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  • Guinea to cancel BSG Resources-Vale mining rights

    CONAKRY, Guinea (AP) — The government of Guinea is planning to revoke the mining rights to one of the largest untapped iron ore deposits in the world, following a watchdog's recommendation. …

  • Fiat and Chrysler to build 3 Jeep models in China
    Fiat and Chrysler to build 3 Jeep models in China

    ROME (AP) — Fiat and Chrysler announced plans Saturday to build three new Jeep models in China for that market, the biggest for the vehicles outside the United States, as they attempt to boost sales in a country where they lag behind their competitors. …

  • India's GDP quadrupled in 10 years under UPA: Anand Sharma

    Mumbai, April 19 (IANS) India created a world record of quadrupling its GDP in the past 10 years under the two UPA governments, Union Commerce Minister Anand Sharma said here Saturday. In contrast, even during the industrial revolution, countries like the US, Britain or Germany could not double their GDP in 10 years. Japan was the first country which doubled its GDP in a decade while China broke it by tripling its GDP in a decade, Sharma said, citing various reports, including the Reserve …

  • Laundry Project India to expand operations

    Chennai, April 19 (IANS) Corporate clothes launderer Laundry Project India plans to expand its business operations by setting up operations in Pune and National Capital Region (NCR) this year and also venture into leasing of linen and corporate uniforms, said a top company official. The organised laundry market size in India is around Rs.5,200 crore as per KPMG study," R.Balachandar, founder and CEO, told reporters here Saturday. He said while most of the corporates in this segment are …

  • Goa Congress unhappy with Karnataka unit over water dispute

    Panaji, April 19 (IANS) The Congress in Goa Saturday said it will ask its party's government in neighbouring Karnataka to fall in line over a water dispute being heard by a central tribunal. Congress spokesperson Durgadas Kamat told a press conference that the Karnataka government was defying a recent Mhadei Water Disputes Tribunal (MWDT) decision to erect a wall across a canal, built to divert water from the Mhadei river to the Malaprabha basin in the state. We will speak to the Congress …

  • Fiat Chrysler to build 3 Jeep models in China
    Fiat Chrysler to build 3 Jeep models in China

    ROME (AP) — Fiat and Chrysler say they will build three new Jeep models in China for the local market, the biggest for Jeeps outside the U.S. …

  • Fiat Chrysler to build 3 Jeeps in China

    ROME (AP) — Fiat and Chrysler say they will build three new Jeep models in China for the local market, the biggest for Jeeps outside the U.S. …

  • CBI probe sought into Vadra's land deal

    New Delhi, April 19 (IANS) A plea has been filed in the Delhi High Court seeking a CBI probe into licences granted to several real estate developers, including the one with which Congress chief Sonia Gandhi's son-in-law Robert Vadra's Skylight Hospitality Pvt. Advocate M.L. Sharma moved the high court, saying several licences were issued to developers and builders for turning 21,366 acres of land into colonies. In the plea, he contended that allocation of licences for developing colonies was …


  • MAS partners up with Ramco Systems to improve efficiency

    SUBANG (Feb 3): Malaysian Airline System Bhd (MAS) announced its strategic partnership with Ramco Systems, a Chennai-based IT solutions provider, in an effort to optimise its operations and reduce costs. …

  • #Highlight* Taib’s family in 400 firms worth billions and Taib might have broken state law as ...

    KUALA LUMPUR (March 3): Tan Sri Abdul Taib Mahmud, who has just stepped down as Sarawak chief minister and become the Yang di-Pertua Negeri (state governor), has led the state imperiously for 33 years; and during these years, his family members have amassed billions of wealth. …

  • #Stock Focus* Spritzer rises 2% on water rationing

    KUALA LUMPUR (Mar 3): Bottled-water producer Spritzer Bhd rose as much as 2% amid news of water rationing in the Klang Valley. …

  • Hong Leong lowers Sime Darby's profit forecast, TP to RM10.02

    KUALA LUMPUR (Feb 3): Hong Leong Investment Bank Bhd (HLIB) trimmed marginally its FY14 core net profit forecast for Sime Darby Bhd to RM3.13 billion to reflect lower oil palm  fresh fruit bunch (FFB) yield assumption. …

  • #Fund Flow* Foreign selling stops, for now

    KUALA LUMPUR (March 3): After selling in 19 out of the last 20 weeks, including the last seven consecutive weeks, foreign investors turned net buyers of Malaysian stocks, according to MIDF Research. …

  • Alliance: TH Heavy may doule EPS with RM400m record orderbook

    KUALA LUMPUR (Mar 3): TH Heavy Engineering Bhd may double its earnings per share (EPS) in anticipation that the usage of its fabrication yard will rise to 90%, according to Alliance Research. …

  • Kenanga downgrades KPJ profit, TP

    KUALA LUMPUR (Mar 3): Kenanga Investment Bank Bhd has cut its net profit forecast for Hospital operator KPJ Healthcare Bhd and reduced the target price (TP) for the stock. …

  • Airbus’ first facility out of Europe rides on China’s growth

    TIANJIN (China): The first Airbus assembly facility outside of Europe — the Final Assembly Line in Tianjin, China (FALC) — is poised to ride on the growth of the Chinese aviation market. In a recent visit to the facility, Airbus (Tianjin) Final Assembly Co Ltd general manager Andreas Ockel briefed local and foreign media that China is currently Airbus’ No 2 market in terms of deliveries of aircraft. “Out of 626 aircraft [Airbus] produced and delivered last year, 133 were delivered to China,” …


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