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Business

Perak Corp calls to ratify unit’s deal

KUALA LUMPUR: Perak Corp Bhd has called for an EGM on Feb 28 to ratify the acquisition by its wholly owned subsidiary Taipan Merit Sdn Bhd.

Business

Rep nomination – the ball is in Integrax’s court

PETALING JAYA: It's now up to the Integrax Bhd nomination committee to name a representative of Perak Corp Bhd on its board as the latter is currently deemed as a major shareholder of the port operator.

Business

US waits for economic reforms by new partner India

WASHINGTON: President Barack Obama calls U.S. relations with India a defining partnership of the 21st century. But despite India's approval this week of a major defense deal, the U.S. still has a hard time doing business with the world's second most populous nation.

Business

Lebanon and Israel should explore for gas, oil

UNITED NATIONS: A senior U.N. envoy urged Lebanon and Israel on Thursday to promote oil and gas exploration off their coasts despite a dispute over their maritime border.

Business

Greece activates rescue fund to save Greece' Proton Bank

ATHENS, Oct 10 (Reuters) Greece's central bank said on Monday it activated a bank rescue fund to save Proton Bank , effectively nationalising the small lender that is under investigation for possible violation of the country's moneylaundering laws.

Business

Ringgit weakens, stock market up

PETALING JAYA: The ringgit, which strengthened against the greenback last week, has weakened since Monday and is expected to continue showing weakness as long as concerns over the eurozone's sovereign debt crisis remains.

Business

S’pore policy to impact ringgit

PETALING JAYA: The Monetary Authority of Singapore's (MAS) move to curb the Singapore dollar's gains will have negative consequences on the ringgit due to the close trade links between Singapore and Malaysia.

Business

EU bank recap could be under 100 billion euro: report

LONDON (Reuters) - Europe's plan to strengthen its banking system is set to fall well short of market expectations, the Financial Times reported on Thursday.

Business

The eurozone isn't Europe, let the IMF sort out this debacle

A eurozone may survive, but it will not be the present 17-member state eurozone. What will emerge, if it is to survive, will be smaller and more focused around German financial and monetary disciplines.

Business

Italy, Spain bond auctions’ success reflects easing of market jitters

BRUSSELS: Negotiators reached an outline deal on Thursday on a European pact to restore balanced budgets and Greece voiced hope it would secure a private debt write-down, as Italy and Spain sailed through their first bond auctions of the year.