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Business 10 Aug 2018 | 12:00 AM

Power price surge jolts Australia’s AGL to record profit

MELBOURNE: AGL Energy, Australia’s biggest power producer, said annual profit jumped nearly a third to a billion-dollar record amid soaring prices that have brought growing political heat on the firm and its peers to slash household electricity bills.

Business 04 Nov 2017 | 12:00 AM

BoE tethers its rate path to Brexit after first hike in 10 years

LONDON: Mark Carney is tying the Bank of England’s next interest-rate shift to the success of Brexit negotiations.

Corporate News 23 Feb 2016 | 9:52 AM

Fitch affirms Malaysia’s currency ratings with stable outlooks

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia's long-term foreign- and local-currency issuer default ratings (IDRs) at 'A-' and 'A' respectively with Stable Outlooks

Business 16 Oct 2014 | 6:33 AM

AbbVie cools on US$55 bil Shire deal after US tax changes

LONDON: U.S. pharmaceutical company AbbVie ABBV.N said it was reconsidering its US$55 billion (34.36 billion pounds) takeover of Shire SHP.L in the wake of U.S. government moves to curb deals designed to cut taxes, wiping as much as $13 billion off the London-listed firm's stock price.

Business 10 Apr 2014 | 8:35 AM

Palm oil/Vegoils: Market factors to watch April 10 (Thursday)

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

Business 30 Jul 2013 | 8:07 AM

What Next For The 'Wall Street Refiners' As JPM Exits Physical Commodities?

NEW YORK: As JPMorgan Chase & Co prepares to exit physical commodities trading, the spotlight is turning to the future of the two banks that have dominated Wall Street's involvement in the natural resources supply chain for 30 years.

Business 20 Nov 2012 | 12:00 AM

Bank of Japan holds fire, defies easing calls as political pressure heats up

TOKYO: The Bank of Japan kept monetary policy steady on Tuesday, standing its ground for now in the face of calls from the country's likely next prime minister to pursue unlimited easing to revive an economy widely seen in recession.

Business 30 Oct 2012 | 12:00 AM

Bank of Japan boosts stimulus for sagging economy, markets unimpressed

TOKYO: The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.

Business 25 Jul 2012 | 12:00 AM

Eyes on Langat 2 water treatment plant tender

PETALING JAYA: While the Selangor water problems get tossed in political heat, industry players are keeping their eyes peeled for any forthcoming government tender for the construction of the Langat 2 water treatment plant.

Business 21 Jul 2012 | 12:00 AM

Long hot summer, adaptive markets

The summer heat wave in the US Corn Belt is going to hit grain production and has already raised food prices. So far, such price increases have yet not translated into global inflation, thanks to better food crop production in other parts of the world.