News and AnalysisKUALA LUMPUR (AFP): Malaysian tycoon Ananda Krishnan has made a US$1.48 billion buyout offer for power and gambling firm Tanjong, the second major corporate deal he has launched in a week.
Business
US growth slows fueling fears over recovery
WASHINGTON (AFP): US economic growth slowed dramatically in the second quarter, the government has said, stoking fears that the recovery is losing steam and fueling a fierce political debate over how to respond.
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Disney to sell Miramax for US$660m
NEW YORK: Disney is selling Miramax Films for about US$660 million (RM2.1 billion) to the Filmyard Holdings consortium in a deal that includes rights to dozens of award-winning movie titles.
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US growth slows fuelling recovery fears
By Andrew Beatty
WASHINGTON: US economic growth slowed dramatically to 2.4% in the second quarter of this year, the Commerce Department said today, prompting fears the recovery is losing steam.CI hits new two-year high
KUALA LUMPUR: The FBM KLCI closed higher for the sixth straight day today, helped by last- minute buying in selected heavyweights and rotational plays on lower liners, dealers said.
Franchise Act to be amended soon
By G Vinod
KUALA LUMPUR: The Franchise Act will be amended soon to plug certain loopholes in the existing legislation, Domestic Trade, Cooperative and Consumerism Minister Ismail Sabri Yaakob said today.
Japanese, US recovery fears send Asian stocks lower
By Danny McCord
HONG KONG: Fears of a slowdown in the United States and poor economic data out of Japan pushed Asian markets lower today as dealers took the opportunity to cash in recent gains.Japan's unemployment rises, output falls
TOKYO: Japan's unemployment rate ticked higher while production of automobiles and electronic gadgets slipped in June, data showed today, in a mixed picture for the world's second-largest economy.
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