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The Committee on Foreign Investment in the United States (CFIUS) will extend its review of bankrupt Global Crossing Ltd's plan to sell a majority stake to a company owned by an arm of the Singapore government, a person familiar with the review said on Thursday.
More Japanese companies felt business was better in March than at any time in almost seven years, a closely watched Bank of Japan (BOJ) report showed yesterday, a further sign a recovery is spreading throughout the economy.
EXSEDIA Sdn Bhd, a local electronic design automation (EDA) software provider, expects countries in Asia to play a bigger role in providing competitively priced EDA systems in the near future, its founder and chief executive officer Abdul Razak Bahrom said.
Shares in Japan's top banks more than doubled in value in the financial year that ended on Wednesday, and should chalk up further gains in the coming year as the country's economic recovery gathers pace, analysts say.
THE KL stock market will outperform its peers in Asia this year against the backdrop of stable political and favourable economic conditions in the country, said Standard Poor's (SP) director and general manager of Asia equity research, Charles Wheeler.
Booming sales to China and rising capital investment drove South Korea's exports and imports to record highs in March, the government said yesterday, but separate data showed inflation remained a worry for the economy.