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Business News

Business News


BAT agrees terms to buy Reynolds for US$49.4b

Tue, 17 Jan 2017 16:26:01 +08:00

LONDON: British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc, creating the world's biggest listed tobacco company after it nudged up an earlier offer by more than $2 billion. British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc

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Maybank's 35m shares crossed at RM281.7m, Felda behind sale

Tue, 17 Jan 2017 15:48:06 +08:00

KUALA LUMPUR: A total of 35 million shares of Malayan Banking Bhd was transacted in an off-market deal in late Tuesday afternoon, which was owned by the Federal Land Development Authority (Felda).

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AirAsia increases flights for Chinese New Year

Tue, 17 Jan 2017 15:36:38 +08:00

KUALA LUMPUR: AirAsia Bhd is increasing its flights for the Chinese New Year (CNY) period, offering 84 additional domestic and international trips.

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Chinese president to defend globalisation in Davos

Tue, 17 Jan 2017 15:17:45 +08:00

DAVOS, Switzerland: Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing's growing global role.

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Scholar says free-floating yuan is nothing to fear

Tue, 17 Jan 2017 15:07:47 +08:00

SHANGHAI: China should overcome the "irrational fear" of allowing the yuan currency to float freely, an influential government researcher said on Tuesday, as markets seek clear policies in an increasingly complex financial environment.

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Australia, China, Malaysia say underwater search for MH370 suspended

Tue, 17 Jan 2017 14:58:02 +08:00

SYDNEY: The deep-sea search for missing Malaysia Airlines flight MH370 has ended without any trace being found of the plane that vanished in 2014 with 239 people on board, the three countries involved in the search said in a statement on Tuesday.

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Brexit worries push gold to highest in over 7 weeks

Tue, 17 Jan 2017 14:47:42 +08:00

BENGALURU: Gold prices hit their highest in more than seven weeks on Tuesday, boosted by safe-haven buying ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit".Gold demand in Singapore in 1993 was at 21.4 tonnes and in Malaysia it stood at 22.4 tonnes. Six years after Singapore implemented the GST in in 1994,and Singapore only recorded 12.1 tonnes while Malaysia raked up 21.1 tonnes - Reuters Photo.

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Felda chairman: "We won't micro manage FGV'

Tue, 17 Jan 2017 14:15:50 +08:00

KUALA LUMPUR: The Federal Land Development Authority (Felda) will not interfere and micro-manage Felda Global Ventures Holdings Bhd (FGV) despite being its major shareholder, newly-appointed Chairman Tan Sri Shahrir Abdul Samad said.

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Shahrir: Felda unit FIC being reorganised, board members told to resign

Tue, 17 Jan 2017 13:57:00 +08:00

KUALA LUMPUR: All members of Felda Investment Corporation Sdn Bhd (FIC)'s board have been ordered to resign to facilitate reorganisation of the company.Shahrir: 'FIC is critical to Felda. I've asked all FIC board members to resign.'

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