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Economy

HSBCsees M'sia GDP growth, 5.2% Improvement in export cycle seen

KUALA LUMPUR: Malaysia’s Gross Domestic Product (GDP) is expected to grow to 5.2% this year but inflationary pressures may reach an uncomfortable level, according to HSBC Asean economist Lim Su Sian.

Business

M’sia GDP to grow 5.2% in 2014: HSBC

Malaysia's Gross Domestic Product (GDP) is expected to grow 5.2% this year as the export cycle has started to improve amid external recovery despite some domestic headwinds, said HSBC Asean Economist Lim Su Sian.

Nintendo

Nintendo seen reluctant on radical shift as Wii U worries deepen

Nintendo Co Ltd will likely be reluctant to make radical changes such as allowing its games to be played on rivals' devices as it grapples with poor sales of its flagship Wii U game console, which forced it to slash its outlook and sent its shares tumbling.

Business

Zhulian tumbles on weaker earnings

KUALA LUMPUR: Shares of Zhulian Corp Bhd tumbled in early Thursday trade after it reported a set of disappointing financial results for the fiscal year ended Nov 30, 2013.

Football

Real Madrid stay top of money league despite barren year

LONDON (Reuters) - Spain's Real Madrid retained the title of the world's richest football club in the past year thanks to sponsorship and TV deals robust enough to endure a season without a major trophy, a study showed on Thursday.

Business

Global economy to grow 3.7% this year, 3.9% in 2015

WASHINGTON: The International Monetary Fund (IMF) raised its global growth forecast for the first time in nearly two years, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging markets.

Community

Abolish excise duties and APs, suggests Bukit Saban PKR chief

KUCHING: The Government should restructure its automotive policy by abolishing excise duties and Approved Permits (APs) so that the people will not be burdened with high car prices.

Business

Hibiscus gets 5 offshore licences in Norway

PETALING JAYA: Hibiscus Petroleum Bhd, via jointly controlled entity Lime Petroleum Norway AS, has been awarded five new offshore licences in the 2013 Awards in Predefined Areas licensing round for geographically mature areas, according to a statement issued by Norwegian Ministry of Petroleum and Energy.

World

Latvia's first female PM pledges to stick to fiscal discipline

RIGA (Reuters) - The Latvian parliament approved on Wednesday the country's first woman prime minister, Laimdota Straujuma, who pledged to stick to the fiscal discipline of the previous cabinet and to push ahead with liberalising the country's gas market.

World

U.S. eyes options for Afghanistan after Congress cuts aid

WASHINGTON (Reuters) - The Obama administration is considering ways to ensure future financial assistance for Afghanistan after U.S. lawmakers halved development aid to the country.