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Business

Cyprus deal shock sends euro, shares tumbling

LONDON: The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares, the euro and the bonds of struggling euro zone governments all tumbling.

Business

UK Govt to pledge investment to aerospace industry

LONDON: The UK government is set to pledge ahead of Wednesday's budget, a significant investment into the country's aerospace industry as part of a long-term strategy to spur growth and keep the industry ahead of international competition.

Business

India divided over AgustaWestland, wrestles with plan to bar copter supplier

NEW DELHI: Indian Defence Minister A.K. Antony is leaning toward barring Anglo-Italian helicopter firm AgustaWestland from doing business in the country because of a corruption scandal, but he could be outvoted by cabinet colleagues, several government sources said.

Business

Transformation is not all about income only

TRANSFORMATION is not all about income. Yes, income is the key part and we put a lot of emphasis on and look at ways and means to increase that, but we are equally aware that income must reach everyone.

Business

Big gains, low valuation ahead on Wall Street

NEW YORK: Major stock indexes have never been higher – and yet that’s hardly scaring people.

Business

Mexico learns to stick with flexible peso

PANAMA CITY: Mexico is committed to maintaining its freely floating exchange rate and is not currently contemplating any new mechanism to slow strong gains in the peso, deputy finance minister Fernando Aportela said.

Business

US shares likely to extend rally this week

NEW YORK: SHARES are likely to extend their rally this week as investor sentiment is buoyed by a strong showing on Wall Street sparked by rising optimism over the US economy, analysts said.

Business

Manufacturing gets off to a good start

HOW will the market interpret the latest set of trade and manufacturing sector data which, while encouraging, is still giving out mixed signals?

Business

More investments in Iskandar

GLOMAC Bhd group managing director Tan Sri Fateh Iskandar Mohamed Mansor brought up the subject of Iskandar Malaysia during a recent seminar.

Business

Warming ties between Malaysia and Singapore

THEIR smiles, friendly handshakes and joint statements after every meeting spell good omen for bilateral ties.