Money

  • Nestle Malaysia chalks up higher Q1 profit of RM235m

    20 hours ago

    Nestle Malaysia chalks up higher Q1 profit of RM235m

    KUALA LUMPUR, April 23 — Nestle (Malaysia) Bhd recorded a higher net profit of RM235 million for the first quarter (Q1) ended March 31, 2019, compared with RM231 million in the...

  • China wins Belt and Road fans but criticism persists

    21 hours ago

    China wins Belt and Road fans but criticism persists

    BEIJING, April 23 — President Xi Jinping will lead a hard sales push at a Beijing summit this week, to corral more countries into a global infrastructure project at the core of...

  • Japan's 10-day break to fete new emperor may breathe life into economy

    21 hours ago

    Japan's 10-day break to fete new emperor may breathe life into economy

    TOKYO, April 23 — Japan's unprecedented 10-day holiday to celebrate Crown Prince Naruhito's enthronement is expected to give the sluggish economy at least a short-term boost....

  • 5G technology to give major impact to economy, says Gobind

    23 hours ago

    5G technology to give major impact to economy, says Gobind

    KUALA LUMPUR, April 23 — Communications and Multimedia Minister Gobind Singh Deo said the application of the fifth generation technology or better known as 5G will give a major...

  • Luckin Coffee, Starbucks rival in China, files for US IPO

    20 hours ago

    Luckin Coffee, Starbucks rival in China, files for US IPO

    BEIJING, April 23 — China's homegrown coffee chain Luckin Coffee has filed to list publicly in the US as the loss-making company battles to dethrone Starbucks in its home...

  • India to get extra oil from major producers to make up for Iran oil loss, says minister

    19 hours ago

    India to get extra oil from major producers to make up for Iran oil loss, says minister

    NEW DELHI, April 23 — India will get additional supplies from other major oil producing countries to compensate for the loss of Iranian oil, India's Petroleum and Natural Gas...

  • Bursa firmer at mid-day

    21 hours ago

    Bursa firmer at mid-day

    KUALA LUMPUR, April 23 — Bursa Malaysia was firmer at mid-day today, lifted by buying interest in selected heavyweight stocks, namely Malaysia Airports and Tenaga, dealers said....

  • Malaysian small businesses big on growth, says CPA Australia

    23 hours ago

    Malaysian small businesses big on growth, says CPA Australia

    KUALA LUMPUR, April 23 — Malaysia's small business sector in 2018 experienced positive business conditions, as confidence in business and economic growth marks its highest point...

  • Oil price rise pushes up euro zone debt yields

    19 hours ago

    Oil price rise pushes up euro zone debt yields

    LONDON, April 23 — Government bond yields in the euro area nudged up today, as oil prices rose to their highest levels this year and the European Central Bank's Benoit Coeure...

  • Sarawak-China trade at RM18.91b last year

    22 hours ago

    Sarawak-China trade at RM18.91b last year

    KUCHING, April 23 — Trade between Sarawak and China rose by 16.8 per cent to RM18.91 billion last year with exports from the state recording RM12.07 billion and imports at RM6.8...

  • Bursa Malaysia marginally higher at mid-morning

    23 hours ago

    Bursa Malaysia marginally higher at mid-morning

    KUALA LUMPUR, April 23 — Bursa Malaysia was marginally higher today supported by mild buying interest in banking and energy stocks, dealers said. At 11.01am, the benchmark FTSE...

  • Ekovest, IWCity slip on non-involvement statement in Bandar Malaysia

    23 hours ago

    Ekovest, IWCity slip on non-involvement statement in Bandar Malaysia

    KUALA LUMPUR, April 23 — Ekovest Bhd and Iskandar Waterfront City Bhd (IWCity) shares, the most actively-traded stocks this morning, fell following clarification statements...

  • Japan expects limited impact from US move to scrap Iran oil sanction waivers

    1 day ago

    Japan expects limited impact from US move to scrap Iran oil sanction waivers

    TOKYO, April 23 — Japan expects a limited impact from the US decision not to renew waivers it had previously granted on Iran oil import sanctions, trade and industry minister...

  • Ringgit marginally lower in early trade

    1 day ago

    Ringgit marginally lower in early trade

    KUALA LUMPUR, April 23 — The ringgit traded marginally lower against the US dollar in early trade today on lack of demand. At 9.05am, the local unit traded at 4.1310/1360...

  • Bursa opens higher on strong oil prices

    1 day ago

    Bursa opens higher on strong oil prices

    KUALA LUMPUR, April 23 — Bursa Malaysia opened higher today in tracking the better overnight performance of Wall Street and firmer oil prices, dealers said. At 9.10am, the...

  • Asian shares steady after Easter weekend, oil hits 2019 highs

    1 day ago

    Asian shares steady after Easter weekend, oil hits 2019 highs

    TOKYO, April 23 — Asian shares were little changed today, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing...

  • Boeing seeks to exit crisis mode as it reports results

    1 day ago

    Boeing seeks to exit crisis mode as it reports results

    NEW YORK, April 23 — Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to...

  • Iran says ready for US oil waivers end, as Guards threaten to shut Hormuz

    1 day ago

    Iran says ready for US oil waivers end, as Guards threaten to shut Hormuz

    DUBAI, April 23 — Tehran is prepared for a US decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said yesterday, as the Revolutionary...

  • RBS tops up small business support fund, downplays Brexit effect

    1 day ago

    RBS tops up small business support fund, downplays Brexit effect

    LONDON, April 23 — British state-controlled lender the Royal Bank of Scotland has doubled its funding pot to support small businesses to £6 billion (RM32.2 billion), but says...

  • US home sales tumble as supply constraints linger

    1 day ago

    US home sales tumble as supply constraints linger

    WASHINGTON, April 23 — US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be...

  • Cain withdraws from Fed consideration, citing lower pay, influence

    1 day ago

    Cain withdraws from Fed consideration, citing lower pay, influence

    WASHINGTON, April 23 — Herman Cain, facing resistance from his own political party as US President Donald Trump's pick to fill a seat on the Federal Reserve Board, withdrew...

  • Model S fire video adds to Tesla woes pre-results

    1 day ago

    Model S fire video adds to Tesla woes pre-results

    SHANGHAI, April 23 — Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 per cent yesterday, as it...

  • US dollar slips in holiday-thinned trade as loonie, ruble ride oil gains

    1 day ago

    US dollar slips in holiday-thinned trade as loonie, ruble ride oil gains

    NEW YORK, April 22 — The US dollar edged lower against a basket of currencies in thin holiday-impacted trading yesterday, while a jump in the price of oil on news Washington...

  • Wall Street near flat in quiet session ahead of earnings wave

    1 day ago

    Wall Street near flat in quiet session ahead of earnings wave

    NEW YORK, April 23 — US stocks ended a low-volume trading session little changed yesterday, with the biggest gains in the energy sector as investors otherwise stayed on the...

  • Riyadh to ‘stabilise’ oil market after US move to end Iran waivers, says minister

    1 day ago

    Riyadh to ‘stabilise’ oil market after US move to end Iran waivers, says minister

    RIYADH, April 22 — Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia’s Energy...

  • Trump says Opec can step up output after Iran waivers

    1 day ago

    Trump says Opec can step up output after Iran waivers

    WASHINGTON, April 22 — US President Donald Trump said today that Saudi Arabia and other Opec nations could “more than make up” for any drop in Iranian oil supplies to global...

  • AirAsia keen to buy digital platforms to boost digital business

    1 day ago

    AirAsia keen to buy digital platforms to boost digital business

    SEPANG, April 22 — AirAsia Group Bhd is keen to acquire digital platforms abroad to boost its digital business segment. AirAsia Group chief executive officer Tan Sri Tony...

  • Oil prices gain as US ends waivers for Iranian crude

    1 day ago

    Oil prices gain as US ends waivers for Iranian crude

    NEW YORK, April 22 — Oil prices gained today as the Trump administration ended waivers for countries that had been importing Iranian crude in spite of US sanctions. Near 1250...

  • Futures pull back ahead of earnings; oil stocks jump

    1 day ago

    Futures pull back ahead of earnings; oil stocks jump

    NEW YORK, April 22 — US stock index futures dipped today as investors returned from their Easter break and took a cautious stance at the beginning of what is expected to be the...

  • Ringgit unchanged against US dollar

    1 day ago

    Ringgit unchanged against US dollar

    KUALA LUMPUR, April 22 — The ringgit was unchanged against the US dollar at today’s close on lack of demand for the local note, amid weaker Asian currencies after the Easter...