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 •  Breakfast briefing: Wednesday, September 20
Breakfast briefing: Wednesday, September 20
 •  CIMB Research upgrades UMW to Hold as worst is over
KUALA LUMPUR: CIMB Equities Research has upgraded UMW Holdings Bhd from Reduce to Hold as it raised the target price from RM4.90 to RM5.90.
 •  Toys 'R' Us gets court permission to borrow US$2bil after filing for bankruptcy
NEW YORK: Toys 'R' Us Inc got court permission on Tuesday to borrow more than US$2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy.
 •  China's rubber appetite fails to boost prices amid over-supply
LAUNCESTON, Australia: Pop quiz. Of the major commodities where China is the world's biggest buyer, which has seen the largest increase in imports so far this year? The answer is rubber, both natural and synthetic.
 •  Malaysian palm oil price hits one-week low on technical drop
KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in a week on Tuesday evening, a fourth straight session of falls, due to a technical correction and traders' expectations that export demand will cool towards the end of the month..
 •  Oil price edges off recent high ahead US stock data, OPEC meet
NEW YORK: Oil prices ended lower on Tuesday, retreating from near five-month highs ahead of a meeting between key oil producers on the outlook for further supply cuts.
 •  Global stocks gain slightly, US$ slips as investors await Fed
NEW YORK: Global stock markets inched higher on Tuesday and the dollar dipped as investors awaited signals from the U.S. Federal Reserve on when it will hike interest rates again and start shrinking its balance sheet.
 •  Singapore Press loses claim of being bigger than New York Times
SINGAPORE: Singapore’s leading newspaper publisher had a market capitalisation that was larger than that of The New York Times Co -- until this month.
 •  Court dashes Scomi’s hope for legal action against Prasarana
KUALA LUMPUR: Scomi Engineering Bhd’s unit Scomi Transit Projects Sdn Bhd (STP) has failed in its legal action to stop Prasarana Malaysia Bhd from hiring another party to finish the Kuala Lumpur monorail fleet expansion project while arbitration is still ongoing.
 •  Britain’s Takeover Panel seeks to tighten rules on deals
LONDON: Britain’s Takeover Panel wants to introduce a series of changes to its rules to help protect those involved with businesses that are being targeted by potential purchasers.
Updated: 78 minutes ago
 •  Mahindra two-wheelers bids for Peugeot Citroen's scooters
Automobile major Mahindra & Mahindra's two-wheeler subsidiary Tuesday said that it has made a binding offer to acquire a majority stake in PSA Peugeot Citroen's scooter business.
 •  Sensex trades in red; bank stocks down
Opening after an extended weekend holiday, a benchmark index of Indian equities markets Tuesday traded 108 points or 0.
 •  India offers $250 bn investment opportunity in infrastructure
India needs $250 billion in next 20 years for basic urban infrastructure and this offers huge investment opportunities to international investors, said country's Urban Development Minister M.
 •  SJVNL signs pact for Bhutan hydro project
The public sector Satluj Jal Vidyut Nigam Ltd (SJVNL) has signed an agreement for commissioning of the 600 MW Kholongchu Hydro Electric Project in Bhutan, whose foundation stone was laid by Prime Minister Narendra Modi, the company said Wednesday.
 •  Amazon has high expectations from India business: Jeff Bezos
Amazon has very high expectations from its Indian operations, Chief Executive Officer Jeff Bezos said here Wednesday.
 •  Sensex trades flat; banking stocks plunge
A benchmark index of Indian equities markets Wednesday was trading flat at 22.
 •  Diesel in over-recovery; retail prices exceed global rates
With the rates of the Indian basket of crude oil falling below $95 a barrel, the petroleum ministry Wednesday said losses on diesel sales had been wiped out with the government now looking at a profit of nearly two rupees a litre on the fuel sales.
 •  Ford India's sales dip in September
Passenger car manufacturer Ford India experienced a dip in its September sales as compared to the corresponding period of 2013, the company said Wednesday.
 •  Microsoft Devices launches new Lumia devices
Microsoft Devices Wednesday launched three new Windows smartphones - Lumia 830, Lumia 730 and Lumia 930, a top company official said here.
 •  Maruti Suzuki's September sales up
India's largest passenger car manufacturer Maruti Suzuki Wednesday reported a healthy sales growth of 4.
 •  Reliance Communications to reduce debt to under Rs.20,000 crore
Reliance Communications targets to bring its debt to under Rs.
 •  Maruti Suzuki recalls 69,555 vehicles
In one of the largest automobile repair and inspection exercises, passenger car major Maruti Suzuki Tuesday said that it has recalled 69,555 diesel Dzire, Swift and Ritz models, stating that it will proactively inspect and repair a wiring harness.
 •  Hero MotoCorp's August sales up 30 percent
Two-wheeler manufacturer Hero MotoCorp Tuesday reported sales growth of 30 percent in September by dispatching 600,000 units.
 •  Monetary policy will be inflation data-contingent: RBI
Given that inflation is expected to level at around 7 percent by 2016, the Reserve Bank's monetary policy going ahead will be contingent on relevant data coming in, RBI Governor Raghuram Rajan said Tuesday after announcing the central bank's fourth bi-monthly policy review.
 •  Eight core industries up 5.8 percent in August
Eight core industries such as coal, electricity, crude oil, cement and steel, grew at 5.
Updated: 1553355 minutes ago
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