Tue04212015

LAST_UPDATETue, 21 Apr 2015 2pm

AirAsia X Assures Regulator It Will Compensate Disrupted Passengers

Pic: SMHAirAsia X has copped criticism from the competition regulator for the way it dealt with passengers after it abruptly cancelled flights from Australia to Bali and Malaysia earlier this year.

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US And Chinese Investors Buy Cirque Du Soleil

Pic: AFPMONTREAL : American private equity firm TPG and China's Fosun have bought a majority stake in Canadian entertainment juggernaut Cirque du Soleil for an undisclosed sum, the company announced Monday.

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IBM Sales Fall For 12th Quarter, Currency Weighs

International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives.

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KL Shares End Mixed

KUALA LUMPUR: Shares on Bursa Malaysia ended mixed today, recouping earlier losses on mild buying interest in selected finance and plantation counters, dealers said.

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Malaysia's Economy Set To Grow Between 4.5-5.5 Per Cent, Says Najib

KUALA LUMPUR -- Malaysia's economy is set to grow between 4.5 per cent and 5.5 per cent this year, Prime Minister, Datuk Seri Najib Tun Razak said today.

Read more: Malaysia's Economy Set To Grow Between 4.5-5.5 Per Cent, Says Najib

US$300m IPO Planned For Airasia’s Indonesia Unit In 2016, Says Fernandes

JAKARTA — Budget carrier AirAsia is planning an initial public offering for its Indonesian affiliate around the middle of next year and hopes to raise US$300 million (RM1.08 billion), AirAsia boss Tan Sri Tony Fernandes said today.

Read more: US$300m IPO Planned For Airasia’s Indonesia Unit In 2016, Says Fernandes

Toyota To Launch Two Hybrid Cars In China This Year

SHANGHAI: Toyota Motor Corp, the world’s largest automaker by sales volume, plans to launch two hybrid cars in China this year as part of efforts to launch vehicles that will help to reduce pollution in the country.

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Mitsubishi Offers Five-Year Free Maintenance, Warranty For ASX Model

KUALA LUMPUR -- Mitsubishi Motors Malaysia is offering a five-year free maintenance and warranty for the first 1,000 units of the new Mitsubishi ASX model.

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Japan Says Economy Unchanged In April As Factory Output Picks Up

TOKYO — Japan’s government kept its overall assessment of the economy unchanged today, noting a moderate recovery trend as factory output is picking up on the back of improving corporate activity.

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Emerging Stocks Decline Over Surprise China Easing, Rouble Gains

LONDON — Emerging markets got off to a choppy start today following China’s surprise policy easing move at the weekend, although equities and currencies in Russia and central Europe traded firmer.

Read more: Emerging Stocks Decline Over Surprise China Easing, Rouble Gains