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Business 22 Jun 2013 | 12:00 AM

Global forex market

AT long last, US Federal Reserve chairman Ben Bernanke has offered some numerical guidance on the tapering off of quantitative easing (QE). That debate has roiled markets for the past month.

Business 27 Jul 2013 | 6:49 AM

Fed Stimulus Debate Leaves Dollar At Five-Week Low

LONDON: The dollar held at a five-week low and gold headed for its best month in over 1-1/2 years on Friday, after a report that the U.S. Federal Reserve will next week underline its intention to keep interest rates low for a long time.

Business 24 Aug 2013 | 12:00 AM

Perdana Petroleum eyes turnaround, better years ahead

2015 is the year to watch for Perdana Petroleum Bhd.

Business 21 Sep 2013 | 6:53 AM

Global Shares Hold At Five-Year High After Fed Stimulus Boost

LONDON: World shares steadied at a five-year high on Friday and bond and commodity markets were consolidating a week of major gains after the U.S. Federal Reserve's shock decision to keep its flow of stimulus steady.

Business 04 Oct 2013 | 6:56 AM

Little-known Hollywood investor to score with Twitter IPO

LOS ANGELES/ SAN FRANCISCO: When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet.

Business 16 Oct 2013 | 7:59 AM

Twitter picks NYSE for IPO even as losses widen

SAN FRANCISCO: Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year's most anticipated IPOs

Business 23 Oct 2013 | 6:59 AM

Wall Street up as jobs data supports US Fed policy

NEW YORK: U.S. stocks climbed on Tuesday, pushing the S&P 500 to yet another record high, after weaker-than-expected job creation last month reinforced expectations the Federal Reserve will hold the course on its economic stimulus into next year.

Business 14 Jan 2014 | 7:07 AM

Japan's Suntory to buy US spirits maker Beam for US$13.6bil Cash

LONDON/NEW YORK: Suntory Holdings Ltd on Monday said it would buy U.S. spirits company Beam Inc for US$13.6 billion cash in a deal that would make the Japanese company the world's third-largest spirits maker.

Business 10 Feb 2014 | 5:16 PM

Eyes on Fed's Yellen after poor jobs print for dollar

LONDON: Major currency markets held broadly steady on Monday ahead of what may prove an important week for expectations on the timing of central bank policy moves in Britain and the US over the next year.

Business 13 Feb 2014 | 8:19 AM

Global defence industry balance shifts, M'sian purchase watched

LONDON: Fuelled by growing strains in Middle East and Asia, global defense spending looks set to rise in 2014 for the first time since the 2008 financial crisis. In a closely watched competition, Malaysia is currently choosing between Boeing's F/A-18, Dassault's Rafale, the Eurofighter Typhoon, and Saab's Gripen.