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Forex 04 Mar 2016 | 10:17 AM

Banks lead KLCI higher but not enough to cross 1,700

KUALA LUMPUR: Banks and Maxis led the FBM KLCI to a higher close on Friday but there was not enough buying support to enable it to cross the 1,700 level with the broader market turning cautious.

Corporate News 04 Mar 2016 | 9:06 AM

Thai Berli on course to raise US$6.2b for Casino supermarket firm

BANGKOK/HONG KONG: Thailand's Berli Jucker Pcl has tapped foreign banks including BNP Paribas as well as domestic lenders to raise $6.2 billion for its acquisition of Big C Supercenter, putting it on track to successfully meet a March 31 financing deadline.

Corporate News 04 Mar 2016 | 8:41 AM

Japan to revise down Q4 GDP to 1.5% contraction, outlook weak

TOKYO: Japan's economy is expected to have contracted slightly more than initially estimated in the final quarter of 2015, and ominously the outlook held little cheer as domestic and external demand has remained stubbornly weak at the start of this year.

Corporate News 04 Mar 2016 | 8:15 AM

Crude prices climb after US oil output falls for 6th week

SINGAPORE: Crude futures rose in Asian trade on Friday, buoyed by renewed optimism prices may have bottomed out after official U.S. data showed oil production fell to its lowest level since November 2014.

Corporate News 04 Mar 2016 | 5:17 AM

Banks, Petronas Chemicals underpin KLCI’s advance at midday

KUALA LUMPUR: Fund buying of banks and Petronas Chemicals helped the FBM KLCI advance nearly seven points towards the key 1,700 level at midday on Friday but the surprisingly weak trade data could impact sentiment.

Economy 04 Mar 2016 | 4:13 AM

Malaysia’s January exports down 2.8% to nearly RM62b

KUALA LUMPUR: Malaysia’s January 2016 exports fell 2.8% to RM61.9bil from a year ago, which was a disappointment when compared with a survey of a 2.5% increase.

Economy 04 Mar 2016 | 2:59 AM

Global semicon sales slump in January as demand slip, econ woes

UALA LUMPUR: The US-based Semiconductor Industry Association (SIA) reported a slump in sales in January 2016 to US$26.9bil on weaker demand amid rising economic worries, with the Americas reporting a steeper slump than other regions.

Corporate News 04 Mar 2016 | 12:59 AM

Foreign funds step up buying on Bursa for second day

KUALA LUMPUR: Foreign funds continued their buying on Bursa Malaysia for the second day on Thursday with net buying rising to RM391.6mil.

Business 04 Mar 2016 | 12:00 AM

China’s Snow beer – cold, cheap, and going flat... Cheers

HONG KONG: While China’s state-owned insurers may be paying over the odds to take debt-laden banks off the hands of overseas firms such as Citigroup, other companies are getting better deals from Western exits.

Business 04 Mar 2016 | 12:00 AM

After negative rates, BoJ puts onus on government to boost growth

NAHA (Japan): Bank of Japan deputy governor Hiroshi Nakaso has put the onus on the government to speed up structural reforms to boost the country’s growth potential and maximise the economic impact of the bank’s massive monetary stimulus programme.