious plans to drive growth through funds management.

Business 13 Feb 2003 | 12:00 AM

Fairfax earnings for first half jump on pick-up in ads

B>SYDNEY: /B>Australia's second biggest newspaper publisher, John Fairfax Holdings Ltd, posted a strong jump in first-half profits yesterday, boosted by an advertising pick-up and cost cuts.

Business 15 Feb 2003 | 12:00 AM

DRB-HICOM sells 10% stake in tech unit to Yatina, four others

DRB-HICOM Bhd has entered into a share sale agreement with Datuk Yatina Yahaya and four others for the sale of a 10% stake in DH Information Technologies Sdn Bhd (DH Info Tech), a wholly-owned subsidiary of DRB-HICOM, for RM1mil.

Business 15 Feb 2003 | 12:00 AM

YTL a Malaysian grown utility giant

After snapping up Wessex Water, Tan Sri Francis Yeoh is thirsting for more utility businesses.

Business 17 Feb 2003 | 12:00 AM

Couple thrives in glove manufacturing despite tough competition

GLOVE manufacturing is a tough business and many players in the industry have fallen from grace over the years but a husband and wife team has managed to not only survive, but thrived to become one of the top five glove manufacturers in the country.

Business 18 Feb 2003 | 12:00 AM

Star pre-tax profit up 19.2%, to give dividend of 12.5 sen

STAR Publications (Malaysia) Bhd has declared a higher dividend of 12.5 sen, after posting a 19.2% increase in pre-tax profit to RM102.9mil for the year ended Dec 31, 2002.

Business 19 Feb 2003 | 12:00 AM

BP-PanGlobal tie-up to boost EZ card membership

BP MALAYSIA Sdn Bhd is confident its collaboration with PanGlobal Insurance Bhd will boost the company#039;s active EZ card member base to 400,000 by the year-end from 350,000 currently.