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Money
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Muhyiddin: Microsoft, Amazon and Google keen to develop Malaysia into regional IT hub
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Maybank IB sees good prospects in 2021 for mid-cap financial/banking, glove, healthcare, oil and gas, tech stocks
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June 2020 trade up 2.2pc as movement restrictions gradually lift, says Miti
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China ramps up US oil purchases ahead of trade deal review, say sources
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In lawsuit, ‘Fortnite’ maker to test idea of iPhone as market unto itself
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Trump orders ByteDance to divest interest in US TikTok operations within 90 days
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Ringgit likely to trade between 4.16-4.23 against US dollar next week
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Bursa Malaysia to stay in consolidation mode next week
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Facebook bashes Apple for refusing to waive commission fees, seizing on backlash
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Biden victory? Disputed election? Wall Street prices in November outcomes
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S&P 500 ends almost flat as record remains elusive
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More News
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US-China trade deal review postponed as China ramps up farm, energy purchases
WASHINGTON, Aug 15 — The United States and China have delayed a review of their Phase 1 trade deal initially slated for today, sources familiar with the plans told Reuters,...
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US retail sales rise modest 1.2pc in July, says govt
WASHINGTON, Aug 14 — US retail sales increased 1.2 per cent compared to June, a more modest increase than economists had been expecting, held down by a decline in auto sales,...
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UK stocks slide as quarantine rules hit travel stocks, data disappoints
LONDON, Aug 15 — London-listed shares fell yesterday as travel stocks tumbled after Britain imposed new quarantine measures on travellers from France and other countries, while...
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Federal Reserve: US industrial output up three per cent in July
WASHINGTON, Aug 14 — Total US industrial production rose 3.0 per cent in July, the third monthly increase but a slower gain than in June, the Federal Reserve said today. The...
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Dow, S&P 500 dip on mixed retail sales data
NEW YORK, Aug 14 — Wall Street stocks were mostly lower early today as investors digested mixed retail sales data ahead of US-China trade talks this weekend. About 15 minutes...
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Chinese firms hit by new import hurdles in India, say sources
NEW DELHI, Aug 14 — Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, five industry sources told Reuters, as...
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India imports 387,817 tonnes palm oil from Malaysia in July
NEW DELHI, Aug 14 — India bought 387,817 tonnes of palm oil from Malaysia in July as the country’s edible oil imports improved. Its monthly import volumes grew to 1.51 million...
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Pandemic helps Angry Birds maker’s profits take wing
HELSINKI, Aug 14 — Finland’s Rovio reported today that quarterly game revenue climbed to a record €66.9 million (RM332 million) as people stuck in coronavirus lockdowns...
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MDEC urges SMEs to register with Digital Xccelerator platform
KUALA LUMPUR, Aug 14 — The Malaysia Digital Economy Corporation (MDEC) has urged Malaysian small-and medium-sized enterprises (SMEs) to accelerate and scale up their digital...
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MIDF research lowers Malaysia’s 2020 GDP but brighter outlook ahead
KUALA LUMPUR, Aug 14 — MIDF Research has revised downwards Malaysia’s gross domestic product (GDP) forecast to -4.8 per cent year-on-year in 2020 from its projection of -2.1...
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Covid-19 hits Carlsberg Malaysia hard as revenue drops 23.1pc, net profit down 45.3pc in 1H 2020
SHAH ALAM, 14 Aug — Carlsberg Brewery Malaysia Berhad (the Group) reported a substantial decline in both revenue and net profit for the period ended June 30, 2020 (1HFY20) that...
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Q2 GDP contraction pulls ringgit lower against US dollar
KUALA LUMPUR, Aug 14 — The ringgit closed lower against the US dollar today after revisiting its recent high yesterday due to the steep contraction in the country’s...
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German vaccine maker CureVac readies for Nasdaq debut
FRANKFURT, Aug 14 — German biotech company CureVac, whose development of a coronavirus vaccine reportedly drew interest from US President Donald Trump, is set to make its Nasdaq...
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Indonesia president urges economic ‘reboot’, boost to health care
JAKARTA, Aug 14 — Indonesia must use the coronavirus pandemic to reboot South-east Asia’s biggest economy, President Joko Widodo said today, as he proposed a US$187 billion...
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Malaysia’s GDP likely to remain in contraction in Q3 2020, says RHB Investment Bank
KUALA LUMPUR, Aug 14 — While the worst is over for Malaysia considering the restrictions have eased, gross domestic product (GDP) growth will still likely remain in contraction...
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Bursa Malaysia ends lower
KUALA LUMPUR, Aug 14 — Bursa Malaysia ended the week lower today on continued selling pressure across the board as investors digested Malaysia’s second quarter gross domestic...
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US, China to discuss trade deal amid Covid-19 disruption
WASHINGTON, Aug 14 — Negotiators from the United States and China will tomorrow discuss the “phase one” trade deal signed earlier this year — before the coronavirus...
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Malaysia’s 17.1pc GDP contraction in Q2, the worst so far in Asean
KUALA LUMPUR, Aug 14 — The massive 17.1 per cent gross domestic product (GDP) contraction in the second quarter (Q2) 2020 has so far made Malaysia the worst-performing economy...
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Bank Negara: Gradual improvement to drive economy further in 2021
KUALA LUMPUR, Aug 14 ― Key economic indicators have shown a gradual recovery driven by the recovery in global growth as well as continued domestic support, which will edge up...