KUALA LUMPUR - MALAYSIA'S top ethnic Chinese political party failed on Thursday to resolve a leadership crisis that is hampering the ruling coalition's efforts to claw back support from the minority community.
The Malaysian Chinese Association (MCA), a member of the ruling Barisan Nasional (BN) coalition, has been gripped by a power struggle between its president Ong Tee Keat and a rival who was suspended over a sex tape scandal.
NEW YORK - WALL Street investment giant Goldman Sachs flew past forecasts Thursday, posting a profit of US$3.19 billion (S$4.44 billion) in the third quarter.
The profit was more than triple the amounted from a year earlier and translated to US$5.25 per share, well ahead of analyst estimates of US$4.24 per share.
HONG KONG - ASIAN shares rose to 14-month highs on Thursday after upbeat US retail sales and earnings reports prompted a shift to riskier assets, pushing the US dollar to a 14-month low and prompting Asian governments to step in to curb currency strength.
European stocks rose about half per cent in early trade, while the euro earlier hit an 14-month high of US$1.4961 (S$2.080) as the US dollar slid further against a basket of currencies amid rising risk appetite.
OSLO - THREE of the five members of the Norwegian Nobel Committee had objections to the Nobel Peace Prize being awarded to US President Barack Obama, the Norwegian tabloid Verdens Gang (VG) reported on Thursday.
'VG has spoken to a number of sources who confirmed the impression that a majority of the Nobel committee, at first, had not decided to give the peace prize to Barack Obama,' the newspaper said.
