Mon01262015

LAST_UPDATEMon, 26 Jan 2015 2am

Malaysia: ASEAN Will Have A Unified Market, But Rejects Eurozone Model

Datuk Seri Mustapa Mohamed said that 2015 would be laying the stage for bigger things to come for ASEAN — Bernama KUALA LUMPUR: ASEAN will officially call itself a single market by year’s end, but “big things” like seamless travel within the 10-nation bloc would only come in 2020, Malaysia’s trade minister told AFP in an interview.

Read more: Malaysia: ASEAN Will Have A Unified Market, But Rejects Eurozone Model

Oil Market Upheaval Looms Over Saudi Succession

Crown Prince Salman Bin Abdulaziz will now take over the helm of the Saudi Kingdom after the demise of King Abdullah, January 23, 2015. Photo: AFPRIYADH: King Abdullah’s death could not have come at a worse time for Saudi Arabia’s vital oil sector as the absolute monarchy seeks to reassert its leadership in a fast-changing industry.

Read more: Oil Market Upheaval Looms Over Saudi Succession

Evaporating Inflation And Growth Put Pressure On Central Banks

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province May 5, 2014. Photo: ReutersBusinesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, a day after the European Central Bank voted to print money in a bid to revive inflation.

Read more: Evaporating Inflation And Growth Put Pressure On Central Banks

Futures Tick Up After Rally, Indexes Set For Strong Week

A trader is reflected in a screen as he works on the floor of the New York Stock Exchange in New York January 2, 2015. Photo: ReutersU.S. stock index futures edged up on Friday, following a sharp rally in the previous session that returned the S&P 500 and Nasdaq to positive territory for the year and put major indexes on track to break a three-week streak of declines.

Read more: Futures Tick Up After Rally, Indexes Set For Strong Week

Meggitt Training Systems Awarded US$31.7 Million Contract

KUALA LUMPUR: Meggitt Training Systems has been awarded a $31.7 million (RM113.8 million) contract by the US Marine Corps Systems Command to develop and deliver the Indoor Simulated Marksmanship Trainers (ISMT) system.

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China Says Microsoft Outlook Hacking Allegations 'Groundless'

A shadow of a man using his mobile phone is cast near Microsoft logo at the 2014 Computex exhibition in Taipei June 4, 2014. Photo: ReutersAllegations that Chinese authorities hacked into Microsoft Corp's (MSFT.O) Outlook email service are "groundless slander", the official Xinhua news agency quoted Beijing's cyberspace regulator as saying late on Thursday.

Read more: China Says Microsoft Outlook Hacking Allegations 'Groundless'

Oil Prices Rise After Saudi King's Death

A pump jack is seen at sunrise near Bakersfield, California/Pic:ReutersOil prices rose on the news of the death of Saudi Arabia’s King Abdullah Thursday, but the king’s death is not expected to change the course of oil prices over the next several months.

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KL Shares Extend Gains At Opening

Pic: MMKUALA LUMPUR — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher Today, extending yesterday’s gains, as the European Central Bank (ECB) revealed its stimulus expansion plan which included buying 1.1 trillion euros worth of bonds, dealers said.

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NYSE Gives Another Delisting Warning To Radioshack After Poor Stocks Performance

Reuters picNEW YORK — RadioShack Corp said the New York Stock Exchange had issued a fresh warning that it could delist the struggling electronics retailer as its average market capitalisation had stayed below US$50 million (RM179.76 million) for more than 30 consecutive days.

Read more: NYSE Gives Another Delisting Warning To Radioshack After Poor Stocks Performance

ECB Launches 1 Trillion Euro Rescue Plan To Revive Euro Economy

European Central Bank President Mario Draghi unveils the QE plan. Pic: Kai Pfaffenbach/ ReutersTHE European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions in new money into a sagging euro zone economy.

Read more: ECB Launches 1 Trillion Euro Rescue Plan To Revive Euro Economy