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NEW YORK: Oil prices followed stocks higher on Wednesday, as worries about European debt problems eased and buyers returned to the market.

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18. Oil hovers near US$75 amid US crude supply drop(update)

KUALA LUMPUR: Petra Perdana Bhd will be seeking legal advice after the Court of Appeal had on Tuesday dismissed its appeals against an earlier High Court decision.

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20. Petra Perdana to seek legal advice after appeals dismissed

PETALING JAYA: Tanjong Capital Sdn Bhd (TCSB) has extended the closing date for acceptance of the conditional takeover offer of all Tanjong Plc’s voting shares by two weeks.

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18. Tanjong extends closing date

New York: John Kluge, once listed as the wealthiest man in America, who built an investment in a radio station into a broadcasting empire that was the forerunner to Fox Television, has died.

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13. Once US richest man and philanthropist, billionaire John Kluge dies

KUALA LUMPUR: Lexus Malaysia has sold 1,000 units of Lexus model cars since their launch at end-2006.

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12. Lexus Malaysia has sold 1,000 units

PETALING JAYA: Petronas Chemicals Group Bhd is likely to list at a price earnings multiple of around 15 times earnings, similar to what analysts are expecting in the coming listing of Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), industry …

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4. Petronas Chemicals to list at PE of 15 times, reportedly worth RM6.2bil

FBM KLCI dropped 3.61 points to 1430.66 points at 9.58am.

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11. FBM KLCI closed slightly lower

Kenmark Industrial Co (M) Bhd said that the appointed advisor, Ferrier Hodgson MH Sdn Bhd is still in the midst of formulating the regularisation plan to regularise its financial condition.

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17. Kenmark’s appointed advisor is still working on the regularisation plan

HONG KONG: American International Group Inc (AIG) is leaning towards a new sale of its Taiwan unit, according to one of the original buyers, opening the way for a number of Taiwanese banks which have expressed interest.

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19. AIG considering new sale of Taiwan unit

PETALING JAYA: Measat Global Network Systems Sdn Bhd (MGNS), the vehicle of tycoon T. Ananda Krishnan, has secured 70.85% or 276.26 million of Measat Global Bhd’s shares as of Monday.

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18. MGNS secures 71% of Measat shares