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Business 25 Feb 2003 | 12:00 AM

BHP Billiton profit hurt by strong rand

Diversified mining giant BHP Billiton Ltd/Plc reported a 19.4% fall in first-half profit yesterday as a strong South African rand boosted its debt costs and offset solid demand from China.

Business 01 Mar 2003 | 12:00 AM

SEC slams Fortune 500 on annual reports

The US Securities and Ex-change Commission (SEC) has blasted America's 500 biggest companies for weaknesses in their 2002 annual reports ranging from #8220;boilerplate analyses#8221; to #8220;rote calculations.#8221;

Business 21 Mar 2003 | 12:00 AM

US stocks gain for 7th day on hopes of quick war

Wall Street posted a seventh straight day of gains Thursday as investors remained hopeful that the U.S.-led war with Iraq will be swift and successful. Still, the advance was limited as the market anxiously awaited the latest developments

Business 22 Mar 2003 | 12:00 AM

Virgin Blue likely to put off listing on ASX

Richard Branson's Australian airline Virgin Blue, originally tipped to go public by June, is likely to put its float on ice until prospects pick up for the battered aviation sector.

Business 14 Jul 2003 | 12:00 AM

Accountants brace for challenges

EXPECTING the future to be challenging was one thing, but accountant Lim Siew Yong could not have imagined a more formidable scenario.

Business 30 Jul 2003 | 12:00 AM

Banks pay US$300m to settle Enron probe

B>NEW YORK: /B>Citigroup Inc and J.P. Morgan Chase Co have paid more than US$300mil to settle charges that they helped collapsed energy trader Enron Corp cheat investors out of billions of dollars.

Business 12 Aug 2003 | 12:00 AM

Pressing matters for Asean ministers

THE spectre of terrorism had cast a dark shadow over the 7th Asean finance ministers#146; meeting, which ended last weekend in Manila even as Philippines President Gloria Macapagal Arroyo declared it open with an optimistic cry of defiance.

Business 10 Nov 2003 | 12:00 AM

Kenya seeks help to spur development

KENYA, one of Africa#039;s great safari destinations, is turning to Malaysia for investments to help spur its development.

Business 11 Nov 2003 | 12:00 AM

NOL turns around, plans US$300mil share issue

Neptune Orient Lines Ltd (NOL) reported a rebound in third-quarter earnings yesterday on a recovery in freight rates, and announced a US$300mil share placement to help propel growth.

Business 29 Jan 2004 | 12:00 AM

Kraft to cut 6,000 jobs, close 29 plants

Kraft Foods Inc said it will eliminate 6,000 jobs, or 6% of its workforce, and close 20 plants worldwide over the next three years. The restructuring follows more than a year of disappointing sales and earnings for the biggest US food company.