KLSE Market | Malaysia News for 2010-01-30 

  The Star

Bankers at Davos told more regulation on the way
DAVOS, Switzerland (AP): Regulators from the world’s major developed countries have told bankers far and wide in Davos that greater regulation is on the way, a defensive move aimed at avoiding a repeat of last year’s financial meltdown that dragged most of the world into recession.


  Books pulled from Amazon.com in pricing dispute
NEW YORK (AP): Books published by Macmillan are unavailable on Amazon.com, apparently the biggest rift yet in the ongoing dispute over e-book prices.

AP Sources: US regulators OK Toyota gas pedal fix
DETROIT (AP): US regulators have cleared Toyota’s plan to fix millions of sticky gas pedals, and dealers could get parts to make the repairs as early as Thursday or Friday, people briefed on the matter said Saturday.

First new Russian casino opens under gambling plan
AZOV CITY, Russia (AP): Half a year after Russia closed all of it’s gambling casinos and slot-machine halls, the first new casino opened Saturday under a plan to limit legalized gambling to four comparatively remote areas.

Reports: Russia in euro1.3B arms contract with Libya
MOSCOW (AP): Russian news agencies have reported that Moscow has signed an arms deal with Libya worth euro1.3 billion ($1.8 billion).
  The Malaysian Mail

Flat trading in Euro stocks
LONDON: European stocks ended mixed yesterday amid concerns on Greece’s debt crisis and the stability of Austrian banks, as well as investor speculation on a possible early hike in US interest rates.. London’s FTSE 100 index of leading shares closed down 0.56 per cent at 5,285.77 points while in Paris the CAC 40 inched up 0.10 per cent to 3,834.09 and the Frankfurt Dax rose 0.16 per cent to 5,811.34.. Zurich was up 0.10 per cent, Brussels rose 0.08 per cent and Amsterdam gained 0.83 per cent, but Milan fell 0.15 per cent and Madrid was down 0.25 per cent.


  Wall Street ends lower
NEW YORK: Wall Street stocks retreated yesterday with investors turning skittish in the face of mixed economicnews and as a two-day Federal Reserve meeting on monetary policy got underway.. The Dow Jones Industrial Average dropped 49.05 points (0.47 per cent) to close at 10,452.00, a day after the blue chip index’s highest close since October 2008.. The technology-rich Nasdaq composite lost 11.05 points (0.50 per cent) to 2,201.05 and the Standard & Poor’s 500 index shed 6.18 points (0.55 per cent) to close at 1,107.93.

Fed likely to maintain stimulus
WASHINGTON: The US Federal Reserve concludes a two-day meeting today expected to pledge ongoing stimulus for a recovering US economy.. The Federal Open Market Committee (FOMC) is widely expected to keep its near-zero interest rate policy and a range of programmes to flood the financial system with money to restore credit flows.

Dream comes true for Boeing (finally)

BIZ BRIEFS: AirAsia to expand India routes

Colourful chips in the market

QMS launches hub in KL
KUALA LUMPUR: Qatar Media Services (QMS) aims to be a leading regional media partner leveraging on several platforms such as outdoor, print, online and television in countries like Australia, Hong Kong, Vietnam, Taiwan, Singapore, Korea, Japan and Malaysia in areas of media representation, media buying and consultancy services.. Trademarked as Q.media, the media representative for the Al-Jazeera Network and numerous other global and regional media networks, it launched its Asia Pacific hub here this morning.


  The Edge Malaysia

#Stocks to watch:* LCL, AE Multi, The Store, Jetson
KUALA LUMPUR: Malaysia’s stock market ended January on a weak note, down nearly 14 points at 1,259.16 on Friday, Jan 29 from the close of 1,272.78 on Dec 31.The FBM KCLI which managed to cross the 1,3….

Obama says U.S. deficit could jeopardise recovery
WASHINGTON: U.S. President Barack Obama renewed his pledge on Saturday, Jan 30 to make job creation his top priority in 2010 but said it was also critical to rein in a record budget deficit that threa….

Bankers, regulators moot post-crisis rules
DAVOS, Switzerland: Leading bankers seeking to quell a political backlash over their role in the financial crisis agreed with regulators on Saturday, Jan 30 that new banking rules should be globally c….

Wall St falls on euro-zone worry, tech slide
NEW YORK: U.S. stocks dropped on Friday, Jan 29 as worries about fiscal turmoil in Europe and a drop in technology stocks pushed the S&P 500 to its worst monthly decline since February 2009, a….