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The Star Online: Business
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Update: Sunday, May 20, 2012 MYT 5:12:59 PM
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Birth of new Greek drachma would be pained, rushed
WASHINGTON(Reuters) - If or when policymakers finally decide Greece should leave the euro, the exit could happen so quickly that "new drachma" currency notes might not be printed in time.

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Far East buyers beware in London property rush
LONDON(Reuters): When Hong Kong businessman Mr. He paid a 35,000 pound ($56,000) deposit on a four-bedroom apartment in Britain, he believed it was a 40-minute walk from central London, his lawyer says. In fact it was a 40-minute journey by high-speed train.

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Samsung's mobile chief says has options to settle war with Apple
SEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc.

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Obama warns of euro zone threat, welcomes growth focus
CAMP DAVID, Maryland (Reuters):President Barack Obama, wrapping up the G8 summit he hosted at Camp David, welcomed Europe's focus on rekindling growth and warned the crisis in the euro zone was dangerous for the world.

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Murdoch denies planning to spin off UK newspapers
LONDON (Reuters): Rupert Murdoch has denied reports that News Corp is considering spinning off its British newspapers to protect the rest of his media empire from a phone hacking scandal.

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Europe's economic woes dominate G8 gathering
CAMP DAVID, Maryland (Reuters): U.S. President Barack Obama will press European leaders to ease up on fiscal austerity and focus on economic growth at a summit on Saturday that will discuss ways to stem turmoil in the euro zone and head off the risk of global contagion.

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Eye on Stock
Sime Darby Bhd

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Support seen at 1,500 points
MARKET TREND - By K.M. LEE

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