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Business 07 Jan 2003 | 12:00 AM

Affin Bank stake sale by year-end

AFFIN Holdings Bhd expects to complete the disposal of a 30% stake in wholly-owned subsidiary Affin Bank Bhd by the end of the year, said group managing director Datuk Lodin Wok Kamaruddin.

Business 10 Jan 2003 | 12:00 AM

NatSteel battle heads for bitter stalemate

An eight-month takeover battle for NatSteel Ltd looks set to end in bitter stalemate today, setting the stage for a messy boardroom brawl between two powerful Asian tycoons for control of the cash-rich steel miller.

Business 11 Jan 2003 | 12:00 AM

Hotelier Ong wins control of NatSteel

Hotel magnate Ong Beng Seng won control of NatSteel Ltd yesterday, but only by a wafer-thin margin, ending an eight-month takeover battle for the cash-rich steel miller.

Business 11 Jan 2003 | 12:00 AM

Contra trading - its attraction and affliction

By RAJEN DEVADASON

Business 12 Jan 2003 | 12:00 AM

Stocks up despite bleak job data

Stocks closed slightly higher on Friday as investors shrugged off early worries about dismal jobs data, while bonds rallied on the view that interest rates will remain low for months to come.

Business 17 Jan 2003 | 12:00 AM

SEC cracks down on bad reports, insider trading

US market regulators have voted to crack down on misleading financial reports by corporations and on insider sales of company stock by managers when rank-and-file workers are locked out of the market.

Business 17 Jan 2003 | 12:00 AM

US dollar drops further

WAR fears and uncertainties over the health of the US economy continued to apply downward pressure on the US dollar, sending it to a three-year low against the euro and a four-month low against the yen yesterday.

Business 24 Jan 2003 | 12:00 AM

JP Morgan loss widens, Merrill makes profit

JP Morgan Chase Co Inc has posted a wider fourth-quarter loss due to charges to cover Enron-related losses and other legal battles, while cost-cutting has lifted results at its Wall Street rival Merrill Lynch Co Inc.

Business 25 Jan 2003 | 12:00 AM

KAF Group says it won’t buy stake in Affin Bank

KAF Group will not buy a 30% stake in Affin Bank Bhd, a wholly-owned subsidiary of Affin Holdings Bhd (AHB). However, it is still in talks with Malaysia International Shipping Corp Bhd (MISC) to acquire 36.8% of Affin Merchant Bank.

Business 26 Jan 2003 | 12:00 AM

Worries of war cause tumble

Stocks tumbled to their lowest levels since October on Friday as the specter of a US war against Iraq loomed over a market already spooked by the outlook for corporate profits during the rush of reporting season.