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Business

China stocks end lower on slide in brokerages, IPO woes

SHANGHAI: China stocks closed down on Thursday, hit by a slump in brokerages after local media reported that the regulator had set up a team to check brokers' margin business.

China

China sentences state-owned firm chief to death for graft

BEIJING, Dec 11, 2014 (AFP) - China has sentenced the head of a state-owned company to death for corruption involving nearly 400 million yuan ($64.8 million), state media reported, in a rare instance of an official being condemned to die.

World

Hong Kong works to keep Islamic finance momentum as firms balk

(Reuters) - Hong Kong's government is trying to maintain the territory's momentum toward becoming an Islamic finance centre, as other potential sukuk issuers show little enthusiasm.

Business

Asia Forex: Ringgit slides, baht, won, yuan advance;

The following table shows rates for Asian currencies against the dollar at 0135 GMT on Thursday.

Business

Palm oil/Vegoils: Market factors to watch Dec 11 Thursday

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday.

Business

Malaysian palm rebounds on higher exports in early Dec

KUALA LUMPURL: Malaysian palm oil futures rose on Wednesday, rebounding from near one-week lows hit in the previous session, as data showing a rise in palm oil exports in early December helped reinforce some optimism about the outlook for demand.

Community

Bridal items in outlet go up in smoke

KLUANG: A three-storey bridal accessories shop here was licked by flames but firemen managed to put out the fire within 20 minutes as the outlet was located near the district fire station.

World

Former top planning official jailed for life in China over graft

BEIJING (Reuters) - The former deputy head of China's top planning agency was jailed for life on Wednesday over a bribery scandal that exposed graft at the highest levels of China's government and ensnared several companies including Toyota Motor Corp.

Nation

Cops hunting man who allegedly made off with RM85,000

SHAH ALAM: Police are reaching out to the public to help track down a suspect who allegedly ran off with RM85,000 of his employers money in June 2014.

World

China to pump more money into loss-making small airports

BEIJING (Reuters) - The Chinese government will pump more money into its dozens of loss-making regional airports next year, to the tune of 1.2 billion yuan (£123.8 million), state media said on Wednesday, as it seeks to boost economic development in poorer provinces.