Money

  • Pound rises above US$1.30 on investor rush to cover short positions

    22 hours ago

    Pound rises above US$1.30 on investor rush to cover short positions

    LONDON, Oct 21 — Sterling reached its highest in more than five months at US$1.3011 (RM5.44) today, as more investors rushed to cover short positions on signs that either Prime...

  • Ringgit closes higher against US dollar on positive trade deal talks

    22 hours ago

    Ringgit closes higher against US dollar on positive trade deal talks

    KUALA LUMPUR, Oct 21 — The ringgit ended on a higher note against the US dollar today, benefiting from the general risk-on move mainly driven by the positive news related to the...

  • Kamarulzaman Zainal is new CEO of KTMB

    23 hours ago

    Kamarulzaman Zainal is new CEO of KTMB

    KUALA LUMPUR, Oct 21 — Datuk Kamarulzaman Zainal has been appointed as the new chief executive officer (CEO) of Keretapi Tanah Melayu Berhad (KTMB), effective today....

  • Bursa Malaysia bucks regional trend to end lower

    23 hours ago

    Bursa Malaysia bucks regional trend to end lower

    KUALA LUMPUR, Oct 21 — Bursa Malaysia bucked the regional trend to finish in the red today as investors await for more catalysts for investment direction, says Rakuten Trade Sdn...

  • European shares rise amid Brexit tussle as focus shifts to earnings

    1 day ago

    European shares rise amid Brexit tussle as focus shifts to earnings

    BERLIN, Oct 21 — European shares rose today with investors turning their focus to earnings, while remaining hopeful that Britain would be able to avoid a disorderly exit from...

  • EU revises up German 2018 budget surplus, next year’s easing seen small

    1 day ago

    EU revises up German 2018 budget surplus, next year’s easing seen small

    BRUSSELS, Oct 21 — The European Union’s statistics agency revised up Germany’s budget surplus for 2018, data released today showed, following a trend that could signal...

  • Miti to ensure Malaysia steers clear US sanctions

    1 day ago

    Miti to ensure Malaysia steers clear US sanctions

    KUALA LUMPUR, Oct 21 — The Ministry of International Trade and Industry (MITI) will take the necessary action against any companies, including improper certificate issuers, that...

  • Trade optimism lifts emerging markets, lira weakens with eyes on Syria

    1 day ago

    Trade optimism lifts emerging markets, lira weakens with eyes on Syria

    BEIJING, Oct 21 — Signs of progress in US-China trade talks lifted emerging stocks today and propelled an index of developing world currencies to an 80-day high, while...

  • Sterling slips on Brexit vote delay, dollar claws higher

    1 day ago

    Sterling slips on Brexit vote delay, dollar claws higher

    LONDON, Oct 21 — Sterling fell as much as 0.5 per cent after Britain’s parliament delayed a crucial vote on the government’s new Brexit plan, while the dollar, which is on...

  • Bursa Malaysia bucks regional trend, stays lower at mid-afternoon

    1 day ago

    Bursa Malaysia bucks regional trend, stays lower at mid-afternoon

    KUALA LUMPUR, Oct 21 — Bursa Malaysia bucked the regional trend to stay in negative territory at mid-afternoon on persistent selling in selected heavyweights. A dealer said...

  • Credit Suisse: Rich Chinese outnumber wealthy Americans for first time

    1 day ago

    Credit Suisse: Rich Chinese outnumber wealthy Americans for first time

    ZURICH, Oct 21 — The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit...

  • China’s ‘unicorn’ startups exceed US number for first time

    1 day ago

    China’s ‘unicorn’ startups exceed US number for first time

    BEIJING, Oct 21 — China now has more privately-held start-ups valued by investors at over US$1 billion (RM4.2 billion) than the US, a report said today. There were 206 Chinese...

  • 1 day ago

    OCR to launch RM268m GDV Vertex Kuantan project in 1H20

    KUALA LUMPUR, Oct 21 — Boutique property developer OCR Group Bhd is targeting to launch its second Kuantan project, named Vertex Kuantan, in the first half of 2020. The...

  • Gojek CEO quits to join Indonesian cabinet, replacements named

    1 day ago

    Gojek CEO quits to join Indonesian cabinet, replacements named

    JAKARTA, Oct 21 — Gojek CEO and co-founder Nadiem Makarim said today he had resigned to join Indonesia’s new cabinet, and the ride-hailing and payments company said two senior...

  • Japan’s Uniqlo pulls ad after South Korean fury

    1 day ago

    Japan’s Uniqlo pulls ad after South Korean fury

    SEOUL, Oct 21 — Japanese retail giant Uniqlo has pulled a commercial featuring a 98-year-old US fashion figure from South Korean screens, it said today after it was accused of...

  • Bursa Malaysia stays lower at mid-day

    1 day ago

    Bursa Malaysia stays lower at mid-day

    KUALA LUMPUR, Oct 21 ― Bursa Malaysia continued its downtrend to finish the morning session easier today, mainly dragged by selling in heavyweight counters led by CIMB. A dealer...

  • Research houses maintain ‘neutral’, ‘hold’ calls on Digi

    1 day ago

    Research houses maintain ‘neutral’, ‘hold’ calls on Digi

    KUALA LUMPUR, Oct 21 — Most of the research houses have maintained their “neutral”, or “hold” calls, with unchanged target prices on Digi.com Bhd even after the...

  • Bursa Malaysia turns mixed at mid-morning

    1 day ago

    Bursa Malaysia turns mixed at mid-morning

    KUALA LUMPUR, Oct 21 — Bursa Malaysia turned mixed at mid-morning today as index heavyweights continued to see low following, despite the buying momentum seen in the lower...

  • Wall Street learns the high cost of sexist comments

    1 day ago

    Wall Street learns the high cost of sexist comments

    NEW YORK, Oct 21 — The #MeToo movement recently reached dramatically into the world of high finance, as one prominent Wall Street figure learned after losing the management of...

  • ‘Clear risks’ for stability in China’s Pacific lending

    1 day ago

    ‘Clear risks’ for stability in China’s Pacific lending

    SYDNEY, Oct 21 — China’s financial largesse in the Pacific carries “clear risks” for stability if left unchecked, a Sydney think tank warned, while saying allegations of...

  • Key moments in Draghi’s eventful ECB tenure

    1 day ago

    Key moments in Draghi’s eventful ECB tenure

    FRANKFURT, Oct 21 — Mario Draghi hands over the keys of the European Central Bank to Christine Lagarde on October 31, leaving the former IMF chief an economy struggling to stay...

  • Departing Draghi leaves divided ECB to Lagarde

    1 day ago

    Departing Draghi leaves divided ECB to Lagarde

    FRANKFURT, Oct 21 — Departing European Central Bank president Mario Draghi will leave a conflicting legacy after chairing his final governing council meeting on Thursday,...

  • Bursa Malaysia opens lower on lack of catalysts

    1 day ago

    Bursa Malaysia opens lower on lack of catalysts

    KUALA LUMPUR, Oct 21 — Bursa Malaysia extended last Friday's losses to open lower today on lack of market catalysts. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...

  • Ringgit higher against US dollar in early trading

    1 day ago

    Ringgit higher against US dollar in early trading

    KUALA LUMPUR, Oct 21 — The ringgit was higher against the US dollar in the early trading session, due to better demand for the local note amidst lower US treasury yields....

  • Asian share markets cautious, pound stumbles on Brexit drama

    1 day ago

    Asian share markets cautious, pound stumbles on Brexit drama

    TOKYO, Oct 21 — Asian stocks were steady in a cautious start to the week today, while the British pound fell following a delay to a crucial vote on Britain’s divorce from the...

  • Long-haul, fuel efficient jets underpin demand at Las Vegas air show

    1 day ago

    Long-haul, fuel efficient jets underpin demand at Las Vegas air show

    LAS VEGAS, Oct 21 — New large corporate planes that can fly farther and an industry push toward sustainable aviation fuels are seen as bright spots as the world’s biggest...

  • Pound shrugs off Johnson’s latest Brexit setback

    1 day ago

    Pound shrugs off Johnson’s latest Brexit setback

    WELLINGTON, Oct 21 — Sterling opened to modest losses today following British Prime Minister Boris Johnson’s latest failure to break the Brexit deadlock, with forex markets...

  • Domestic Trade Ministry encourages more grocery shop operators to join I-KeeP initiative

    1 day ago

    Domestic Trade Ministry encourages more grocery shop operators to join I-KeeP initiative

    KUCHING, Oct 20 — The Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) is encouraging more grocery shops in Malaysia to take part in the Consumer Economic Shop...

  • EU’s incoming economy chief calls for less restrictive budget policies

    1 day ago

    EU’s incoming economy chief calls for less restrictive budget policies

    ROME, Oct 20 — The European Union needs looser budgetary policies and an overhaul of its fiscal rulebook, the bloc’s designated economics commissioner said in an article...

  • Aramco says IPO timing depends on ‘market conditions’

    1 day ago

    Aramco says IPO timing depends on ‘market conditions’

    DUBAI, Oct 20 — Saudi Aramco said today the timing of its long-awaited stock market debut “will depend on market conditions,” after the latest delay in the blockbuster...

  • Minister: Target of RM2.5m in sales for DesaMall programme achievable

    1 day ago

    Minister: Target of RM2.5m in sales for DesaMall programme achievable

    PUTRAJAYA, Oct 20 — The Rural Development Ministry (KPLB) is confident that its sales target of RM2.5 million for the [email protected] online sales programme by year-end is...

  • 1 day ago

    Fama to train 1.2 million Malaysian ‘asnaf’ youths to become entrepreneurs

    LUMUT, Oct 20 — The Federal Agricultural Marketing Authority (Fama) is targeting to train 1.2 million new entrepreneurs from ‘asnaf’ (eligible tithe recipient) families...

  • Lufthansa cabin crew union stages all-day strike at smaller airlines

    2 days ago

    Lufthansa cabin crew union stages all-day strike at smaller airlines

    FRANKFURT, Oct 20 — German flight attendants’ union UFO today said it would stage an all-day strike at smaller German divisions of airline group Lufthansa in an escalating row...