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Business 23 Oct 2010 | 12:00 AM

Takeover of PLUS

MSWG CEO Rita Benoy Bushon advises minority shareholders of PLUS Expressways to evaluate the takeover proposal by UEM and EPF to determine the overall merits of the deal before making their decision to vote.

Business 20 Oct 2010 | 12:00 AM

US, Asian stocks down after China hikes interest rate(update)

NEW YORK: A stronger dollar and a surprise interest rate hike in China that may slow that country's economy helped push stocks sharply lower Tuesday.

Business 16 Oct 2010 | 12:00 AM

Khazanah, EPF offer RM23b for PLUS

PETALING JAYA: The much-anticipated plan to privatise PLUS Expressways Bhd was announced yesterday, with Khazanah Nasional Bhd and the Employees Provident Fund (EPF) offering a cash offer for the assets and liabilities of the highway concessionaire for RM23bil, which works out to RM4.60 per share of the latter.

Business 25 Aug 2010 | 12:00 AM

Genting M’sia gets nod for UK casino purchase

KUALA LUMPUR: Shareholders of Genting Malaysia Bhd voted yesterday in favour of resolutions to acquire the British casino operations collectively known as Genting UK from Genting Singapore plc despite initial misgivings over the related party transaction nature of the deal.

Business 20 Aug 2010 | 12:00 AM

Capital-protected fund launched

KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has launched its OSK-UOB Capital Protected World Mining Fund, offering investors participation in the hard commodities sector.

Business 27 Jul 2010 | 12:00 AM

Dow in 3rd straight triple digit gain, global stocks up

NEW YORK: The Dow Jones industrial average gained more than 100 points for the third straight day Monday after traders got some unexpected good news about the noshade size=-1 width=50%>

Business 22 May 2010 | 12:00 AM

Hanging on to gold

Fears that American, British and other governments intend to inflate their way off the rocks of excessive debt prompted record inflows into gold this week.

Business 25 Jan 2010 | 12:00 AM

US$5.4bil New York housing complexes go to creditors

NEW YORK: The financially troubled owners of two massive apartment complexes that sold for a record US$5.4 billion a few years ago said Monday they're turning them over to their creditors.

Business 28 Dec 2009 | 12:00 AM

Russia’s UC Rusal board sets IPO price range

MOSCOW: The board of Russian aluminium company UC Rusal has set a price range for its Hong Kong IPO valuing the company at between US$16bil and US$22bil, i>Vedomosti/idaily said on Friday, quoting banking sources.

Business 26 Oct 2009 | 12:00 AM

New York's biggest ever US$5.5b real estate poised to flop

NEW YORK: It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops.