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Business 24 Jan 2014 | 12:00 AM

Big Four units of accounting firms face suspension

WASHINGTON: Chinese units of the global “Big Four” accounting firms should be suspended from practising in the United States for six months, a US judge ruled, in an escalation in a long-running dispute over regulators’ access to audit documents.

Business 22 Jan 2014 | 12:00 AM

Bursa-bound SCH targets Asean quarry sector

KUALA LUMPUR: Quarry industrial products manufacturer SCH Group Bhd, which expects to raise RM20.86mil from its initial public offering (IPO), is planning to expand its business regionally, said managing director Lau Mong Ling.

Business 22 Jan 2014 | 12:00 AM

No significant impact from US on Malaysian biodiesel exports

PETALING JAYA: Malaysia’s palm-based biodiesel exports to the United States will not be “significantly” affected by the latter’s Environmental Protection Agency proposed 2014 Renewable Fuels Standard 2, which is aimed at reducing the annual volume of renewable fuel in the country, say industry observers.

Business 22 Jan 2014 | 12:00 AM

JPMorgan drops another China listing amid hiring probe

HONG KONG: JPMorgan Chase & Co has stopped working on a Chinese firm’s initial public offering (IPO) amid an investigation by US authorities into its hiring practises in China, people with direct knowledge of the matter told Reuters.

Business 22 Jan 2014 | 12:00 AM

Building materials outlook poser

PETALING JAYA: Despite some early signs of recovery following the cutting of steel capacity in China and declining key steelmaking input prices, it is still too early for a positive earnings outlook for the building materials sector, says Hong Leong Investment Bank.

Auto 22 Jan 2014 | 12:00 AM

National Automotive Policy 2014 fails to lift auto stocks

PETALING JAYA: There was little cheer for automotive stocks on Bursa Malaysia with many key policies of the National Automotive Policy 2014 (NAP) already known to market players.

Economy 15 Jan 2014 | 6:54 AM

Retail sales, inventory data suggest strong 2014 US growth

WASHINGTON: U.S. retail sales edged up in December with a core spending gauge posting a big jump, a sign the economy gathered steam at the end of last year and was poised for stronger growth in 2014.

Business 22 Jan 2014 | 12:00 AM

Local SMEs advised to head farther afield to generate revenue

If you’re the owner of a small business, knowing where to put your money is vital.

Business 22 Jan 2014 | 8:19 AM

Two Las Vegas casinos to accept virtual bitcoin currency

LAS VEGAS: Two Las Vegas casino hotels will become the first known US commercial gambling houses to allow the use of the unregulated digital payment system, bitcoin, casino officials said on Tuesday.

Business 10 Jan 2014 | 11:13 AM

Fitch places M'sia on negative outlook, but says M'sia making progress

HONG KONG: Positive pressure on Emerging Asian sovereign ratings has ebbed as the region's vulnerabilities have moved increasingly into focus, Fitch Ratings said in a report published Thursday. Seven of nine Emerging Asian sovereigns are on a Stable Outlook. Two -Malaysia (A-) and Mongolia (B+) - are on Negative Outlook.