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Business 23 Apr 2013 | 12:00 AM

Another bid for MISC in 12 months?

PETALING JAYA: After its failed takeover of MISC Bhd, there is a chance Petroliam Nasional Bhd (Petronas) may put in another bid for the shipping giant.

Business 23 Apr 2013 | 12:00 AM

German economy stabilises after weak end to 2012

BERLIN: Germany’s economy stabilised in the first quarter, after contracting late last year, the Finance Ministry said yesterday, though consumption, which is expected to drive growth this year, has not picked up significantly.

Business 24 Apr 2013 | 12:00 AM

AT&T revenue disappoints as it loses cellphone subscribers

NEW YORK: AT&T Inc reported a net loss of cellphone subscribers in the first quarter as it lost market share to bigger rival Verizon Wireless, sending its shares down about 2 percent.

Business 24 Apr 2013 | 12:00 AM

US home resales fall on supply constraints

WASHINGTON: US home resales edged downward in March, pointing to some slowdown in the housing market recovery pace as overall economic activity cools.

Business 24 Apr 2013 | 12:00 AM

2013 outlook for property sector flattish

The property market outlook for 2013 is flat overall with some growth opportunities in prime locations and more focus on areas near public transport lines and affordable housing.

Business 25 Apr 2013 | 12:00 AM

Saudi’s Al Bayan Group issues RM200mil sukuk

KUALA LUMPUR: Al Bayan Group Holding Co, a Saudi-based conglomerate, has issued a RM200mil sukuk out of its inaugural RM1bil Sukuk Wakalah Programme.

Business 25 Apr 2013 | 12:00 AM

5% to 10% property price correction seen

KUALA LUMPUR: Luxury condominiums and even landed property may face a 5%-10% price correction this year in response to a slower occupancy rate last year.

Business 25 Apr 2013 | 12:00 AM

China watchful on wealth management products

BEIJING: China will heighten oversight on wealth management products in 2013 by taking a closer look at money flows off banks’ balance sheets to reduce financial risks at a time when growth is slowing in the world’s No. 2 economy.

Business 25 Apr 2013 | 12:00 AM

FBM KLCI opens lower, investors take profit

The FBM KLCI opened lower today, touching the psychological 1,700 point, as investors took profit ahead of the general election.

Business 26 Apr 2013 | 12:00 AM

PChem and BASF investing RM1.5bil in Kuantan plant

PETALING JAYA: Petronas Chemicals Group Bhd (PChem) and German chemicals giant BASF are investing US$500mil (RM1.5bil) in an integrated aroma ingredients production facility in Gebeng, Kuantan, expanding on an existing joint venture (JV) there.