Tue05262015

LAST_UPDATETue, 26 May 2015 9pm

Samsung To Merge Two Major Units

SEOUL: Samsung Group announced Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.

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China’s Yuan Currency ‘No Longer Undervalued’: IMF

BEIJING: China’s yuan currency, which Washington has long alleged was manipulated, is “no longer undervalued”, the International Monetary Fund said Tuesday.

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Qatar Recalls 2014 Mercedes S-Class Model For Possible Defects

DOHA: Qatar’s Economy and Commerce Ministry and Nasser Bin Khaled Automobiles (NBK Auto), have recalled 2014 Mercedes-Benz S-Class for possible defects in the engine cooling fan, Qatar News Agency (QNA) reported.

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Ryanair Profits Soar 66pc On Improved Service, Lower Fares

DUBLIN ― Ryanair's profits surged 66 per cent in the year to March as passenger numbers grew almost three times the targeted level on improved service and lower fares, with a more modest 10 per cent profit growth forecast for this financial year.

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MRCB To Develop Brickfields Land

KUALA LUMPUR: Malaysian Resources Corp Bhd will demolish the five acre site, known as Lot 349/100 in Brickfields, here starting tomorrow and works to complete in two months.

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Uzma’s Unit Bags Two Contracts Worth RM166.5 Million From Petronas Carigali

KUALA LUMPUR: Uzma Bhd’s associate company, Sazma Aviation Sdn Bhd, has been awarded two contracts worth RM166.5 million by Petronas Carigali Sdn Bhd (PCSB) for the provision of helicopter services.

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Asian Shares Slip, Dollar Stands Tall

Asian shares fell in early trading on Tuesday, while the dollar held near highs scaled in holiday-thinned trading in the previous session.

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Rag Trade Brothers Help Turn Around Marks & Spencer's Fortunes

Two veteran rag trade brothers who came out of retirement to help turn around the fortunes of Marks & Spencer’s clothing business delivered as much as £72m to the bottom line last year.

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Charter Reportedly Near $55 Billion Deal To Acquire Time Warner Cable

Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday.

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Call To Turn Cybersecurity Malaysia Into Elite Cyber Crime Fighters

PUTRAJAYA -- CyberSecurity Malaysia could become an elite team of cyber crime fighters if it is given the mandate, Science, Technology and Innovation Minister Datuk Dr Ewon Ebin said.

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