Business

Baseless claims

Friday, 31 October 2014.

CLEARING THE AIR: 1MDB denies overpaying for energy, real estate assets and getting preferential treatment in power plant tenders

Latest

Faber to become regional player via merger plan

Friday, October 31, 2014 - 15:27

KUALA LUMPUR: Faber Group Bhd is set to become one of the region's largest asset development and asset management players following the completion of a RM1.15 billion merger with Opus Group Bhd (Opus) and Projek Penyelenggaraan Lebuhraya Bhd (Propel).

Carimin’s IPO oversubscribed 22.1 times

Friday, October 31, 2014 - 15:22

KUALA LUMPUR: The public portion of Carimin Petroleum Bhd's initial public offering (IPO), comprising 11.7 million shares, was oversubscribed by 22.1 times.

Global launch of Battersea Power Station

By Marina Emmanuel - Friday, October 31, 2014 - 15:15

LONDON: Over three decades after electricity production had ceased at its site, the Battersea Power Station here was placed into the limelight yet again, as a first wave of 13 cities on a global tour welcomed public exhibitions for a sales launch of its development.

Oil prices down in Asian trade

Friday, October 31, 2014 - 12:09

SINGAPORE: Oil prices fell in Asia Friday, pressured by a stronger dollar as dealers speculated over whether the will Federal Reserve lift interest rates sooner than later, analysts said.

Malaysian 10-year bonds head for monthly gain

Friday, October 31, 2014 - 11:57

Malaysia’s 10-year bonds rose this month, pushing the yield down the most since July, as a deteriorating global economic outlook spurred demand for the relative safety of government debt.

MAS offers greater travel experience with MHupgrade

Friday, October 31, 2014 - 11:51

KUALA LUMPUR: Malaysia Airlines is offering guests the opportunity to upgrade their seats by determining their own price through its latest product, MHupgrade.

Bursa extends gains mid-morning

Friday, October 31, 2014 - 11:47

KUALA LUMPUR: Bursa Malaysia extended its gains at mid-morning today as the overnight rise in Wall Street fuelled optimism in the local equities market.

Ringgit opens higher against US dollar

Friday, October 31, 2014 - 10:41

KUALA LUMPUR: The ringgit opened higher against the US dollar propped up by buying interest following yesterday's decline, said a dealer.

KL shares open higher, tracking Wall Street’s gains

Friday, October 31, 2014 - 10:37

KUALA LUMPUR: Bursa Malaysia opened higher in line with regional bourses, after overnight gains on Wall Street.

Wall Street up on GDP, earnings

Friday, October 31, 2014 - 10:29

NEW YORK: US stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials.

Redefining Melbourne’s skyline

By SHAREN - Friday, October 31, 2014 - 01:41

UEM Sunrise Bhd’s Aurora Melbourne Central project on La Trobe Street in Melbourne, its first Australian development, has gone beyond the epitome of location.

Solid long-term investment opportunity

Friday, October 31, 2014 - 01:36

UEM Sunrise Bhd’s Aurora Melbourne Central development has proven to be a big hit among buyers in Malaysia with more than 90 per cent of the 200 allocated units snapped up at a special preview recently.

Oil slips below US$87

Friday, October 31, 2014 - 01:35

LONDON: Brent crude oil slipped below US$87 a barrel yesterday as expectations that the US interest rates may rise sooner than expected pushed the dollar to its highest in more than three weeks.

Gold futures close sharply lower

Friday, October 31, 2014 - 01:34

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed sharply lower yesterday on reduced demand.

Klibor futures close untraded

Friday, October 31, 2014 - 01:33

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday.

KLTM higher on 4th consecutive day

Friday, October 31, 2014 - 01:32

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed higher for the fourth consecutive day yesterday, and in tandem with gains on the London Metal Exchange (LME).