Sun02012015

LAST_UPDATESat, 31 Jan 2015 9pm

Judge Approves US$450m Deal In Apple Ebook Suit

File Pic: www.niagarafallsreview.caSAN FRANCISCO: A US judge signed off Friday on Apple's US$450 million legal deal to compensate consumers harmed by an illegal price-fixing conspiracy for electronic books.

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Asian Rubber Producers Agree To Manage Exports To Fight Oversupply

Top Asian rubber producers have agreed to "manage" exports to international markets to curb excess supply, although analysts said the step would have little impact on battered prices without a robust pickup in demand. Benchmark rubber prices have fallen a quarter this year, standing just above five-year lows plumbed last month amid a supply glut deepened by a slowing economy in top consumer China.

Read more: Asian Rubber Producers Agree To Manage Exports To Fight Oversupply

Why I Quit Jpmorgan To Start A Jetpack Business

In 2011, Dean O'Malley walked away from a high-paying job with no plans for the future, other than to escape the world of finance.

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Chinese Premier Urges ‘New Growth Engines’ Amid Slowing Economy

Chinese Premier Li Keqiang encouraged Chinese manufacturers to expand overseas, establish strong, world-renowned brands, and launch more innovative ‘Created-in-China’ products and services. — Reuters pic BEIJING— Chinese Premier Li Keqiang has called for “new growth engines” to counter slowing growth in the world’s second largest economy, Xinhua reported late yesterday.

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RBS Admits Blunder In EBA Stress Test, Among UK’s Weakest Banks

Revised figures revealed yesterday showed that instead of passing the test easily as initial results from the exercise showed, the state-owned RBS had narrowly scraped through and was the weakest performer among Britain's banks. — Reuters picLONDON― The Royal Bank of Scotland has accepted that it got its sums wrong over the European Banking Authority stress tests last month.

Read more: RBS Admits Blunder In EBA Stress Test, Among UK’s Weakest Banks

KL Shares On Bursa To Trade Sideways Next Week, Says Finance Expert

KUALA LUMPUR - Share prices on Bursa Malaysia are likely to trade sideways next week and retest the 1,800 points level due to a slowing down in risk taking sentiment, the declining ringgit and falling commodity prices.

Read more: KL Shares On Bursa To Trade Sideways Next Week, Says Finance Expert

Ringgit Likely To Trade Higher Against US Dollar Next Week

KUALA LUMPUR - The ringgit is expected to extend its recovery next week, driven by a bullish outlook on the local stock market and recovery signs in the Asian emerging currencies, a dealer said.

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Malaysia Aluminium Export To China Gains With Indonesian Ban

Pic: REUTERSKUALA LUMPUR: Bauxite mines are springing up in Malaysia and shipping ever-increasing amounts of the raw material used for aluminium to China, helping fill a gap since Indonesia banned ore exports in January in a bid to encourage value-added processing at home.

Read more: Malaysia Aluminium Export To China Gains With Indonesian Ban

Key Hurdle Overcome For Petronas In Canada

Pic: www.rigzone.comVANCOUVER: A Canadian aboriginal community has signed a deal with British Colombia to allow a gas pipeline to be built in its territory, setting the stage for more pacts that could bolster liquefied natural gas (LNG) export projects in the coastal province.

Read more: Key Hurdle Overcome For Petronas In Canada

Thai Asia Aviation Expects Q4 Recovery To Boost 2014 Net Profit

The country's high tourist season in the final quarter plus the company's marketing campaigns would help the airline have a load factor of 80 per cent this year, versus 83 per cent last year. — Reuters pic BANGKOK: Thailand's Asia Aviation Pcl, a major shareholder of budget carrier Thai AirAsia, said today it expected a net profit this year despite a loss in the first nine months, hit by domestic political unrest.

Read more: Thai Asia Aviation Expects Q4 Recovery To Boost 2014 Net Profit