Money

  • Trump threatens tariffs on European cars if no EU trade deal

    19 hours ago

    Trump threatens tariffs on European cars if no EU trade deal

    WASHINGTON, Feb 21 — President Donald Trump yesterday said the United States would impose tariffs on European car imports if it cannot reach a trade deal with the European...

  • Ringgit opens lower on profit taking

    16 hours ago

    Ringgit opens lower on profit taking

    KUALA LUMPUR, Feb 21 — The ringgit opened marginally lower versus the US dollar this morning on profit-taking after it closed at the highest level in more than...

  • Fitch may cut UK’s ‘AA’ rating on Brexit uncertainty

    19 hours ago

    Fitch may cut UK’s ‘AA’ rating on Brexit uncertainty

    LONDON, Feb 21 — Fitch Ratings said yesterday it may downgrade the United Kingdom’s ‘AA’ debt rating based on growing uncertainty about the negotiations between Britain...

  • Wall Street ends up slightly as Fed minutes support cautious stance

    19 hours ago

    Wall Street ends up slightly as Fed minutes support cautious stance

    NEW YORK, Feb 21 — US stocks ended higher yesterday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the US central bank would be...

  • Brazil sees US$300b in savings over 10 years with pension reform

    19 hours ago

    Brazil sees US$300b in savings over 10 years with pension reform

    BRASILIA, Feb 21 — Brazil expects to save more than US$300 billion (RM1.2 trillion) over 10 years through a bill presented to Congress yesterday that aims to overhaul the...

  • Fed says US growth easing as global risks rise

    19 hours ago

    Fed says US growth easing as global risks rise

    WASHINGTON, Feb 21 — The Federal Reserve believes US growth will “step down” this year from last year’s rapid pace amid rising global risks, including from tense trade...

  • US stocks edge up ahead of Fed minutes

    1 day ago

    US stocks edge up ahead of Fed minutes

    NEW YORK, Feb 20 — Wall Street stocks edged higher early today ahead of Federal Reserve meeting minutes that will shed light on last month’s dovish tilt by the central bank....

  • Swiss bank UBS fined €3.7b in French tax fraud case

    1 day ago

    Swiss bank UBS fined €3.7b in French tax fraud case

    PARIS, Feb 20 — A Paris court today fined Swiss banking giant UBS €3.7 billion (RM17 billion) in a tax fraud case, a record for such a case in France. The bank was convicted...

  • China will not change prudent monetary policy, says Li

    1 day ago

    China will not change prudent monetary policy, says Li

    BEIJING, Feb 20 — China has not and will not change its prudent monetary policy and will not resort to “flood-like” stimulus, Premier Li Keqiang said today. Market...

  • Ringgit surges on positive market sentiment

    1 day ago

    Ringgit surges on positive market sentiment

    KUALA LUMPUR, Feb 20 — Steady crude oil prices, positive market sentiment in Malaysia and optimism over US-China trade talks pushed the ringgit to finish at...

  • Indonesia seeks multi-billion S. Korea trade deal by November

    1 day ago

    Indonesia seeks multi-billion S. Korea trade deal by November

    JAKARTA, Feb 20 — Indonesia aims to sign a long-stalled free trade deal with South Korea by November in a move that could boost two-way trade by billions of dollars, its trade...

  • Bursa closes higher on buying sentiment

    1 day ago

    Bursa closes higher on buying sentiment

    KUALA LUMPUR, Feb 20 — Bursa Malaysia ended the day higher as stronger buying demand in heavyweights helped lift the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI). At 5pm,...

  • 1 day ago

    Public Bank’s FY18 net profit up 2.2pc to RM5.59b

    KUALA LUMPUR, Feb 20 — Public Bank Bhd’s net profit rose to RM5.59 billion in the financial year ended Dec 31, 2018 (FY18), up 2.2 per cent from RM5.47 billion...

  • Asia shares scale 4.5-month peak on hopes of US-China trade deal

    1 day ago

    Asia shares scale 4.5-month peak on hopes of US-China trade deal

    TOKYO, Feb 20 — Asian stocks advanced to 4.5-month highs today as investors bet that Chinese and US trade negotiators would be able to secure a deal to de-escalate their...

  • Bursa's climb continues at mid-afternoon

    1 day ago

    Bursa's climb continues at mid-afternoon

    KUALA LUMPUR, Feb 20 — Bursa Malaysia remained higher at mid-afternoon due to gains in heavyweights as market sentiment was lifted by higher US stock performance and optimism...

  • Broad investor support lifts Bursa at mid-day

    1 day ago

    Broad investor support lifts Bursa at mid-day

    KUALA LUMPUR, Feb 20 — Bursa Malaysia closed the morning session higher on stronger across-the-board buying demand, following Wall Street’s overnight gains. At 12.30 pm, the...

  • Petronas-linked counters among top gainers at mid-morning

    1 day ago

    Petronas-linked counters among top gainers at mid-morning

    KUALA LUMPUR, Feb 20 ― Petronas-linked counters were the top gainers at mid-morning, following reports of gas discovery at the Repsol-operated Sakakemang PSC, onshore Central...

  • Swiss bank UBS faces French court ruling on fraud charges

    1 day ago

    Swiss bank UBS faces French court ruling on fraud charges

    PARIS, Feb 20 — A Paris court will rule today on whether Swiss banking giant UBS illegally tried to help French clients hide billions of euros from French tax authorities,...

  • Loan of US$100m from Taiwan gives lifeline to Nicaragua's Ortega

    1 day ago

    Loan of US$100m from Taiwan gives lifeline to Nicaragua's Ortega

    MANAGUA, Feb 20 — Nicaragua's congress yesterday accepted a US$100 million (RM408 million) loan offered by Taiwan, giving a line of support to President Daniel Ortega's...

  • Bursa Malaysia remains higher at mid-morning

    1 day ago

    Bursa Malaysia remains higher at mid-morning

    KUALA LUMPUR, Feb 20 ― Bursa Malaysia remained higher at mid-morning today on improved buying sentiment across-the-board, following Wall Street’s overnight gains. At 11.15am,...

  • US debt hits record under Trump, Republicans mum

    1 day ago

    US debt hits record under Trump, Republicans mum

    WASHINGTON, Feb 20 — More massive than the US economy, the national debt hit a new record of US$22 trillion (RM89.7 trillion) under President Donald Trump but Republicans who...

  • Japan trade deficit expands in January as China-bound exports fall

    1 day ago

    Japan trade deficit expands in January as China-bound exports fall

    TOKYO, Feb 20 — Japan's trade deficit for January grew from a year earlier with exports to China tumbling in their worst decline in three years, government data showed today....

  • Amid trade talks, China urges US to respect its right to develop, prosper

    1 day ago

    Amid trade talks, China urges US to respect its right to develop, prosper

    BEIJING, Feb 20 — The United States should respect China's right to develop and become prosperous, the Chinese government's top diplomat told a visiting US delegation,...

  • Singapore developers want cooling measures eased, minister says ‘bitter medicine’ unavoidable at times

    1 day ago

    Singapore developers want cooling measures eased, minister says ‘bitter medicine’ unavoidable at times

    SINGAPORE, Feb 20 — As Singapore developers urged the government to review certain property cooling measures, Finance Minister Heng Swee Keat said yesterday that “bitter...

  • Ringgit extends gains in early trade

    1 day ago

    Ringgit extends gains in early trade

    KUALA LUMPUR, Feb 20 — The ringgit extended yesterday’s uptrend to opened higher against the US dollar this morning as demand for the greenback was fragile amid uncertainty...

  • Bursa tracks Wall Street gains to open higher

    1 day ago

    Bursa tracks Wall Street gains to open higher

    KUALA LUMPUR, Feb 20 — Shares on Bursa Malaysia opened higher today, lifted by stronger buying support in most heavyweights following Wall Street’s overnight gains. At 9.05...

  • Asia stocks up slightly, eyes on US-China talks, Fed minutes

    1 day ago

    Asia stocks up slightly, eyes on US-China talks, Fed minutes

    TOKYO, Feb 20 — Asian stocks gained a tad yesterday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers'...

  • US dollar sags on lower yields, Fed minutes in focus

    1 day ago

    US dollar sags on lower yields, Fed minutes in focus

    TOKYO, Feb 20 — The US dollar sagged against its peers today in the wake of falling US yields and as investors remained cautious ahead of the Federal Reserve's policy meeting...

  • Is high finance growing a social conscience?

    1 day ago

    Is high finance growing a social conscience?

    LONDON, Feb 20 — Financiers who turnaround companies by injecting them with capital are increasingly considering the environmental and social impact of their investments,...

  • US economy to see another strong year, recession unlikely, says White House

    1 day ago

    US economy to see another strong year, recession unlikely, says White House

    WASHINGTON, Feb 20 — The US economy should continue growing this year at the same pace seen in 2018, and there is only a very slim chance of recession, the chief White House...