Summary : The Star October 28, 2014

• China economy to grow 7.4% in 2014, 7% in 2015
  October 24, 2014 12:28:00 pm
  BEIJING: China's economy is likely to grow by 7.4 % this year, slightly below the government's target, and expand 7% in 2015, a senior government economist said on Friday....
• Sona Petroleum borrowing US$140m for Salamander purchase
  October 28, 2014 08:07:00 pm
  KUALA LUMPUR: Sona Petroleum Bhd is borrowing US$140mil to part finance its proposed purchase of a stake in UK-listed Salamander Energy plc....
• Globetronics Q3 earnings up 16.5%, declares 11 sen dividend
  October 28, 2014 07:22:00 pm
  KUALA LUMPUR: Globetronics Technology Bhd’s earnings in the third quarter ended Sept 30, 2014 rose 16.5% to RM17.7mil from RM15.2mil on the back of improved revenue, which rose 14.3% to RM91mil from RM79.7mil....
• Japan's SoftBank kicks off US$10bil India online spree, buys stake in Snapdeal
  October 28, 2014 06:44:00 pm
  Japanese telecom and media group SoftBank Corp has set its sights on Indian e-commerce in its aggressive expansion drive, saying it will invest about US$10bil (RM32.74bil) in the booming sector as it took a strategic stake in one of its rising stars....
• Jho Low’s Jynwel Capital, Abu Dhabi’s Cespa eye Salamander Energy (Update1)
  October 28, 2014 05:38:00 pm
  KUALA LUMPUR: Salamander Energy plc has confirmed it has received a takeover proposal from a consortium led by Compañía Española de Petróleos (CEPSA) and Jho Low’s Jynwel Capital. ...
• Honda H1 net profit up 19%, but cuts annual outlook
  October 28, 2014 05:37:00 pm
  TOKYO: Honda on Tuesday said its six-month net profit jumped almost 19%, but the Japanese automaker, dented by a series of recalls, cut its earnings outlook for the full fiscal year....
• LG Elec exit suggests end is near for plasma TVs
  October 28, 2014 05:29:00 pm
  South Korea's LG Electronics Inc said it will wind down its plasma television business by end-November, as a technology long overtaken by liquid crystal display takes one step closer to its demise....
• Protasco’s Tey files suit to recover RM10m from 6 persons
  October 28, 2014 03:31:00 pm
  KUALA LUMPUR: Protasco Bhd non-executive director Tey Por Yee has filed a derivative action against six board members of RS Maha Niaga Sdn Bhd – some of whom are Protasco’s senior management....
• Alibaba's Jack Ma tops China rich list: Forbes
  October 28, 2014 03:13:00 pm
  SHANGHAI: Jack Ma, founder of e-commerce giant Alibaba, is China's richest person with a fortune of nearly US$20bil, as billionaires increase despite a slowdown in the country's economy, Forbes magazine said Tuesday....
• Iris subsidiary ups Palau Peleiu Resorts stake
  October 28, 2014 02:49:00 pm
  KUALA LUMPUR: Iris Corporation Bhd’s subsidiary Iris Land Sdn Bhd is raising its stake in Palau Peleiu Resorts Ltd (PPRL) to 80% to have greater control and supervision over the projects to be carried out in Palau near the Micronesia islands. ...