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Business

Iceland’s investment banking in crosshairs

Reykjavik: Few countries conjure up images of financial ruin like Iceland. Its economy was famously gutted in 2008 when its over-sized banks all collapsed within weeks of each other.

Economy

Moody’s: US interest rate hike impact on Malaysia minimal

KUALA LUMPUR: Malaysia’s exposure to the global economic vulnerability following the steep rise in US interest rates will be mitigated as the majority of the Government and economy’s debt is financed domestically through stable sources.

Economy

US interest rate hike impact on Malaysia is minimal

KUALA LUMPUR: Malaysia’s exposure to the global economic vulnerability following the steep rise in US interest rates will be mitigated as the majority of the government and economy’s debt is financed domestically through stable sources.

Business

IHH net profit falls to RM612mil

PETALING JAYA: IHH Healthcare Bhd posted revenue of RM2.63bil for the fourth quarter ended Dec 31, 2016, bringing its full year revenue to RM10.02bil, which was 18.4% higher than the corresponding period last year.

Business

Australia’s Origin Energy to spin off some assets in IPO

SYDNEY: Australia’s top energy retailer Origin Energy Ltd plans to sell some oil and gas producing assets in a listing tipped to fetch A$1bil (US$750mil), cutting debt and joining its main rival in reducing exposure to upstream production.

Business

Australia's Origin Energy to spin off some assets in IPO, cut debt

SYDNEY: Australia's top energy retailer Origin Energy Ltd plans to sell some oil and gas producing assets in a listing tipped to fetch A$1 billion (US$750 million), cutting debt and joining its main rival in reducing exposure to upstream production.

Corporate News

Tabcorp to buy Tatts for US$4.9bil

SYDNEY: Australia’s Tabcorp Holdings has agreed to acquire rival Tatts Group for around A$6.4bil (US$4.9bil), forming a gambling powerhouse in an effort to fend off a growing challenge from overseas online rivals.

Corporate News

Tabcorp to buy Tatts for US$4.9b, creating Australian betting powerhouse

SYDNEY: Australia's Tabcorp Holdings has agreed to acquire rival Tatts Group for around A$6.4 billion (US$4.9 billion), forming a gambling powerhouse in an effort to fend off a growing challenge from overseas online rivals.

Construction

Malaysia remains attractive for infrastructure sector investment - HSBC economist

KUALA LUMPUR: Malaysia will continue to be an attractive place for investments in the infrastructure sector despite facing some key structural issues in its economy, said Hongkong and Shanghai Banking Corp Ltd (HSBC).

Corporate News

IOI ready to settle RSPO issues

KUALA LUMPUR: Plantation giant, IOI Corp Bhd has submitted documents to comply with conditions set by the Roundtable on Sustainable Palm Oil (RSPO) for the lifting of the suspension.