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Bank CEOs see better year ahead

i>StarBiz/italks to Datuk Amirsham A. Aziz, Piyush Gupta and Tan Sri Teh Hong Piow

Daimler in talks on China export plant

DaimlerChrysler, the world's fifth biggest carmaker, is in talks to set up a China production venture to export I>Chrysler /I>cars to the United States, and will decide whether to make that investment in the second half.

Foreign business news in brief

News briefs, including from Helsinki that mobile phone maker Nokia forecast strong second-quarter sales yesterday due to solid handset demand and also raised its 2005 industry outlook after beating all profit forecasts in the first quarter.

TBWA-ISC\M’sia wins award for tourism ad

TBWA-ISC\Malaysia Group bagged a silver award for its Tourism Malaysia advertising campaign at the recent I>Asian Marketing Effectiveness Awards 2006/I>.

Temasek decides against stake in Rosneft

Temasek, the Singaporean state investment company, has rejected the chance to acquire a large stake in Rosneft's US$10.4bil initial public offering after deciding the shares in the Russian state-controlled company were over-valued, the I>Financial Times/Ireported in its online edition.

AirAsia plans more int’l flights from Kuching

Budget carrier AirAsia plans to add more international destinations from Kuching, starting with Jakarta and Singapore, following the introduction of its Kuching-Macau flight.

Panasonic Closes Solar Cell Factory in Hungary, M'sian one stays open

TOKYO: Japan's Panasonic Corp <6752.T> plans to shut down its sole European solar cell plant next March and dismiss about 500 workers at the factory, the Nikkei reported. This will leave the company with one solar cell plant each in Japan's Osaka and Shiga prefectures and another in Malaysia, the business newspaper said.

Yadu aims to attract with Disney cartoon characters

TRANSFORMING Mickey Mouse and Winnie the Pooh into home appliances might indeed seem like a cartoon skit, but that is exactly what entertainment giant Walt Disney and China's Yadu Science and Technology Co Ltd have done.

Yum Brands first quarter net income up 13%

KFC, Taco Bell and Pizza Hut parent Yum Brands Inc on Wednesday posted higher quarterly earnings and backed its outlook for the year despite a food safety issue in China that is hurting profits there.

CPO focus on crude oil prices

Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin.