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KUALA LUMPUR: Maybank through its wholly-owned subsidiary, Aseam Credit Sdn Bhd (ACSB), has proposed to acquire a 44.6% stake in Kim Eng Holdings Ltd today at S$3.10 per share, amounting to S$798mil (approximately RM1.9bil).
NEW YORK: Oil prices rose past US$92 a barrel on Monday to a 26-month high, as the new year began with the prospect of still higher energy prices to come.
JOHANNESBURG (Reuters) - The United Nations may have sounded the alarm about soaring global food prices, but in Africa a string of bumper harvests and a changing diet means the political fallout may be more muted than to past price bumps.
BANGKOK: Most Asian share markets posted tentative gains Tuesday following a U.S. holiday and an unimpressive start to efforts by Europe to invigorate its response to a protracted debt crisis.
BANGKOK: Laos opened a modest stock market Tuesday, hoping to attract capital to its largest enterprises and boost the economy of one of the world's poorest nations.
HONG KONG: While China's currency is expected to appreciate at a faster pace from this year onwards, the rate of change will unlikely be substantial.
SAN FRANCISCO: The health of Apple chief executive Steve Jobs was set to overshadow quarterly sales numbers yesterday from the consumer electronics powerhouse, whose iPhone and iPad excited holiday shoppers.
THE massive amount of funds needed to be raised this year for the mega projects under the Economic Transformation Plan (ETP) is expected to significantly up the ante on the country's bond market.
KUALA LUMPUR: Puncak Niaga Holdings Bhd (PNHB) said it is unable to table any proposal to shareholders on the latest RM9bil takeover offer by the Selangor government as it requires a clearer bid.
INVESTORS on the London stock market are set to catch their breath after the market gained more than 9%in 2010 and with 2011 shaping up to be a difficult year.