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Business News
 •  Baby-friendly blend
In Johor, IOI Loders Croklaan manufactures Betapol for infant formula — a palm oil-based product that mimics the fat in breast milk.
 •  Palm oil falls below RM2,000
Kuala Lumpur: Palm oil tumbled below RM2,000 a tonne for the first time in more than five years as forecasts for a record US harvest of soybeans used to produce an alternative oil threaten to curb demand.
 •  MRCB's second-quarter profit gets boost from sale of Duke stake
KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) net profit for the second quarter ended June 30 surged to RM118.5mil from RM5.8mil a year earlier, boosted by the sale of its 30% stake in Duta-Ulu Kelang Expressway (Duke).
 •  Draghi says ECB ready to adjust policy if inflation drops further
JACKSON HOLE Wyo: The European Central Bank is prepared to respond with all its "available" tools should inflation in the euro zone drop further, ECB President Mario Draghi said on Friday in remarks that opened the door to possible policy action in September.
 •  HSBC is sued in US for US$250 million over alleged role in 'death bonds'
NEW YORK HSBC Holdings Plc was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.
 •  Malaysian palm oil skids for third week past five-year lows
JAKARTA: Malaysian palm oil subsided further on Friday, falling for an eighth-consecutive session to its lowest in more than five years as soybean and crude prices weighed on the market, and defaults and volatility spooked traders.
 •  Rocket Internet and Zalando to unveil listing plans in Sept
FRANKFURT: German venture capital firm Rocket Internet and Zalando, Europe's biggest specialist online fashion retailer, are both on the brink of announcing plans to list on the Frankfurt stock exchange, several sources with knowledge of the matter said.
 •  Dynegy cuts exposure to wholesale power with deals worth US$6.25 billion
NEW YORK: Power company Dynegy Inc <DYN.N> said on Friday that it would buy coal and gas power plants for US$6.25 billion to increase its presence in two less regulated eastern U.S. markets, sending its shares up as much as 22.5 percent.
 •  LSE unveils $1.6 billion rights issue for Frank Russell deal
LONDON: London Stock Exchange Group Plc is raising 938 million pounds ($1.6 billion) in its first rights issue of new stock to part fund the acquisition of U.S. indexes group Frank Russell.
 •  Former Qualcomm executive pleads guilty to insider trading
NEW YORK: A former Qualcomm Inc sales director has pleaded guilty to insider trading in Atheros Communications Inc after learning that his company planned to buy the rival chipmaker in 2011.
Updated: 338 minutes ago
 •  Wipro opens global customer experience centre in US
Indian IT bellwether Wipro Ltd Thursday unveiled a global customer experience centre at its Mountain View office in California off the US west coast to showcase emerging technologies.
 •  Lend up to 50 percent of share value: RBI tells NBFCs
Non-banking finance companies (NBFC) have to maintain a loan-to-value ratio of 50 percent when they lend against shares, the Reserve Bank of India (RBI) stipulated Thursday.
 •  Around 200 tonnes of gold will enter India via grey route in 2014: WGC
Out of the total gold import demand in India in 2014, more than 200 tonnes -- almost 20 percent -- would be served by the grey market, a top official of the World Gold Council said here Thursday.
 •  Railways freight earning grew by 14.72 percent in July
Indian Railways Thursday reported an increase of 14.
 •  RIL to source ethane annually from US
Mukesh Ambani-led Reliance Industries Ltd.
 •  Sensex trades flat; metal stocks down
The benchmark index of the Indian equities market was trading flat in the early morning trade session Thursday, led by a fall in metals and healthcare stocks.
 •  Domestic passenger traffic up 7.19 percent
Domestic air passenger traffic increased by 7.
 •  GAIL told to cut gas supply to non-priority sectors for retail needs
The government Wednesday asked state-run gas utility GAIL India (GAIL) to cut natural gas supplies to non-priority sectors like steel and petrochemicals in order to meet the full CNG (compressed natural gas) requirements of retailers like Indraprastha Gas Ltd.
 •  TRAI to soon release paper on broadband service roll-out
The Telecom Regulatory Authority of India (TRAI) is expected to come out with a paper on the nation-wide roll-out of broadband services by the end of the next month, its chairman Rahul Khullar said here Wednesday.
 •  SpiceJet was second largest passenger carrier in July
Budget airline SpiceJet Wednesday reported that its domestic market share has increased to 21 percent in July 2014, taking its ranking to the second largest passenger carrier.
 •  Tata Motors to come up with two new models every year
Automobile manufacturer Tata Motors Wednesday said it will launch two new models every year as part of its new marketing strategy.
 •  IFC launches $2.5 bn rupee-bonds to fund Indian infra projects
The International Finance Corporation (IFC), the World Bank's private-sector arm, Wednesday launched rupee-denominated bonds worth $2.
 •  M&M plans to export its new Arjun Novo tractor
Automobile major Mahindra & Mahindra Ltd (M&M), part of the $16.
 •  Insurers asked to give details of unclaimed amount
The Insurance Regulatory and Development Authority (IRDA) has asked insurers to upload by January 2015 information on unclaimed amounts over Rs.
 •  Indian founded firm buys out Ghanaian company
US-based leader in mobile applications Kirusa, founded by an Indian, has acquired instant messaging provider Saya in Ghana for an unspecified amount to expand its footprint across the African continent.
Updated: 3177 minutes ago
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