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Business 13 Dec 2012 | 12:00 AM

Global fund managers upbeat on first half of 2013

KUALA LUMPUR: Global fund management firms were upbeat on the investment outlook for the first half of 2013 (1H13), said OCBC Bank's Fund Poll.

Business 13 Dec 2012 | 12:00 AM

Malaysia-Market factors to watch on Dec 13(Thursday)

KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.

Business 13 Dec 2012 | 12:00 AM

Asian shares rise, yen falls after Fed's stimulus steps

Asian shares extended gains for a seventh day on Thursday, after the US Federal Reserve took new stimulus steps to bolster the economy, pressuring the yen with expectations the Japanese central bank will follow suit with more easing next week.

Business 13 Dec 2012 | 12:00 AM

US Fed, in unprecedented step, indicates interest rates would remain near zero

WASHINGTON: The Federal Reserve, announcing a new round of monetary stimulus, took the unprecedented step on Wednesday of indicating interest rates would remain near zero until unemployment falls to at least 6.5 percent.

Business 13 Dec 2012 | 12:00 AM

BToto may offer dividend, director hints at over 40 sen per share after SGX listing

KUALA LUMPUR: Berjaya Sports Toto Bhds (BToto) shareholders will likely get a special dividend of more than 40 sen per share from the proposed listing of Sports Toto Malaysia (STM) business trust on the Singaporean bourse, said its executive director Freddie Pang.

Business 13 Dec 2012 | 12:00 AM

US stocks ends almost flat as FED's Bernanke warns on "cliff"

NEW YORK: Stocks ended nearly flat on Wednesday, giving up most of the day's gains after Fed Chairman Ben Bernanke reiterated that monetary policy won't be enough to offset damage from the fiscal cliff.

Business 13 Dec 2012 | 12:00 AM

S’pore growth forecasts cut

SINGAPORE: Economists have cut their economic forecasts and raised their inflation outlook for Singapore, according to a central bank survey yesterday, in a further sign that the country is likely to face another year of subpar growth and elevated inflation in 2013.

Business 12 Dec 2012 | 12:00 AM

Carney carries Canadian lessons to the Bank of England

TORONTO: The Bank of Canada's Mark Carney mused about priorities in reply to a question about the lessons he would take to his next job in London, but said he would only discuss Britain's needs when he talks to a House of Commons committee next year.

Business 12 Dec 2012 | 12:00 AM

2013 poised to be another year of reasonable returns for global shares

SINGAPORE: The combination of diminishing extreme downside risks globally, a modest, progressive pick-up in growth and attractive valuations for most growth assets, points to 2013 being another year of reasonable returns.

Business 12 Dec 2012 | 12:00 AM

Europe seeks to end discord over banking union

BRUSSELS: An impasse over plans for the European Central Bank to supervise banks, the European Union's most ambitious financial reform, takes centre stage at a finance ministers' meeting on Wednesday.