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Business 05 Sep 2008 | 12:00 AM

StanChart to hire more for HK consumer banking

Standard Chartered Plc, the UK bank that gains most of its profit in Asia, aims to employ 50% more staff at its consumer banking unit in Hong Kong even as it projects slower growth in the city.

Business 23 Sep 2008 | 12:00 AM

Fitch sends GM's rating deeper into junk status

DETROIT (AP) - Fitch Ratings downgraded General Motors Corp.'s credit rating deeper into junk status Monday, saying the automaker faces headwinds in almost every direction and its liquidity could drop to minimum required levels'' within the next year.

Business 29 Sep 2008 | 12:00 AM

Fallout from US crisis

AT the Hot Seat Forum organised by the Friedrich Naumann Foundation in Kuala Lumpur way back in 2005, many did not take me seriously when I spoke of an impending financial and economic meltdown in the United States. The audience was even more skeptical when I said that the crunch was likely to take place in 2008.

Business 13 Oct 2008 | 12:00 AM

KLCI faces more headwinds

Stock Market Signals: A weekly column on the Main Board of the MSEB by G.M. Teoh. He says: The worldwide market crash is not going to be followed by a sharp and quick recovery and people would have to be prepared for a prolonged bear market

Business 21 Oct 2008 | 12:00 AM

China Q3 GDP slows to 9%

China's growth rate slowed to 9% in the third quarter, dragged down by the global credit crisis and a weak property sector, leaving the economy on course for its first year of single-digit expansion since 2002.

Business 08 Nov 2008 | 12:00 AM

Aussie banks’ exposure to two failed firms at US$1bil

Australian banks' exposure to two failed local corporates has increased to at least A$1.6bil and is likely to add to pressure on the banks to raise more capital in the near term.

Business 03 Dec 2008 | 12:00 AM

Citibank M’sia strong enough to beat crisis

Citibank Bhd (Citibank Malaysia), the locally incorporated subsidiary of New York-based Citigroup Inc, says it is financially sound and is prepared to weather the ongoing global economic and financial crisis.

Business 06 Dec 2008 | 12:00 AM

Malaysian Bond Market

THE MGS market experienced a strong rally in the past two weeks after the OPR cut on Nov 24, fuelled by expectation of further rate cuts as the November Monitory Policy Committee (MPC) statement points to heightened downside risks to growth and receding inflation threats.

Business 08 Dec 2008 | 12:00 AM

US stocks in for more headwinds

Extending last Friday's rally into this week is a tall order for US stocks, given more data set to show the job market and retail sector are in deep distress and little hope for a respite from dismal corporate outlooks.

Business 10 Dec 2008 | 12:00 AM

Campbell's to keep growing in Russia and China

MILWAUKEE (AP) - Campbell Soup Co.'s top executives said Tuesday the company will continue to support its market-leading brands in the United States but also keep expanding in emerging markets like Russia and China.