Wed08052015

LAST_UPDATEWed, 05 Aug 2015 7am

TPP To Deepen US Trade Ties With ASEAN, Kerry

TPP summit in 2010SINGAPORE -- The US will continue to work with its partners to promote a stable, rules-based order for the Asia-Pacific and the Trans-Pacific Partnership (TPP) will spur momentum in that effort, said its Secretary of State John Kerry.

Read more: TPP To Deepen US Trade Ties With ASEAN, Kerry

Comcast Speeding Up Its Discounted Internet Service

FILE - This Dec. 3, 2009 file photo shows signage outside the Comcast Center in Philadelphia. Comcast on Tuesday, Aug. 4, 2015 announced it is speeding up and expanding its discounted Internet service, called Internet Essentials, that was created to get more low-income people online. (AP Photo/Matt Rourke, File)WASHINGTON: Comcast is speeding up and expanding a discounted Internet service that was created to get more low-income people online.

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Drugmaker Shire Bids $30 Billion For Baxter Spin-Off Baxalta

Ludwig Hantson (C), Chief Executive Officer of Baxalta, celebrates the company's IPO after ringing the opening bell above the floor of the New York Stock Exchange, July 1, 2015. REUTERS/LUCAS JACKSONLONDON: Drugmaker Shire (SHP.L) said on Tuesday it was seeking to buy Baxalta (BXLT.N), a company spun-off by Baxter International (BAX.N) last month, for $30 billion to forge the leading global specialist in rare diseases.

Read more: Drugmaker Shire Bids $30 Billion For Baxter Spin-Off Baxalta

Greece Expects Bailout Deal With Lenders In Two Weeks

Greek flags are displayed for sale for one Euro at a shop in central in Athens, Greece July 26, 2015. REUTERS/YIANNIS KOURTOGLOUATHENS: Greece expects to conclude a multi-billion-euro deal with international lenders within two weeks, with the drafting of an accord set to start on Wednesday.

Read more: Greece Expects Bailout Deal With Lenders In Two Weeks

India Central Bank Keep Rates Steady, Leaves Room For More Easing

The Reserve Bank of India (RBI) Governor Raghuram Rajan arrives for a news conference after the bi-monthly monetary policy review in Mumbai, India, August 4, 2015. — Reuters picMUMBAI: India’s central bank kept its policy rate on hold at 7.25 per cent today, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates.

Read more: India Central Bank Keep Rates Steady, Leaves Room For More Easing

Stanchart Malaysia Lands Mandate For First New Shariah-compliant ASEAN Passport Fund

KUALA LUMPUR -- Standard Chartered Bank Malaysia Bhd has been mandated as trustee for the newly-launched Maybank Bosera Greater China ASEAN Equity-I Fund.

Read more: Stanchart Malaysia Lands Mandate For First New Shariah-compliant ASEAN Passport Fund

Greece Stock Market Hit With More Losses As Banking Shares Plunge

 Greek stocks were down 4.5 percent in early trade on Tuesday, dragged down by another near 30 percent plunge in banking stocks, a day after sustaining record losses when the bourse opened following a five-week shut down.

Read more: Greece Stock Market Hit With More Losses As Banking Shares Plunge

Banking Sector Lending Grew 9.1 Per Cent In June

KUCHING: The banking sector’s lending showed an uptick in June, growing 9.1 per cent year-on-year (y-o-y) to RM1,387.7 billion.

Read more: Banking Sector Lending Grew 9.1 Per Cent In June

Malaysia’s New Export Orders Up In July

KUALA LUMPUR: Malaysia’s new exports rose for the sixth month in a row in July, according to the Nikkei Malaysia Manufacturing Purchasing Managers’ Index (PMI).

Read more: Malaysia’s New Export Orders Up In July

CIMB Niaga Records Another Weak Quarter In 2Q15

KUCHING: CIMB Group Holdings Bhd’s shares fell six sen to RM5.32 at closing yesterday with 4.29 million shares changing hands.

Read more: CIMB Niaga Records Another Weak Quarter In 2Q15