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Business 14 Mar 2012 | 12:00 AM

Taiwan-based Phison to set up branch in Malaysia

KUALA LUMPUR: Phison Engineering Corp will set up a branch in Malaysia, with operations targeted to begin in the next three to six months. The Taiwan-listed company, which specialises in the design of integrated circuit (IC) for use in data storage devices, would base its Malaysian unit in the northern region.

Business 10 Mar 2012 | 12:00 AM

Pen-drive creator setting up shop in Malaysia

PETALING JAYA: Pua Khein-Seng, the 38-year-old Malaysian entrepreneur who invented the pen drive and runs Taiwan-listed Phison Electronics Corp, is setting up a Malaysian branch of his business that will work closely with Silterra Malaysia Sdn Bhd, Malaysia’s premier wafer fabrication plant in Kulim, reliable sources said.

Business 01 Mar 2012 | 12:00 AM

NY Fed sells last of the AIG rescue bonds

NEW YORK: The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American Inter-national Group Inc.

Business 09 Feb 2012 | 12:00 AM

Wall Street ends flat; Cisco gains after the bell

NEW YORK (Reuters) - Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default.

Business 07 Feb 2012 | 12:00 AM

Glencore poised to propose 8% premium to Xstrata to seal merger

LONDON: Commodities trader Glencore International is set to offer a bigger-than-expected premium to seal its proposed US$88bil merger with global miner Xstrata Plc, the Financial Times said.

Business 01 Dec 2011 | 12:00 AM

Appeal sped up over BofA $8.5 billion MBS accord

NEW YORK: (Reuters) - A U.S. appeals court on Wednesday sped up the review of a ruling that moved consideration of Bank of America Corp's $8.5 billion settlement over mortgage debt to federal court from a New York state court.

World 14 Nov 2011 | 12:00 AM

New threat to bailout as Greek right rejects more austerity

ATHENS (Reuters) - Greece's conservatives vowed on Monday to reject any new austerity measures in return for the aid that is keeping Athens from bankruptcy, signalling a new coalition government may not enjoy the kind of cross-party support its lenders demand.

World 14 Nov 2011 | 12:00 AM

Greek conservative stance threatens bailout

ATHENS (Reuters) - Greece's conservatives vowed on Monday to reject any new austerity measures in return for the aid that is keeping Athens from bankruptcy, signalling a new coalition government may not enjoy the kind of cross-party support its lenders demand.

World 14 Nov 2011 | 12:00 AM

New threat to bailout as Greek right rejects more austerity

ATHENS (Reuters) - Greece's conservatives vowed on Monday to reject any new austerity measures in return for the aid that is keeping Athens from bankruptcy, signalling a new coalition government may not enjoy the kind of cross-party support its lenders demand.

Business 14 Oct 2011 | 12:00 AM

Soros: not a funder of Wall Street protests

NEW YORK (Reuters) - George Soros isn't a financial backer of the Wall Street protests, despite speculation by critics including radio host Rush Limbaugh that the billionaire investor has helped fuel the anti-capitalist movement.