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Saudi Arabia asserts authority at Opec meet
Saudi Arabia asserted its authority yesterday as the world's biggest oil producer as Opec ministers met here to discuss a proposal from the kingdom to boost the cartel's output.
John McGowan takes over as treasurer of HSBC
HSBC Bank Malaysia Bhd said John McGowan has been appointed its treasurer, taking over from Hong Aik-Sai who was recently appointed head of global markets for HSBC in Japan.B/B>
Greenspan assurance on rates calms investors’ nerves
The assurance by Federal Reserve chairman Alan Greenspan that any increase in US interest rates would be 'measured' has calmed the nerves of investors but is not expected to lead to much buying conviction in the immediate term, say analysts.
Self-employed laud private pension scheme
Jack Low, a lawyer in his 30s, has been self-employed for more than three years.
Citigroup gets Bahrain mandate for bonds
The Bahrain Monetary Agency has mandated Citigroup Inc to manage its first issue of international Islamic bonds worth US$250mil, a BMA official said yesterday.
Dell's new chief executive bullish about Japanese market
Kevin Rollins, on his first visit to Japan as Dell Inc.'s chief executive, said Tuesday the country is a strategic market that is growing at a record pace for the U.S. computer maker.
New Islamic securities guidelines
WITH the release yesterday of the Guidelines on the Offering of Islamic Securities (IS Guidelines) by the Securities Commission (SC), Islamic securities offers will no longer be subject to the Guidelines on the Offering of Private Debt Securities that apply to conventional bonds.
Rio Tinto H1 net profit surges on strong global demand
Anglo-Australian mining giant Rio Tinto Plc said on Thursday its net profit for the first six months this year rose to US$1.44bil, from US$641mil a year ago, fuelled by strong global demand and high commodity prices.
Oil price at US$44 and US terror alert weigh on market
CONCERN over high oil prices, warning of a terrorist attack, and weaker-than-expected US economic data sent stocks on Bursa Malaysia lower, and the Kuala Lumpur Composite Index (KLCI) to its lowest point in a month.
RM50m Maybank loans for ICT
MALAYAN Banking Bhd (Maybank) plans to give out loans totalling at least RM50mil within a year under I>Maybank ITplus/I>, its new financing package that is aimed at helping small and medium-sized enterprises (SMEs) to acquire information and communications technology (ICT).
