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Business 24 Oct 2013 | 12:00 AM

RBA wins A$8.8bil treasury grant

SYDNEY: Australia’s new conservative government said it will make a one-off A$8.8bil (US$8.5bil) grant to the Reserve Bank of Australia (RBA) to strengthen its finances, a day after it announced plans to lift the national debt ceiling by more than two thirds.

Business 23 Oct 2013 | 12:00 AM

Australia to raise debt limit to A$500bil

SYDNEY: Australia’s new conservative government plans to raise its debt ceiling by two-thirds to A$500bil (US$483bil), according to Treasurer Joe Hockey, heading off concerns the country could reach its limit before Christmas.

Business 15 Oct 2013 | 12:00 AM

Foursome hopes to expand on a tight market

THERE seems to be an obsession for compression wear in the world of fitness, with runners, gym junkies and even neighbourhood joggers wearing the usually black attire that looks three times smaller than their regular clothing size.

Business 10 Oct 2013 | 12:00 AM

Good money in gifts

TONY Telak Chan started from the very bottom to achieve success with TC Art Distributors Sdn Bhd, but it was not an easy journey, nor were there any short cuts.

Business 13 Aug 2013 | 8:26 AM

California Billionaire Lifts Lid On US$6bil 'Hyperloop' Futuristic Transport at 800MPH

SAN FRANCISCO: Billionaire U.S. entrepreneur Elon Musk unveiled plans on Monday for a futuristic "Hyperloop" transportation system to whisk passengers between San Francisco and Los Angeles in under half an hour

Business 16 Jul 2013 | 7:18 AM

Real Madrid World's Most Valuable Team at US$3.3bil

Real Madrid headed a trio of European soccer clubs at the top of a list of the world's 50 most valuable sports teams released by Forbes on Monday which was dominated by National Football League (NFL) franchises.

Business 10 May 2013 | 10:22 AM

Feds sideline billionaire Falcone from fund business

NEW YORK: One-time star money manager Philip Falcone will be barred from starting another hedge fund for two years as he winds down his existing fund and returns money to investors, under a preliminary deal with securities regulators to settle fraud and other charges that was made public on Thursday.

Business 09 May 2013 | 10:02 AM

Tim Hortons names new CEO; profit and stock drop

TORONTO: Tim Hortons Inc named a long-time Nestle executive as its new chief on Wednesday, a job that will be no easy task given drooping demand at the Canadian coffee and doughnut chain and a push by a U.S. hedge fund for better returns.

Business 18 Mar 2013 | 12:00 AM

Astro sees higher average revenue per user with completion of customers’ migration to HDTV

KUALA LUMPUR: With the completion of the migration of Astro Malaysia Holdings Bhd’s existing subscriber base to the B.yond high-definitiion (HD) TV platform, the company expects average revenue per user (ARPU) to possibly increase.

Business 06 Feb 2013 | 12:00 AM

Australia's marathon election to be an un-popularity contest

CANBERRA: One thing is already clear about Australia's unprecedented eight-month election campaign: it won't be a popularity contest.