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Malaysia Business News - Media Monitoring Service by EIN News

Malaysia Business News - Media Monitoring Service by EIN News
Malaysia Business News. Service for global professionals. Constantly updated news and information … businesses in the Bukit Bintang area of Kuala Lumpur. …

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Russian parliament approves bill lengthening presidential te..
AFP - The Russian lower house of parliament on Friday approved a bill extending presidential terms from four to six years, although the changes need approval by the upper house, Russian news agencies reported.

Indian shares turn negative after being up 4 pct (Reute..
Reuters - India's main share index briefly turned negative on Friday afternoon as foreign funds sold after the market had climbed 4.4 percent in the morning, traders said.

Honda to cut global output amid slowing demand (AP)
AP - Honda Motor Corp. said Friday it will cut production in Japan and Europe by 61,000 vehicles, as it continues to grapple with slowing global demand.

Asia Rises On China Rate Cut Tip - Ananova
Speculation of a weekend rate cut in China has helped lift regional Asian markets with Japanese, Taiwanese and Hong Kong shares all showing solid gains. The rises may also have come in anticipation of a rise in US shares, which took a battering ...

Troops patrol Kashmir to thwart anti-poll protests (Reu..
Reuters - India deployed thousands of troops in Kashmir's main city on Friday and erected barricades in what amounted to an undeclared curfew to thwart planned protests against ongoing state elections.

Thai unions pledge strike unless government steps down ..
AFP - Thailand's main public sector unions threatened a nationwide strike next week if the government does not bow to the demands of protesters and quit, according to a statement.

Shanghai's Peace Hotel to become arts centre
SHANGHAI : Shanghai's iconic Peace Hotel, once known as the most luxurious destination in the Far East, is to host a contemporary arts centre, according to operators.

Asia stocks bounce off five-year lows - Financial Times
Shares in Asia Pacific bounced off five-year lows as oil’s fall below $50 a barrel overnight deepened fears of recession and the S&P 500 index in New York closed at an 11½-year low. Finance and technology companies led the weak rebound, although ...

Asia shares rebound despite heavy US falls - Times Online
Shares across Asia rebounded today despite sharp overnight falls in America, as the Bank of Japan held interest rates at 0.3 per cent and said it would consider injecting more capital into the financial system. At the same time, Hong Kong's Hang Seng ...

Russian church to set up vigilante groups: report (AFP)..
AFP - The Russian Orthodox Church is planning to set up vigilante groups to impose civic order in towns and villages, a church spokesman was quoted as saying in the Kommersant daily on Friday.

US Congress warned of Chinese cyber, space threats
WASHINGTON : China has developed a sophisticated cyber warfare program and stepped up its capacity to penetrate US computer networks to extract sensitive information, a US congressional panel has warned.

Troubled Indonesian tycoon to drop Cabinet post
JAKARTA - Indonesia's billionaire Welfare Minister Aburizal Bakrie will leave the Cabinet next year, a spokesman said Friday, as the global economic crisis continued to batter his business empire.

CHINA/US: Balking at Changing Dollar-Centric Economic Order
BEIJING, Nov 21 (IPS) - The spectre of a prolonged global recession has dampened China's wish for a world financial order less dominated by the United States and its dollar, giving way to more urgent dealings with recession worries at home.

England captain seeks centuries in India (AFP)
AFP - England need big scores in India if the tourists are to turn around a 3-0 deficit in the seven-match one-day series, captain Kevin Pietersen said on Friday.

Funeral bombing kills seven in Pakistan: police (AFP)
AFP - A bomb ripped through a funeral procession Friday in northwestern Pakistan, killing at least seven people and wounding at least 40 others, police and hospital officials said.

Indian PM appeals against caste, religious divisions
NEW DELHI : Prime Minister Manmohan Singh urged Indians on Friday to reject centuries of ethnic and religious divisions, warning that they would be manipulated by politicians to fracture the country.

US financial lobby urges open markets for China (AP)
AP - Members of a U.S. financial industry group visiting China this week to push for more open capital markets said they found officials here alarmed by the credit crisis, but eager to work together to resolve problems.

Dealogic league table roundup, November 21
Equity capital markets trends upwards at a slow pace.

Asia stocks bounce back from 5-year low - Boston Globe
HONG KONG (Reuters) - Asian stock markets rebounded from a five-year low on Friday as a variety of rumors such as China cutting interest rates later in the day prompted investors to cover short positions before the weekend. The recovery in stocks ...

SCENARIOS - Where does the Tibetan movement go from here? ..
Reuters - More than 500 Tibetan exiles have gathered in Dharamsala, the headquarters of the Tibetan government-in-exile in northern India, to weigh options in their struggle for political rights in Tibet.

Japan stocks rise after losses earlier this week (AP)
AP - Japanese stocks gained Friday, boosted by a weakening yen and other Asian bourses rallying despite an overnight rout on Wall Street.

Singapore officially in recession
Singapore downgrades its economic growth figure, confirming it was Asia's first country in recession in this crisis.

Indian troops impose security clampdown in Kashmir (AFP..
AFP - Thousands of Indian troops sealed off neighbourhoods in Muslim-majority Kashmir's summer capital Srinagar on Friday to prevent anti-India protests.

Indian shares bounce 4 pct; banks, techs rise (Reuters)..
Reuters - Indian shares bounced 4 percent on Friday after sliding more than a fifth over the past seven sessions, taking cues from a turnaround in Asian markets and expectations for an interest rate cut.

Blast kills 7 at Shi'ite funeral in Pakistan (Reuters)
Reuters - A bomb blast killed at least seven people and wounded 40 at the funeral for a Shi'ite Muslim on Friday in the northwest Pakistani town of Dera Ismail Khan, a hospital doctor said.

India says poor should not pay for profligacy of rich nation..
AFP - India's premier said Friday the poor should not pay for the "profligacy" of rich nations as he vowed to use all fiscal and monetary tools to tackle the knock-on impact of the global financial crisis.

BOJ holds rates, tweaks market operations
As recession spreads through the developed world, including Japan and the euro zone, the central bank warned of downside risks to the Japanese economy and said the hard times could last for a while with inflation pressures easing

RPT-TAKE A LOOK-MIPIM Asia property conference - Reuters Ind..
Asia property executives gathered in Hong Kong this week at the MIPIM Asia exhibition and conference as the global economic crisis starts to take its toll on property markets around the region. Fund managers are keen to snap up bargains, while ...

Shanghai's Peace Hotel to become arts centre (AFP)
AFP - Shanghai's iconic Peace Hotel, once known as the most luxurious destination in the Far East, is to host a contemporary arts centre, according to operators.

China plans US$440b investment in quake-hit province
BEIJING: China is to spend nearly 440 billion dollars by 2010 on rebuilding the quake-hit southwestern province of Sichuan and helping it cope with the global economic crisis, according to an official.