Tue07222014

LAST_UPDATETue, 22 Jul 2014 10pm

Fed Begins Policy Exit Talks, Split On View Of US Job Market

Stanley Fischer is sworn before a Senate Banking Committee confirmation hearing on his nomination to be vice chairman of the Federal Reserve Board in Washington DC, March 13, 2014. — Reuters WASHINGTON DC: Federal Reserve policymakers last month began laying groundwork for an eventual retreat from easy monetary policy with a discussion of how to best control interest rates as they remove trillions of dollars from the financial system.

Read more: Fed Begins Policy Exit Talks, Split On View Of US Job Market

Perdana Petroleum Gets Contract Extension

Perdana Petroleum bags Petronas charters/Pic:www.seatrade-global.comPETALING JAYA: Perdana Petroleum Bhd's subsidiary Perdana Nautika Sdn Bhd has secured a RM30 million contract extension to its original two year contract from Murphy Sabah/ Sarawak Oil Co Ltd for the supply of an anchor handling tug supply vessel (AHTSV) to support Murphy's 2012/2014 Shallow Water Drilling Program.

Read more: Perdana Petroleum Gets Contract Extension

Mazda 5 Skyactiv Set Monthly Sales Target Of 30 To 50 Units

 Amer Hamzah poses with the new Mazda 5 SkyActiv during the launch. The Sun/Zulfadhli ZakiPETALING JAYA: Prima Merdu Sdn Bhd, the sole and exclusive importer of Mazda vehicles in Malaysia, plans to sell 30 to 50 units of the new Mazda 5, dubbed Mazda 5 SkyActiv, every month, said its executive director Datuk Amer Hamzah Ahmed.

Read more: Mazda 5 Skyactiv Set Monthly Sales Target Of 30 To 50 Units

Lawmakers Urge US To Shun Brunei In Trade Talks Over Sharia Law

File picture shows Brunei’s Sultan Haji Hassanal Bolkiah (centre) arriving at Naypyitaw airport, Myanmar to attend the 24th Asean Summit May 10, 2014. — ReutersWASHINGTON DC: A group of lawmakers wants the United States to press Brunei to revoke Islamic criminal laws that they say jeopardise human rights under threat of being kicked out of Pacific free trade talks.

Read more: Lawmakers Urge US To Shun Brunei In Trade Talks Over Sharia Law

Malaysia, Gulf Coming Closer On Islamic Bai Inah Deals

 Securities Commission tightening rules on bai inah puts Malaysian practice closer to the more stringent approaches to shariah compliance of the Gulf states. — ReuterKUALA LUMPUR: Malaysia’s Securities Commission has tightened rules on bai inah, a popular but divisive Islamic financing contract, in a fresh sign that standards in the world’s two main centres for shariah-compliant banking are slowly converging.

Read more: Malaysia, Gulf Coming Closer On Islamic Bai Inah Deals

Airasia Profit Up 33.3pc

Pic: EguideBRIGHT SKY: Carrier earns RM139.7m in first quarter on flat revenue of RM1.3b

Read more: Airasia Profit Up 33.3pc

US-Japan Talks To Impact TPP ‘Positively’

SingaporeSINGAPORE: The improved momentum in bilateral negotiations on market access between the United States and Japan will have a cascading impact on the progress of the Trans Pacific Partnership (TPP) talks, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Read more: US-Japan Talks To Impact TPP ‘Positively’

Lenovo Profit Up 25pc As Smartphones, Pcs Boost Market Share

Lenovo plans to triple the number of countries where it sells phones by adding 20 new markets in the Middle East, Africa and Latin America. — Reuters BEIJING: Lenovo Group Ltd, the world’s largest maker of personal computers, reported a 25 per cent jump in fourth-quarter profit as its desktop models and mobile devices gained global market share.

Read more: Lenovo Profit Up 25pc As Smartphones, Pcs Boost Market Share

UN: Forced Labour Making US$150b In Profit Each Year

Forced labour often includes trafficking, various forms of modern slavery and debt bondage. /Pic:AFPMANILA: The International Labour Organisation (ILO) says forced labour in the private economy generates US$150 billion (RM482.8 billion) in illegal profit every year, three times more than previously estimated.

Read more: UN: Forced Labour Making US$150b In Profit Each Year

Google Overtakes Apple As World’s Top Brand

Pic:ReutersUS search engine Google has overtaken rival technology titan Apple as the world's top brand in terms of value, global market research agency Millward Brown said yesterday.

Read more: Google Overtakes Apple As World’s Top Brand