NEW DELHI: India's government unveiled plans on Thursday to invest $137 billion in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock faster economic growth.
HONG KONG: In a bid to rival Singapore, Hong Kong is introducing sweeping tax measures aimed at making it a more attractive centre in Asia for global corporations to trade foreign exchange.
KUALA LUMPUR: The ringgit was higher compared to the US dollar in late trading today at slightly below the 3.600 level, as the greenback extended losses in most overseas markets, a currency trader said.
KUALA LUMPUR: Felda Investment Corporation Sdn Bhd (FIC) has opened Malaysia's first restaurant in Jeddah.
LONDON: The chief executive of Asia-focused bank Standard Chartered will step down in June, the company said Thursday, following poor results, job cuts and fines for failing to detect possible money-laundering.
KUALA LUMPUR: At 5.00 p.m. today, there were 503 gainers, 347 losers and 330 counters traded unchanged on the Bursa Malaysia.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) saw lower year-on-year net profit for both fourth quarter and the full fiscal year ended December 31, 2015.
KUALA LUMPUR: Utusan Melayu (Malaysia) Bhd’s pre-tax loss expanded three-fold to RM82.64 million in the financial year ended Dec 31, 2014 from RM20.39 million previously, due to lower revenue and higher impairment charges on trade and other receivables.
SINGAPORE: Standard & Poor’s Ratings Services (S&P) has affirmed its ‘BBB+’ long-term corporate credit rating on Tenaga Nasional Bhd (TNB) with a stable outlook.
SYDNEY/TOKYO: The dollar nursed modest losses on Thursday, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an expected U.S. interest rate hike.
SINGAPORE: Gold rose for a second session and held above $1,200 an ounce on Thursday as comments from Federal Reserve Chair Janet Yellen led investors to believe US interest rates would start to rise later than expected this year.
BRASILIA: Brazilian President Dilma Rousseff said credit rating agency Moody's Investors Service downgraded state-controlled oil giant Petrobras' debt to junk-bond territory due to ignorance of the company's situation.
SYDNEY: Australian carrier Qantas on Thursday roared back into the black after an aggressive shake-up to stem mounting losses, posting its best interim result in four years helped by a revival in its international arm.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) rose US$40 today to close at US$18,100 per tonne supported by mild buying interest, a dealer said.
SINGAPORE: Brent crude fell towards $61 on Thursday, reversing previous gains as a bulging U.S. crude stockpiles offset glimpses of an oil demand recovery.