Money

  • Google violated US labour laws in clampdown on worker organising, says regulator

    1 day ago

    Google violated US labour laws in clampdown on worker organising, says regulator

    OAKLAND, Dec 3 — The National Labour Relations Board issued a complaint on Wednesday accusing Alphabet Inc’s Google of unlawfully monitoring and questioning several workers...

  • Bursa rebounds mildly in early trade

    1 day ago

    Bursa rebounds mildly in early trade

    KUALA LUMPUR, Dec 3 — Bursa Malaysia managed to rebound mildly at Thursday's opening from yesterday's marginal weakness, amid improvements in oil prices and fresh...

  • Ringgit opens marginally firmer amid improved oil prices

    1 day ago

    Ringgit opens marginally firmer amid improved oil prices

    KUALA LUMPUR, Dec 3 — The ringgit continued yesterday’s gains to open marginally firmer against the US dollar today amidst improved crude oil prices. At 9.01am, the local...

  • US bans cotton imports from China producer XPCC citing Xinjiang ‘slave labour’

    1 day ago

    US bans cotton imports from China producer XPCC citing Xinjiang ‘slave labour’

    WASHINGTON, Dec 3 — The Trump administration expanded economic pressure on China’s western region of Xinjiang on Wednesday, banning cotton imports from a powerful Chinese...

  • US Congress passes bill that could delist Chinese stocks from US markets

    1 day ago

    US Congress passes bill that could delist Chinese stocks from US markets

    WASHINGTON, Dec 3 — The US House of Representatives passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on US exchanges unless...

  • 1 day ago

    Mida, KOSME, Korea Desk promotes business partnerships between Malaysia, Korea

    KUALA LUMPUR, Dec 3 — The Malaysian Investment Development Authority (MIDA), Korean small and medium enterprises and startups agency (KOSME) and the Korea Desk had successfully...

  • Wall Street mixed as vaccine hopes collide with poor jobs data

    1 day ago

    Wall Street mixed as vaccine hopes collide with poor jobs data

    WASHINGTON, Dec 3 — Wall Street stocks were mixed on Wednesday, with the Nasdaq dipping and S&P 500 index climbing as investors weighed upbeat vaccine developments and a...

  • Biden set to revamp US trade tactics — but not policy

    1 day ago

    Biden set to revamp US trade tactics — but not policy

    WASHINGTON, Dec 3 — President-elect Joe Biden undoubtedly has plans to roll back many of President Donald Trump’s policies when he takes charge of the White House next month,...

  • China edges past US as Europe’s top trade partner

    1 day ago

    China edges past US as Europe’s top trade partner

    PARIS, Dec 3 — China pushed past the United States in the third quarter to become the European Union’s top trade partner, as the Covid-19 pandemic disrupted the US while...

  • US, EU must end trade conflict, Brussels says in Biden wish-list

    1 day ago

    US, EU must end trade conflict, Brussels says in Biden wish-list

    BRUSSELS, Dec 3 — The European Union and the United States should resolve their trade disputes after US President-elect Joe Biden takes office in January in a “new...

  • Mnuchin, Powell press again for deal to get economy through the Covid winter

    1 day ago

    Mnuchin, Powell press again for deal to get economy through the Covid winter

    WASHINGTON, Dec 3 — The heads of the US Treasury Department and Federal Reserve on Wednesday renewed calls for legislators to reach agreement on additional funds to help small...

  • UK PM ‘optimistic’ of EU deal but ready to cope without

    2 days ago

    UK PM ‘optimistic’ of EU deal but ready to cope without

    LONDON, Dec 2 — Prime Minister Boris Johnson is “optimistic” about striking a post-Brexit deal with the European Union but ready for Britain to trade on new terms without...

  • US stocks retreat from records after lacklustre jobs data

    2 days ago

    US stocks retreat from records after lacklustre jobs data

    NEW YORK, Dec 2 — Wall Street stocks pulled back from records early today following lacklustre US jobs data, despite the first approval of a Covid-19 vaccine by a western...

  • ADP: US private job growth slows in November

    2 days ago

    ADP: US private job growth slows in November

    WASHINGTON, Dec 2 — US private employment continued to grow in November albeit at a slower-than-anticipated rate, according to private data released today, raising fears the US...

  • American Airlines Boeing 737 MAX flight aims to reassure

    2 days ago

    American Airlines Boeing 737 MAX flight aims to reassure

    DALLAS, Dec 2 — The Boeing 737 MAX will take another key step in its comeback to commercial travel today with an American Airlines test flight for news media. After being...

  • International Labour Organisation: Covid-19 drags down wages

    2 days ago

    International Labour Organisation: Covid-19 drags down wages

    PARIS, Dec 2 — As well as hitting global economic activity amidships, the coronavirus has also dragged down wages, an International Labour Organisation report found today. The...

  • UK retail king Tesco says to repay coronavirus tax relief

    2 days ago

    UK retail king Tesco says to repay coronavirus tax relief

    LONDON, Dec 2 — Britain’s biggest retailer Tesco today said it had decided to repay tax relief received this year as part of government help for coronavirus-battered...

  • French rail operator SNCF sees €5b loss in 2020

    2 days ago

    French rail operator SNCF sees €5b loss in 2020

    PARIS, Dec 2 — Hit hard by economic fallout from the coronavirus pandemic, French state rail operator SNCF said today it expected to end the year as much as €5 billion (RM24.4...

  • Global stocks steady after Covid-19 vaccine-fuelled rally

    2 days ago

    Global stocks steady after Covid-19 vaccine-fuelled rally

    LONDON, Dec 2 — Stock markets steadied today, as a rally fuelled by vaccine hopes petered out with confirmation that the UK will next week begin rolling out the Pfizer-BioNTech...

  • EU tells Brexit negotiator: Don’t let deadline force a bad deal

    2 days ago

    EU tells Brexit negotiator: Don’t let deadline force a bad deal

    BRUSSELS, Dec 2 — The European Union’s chief Brexit negotiator told member states’ envoys today that negotiations on a trade deal with Britain were reaching “a...

  • US House seen approving Bill blocking Chinese firms from US markets

    2 days ago

    US House seen approving Bill blocking Chinese firms from US markets

    WASHINGTON, Dec 2 — The US House of Representatives is expected to pass legislation this week that could prevent some Chinese companies from listing their shares on US exchanges...

  • 2 days ago

    Pecca to start exporting face masks to Asia, Europe and US

    KUALA LUMPUR, Dec 2 — Car leather upholstery maker Pecca Group Bhd is ready to start exporting its medical face masks after its subsidiary, Pecca Leather Sdn Bhd, secured...

  • 2 days ago

    Malaysia Shipowners’ Association: Local companies have capabilities to do undersea cable repairs

    PUTRAJAYA, Dec 2 — Malaysian companies have the capabilities to conduct subsea cable repairs, insists the Malaysia Shipowners’ Association (MASA). MASA is happy with the...

  • Sales of Proton cars continue to grow in November

    2 days ago

    Sales of Proton cars continue to grow in November

    KUALA LUMPUR, Dec 2 — The sales of Proton cars have continued its growth trajectory towards a strong year-end finish with 11,411 units sold in November 2020 — a growth rate of...

  • Ringgit ends higher against US dollar

    2 days ago

    Ringgit ends higher against US dollar

    KUALA LUMPUR, Dec 2 — The ringgit regained some lost ground to close higher against the US dollar today, supported by a slight rebound in crude oil prices, said an analyst. At...

  • Belgian mail turns to sports stores to ease parcel overload

    2 days ago

    Belgian mail turns to sports stores to ease parcel overload

    BRUSSELS, Dec 2 — Belgium’s post office has teamed up with the country’s largest sports store chain as a shift to online purchases accelerated by the Covid-19 pandemic has...

  • Bursa Malaysia ends lower, Top Glove weighs on KLCI

    2 days ago

    Bursa Malaysia ends lower, Top Glove weighs on KLCI

    KUALA LUMPUR, Dec 2 — Persistent profit taking and selling activities mainly in blue-chips caused a reversal of yesterday’s big gains and dragged Bursa Malaysia to finish...

  • China’s manufacturing recovery masks strains on smaller factories, export uncertainty

    2 days ago

    China’s manufacturing recovery masks strains on smaller factories, export uncertainty

    BEIJING, Dec 2 — Chinese industrial activity has snapped back to pre-coronavirus growth levels, with factory surveys hitting multi-year highs in November, but the headline...

  • London stocks subdued as Brexit fears offset first Covid-19 vaccine approval

    2 days ago

    London stocks subdued as Brexit fears offset first Covid-19 vaccine approval

    LONDON, Dec 2 — London-listed shares were muted today as fears about a no-deal Brexit overshadowed news that UK had become the world’s first country to approve the...

  • European shares dip; FTSE 100 outperforms on UK Covid-19 vaccine approval

    2 days ago

    European shares dip; FTSE 100 outperforms on UK Covid-19 vaccine approval

    BERLIN, Dec 2 — European shares slipped today as investors took stock following a near 14 per cent rally last month, while shares in BioNTech surged after UK became the first...

  • Dollar rises from 2½-year lows, risk currencies retreat

    2 days ago

    Dollar rises from 2½-year lows, risk currencies retreat

    LONDON, Dec 2 — The dollar rose from a two-and-a-half-year low today as investors assessed the likelihood of further fiscal stimulus in the United States, while a rally in...

  • Sterling slips below US$1.34 as Brexit trade deal doubts emerge

    2 days ago

    Sterling slips below US$1.34 as Brexit trade deal doubts emerge

    LONDON, Dec 2 — Sterling dipped below US$1.34 (RM5.46) as doubts resurfaced over whether Britain can seal a post-Brexit trade deal with the European Union, offsetting any...

  • Euro zone yields steady, US stimulus offsets ECB expected easing

    2 days ago

    Euro zone yields steady, US stimulus offsets ECB expected easing

    MILAN, Dec 2 — Euro zone government bond yields held steady today, boosted by hopes of a quick approval of a coronavirus stimulus plan in the United States, while expectations...