Malaysia News
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Updated 2 hours, 17 minutes ago
Oil fell in New York and headed for the first weekly decline in four after Saudi Arabia denied a reported pipeline explosion in its Eastern province.
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Updated 17 minutes ago
Soaring oil prices have displaced Greece’s sovereign debt as a threat to global economic growth and financial markets, HSBC Holdings Plc, Europe’s largest bank by market value, said.
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Asia’s job markets are holding up even as the European crisis hurts exports, auguring stability in domestic demand that reduces the case for the region’s central banks to add monetary stimulus.
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Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets.
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CIMB Group Holdings Bhd., Malaysia’s second-biggest lender, plans to keep the majority of the 150 Australia-based staff currently employed in the divisions of Royal Bank of Scotland Group Plc that it seeks to acquire.
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The following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses and share prices are as of yesterday’s close.
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Turkey, planning its first sale of bonds that comply with Islamic law, may have to pay about a percentage point more in interest than on bonds sold in dollars that don’t have religious restrictions.
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J.C. Flowers & Co. LLC, the investment firm founded by financier J. Christopher Flowers, is considering a bid for Asian insurance assets being sold by Dutch financial company ING Groep NV, two people with direct knowledge of the talks said.
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CIMB Group Holdings Bhd. has proposed to buy some of the Asian assets of Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender.
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Cooking-oil imports by India, the biggest palm oil buyer, will climb as much as 12 percent to a record after dry weather and excessive rain curbed oilseed crops, according to GG Patel & Nikhil Research Co.
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