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Monday, 26 October 2009

Islamic asset management needs wide products range

2009-10-26 THE infant Islamic management industry lacks a large enough range of products and distribution channels to increase and challenge its conventional peers in catering to Muslim wealth, experts said.The nascent US$1 trillion Islamic finance industry is...

WORLD BUSINESS IN BRIEF

2009-10-26 Putin extends timber duties moratoriumST PETERSBURG: Prime Minister Vladimir Putin said on Sunday that Russia would extend a moratorium on planned timber export duties for another year, easing the risk of new trade tensions with neighbouring Finland...

Sunday, 25 October 2009

WTO opens probe of EU charges on Chinese screws

2009-10-25 THE World Trade Organisation has opened an investigation into whether European Union charges on imports of Chinese steel fasteners comply with international commerce rules.Beijing argues that the EU is illegally taxing steel fasteners needed for...

WORLD BUSINESS IN BRIEF

2009-10-25 Number of failed US banks exceeds 100WASHINGTON: The number of failed regional United States banks exceeded 100 Friday, after authorities announced the collapse of seven more financial institutions around the country. A total of 106 regional banks...

US firms see glimmers of better 2010

2009-10-25 US MANUFACTURERS can't quite see the light at the end of the tunnel, but are growing more confident that they are not going to run off the rails.Honeywell International Inc and Ingersoll-Rand Plc, which make products ranging from control systems for...

Fed's Bernanke presses for reforms, bank capital

2009-10-25 US FEDERAL Reserve Chairman Ben Bernanke on Friday laid out his most detailed description yet of the central bank's post-crisis approach to regulation and said requiring big banks to hold more capital was under consideration.Speaking at a conference...

Icahn quits from Yahoo! board

2009-10-25 BILLIONAIRE investor Carl Icahn resigned Friday from his position on the Yahoo! board, saying the US Internet giant no longer needed an "activist" director like him."I don't believe that it is necessary at this time to have an...

Saturday, 24 October 2009

Developing world must boost broadband use, says UNCTAD

2009-10-24 DEVELOPING countries risk missing out on the benefits of information technology because of their lack of broadband infrastructure, a UN agency said.Lack of broadband Internet access deprives countries of the possibility of building up offshoring...

IEA says oil spike may hurt global economic recovery

2009-10-24 A RAPID rise in oil prices could hamper the global economic recovery, the executive director of the International Energy Agency (IEA) said on Thursday, but added it was too early to say if that scenario was unfolding now. "If the movement is...

US slashes pay at bailed-out firms

2009-10-24 THE US pay czar on Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent.Kenneth Feinberg, charged with reworking pay contracts for...

More countries imposing VAT: poll

2009-10-24 CASH-STRAPPED countries are increasingly imposing indirect taxes, such as value-added taxes, as governments hunt for new revenue sources, a survey by an accounting firm released on Thursday said.In Europe this year average indirect tax rates rose to...

Windows 7 plan lowers Microsoft earnings

2009-10-24 MICROSOFT Corp yesterday said its net income fell 18 per cent in the last quarter, largely because it deferred revenue to let summertime PC buyers get free upgrades to Windows 7, which launched Thursday.Investors looked past that accounting...

Malaysia developing syariah parameters

2009-10-24 BANK Negara Malaysia is developing Syariah parameters to promote consistent application of Islamic financial contracts, and bring about greater clarity in the system.In its Economic Report 2009/2010, released here yesterday, the Ministry of Finance...

Oil may hit US$100: Deutsche

2009-10-24 OIL prices may surge to US$100 a barrel in the next two quarters as the US dollar weakens against the euro, Deutsche Bank energy economist Adam Sieminski yesterday said. "We think the dollar could weaken further to US$1.60 against the euro and it...

UK economy in longest recession

2009-10-24 BRITAIN'S economy contracted unexpectedly in the third quarter of this year, official data showed yesterday, quashing hopes the downturn was ending and instead marking the longest recession on record.Sterling plunged more than a cent against the...

WORLD BUSINESS IN BRIEF

2009-10-24 GM puts on hold signing of Opel saleFRANKFURT: General Motors put on hold a deal to sell a 55 per cent stake in carmaker Opel to a Russian-backed consortium led by Canadian automotive group Magna, GM's chief negotiator on the deal yesterday said. No...

Friday, 23 October 2009

Microsoft unveils Windows 7

2009-10-23 MICROSOFT Corp yesterday launched Windows 7 in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.The world's largest software company, which powers...

WORLD BUSINESS IN BRIEF

2009-10-23 Business urged to protect nature OSLO: Companies must step up efforts to safeguard nature, according to a UN-backed study yesterday that praised consumer foods giant Unilever as among few firms doing enough. The report, looking at 31 firms in the...

Trade cases jump amid crisis: WB

2009-10-23 GOVERNMENTS started 53 per cent more probes into other countries' trading practices in the third quarter compared to a year earlier as industries sought cover from imports amid the financial crisis, a World Bank report said on Wednesday.Industry...

Asia, Europe property markets start rebound

2009-10-23 THE worst of the global commercial property meltdown is over, although the recovery will be uneven as rebounding markets in Asia and Europe contrast with more subdued US conditions, a report said on Wednesday. The rally is supported by the...

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