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Business 04 Jan 2003 | 12:00 AM

Foreign business news briefs

Foreign business news briefs including from New York that IBM Corp has closed a deal to sell its hard-disk drive assets to Hitachi Ltd for US$2.05bil, as part of an effort to cut non-performing assets.

Business 29 Jan 2003 | 12:00 AM

News in brief

News in brief on NSTP, Malakoff, Malaysian Plantations and other firms.

Business 09 Apr 2003 | 12:00 AM

February IPI lower by 0.9%

MALAYSIA#146;S Industrial Production Index (IPI) for the month of February decreased by 0.9% to 178.1 year-on-year due to lower indices in the electricity and manufacturing sectors.

Business 03 Jun 2003 | 12:00 AM

Air Canada reaches deal with pilots, averts shutdown

Air Canada, which filed for protection from creditors in early April, has reached a new six-year cost-cutting deal with its pilots, thereby averting a possible shutdown.

Business 24 Jun 2003 | 12:00 AM

Singapore business news in brief

Singapore business news in brief including Indonesian state oil company Pertamina has picked Singapore Petroleum Co Ltd (SPC) to process 30,000 barrels per day (bpd) of Iranian crude oil under a deal to ensure domestic oil products supply.

Business 22 Jul 2003 | 12:00 AM

Quality of US firms’ earnings in doubt

Many of the largest US companies are meeting or beating profit expectations, yet doubts are growing over whether they are reporting the high-quality earnings needed to sustain a corporate recovery.

Business 23 Aug 2003 | 12:00 AM

Nippon Electric closing down facility in Shah Alam

ELECTRONIC circuit board manufacturer Nippon Electric (M) Sdn Bhd is closing down its entire manufacturing facility in Shah Alam, which will result in the loss of 700 jobs.

Business 27 Nov 2003 | 12:00 AM

US data may be tonic for KL market

RECENT positive data emanating from the United States may just be the tonic to revive an insipid KL stock market.

Business 30 Mar 2004 | 12:00 AM

BP pressing ahead with share buy-back

BP Plc said yesterday it would press on with a share buy-back plan that has won support from investors although its first-quarter output was hit by strikes and unplanned losses.