Sun10262014

LAST_UPDATESun, 26 Oct 2014 3pm

Melewar Sold Melewar Steel Tube For RM70m

Pic: www.melewar-mig.comPETALING JAYA: Melewar Industrial Group Bhd (MIG) is planning to dispose of 100% equity interest held in Melewar Steel Tube Sdn Bhd (MST) to Mycron Steel Bhd for RM70 million.

Read more: Melewar Sold Melewar Steel Tube For RM70m

Genting Buy Land Next To Resorts World Bimini For RM78.7m

Pic: www.vcpost.comPETALING JAYA: Genting Malaysia Bhd is expanding its resort property in the Bahamas by buying a 16.2 acre land next to Resorts World Bimini US$24.6 (RM78.7 million).

Read more: Genting Buy Land Next To Resorts World Bimini For RM78.7m

ExxonMobil Begins Ops At Tapis EOR Project

Pic: www.autoblog.comPETALING JAYA: ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc, has started operations at Malaysia's first large-scale enhanced oil recovery (EOR) project at Tapis.

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No Bailout For Austria’s Volksbanken

Part-nationalised Austrian lender Volksbanken AG's losses widened and is unlikely to see a bailout, Sept 15, 2014. Pic: ReutersVIENNA: Austrian finance minister Hans Joerg Schelling said he can’t support partially nationalised Oesterreichische Volksbanken AG again if the European Central Bank finds its capital insufficient.

Read more: No Bailout For Austria’s Volksbanken

Air France Pilots Walk-Off The Job

PARIS: Air France said it’s bracing for the most disruptive strike since 1998 today as pilots walk out over management plans to expand low-cost operations using flight crew paid less than at the mainline carrier.

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IMT-GT To Directly Engage With Private Sector

IMT-GTKUALA LUMPUR -- The Twentieth Indonesia-Malaysia-Thailand Growth Triangle Ministerial Meeting (20th IMT-GT MM) agreed today to directly engage with the representatives of the private sector at their next meeting.

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China Banks No Longer Allowed To ‘Sex-Up’ Their Books

China regulators are now looking at accelerated deposits taken in by banks for 'glossing' their books at months end, Sept 15, 2014. — Reuters pic SHANGHAI: Chinese regulators have adopted measures to stop banks from collecting large amounts of deposits at the end of a month to flatter their financial position, a practice that traders have said threatens the stability of China’s financial system and markets.

Read more: China Banks No Longer Allowed To ‘Sex-Up’ Their Books

Stocks To Maintain Edge Over Bonds

Pic: AFPTHE recent wobbly stretch in both stocks and bonds may persist for the short term if the United States Federal Reserve (Fed) this week lives up to expectations and signals the days of near-zero interest rates are numbered, but it is unlikely to tip valuation scales in favour of bonds any time soon.

Read more: Stocks To Maintain Edge Over Bonds

Samsung Seeks LG Probe

Pic: www.business2community.comSEOUL: Samsung said yesterday it had requested a state investigation of senior executives from its rival LG for allegedly destroying its products at stores in Berlin, renewing a bitter feud between the electronics giants.

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‘Malaysians Not Saving Enough For Old Age’

Pic: New Straits TimesKUALA LUMPUR: The average working Malaysian is not saving enough for their golden years, said Employees Provident Fund (EPF) chairman Tan Sri Samsudin Osman.

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