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Money
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Ringgit continues slide against US dollar amid cautious sentiment
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Chinese ride-hailing giant Didi to de-list from New York exchange
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Grab slumps in US debut after record SPAC deal
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IMF says chief economist Gopinath to replace Okamoto as No. 2 official
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US FTC sues to block Nvidia deal to buy Arm
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‘Game changer’: Laos opens Chinese-built railway line
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IMF: Poor nations could face ‘economic collapse’ unless G20 extends debt relief
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Wall Street ends higher in robust rebound from Omicron-driven sell-off
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Brexit not a factor in US-UK trade deal delay, says US official
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S&P 500, Dow eye higher open after Omicron-led selloff
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US labour market tightening; layoffs near three-decade lows
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CEO: Bank Islam will continue to explore opportunities with PTPTN
KUALA LUMPUR, Dec 2 — Bank Islam Malaysia Bhd (BIMB) will continue to explore various potential collaborations with the National Higher Education Fund Corporation (PTPTN) for...
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IATA: Air travel recovery continues in October but travel bans could derail it
KUALA LUMPUR, Dec 2 — The recovery in air travel continued in October 2021 with broad-based improvements in both domestic and international markets, but the imposition of travel...
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EU countries struggle to find joint response to energy price spike
BRUSSELS, Dec 2 — Some European Union countries including France and Spain stepped up calls to reform the bloc’s energy market rules to cope with high prices, a stance...
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Asia’s informal workers risk losing out in green economy push, officials warn
KUALA LUMPUR, Dec 2 — Asia’s huge pool of informal workers must not be left behind in the global push for greener economies, officials and experts said, warning of social...
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Facebook could be sued by consumer groups, EU court adviser says
BRUSSELS, Dec 2 — Facebook could be sued by consumer groups for privacy violations, an adviser to Europe’s top court said today, in a German online gaming case that could pave...
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Sterling drifts higher as dollar under pressure; BoE eyed
LONDON, Dec 2 — Sterling firmed today as the discovery of the first case of the Omicron variant in the United States weighed on the dollar overnight, but trading was choppy amid...
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Ringgit extends losses to end lower against US dollar
KUALA LUMPUR, Dec 2 — The ringgit extended its losses yesterday to close lower against the US dollar today as investors turned to the safe haven currency following concerns over...
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Matrade: Virtual Export Acceleration Mission generates RM1.03m sales, potential sales of RM87.67m
KUALA LUMPUR, Dec 2 — Virtual Export Acceleration Mission (EAM) has generated actual sales of RM1.03 million and potential sales of RM87.67 million, with a total of 264 business...
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Bursa Malaysia ends at intraday high on bargain hunting
KUALA LUMPUR, Dec 2 — The FBM KLCI ended the week on a higher note due to some bargain hunting towards the late trading session ahead of the long weekend, said analysts. At 5pm,...
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AirAsia revises dates related to rights issue due to FT public holiday
KUALA LUMPUR, Dec 2 — AirAsia Group Bhd has revised several important dates for its rights issue of RM978.51 million redeemable convertible unsecured Islamic debt securities...
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Proton sales in Nov up 24.3pc, surpass 100,000 sales barrier for the third consecutive year
KUALA LUMPUR, Dec 2 — Proton sales in November improved 24.3 per cent year-on-year to 14,187 units, raising the national carmaker’s year-to-date sales to 100,566 units, which...
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FAO: World food prices climb in November, stay at 10-year peak
ROME, Dec 2 — World food prices rose for a fourth straight month in November to remain at 10-year highs, led by strong demand for wheat and dairy products, the UN food agency...
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Hong Kong quarantine pushes Cathay pilots to ‘breaking point’
HONG KONG, Dec 2 — Cathay Pacific has been hit by a wave of pilot resignations in recent weeks as resentment over Hong Kong’s strict quarantine regime boils over and crew...
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Asian stocks mixed with traders sensitive to Omicron headlines
HONG KONG, Dec 2 — Asian markets were mixed today and oil edged up with traders trying to claw back Omicron-induced losses but still full of uncertainty after Wall Street...
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European stocks slide at open on US Omicron case
LONDON, Dec 2 — European stock markets sank in opening deals today following the first Omicron coronavirus case in the United States. Sentiment was also hampered by expectations...
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Sunway Carnival Mall to double retail space, 95pc confirmed occupancy so far
KUALA LUMPUR, Dec 2 — Sunway Malls’ RM500 million expansion exercise is expected to see Sunway Carnival Mall doubling its retail space to one million square feet (sq ft) from...
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Oil producers to increase output in January despite Omicron jitters
LONDON, Dec 2 — Major oil producers decided today to raise output levels in January, despite the Omicron coronavirus variant raising fresh questions over demand. The Opec+...
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China’s Kaisa struggles for relief from bond holders as default risk looms
HONG KONG, Dec 2 — Chinese developer Kaisa Group Holdings Ltd is unlikely to win bondholders’ approval to extend the maturity of a US$400 million (RM1.7 billion) bond due next...
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Payments firm Square gets new corporate name: Block
SAN FRANCISCO, Dec 2 — Digital payments firm Square, which was co-founded and is still led by former Twitter chief Jack Dorsey, on Wednesday changed its corporate name to Block...