Rupiah to rupee lead worst year for Asian currencies since 2008
ASIAN currencies headed for their worst year since the 2008 global financial crisis as overseas investors fled emerging markets in…
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New Year’s Day marks 100 years of commercial aviation
KUCHING: Today marks exactly 100 years since the birth of commercial aviation. The International Air Transport Association (IATA) invites everyone…
Sabah’s economy on right track with Halatuju development agenda
KOTA KINABALU: Sabah’s economy is on the right track with the decade-old state Halatuju development agenda complementing the initiatives under…
LME to implement warehouse reforms as average rent drops
LONDON: The London Metal Exchange will push ahead with proposed reforms to its warehousing policy, it said on Monday, and…
Deutsche Telekom’s new CEO faces twin tests
FRANKFURT: When Deutsche Telekom’s new Chief Executive Tim Hoettges takes office on Wednesday, a revival of mergers and acquisitions in…
China may raise Iran oil imports with new contract — Sources
BEIJING: China may buy more Iranian oil next year as a state trader is negotiating a new light crude contract…
Stocks say sayonara to a good 2013
SYDNEY: Global stocks are closing out 2013 sitting on sizable gains courtesy of super-easy monetary policies and an improving economic outlook, though…
China stock market disappoints on cash shortage among banks
SHANGHAI: A cash shortage among banks made the Chinese stock market one of the world’s worst performing this year, showing…