Business
Page 1 of 2, showing records 1 to 20 of 26:
Euro zone crisis
Banks to write off half of Greek bonds
At last there is a solution to the two-year-old euro zone crisis. Private bankers and insurers say they will write off half of Greek government bonds in a plan to cut Greece's debt burden. The deal was struck with European leader, central bankers and the International Monetary Fund at a gruelling eight-hour meeting in Brussels on October 27. This means Greece's debts will be reduced by 100 billion euros (437 billion ringgit), bringing them to 120% of GDP by 2020 from the present 160%.
Debt crisis
Europe may pump $1.3 trillion into bailout fund
0Finance
France may lose triple-A rating
Finance
Italy’s credit rating is slashed
Aviation
Boeing's Dreamliner takes to the skies
Finance
Buffett in $5-billion bid to save Bank of America
Computers & IT
Steve Jobs quits Apple
Markets
Japan wants G-7 to stop market turmoil
Japan says the Group of Seven nations must work closely to stop markets from tumbling. Asian officials are trying to calm investors as stocks take a beating on fear that America is heading for another recession.
Markets
Shares continue to bounce
Shares in the U.S. and Asia get a boost from Google's offer to buy Motorola's Mobility, a struggling smartphone maker, for $12.5 billion (37.5 billion ringgit). The biggest smartphone software maker is paying a 63% premium for the acquisition.
Markets
European stocks to follow Asian rise
Business and finance
Global stocks rebound
Stocks around the world rebounded after the Federal Reserve made an unusual promise to keep interest rates near zero at least until 2013 although it fell short of saying that it will print more money to stave off a looming recession.
Banking and finance
8 European banks fail stress test
It was better than most have expected. Yet eight banks failed the European Banking Authority's stress tests yesterday. Together they were short of 2.5 billion euros ($3.5 billion; 10.6 billion ringgit). Sixteen more will have to increase their capital. Their Tier 1 ratio dropped below 6%. The assessment pass mark is 5%.
Media
Dow Jones chief quits over scandal
The fallout from the now defunct News of the World phone hacking scandal continues. The latest Murdoch's top executive to resign is Les Hinton, chief executive of Dow Jones & Co. which owns the Wall Street Journal. Rupert Murdoch's News Corporation owns Dow Jones.
Consumers
Drop in gas costs cuts U.S. consumer prices
For the first time in a year, consumer prices in America fell last month on sharply lower gas costs. But Americans paid more for cars, clothes and hotel stays, driving prices outside of volatile food and energy costs up.
Television
Tony Fernandes, “The Apprentice” host
Tony Fernandes, the founder of budget airline AirAsia, may not be Asia's answer to Donald Trump in wealth and fame. But he is slipping into his shoes as the host of the Asian edition of “The Apprentice”, the business reality show.
Markets
Singapore to trade shares without a break
Singapore will be the fourth country in Asia and the Pacific to allow non-stop trading of shares in its securities market on August 1, according to an announcement by the Singapore Exchange (SGX). This means that trading will continue without a break from 9 a.m. to 5 p.m. Korea, India and Australia are already trading without a lunch break.
World finance
Christine Lagarde set to head IMF
Christine Lagarde, 55, the French finance minister, is set to head the International Monetary Fund this week despite a strong challenge from Mexico's central bank governor Agustin Carstens to become the next managing director of the world lender, according to Reuters.
Cigarettes
Aussie plain fag pack plan is attacked
Philip Morris International Inc. (PM), the world's largest publicly traded tobacco company, has attacked an Australian proposal that requires cigarettes to be sold in plain packages saying that it violates a treaty with Hong Kong and may cost the government billions of dollars in damages, Bloomberg reported.
In pictures
Quotes of the Day
We are making Sabah not just a gateway for trade, investment and tourism but a modern, vibrant, prosperous and harmonious place to live.
Prime Minister Najib Razak speaking at the open day of the Sabah Development Corridor in Kota Kinabalu on February 16.
Posted on 27-10-2011, 1:01 pm