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Money
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UK trade fair industry warns 30,000 jobs at risk as events yet to resume
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Dollar decline continues as investors parse economic data, earnings
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IMF predicts worst Mideast downturn in half century due to Covid-19, low oil prices
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Top Glove now third largest stock on Bursa Malaysia
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Analog Devices to acquire Maxim Integrated, form US$68b firm, says statement
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Global markets rise before US earnings season
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Britain set to ban Huawei from 5G, though timescale unclear
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Ringgit higher against US dollar at close
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Russia to push back deadline for US$360b spending on national projects to 2030 over Covid-19
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Bursa Malaysia ends at six-month high, Top Glove and Hartalega lead
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Moody’s: Economic, credit condition weighing on asset quality and profitability of Asean, Indian banks
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Sterling eyes 200-day moving average at US$1.27 as risk sentiment improves
LONDON, July 13 — Sterling/dollar rose today towards its 200-day moving average of US$1.27 (RM5.42), though it was last trading neutral at US$1.2619. Against the euro, the pound...
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Global super-rich call for wealthy to face Covid-19 tax
LONDON, July 13 — More than 80 millionaires today urged governments around the world to tax the super-wealthy much more to help fund the global recovery from the coronavirus...
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Asian markets rise on fresh vaccine hopes, eyes on earnings
HONG KONG, July 13 — Asian markets rose today, recovering some of the losses at the end of last week, as investors followed a strong performance on Wall Street fuelled by hopes...
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Knight Frank: Favourable outlook for industrial properties post-MCO
KUALA LUMPUR, July 13 — The outlook for Malaysia’s industrial property market is looking favourable as it is expected to see more enquiries, especially from manufacturers,...
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Pause, reflect: Five questions for the ECB
LONDON, July 13 — For the first time in months, the European Central Bank has reason to break from crisis-fighting mode — economic activity is picking up after the Covid-19...
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MIDF Research: Foreign investors disposed of RM16.9b in local equities this year
KUALA LUMPUR, July 13 — Foreign investors have sold RM16.9 billion net of equities on Bursa Malaysia, year-to-date, MIDF Research said. However, compared with six other Asian...
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BT warns UK: Do not go too fast on banning Huawei
LONDON, July 13 — BT CEO Philip Jansen today urged the British government not to move too fast to ban China's Huawei from the 5G network, cautioning that if it did there could...
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Bursa continues uptrend, hovers near 1,600 level
KUALA LUMPUR, July 13 — Bursa Malaysia climbed higher today on optimism over Covid-19 recovery after Gilead Sciences reported some positive developments on clinical trial data....
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US dollar starts week on back foot ahead of data, earnings
TOKYO, July 13 — The US dollar started the week with a soft tone today as investors looked to looming economic data from around the world and US corporate earnings to gauge...
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Asian shares firm, hope for best from US earnings
SYDNEY, July 13 — Asian shares got off to a firm start today as investors wagered US earnings season would see most companies beat forecasts given expectations had been lowered...
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Covid-19 bringing record US$1t of new global corporate debt in 2020, says report
LONDON, July 13 — Companies around the world will take on as much as US$1 trillion (RM4.26 trillion) of new debt in 2020, as they try to shore up their finances against the...
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Business, labour groups urge G20 to extend, expand debt freeze for poorer countries
WASHINGTON, July 13 — The International Chamber of Commerce, a global trade union and civil society groups urged the Group of 20 major economies to extend and expand a freeze in...
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WeWork says back on track to profits, reports FT
NEW YORK, July 13 — Troubled office-sharing start-up WeWork is set to have a positive cash flow by next year, its executive chairman told the Financial Times yesterday, hailing...
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'Let's get going': UK tells businesses to prepare for Brexit crunch
LONDON, July 13 — Britain is urging businesses and individuals to prepare for the December 31 end of the Brexit transition period with an information campaign titled: “The...
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Libya's NOC accuses UAE of being behind oil blockade
TUNIS, July 13 — Libya's National Oil Corp (NOC) yesterday accused the United Arab Emirates of instructing eastern forces in Libya's civil war to reimpose a blockade of oil...
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Netanyahu vows relief as Israelis fume over virus-battered economy
JERUSALEM, July 13 — Prime Minister Benjamin Netanyahu yesterday pledged immediate financial aid to Israelis whose livelihoods have been devastated by the coronavirus, as his...
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MultiPlan merges with Churchill Capital to go public in US$11b deal
NEW YORK, July 13 — Churchill Capital Corp III, a special purpose acquisition company (Spac), and MultiPlan Inc said they have reached a definitive agreement to merge in a deal...
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Qatar’s top bank Q2 profit slides over Covid-19
DOHA, July 12 — Qatar National Bank, the largest lender in the Middle East, said today its net profits for the second quarter sank over the impact of the coronavirus pandemic....
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Abu Dhabi fund suspends debt service repayments for countries, companies
DUBAI, July 12 — Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said today. The fund...