Fri12192014

LAST_UPDATEFri, 19 Dec 2014 2pm

Asian Shares Rise After Encouraging US Data

Pic: AFPSYDNEY — Japanese stocks led Asian markets higher today, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.

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No Change In Power Tariff Until June 30, 2015

Pic: The Sun DailyKUALA LUMPUR: Tenaga Nasional Bhd (TNB), which is conducting a due diligence on buying a 25% stake in 1Malaysia Development Bhd's (1MDB) Jimah East coal fire power plant, reiterated that that there will be no increase in electricity tariff until June 30 next year.

Read more: No Change In Power Tariff Until June 30, 2015

Analysts Say Oil Prices To Have Positive Effect On World Economic Growth

Reuters picNEW YORK — Global defence spending is likely to remain constant for the next two years as tumbling oil prices cut the budgets of Middle East exporters, but swell the coffers of Asia-Pacific importers, defence analysts IHS said today.

Read more: Analysts Say Oil Prices To Have Positive Effect On World Economic Growth

GM, Audi And Jaguar Land Rover Stop Sales As Rouble Collapses

Reuters picMOSCOW — General Motors Co, Audi and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the ruble’s collapse.

Read more: GM, Audi And Jaguar Land Rover Stop Sales As Rouble Collapses

Teraju, Maybank Ink RM600m Funding Deal

Pic: NSTBUMIPUTERA Agenda Steering Unit (Teraju) has forged a partnership with Maybank Islamic Bhd to provide RM600 million funding to high-performing Bumiputera small and medium enterprises (SMEs).

Read more: Teraju, Maybank Ink RM600m Funding Deal

Fed Remains ‘Patient’ On Rate Hike

THE United States Federal Reserve made no changes to its monetary policy yesterday, saying it can remain “patient” before moving to raise interest rates and normalising its easy-money stance.

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OWG Closes 3.5 Sen Higher On Debut

Pic: NSTKUALA LUMPUR: Leisure and hospitality-based Only World Group Holdings Bhd (OWG) closed at a slight premium of 3.5 sen over its 88 sen offer price following its debut on Bursa Malaysia yesterday.

Read more: OWG Closes 3.5 Sen Higher On Debut

Swiss Franc Begins To Slip As Negative Interest Rates Bite

The Swiss banks announcement of negative interest rates has been caused by fears of over-valuation, December 18, 2014. — Reuters picZURICH: Switzerland’s franc weakened the most in 18 months versus the euro after the nation’s central bank introduced negative interest rates to defend the currency’s cap.

Read more: Swiss Franc Begins To Slip As Negative Interest Rates Bite

Too Early To Tell

Too Early To TellWEAKER RINGGIT, OIL PRICES: TNB assessing impact on operations and finances

Read more: Too Early To Tell

Jentayu Apologises, Hopes To Meet With Khazanah

KUALA LUMPUR, Dec 18 -- Jentayu Danaraksa Sdn Bhd (JD) today expressed its profound regret over events that have transpired since the company's media briefing on Dec 15.

Read more: Jentayu Apologises, Hopes To Meet With Khazanah