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 •  China economy to grow 7.4% in 2014, 7% in 2015
BEIJING: China's economy is likely to grow by 7.4 % this year, slightly below the government's target, and expand 7% in 2015, a senior government economist said on Friday.
 
 •  Faber morphs into regional asset developer after RM1.5b merger
KUALA LUMPUR: Faber Group Bhd has been transformed into the largest development and asset management player in the region following the completion of its RM1.5bil merger.
 
 •  EU banks under RAM Ratings’ coverage sufficiently capitalised
KUALA LUMPUR: European Union banks under RAM Rating Service’s coverage remain sufficiently capitalised, based on the results of the European Banking Authority (EBA) stress test on Oct 26.
 
 •  Pavilion REIT Q3 earnings higher at RM63mil
KUALA LUMPUR: Pavilion Real Estate Investment Trust’s (REIT) earnings rose to RM63.03mil in the third quarter ended Sept 30, 2014 boosted by higher net property income but it expects the rest of 2014 and 2015 to be challenging.
 
 •  China's growth-obsessed officials ignoring green policies: Parliament
BEIJING: Local officials determined to make their economies bigger at any cost are ignoring Beijing's push to cut hazardous air pollution, opting instead to expand heavy industries and cut clean energy from the grid, a Chinese parliamentary report said.
 
 •  Press Metal posts Q3 turnaround profit of RM82.6mil
KUALA LUMPUR: Press Metal Bhd recorded earnings of RM82.6mil in the third quarter ended Sept 30, 2014 following losses of RM1.6mil in the corresponding period last year, with revenue jumping 29.5% to RM1.028bil from RM794.5mil.
 
 •  LPI Capital sells 4m Public Bank shares
KUALA LUMPUR: LPI Capital Bhd disposed of four million shares of Public Bank Bhd from Oct 27 to 29, filings to Bursa Malaysia showed.
 
 •  Fund buying sees KLCI nearing 1,850 level
KUALA LUMPUR: Fund buying of CIMB Group, TM and DiGi helped the FBM KLCI extend its gains with the 1,850 in sight amid a firmer broader market.
 
 •  Unisem records turnaround earnings of RM27mil in Q3
KUALA LUMPUR: Unisem Bhd posted turnaround earnings of RM27.1mil in the third quarter ended Sept 30, 2014 as revenue climbed 10.7% to RM273.3mil from RM246.8mil in the same period a year earlier.
 
 •  1MDB clears the air
1MDB, a strategic development company wholly-owned by the Government of Malaysia, clears the air in a press statement issued on Thursday, Oct 30:
 
Updated: 375 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: 33673 minutes ago
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