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Business News
 •  Gold gets boost from safe haven bids as equities slide
SINGAPORE: Gold added to overnight gains on Thursday, buoyed along with other safe haven assets, as weak global manufacturing data and the first diagnosis of Ebola in the US unnerved equities.
 
 •  Instacom buying 35% stake of Neata Aluminium for RM58.8m
KUALA LUMPUR: Instacom Group Bhd has made an offer to buy a 35% stake of Neata Aluminium (Malaysia) Sdn Bhd for RM58mil in an all-share deal as it diversifies into aluminium design and fabrication.
 
 •  Gabungan AQRS CFO sells 10.7m shares
KUALA LUMPUR: Gabungan AQRS Bhd’s chief financial officer Bernard Lim Soon Chiang disposed of 10.70 million shares in the property developer on Wednesday.
 
 •  Malaysia Airports mulls second right of refusal for Turkey airports
KUALA LUMPUR: Malaysian Airports Holdings Bhd (MAHB) is condering the second right of refusal offer linked to a plan by TAV Havalimanları Holding AS to take up Limak and Limak Yatirim’s stake in two airports in Turkey.
 
 •  Cypark Resources bags RM26m housing job in Johor
KUALA LUMPUR: Cypark Resources Bhd has secured a RM26mil contract from Johor Land Bhd to undertake a housing development project in Pasir Gudang, Johor.
 
 •  Parkson sees 18.4m traded off-market at premium
KUALA LUMPUR: A block of 18.4 million shares of Parkson Holdings Bhd was traded off-market on Thrusday at an average price of RM3.
 
 •  Sarawak the state with highest FDI
KUCHING: Sarawak attracted RM7.5bil in foreign direct investments (FDIs) in the first five months of 2014, making it the top state for foreign capital.
 
 •  Markets under pressure, CIMB, SKPetro weigh
KUALA LUMPUR: European and key Asian markets came under selling pressure on Thursday, sparked off by weakening global manufacturing data while at Bursa Malaysia, the attrition continued.
 
 •  Oil drops under US$93 to new 27-month low amid glut
LONDON: Oil prices hit their lowest level since June 2012 on Thursday, dropping below US$93 a barrel, as official oil price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data.
 
 •  Private Retirement Scheme hits RM500m with 100,000 members
KUALA LUMPUR: The Private Pension Administrator Malaysia (PPA) said the asset under management (AUM) for Private Retirement Scheme (PRS) has hit the RM500mil mark, as member base for the voluntary long-term retirement saving and investment scheme rose to 100,000 members.
 
Updated: 165 minutes ago
 •  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.
 
 •  Tata Starbucks expands to sixth city in India
Tata Starbucks Limited, a 50-50 joint venture between Starbucks Coffee Company of US and Tata Global Beverages, Tuesday expanded its operations to the sixth city in India by opening its flagship store in Hyderabad.
 
 •  Sensex trades flat, as RBI keeps interest rates unchanged
A benchmark index of Indian equities markets was trading flat in the pre-afternoon trade session Tuesday, as the Reserve Bank decided to keep key interest rates unchanged in its fourth bi-monthly policy review.
 
 •  Microsoft to roll out commercial cloud services
Microsoft will offer commercial cloud services form local data centres in India by the end of 2015 which would accelerate public and hybrid cloud adoption significantly, Satya Nadella, CEO of Microsoft, said here Tuesday.
 
Updated: 1371 minutes ago
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