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Business 19 Dec 2012 | 12:00 AM

Greeces lenders warn of very large risks to bailout

ATHENS: Political resistance and potential court challenges are among #8220;very large#8221; risks to reforms required for Greece's bailout programme, the country's European lenders said.

Business 19 Dec 2012 | 12:00 AM

KLCI ends higher on hopes of US budget deal

European and key Asian markets including Bursa Malaysia put up a strong performance as investors' confidence was shored up byexpectations of a US budget deal and perhaps, monetary policy stimulus from Japan.

Business 18 Dec 2012 | 12:00 AM

IMF says Ireland should delay cuts if growth slows

WASHINGTON: The International Monetary Fund said Ireland could delay some of the budget cuts required under its bailout program if the country's economy grows more slowly than expected next year.

Business 18 Dec 2012 | 12:00 AM

Watershed meeting for Bank of Japan this week after Abe's win

TOKYO: Japan's central bank gets its first chance this week to respond to the challenge laid down by Shinzo Abe following his party's landslide victory in a general election on Sunday. Investors are already betting it will flinch.

Business 17 Dec 2012 | 12:00 AM

China forex regulator removes US$1bil limit under QFII

SHANGHAI: China's foreign exchange regulator has removed the US$1bil limit for foreign sovereign wealth funds, central banks and monetary authorities buying Chinese assets through the Qualified Institutional Investor Programme (QFII).

Business 17 Dec 2012 | 12:00 AM

Malaysian stocks likely to stage downside correction this week

KUALA LUMPUR: THE FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to stage a downside correction this week on profit taking, following the bullish performance of local stocks with a 8.3% gain year-to-date.

Business 17 Dec 2012 | 12:00 AM

Malaysia's blue chips open lower, Genting weighs

The FBM KLCI was lower in early trade on Monday, weighed by banks and Genting Bhd after the strong run-up last week but plantations advanced after the firmer crude palm oil futures.

Business 17 Dec 2012 | 12:00 AM

Genting, UMW, BAT drag KLCI into the red

Malaysia's blue chips closed lower on Monday, with Genting Bhd, UMW and BAT among the biggest losers among the FBM KLCI stocks, while as volume thinned ahead of the year-end holidays.

Business 15 Dec 2012 | 12:00 AM

China on the fast lane

BEIJING: Chinas manufacturing is expanding at a faster pace this month, suggesting the factory recovery in the worlds second-biggest economy may withstand a slowdown in exports.

Business 15 Dec 2012 | 12:00 AM

Treasury pulse

THE US Federal Reserve has practically issued itself a blank cheque last Wednesday.