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Money
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US manufacturing gets boost from autos in June; total output flat
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Goldman Sachs reports dip in Q2 profits
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Gamuda Land, Maxis form partnership to deliver 5G for Gamuda Cove
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Malaysia, Indonesia to challenge EU’s biofuel regulation at WTO
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JPMorgan Chase reports higher profits, upbeat on US economy
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Ringgit closes lower against greenback
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US Senate to grill Facebook over plans for Libra cryptocurrency
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Bursa Malaysia ends easier on sector rotational play
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Renault sales fall in weakening auto market
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Hong Kong retailers forecast sharp drop in sales as protests rock city
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Sterling plunges to six-month low as no-deal Brexit worries build
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US property trust Vornado challenges Arcadia’s restructuring plan
LONDON, July 16 — Philip Green’s fashion empire Arcadia Group said today it received applications from legal entities of US-based property group Vornado challenging two of its...
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China says Trump ‘misleading’ people linking trade deal, slowing economy
BEIJING, July 16 — China today rebuffed a suggestion from US President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing,...
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FTSE 100 led higher by Burberry; profit alert hits A.G.Barr
LONDON, July 16 — London’s main stock index gained today, helped by a surge in Burberry after its first-quarter update showed new designs were boosting sales. Weaker sterling...
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Hong Kong stocks finish with gains
HONG KONG, July 16 — Hong Kong stocks ended higher today in quiet trade as investors took a step back after recent gains, while looking ahead to the start of corporate earnings...
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IMF: Singapore’s financial sector oversight ‘among the best globally’
SINGAPORE, July 16 — Singapore’s financial sector oversight is “among the best globally” and its financial system can withstand even a large-scale global financial market...
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Bursa Malaysia remains lower at mid-afternoon
KUALA LUMPUR, July 16 — Share prices on Bursa Malaysia continued their downtrend in mid-afternoon trade, weighed down by selling in finance and telco counters as well as lack of...
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Ryanair closing bases due to Boeing 737 MAX crisis
LONDON, July 16 — Ryanair said today it will close some of its bases because of problems with Boeing’s crisis-hit 737 MAX jet, which has been grounded after two fatal...
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Bursa Malaysia falls 0.31pc at mid-day
KUALA LUMPUR, July 16 — The benchmark index lost 0.31 per cent on subdued investors’ appetite as participants await developments on the US-China trade negotiations. At...
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Tokyo shares close lower after long weekend
TOKYO, July 16 — Tokyo shares closed lower today following a three-day weekend, as concerns over a strong yen erased buying sentiment backed by fresh records on Wall Street. The...
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AirAsia’s space utilisation set to soar following new partnership with Gobi Partners, EasyParcel
KUALA LUMPUR, July 16 — Low-cost carrier, AirAsia Group, aims to maximise its under utilised asset cargo and logistics business, looking at an immediate five per cent increment...
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US Treasury’s Mnuchin says deal to raise US debt ceiling getting close
WASHINGTON, July 16 — US Treasury Secretary Steven Mnuchin said yesterday the Trump administration and Congress were getting close to a deal on raising the US debt ceiling and...
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Berjaya Land shares flat despite Icelandair Hotels share acquisition
KUALA LUMPUR, July 16 — Berjaya Land Bhd’s share price was flat this morning at 18 sen per share despite its plan to acquire a majority share in Icelandair Hotels ehf and...
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Telcos drag Bursa Malaysia to trade lower at mid-morning
KUALA LUMPUR, July 16 — Bursa Malaysia weakened further at mid-morning, dragged down by selling in telco counters. Digi lost five sen to RM5.0, Maxis fell four sen to RM5.64 and...
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Amazon workers strike as ‘Prime’ shopping frenzy hits
SAN FRANCISCO, July 16 — Amazon workers walked out of a main distribution centre in Minnesota yesterday, protesting for improved working conditions during the e-commerce...
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Asian shares tick up, US data, earnings in focus ahead of Fed
SHANGHAI, July 16 — Asian shares inched up today as traders awaited US retail sales data and more corporate earnings to gauge the health of the world’s biggest economy, with...
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US judge slashes Roundup jury award to US$25.3m; Bayer still plans to appeal
SAN FRANCISCO, July 16 — A federal judge yesterday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to US$25.27 million...
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Bursa Malaysia opens marginally lower
KUALA LUMPUR, July 16 — Shares on Bursa Malaysia kickstart today’s trading marginally lower after closing at day’s high yesterday, with market projects the local bourse to...
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Ringgit opens slightly lower against US dollar
KUALA LUMPUR, July 16 — The ringgit opened slightly lower against the US dollar this morning on concerns over slowing global growth and weaker oil prices. At 9.02am, the local...
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Sterling struggles on Brexit worries, weighs on euro
TOKYO, July 16 — The pound struggled near a six-month low against the dollar today hampered by persistent worries over Brexit that, in turn, weighed on the euro. The dollar...