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Money
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Global stocks climb on Huawei extension, buoying US Treasuries
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Wall Street ekes out gains as investors await US-China trade clarity
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Russian internet giant Yandex to restructure under pressure
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Global stocks slide as investors puzzle over trade talks
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Airbus beats Boeing with two mega deals at Dubai air show
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Shareholders reap record dividends
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S&P 500, Nasdaq dip on China deal doubts
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Coty to pay US$600m for majority stake in Kylie Jenner cosmetics brand
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Volkswagen lowers sales, profit targets for 2020
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Air Arabia in US$14b deal to buy 120 Airbus A320s
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ECB: Low rates to keep sapping bank profits
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Internal note: ByteDance CEO urges TikTok diversification as US pressure mounts
BEIJING, Nov 18 — The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according to...
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Sterling hits US$1.2960 on election optimism; short positions decline
LONDON, Nov 18 — Sterling rose above US$1.2960 today after Prime Minister Boris Johnson said that all Conservative Party candidates in the upcoming election have pledged to back...
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European stocks stall as auto tariff worries weigh
BERLIN, Nov 18 — A bidding war for stock exchange operator Euronext and gains in defensive stocks propped up European markets today, although doubts on whether or not the United...
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Emirates announces US$16b deal to buy 50 Airbus 350
DUBAI, Nov 18 — Emirates Airline said today it would buy 50 Airbus 350-900 widebody aircraft in a deal worth US$16 billion, with delivery to begin in May 2023. “I am happy to...
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Ringgit ends easier versus US dollar
KUALA LUMPUR, Nov 18 — The ringgit closed easier versus the US dollar today on lack of demand for the local note, said a dealer. At 6pm, the ringgit settled at 4.1540/1570...
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Bursa Malaysia ends at intraday high
KUALA LUMPUR, Nov 18 — Bursa Malaysia rebounded from choppy trading earlier, with the key index closing at its intraday high today, buoyed by buying in selected heavyweights led...
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Bursa Malaysia appoints new independent non-executive director
KUALA LUMPUR, Nov 18 — Bursa Malaysia Bhd (Bursa Malaysia) has appointed Uji Sherina Vijayaletchumi Abdullah as an independent non-executive director to its board of directors,...
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Swiss stock exchange says to bid €2.8b for Spanish BME bourse
ZURICH, Nov 18 — Swiss stock exchange operator SIX said today it planned to bid for Bolsas y Mercados Espanoles (BME) to create Europe’s third biggest operator, just as...
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Euro sees sigh of relief as dollar weakens on US-China trade deal hopes
LONDON, Nov 18 — The euro enjoyed a small respite today, jumping to an 11-day high versus the US dollar, on expectations that Washington and Beijing can soon sign off on a deal...
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Asian markets mixed as dealers eye trade talks, Hong Kong rallies
HONG KONG, Nov 18 — Asian markets were mixed today on broad optimism that China and the United States are close to a mini trade deal, while Hong Kong rallied after last week’s...
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Good with tech? Malaysia-based firm shows where jobs with higher pay will be in 2020
KUALA LUMPUR, Nov 18 — Malaysians with niche skills in technology will have far brighter prospects next year as many sectors are hiring in their push forward with...
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Fitch research unit predicts Malaysia’s economy to grow 4.5pc next year
KUALA LUMPUR, Nov 18 — Malaysia’s economic growth is likely to dip to 4.5 per cent for 2020 due to the prolonged effects of a slow global economy, according to a forecast by...
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Bursa Malaysia slightly better at mid-afternoon
KUALA LUMPUR, Nov 18 — Bursa Malaysia resumed the afternoon session slightly better on buying support in the index-linked counters amid positive market sentiment. At...
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Nearly 20pc of Japan households using e-money but cash still king
TOKYO, Nov 18 — Almost a fifth of Japanese households use electronic money for small purchases, a survey by a central bank-affiliated research institute showed, up from a year...
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Crypto backed by crypto: Dai seeks to change ‘stablecoin’ game
LONDON, Nov 18 — Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset — it’s backed by another cryptocurrency. Stablecoins,...
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Bursa Malaysia ends morning session lower
KUALA LUMPUR, Nov 18 — Bursa Malaysia ended the morning session lower, despite the uptrend seen in regional peers, due to profit-taking especially in index-linked counters....
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Asian airlines slash flights to Hong Kong as unrest escalates
SYDNEY, Nov 18 — Several Asian airlines have cut flights to Hong Kong over the coming weeks, according to industry scheduling publication Routes Online, as anti-government...
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Sources: US expected to grant Huawei 90-day licence extension today
WASHINGTON, Nov 18 — The Trump administration is set to issue a 90-day extension of a licence today allowing US companies to continue doing business with China’s Huawei...
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Asia shares tick higher as China cuts repo rate
SYDNEY, Nov 18 — Asian shares blipped higher today after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that more...