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Business 14 Sep 2009 | 12:00 AM Premium

Look East no more?

IN the late 1980s, Japan, at the height of its economic prowess, could do no wrong. Malaysia and even the West were emulating the Japanese way of doing things. Our then prime minister Tun Mahathir Mohamad even instituted the 'Look East' policy where Japanese business practices and policies were encouraged.

Business 16 Nov 2009 | 12:00 AM Premium

S&P 500 faces 1,100 and searches for new catalyst

NEW YORK: US stocks could face difficulty gaining traction this week as the SP 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.

Business 23 Nov 2009 | 12:00 AM Premium

Local-made MPVs engine of growth

PETALING JAYA: The local multi-purpose vehicle (MPV) segment is expected to see the biggest growth in sales in 2009, driven by the introduction of the Proton i>Exora/iin April and the launch of Perusahaan Otomobil Kedua Sdn Bhd's (Perodua) MPV today.

Business 02 Dec 2009 | 12:00 AM Premium

US November auto sales struggle to gain ground

DETROIT: U.S. auto sales struggled to gain ground in November and big improvements aren't expected until people stop worrying about losing their jobs.

Business 04 Dec 2009 | 12:00 AM Premium

US economy poised for steady but slow recovery

WASHINGTON: New unemployment claims have fallen for a fifth straight week, boosting expectations that the U.S. economy shed fewer jobs in November and remains on a path to recovery.

Business 10 Dec 2009 | 12:00 AM Premium

China Shipbuilding share offer raises US$2.2bil

SHANGHAI: China Shipbuilding Industry Co, the country's largest ship equipment maker, raised US$2.2bil in a heavily subscribed IPO priced at the top end of expectations, despite a tough outlook for the global shipping industry.

Business 08 Jan 2010 | 12:00 AM Premium

Arcelor and Posco gear up for new India ventures

NEW DELHI: The world's leading steelmakers ArcelorMittal and Posco have plans for US$14bil of new investment in India, despite a history of delays in their existing projects.

Business 08 Jan 2010 | 12:00 AM Premium

Oil falls below US$83 on stronger US$

NEW YORK: Oil prices fell below $83 a barrel Thursday as the US dollar strengthened and investors worried a 20 percent rally in the last few weeks isn't justified amid sluggish U.S. crude demand.

Business 16 Jan 2010 | 12:00 AM Premium

China tempers expectations for trade

BEIJING: China's exports will make a slow recovery in 2010, a government spokesman said yesterday, trying to cool expectations about the economy's prospects after robust December trade figures this week ignited fears of overheating.

Business 10 Feb 2010 | 12:00 AM Premium

ArcelorMittal posts $1.07 billion 4Q profit

BRUSSELS (AP): ArcelorMittal SA, the world's largest steel maker, on Wednesday posted a fourth quarter profit of $1.07 billion and said it sees steel demand strengthening after a sluggish year.