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Business 21 Dec 2012 | 12:00 AM

HKMA investigates UBS

HONG KONG: Hong Kongs de facto central bank said it would probe UBS over possible rigging of the financial hubs interbank rate, a day after the Swiss giant agreed to pay a huge fine over the Libor scandal.

Business 20 Dec 2012 | 12:00 AM

Lingui shareholders advised to accept takeover offer by Samling

PETALING JAYA: Lingui Developments Bhds independent advisor has advised shareholders to vote in favour of the privatisation of the timber company by Hong Kong Stock Exchange-listed Samling Global Ltd as the offer price is deemed reasonable given Linguis historically modest market price.

Business 20 Dec 2012 | 12:00 AM

Greece facing critical year, says finance minister

LONDON: Greece is facing a critical year that hinges on its three-party ruling coalition sticking together and following the bailout program agreed with the European Union and the International Monetary Fund, Finance Minister Yannis Stournaras said in the Financial Times on Thursday.

Business 20 Dec 2012 | 12:00 AM

Irish PM eyes debt deal, full market return in 2013

DUBLIN: Ireland expects to return fully to bond markets late next year but needs a deal on easing its bank debt to make sure it can successfully exit its international bailout, Prime Minister Enda Kenny said.

Business 20 Dec 2012 | 12:00 AM

November CPI rises on higher food cost

PETALING JAYA: The Consumer Price Index (CPI) for November rose 1.3% to 105.5 from 104.1 a year earlier following higher cost for food and non-alcoholic beverages.

Business 19 Dec 2012 | 12:00 AM

Shares, euro rise on hopes of U.S. "cliff" deal, BOJ easing

SINGAPORE: Asian shares rose and the euro hit multi-month highs on Wednesday as signs of progress in resolving the U.S. fiscal cliff budget crisis and expectations of more aggressive monetary stimulus from the Bank of Japan lifted riskier assets.

Business 19 Dec 2012 | 12:00 AM

Asia business sentiment edges up in Q4, but global worries persist - survey

SEOUL: Business sentiment among Asia's top companies improved slightly in the fourth quarter, reversing two consecutive quarters of declines, while global economic uncertainty remained the biggest concern for the region's firms, a Thomson Reuters/INSEAD survey showed

Business 19 Dec 2012 | 12:00 AM

World Bank raises East Asia outlook, sees China growing 8.4%, Malaysia 5%

SINGAPORE: The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lacklustre performance of the global economy.

Business 19 Dec 2012 | 12:00 AM

BoJ mulls 2% inflation target

TOKYO: The Bank of Japan (BoJ) will ease monetary policy this week and consider adopting a 2% inflation target no later than in January, sources said, responding to pressure from next Prime Minister Shinzo Abe for stronger efforts to beat deflation.

Business 19 Dec 2012 | 12:00 AM

Blue chips climb in early trade, Petronas stocks advance

related counters taking the lead, with market sentiment displaying firm confidence following the stronger US and European markets.