Money

  • Bursa Malaysia ends morning session mixed

    20 hours ago

    Bursa Malaysia ends morning session mixed

    KUALA LUMPUR, June 17 — Bursa Malaysia ended the morning session mixed on cautious trading, ahead of the US Federal Reserve (Fed) meeting. A dealer said investors...

  • Bursa Malaysia turns higher at mid-morning

    21 hours ago

    Bursa Malaysia turns higher at mid-morning

    KUALA LUMPUR, June 17 — Bursa Malaysia turned higher at mid-morning, lifted by buying in selected heavyweights such as Tenaga, Petronas Gas and Nestle, amid...

  • BNM highlights pressing need for better national strategy on cybersecurity

    22 hours ago

    BNM highlights pressing need for better national strategy on cybersecurity

    KUALA LUMPUR, June 17 — There is a pressing need for the financial industry and nation to provide an enabling and secure framework for technological innovation, said Bank...

  • Businesses clamour for Trump’s ear as US$300b in new China tariffs loom

    1 day ago

    Businesses clamour for Trump’s ear as US$300b in new China tariffs loom

    WASHINGTON, June 17 — Washington is planning another tidal wave of tariffs on Chinese imports that represent a worst-case scenario for markets and major industries on both sides...

  • 22 hours ago

    Ecoworld shares up on new JV with PowerChina

    KUALA LUMPUR, June 17 — Shares of Eco World Development rose slightly following the property developer’s joint venture announcement with Fortune’s Global 500...

  • Ringgit opens lower against US dollar amidst heighten trade tension

    23 hours ago

    Ringgit opens lower against US dollar amidst heighten trade tension

    KUALA LUMPUR, June 17 — The ringgit opened lower against the US dollar today as investors stayed on the sidelines due to uncertainty surrounding the global economy and...

  • Bursa Malaysia easier at opening

    23 hours ago

    Bursa Malaysia easier at opening

    KUALA LUMPUR, June 17 — Bursa Malaysia opened easier in tandem with the global weakness and sluggish Chinese industrial data, putting pressure on the poor economic growth...

  • Tokyo stocks open lower with eyes on trade, central banks

    1 day ago

    Tokyo stocks open lower with eyes on trade, central banks

    TOKYO, June 17 — Tokyo stocks opened fractionally lower today, tracking falls on Wall Street, with investors’ eyes on the US-China trade war and key central bank meetings this...

  • Dollar holds near two-week high after strong US retail data

    1 day ago

    Dollar holds near two-week high after strong US retail data

    TOKYO, June 17 — The dollar hovered near a two-week high early today, as strong US retail sales data tempered some of the fears about a sharp downturn in the world’s largest...

  • Bloomberg: Huawei prepares for 40–60pc fall in international smartphone shipments

    1 day ago

    Bloomberg: Huawei prepares for 40–60pc fall in international smartphone shipments

    NEW YORK, June 17 — Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported yesterday. The Chinese technology...

  • Boeing says will take time to win back confidence

    1 day ago

    Boeing says will take time to win back confidence

    PARIS, June 17 — The head of Boeing said yesterday the US planemaker had made a mistake in implementing a faulty cockpit warning system on the 737 MAX and predicted it would...

  • Boeing crisis, trade tensions cast pall over air show

    1 day ago

    Boeing crisis, trade tensions cast pall over air show

    PARIS, June 17 — Safety concerns, trade wars and growing security tensions in the Gulf are dampening spirits at the world’s largest planemakers as they arrive at this week’s...

  • Sources: US chipmakers quietly lobby to ease Huawei ban

    1 day ago

    Sources: US chipmakers quietly lobby to ease Huawei ban

    WASHINGTON, June 17 — Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the US government to ease its ban on sales to the Chinese tech...

  • Lufthansa lowers 2019 targets over ‘low-cost’ competition

    1 day ago

    Lufthansa lowers 2019 targets over ‘low-cost’ competition

    BERLIN, June 17 — German airline group Lufthansa said yesterday it has revised lower its 2019 outlook due to intense competition from low-cost carriers in Europe. It now expects...

  • JCorp records RM5.616b in revenue for FY2018

    1 day ago

    JCorp records RM5.616b in revenue for FY2018

    JOHOR BARU, June 17 — Johor Corporation (JCorp) has recorded higher revenue of RM5.616 billion for the financial year ended Dec 31, 2018, compared with RM5.564 billion posted a...

  • China prepared for long trade fight with the US, says party journal

    1 day ago

    China prepared for long trade fight with the US, says party journal

    SHANGHAI, June 16 — The United States has underestimated the Chinese people’s will to fight a trade war and Beijing is prepared for a long economic battle, an influential...

  • Xinhua: China’s FedEx probe should not be seen as retaliation

    1 day ago

    Xinhua: China’s FedEx probe should not be seen as retaliation

    SHANGHAI, June 16 — China’s investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the US company, state news agency Xinhua said...

  • Saudi Arabia committed to Aramco IPO, says crown prince

    1 day ago

    Saudi Arabia committed to Aramco IPO, says crown prince

    RIYADH, June 16 — Saudi Arabia remains committed to selling shares in national oil conglomerate Aramco through an initial public offering but only at the right time, Crown...

  • Negri Sembilan banks on business-friendly policies to attract investors, says MB

    1 day ago

    Negri Sembilan banks on business-friendly policies to attract investors, says MB

    NILAI, June 16 — The Negri Sembilan government always subscribes to business-friendly policies to attract foreign and domestic investors to the state, said Menteri Besar Datuk...

  • As headwinds grow, Singapore fresh grads adjust job expectations, embrace short-term contracts

    1 day ago

    As headwinds grow, Singapore fresh grads adjust job expectations, embrace short-term contracts

    SINGAPORE, June 16 — When Halida Thanveer Asana Marican started hunting for a job last December, she sent out only one or two applications. But when she did not get any replies,...

  • From apples to almonds, India hikes tariffs on US goods

    1 day ago

    From apples to almonds, India hikes tariffs on US goods

    NEW DELHI, June 16 — India today imposed higher tariffs on 28 items imported from the US, in retaliation to Washington’s recent withdrawal of trade privileges for New Delhi....

  • Zalora aims to remain top fashion player in Asean

    1 day ago

    Zalora aims to remain top fashion player in Asean

    KUALA LUMPUR, June 16 — South-east Asian e-commerce platform Zalora aims to maintain its position as a top fashion player in the region due to the good performance seen in all...

  • Fall in cobalt price pushes DR Congo to reform economy

    1 day ago

    Fall in cobalt price pushes DR Congo to reform economy

    KINSHASA (DR Congo), June 16 — The Democratic Republic of Congo’s new leadership is under mounting pressure to diversify the country’s economy from its dependence on raw...

  • US Fed leans toward a cut; don’t expect one this week

    1 day ago

    US Fed leans toward a cut; don’t expect one this week

    WASHINGTON, June 16 — As President Donald Trump’s trade wars drag on, and the global economy weakens, the US Federal Reserve is inching closer to its first interest rate cut...

  • Local institutions emerge as net buyers post-Raya

    1 day ago

    Local institutions emerge as net buyers post-Raya

    KUALA LUMPUR, June 16 — Local institutions emerged as net buyers of Malaysian equities post-Hari Raya celebrations, injecting RM139.2 million versus a net sell of RM306.72...

  • Malaysia aspires to be E&E hub despite escalating US-China tech war

    2 days ago

    Malaysia aspires to be E&E hub despite escalating US-China tech war

    KUALA LUMPUR, June 15 — With the escalating technology war between the United States and China, giant tech companies have had to slash their future revenue forecast due to...

  • Saudi crown prince says to finalise US$533m privatisation deals this year, reports Asharq al-Awsat

    2 days ago

    Saudi crown prince says to finalise US$533m privatisation deals this year, reports Asharq al-Awsat

    RIYADH, June 16 — Saudi Arabia’s crown prince said today that the government will finalise privatisation deals worth 2 billion riyals (US$533 million) before the end of this...

  • Gulf powers urge action to secure energy supplies as tankers port-bound

    2 days ago

    Gulf powers urge action to secure energy supplies as tankers port-bound

    DUBAI, June 16 — Saudi Arabia and the UAE yesterday called for decisive action to protect energy supplies amid a tense US-Iran standoff as two tankers attacked in a vital Gulf...

  • G20 energy ministers to collaborate to keep market stability

    2 days ago

    G20 energy ministers to collaborate to keep market stability

    KARUIZAWA, Japan, June 15 — Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain...

  • Turkey hits out at Moody’s after credit rating cut

    2 days ago

    Turkey hits out at Moody’s after credit rating cut

    ANKARA, June 15 — Turkey today lambasted Moody’s ratings agency after it cut Ankara’s credit rating further into junk territory, saying the downgrade raised concerns over...

  • Chinese state media urges retribution after UBS economist’s ‘insult’

    2 days ago

    Chinese state media urges retribution after UBS economist’s ‘insult’

    BEIJING, June 15 — Those who insult Chinese people should pay the price in order to deter would-be offenders from following suit, Chinese state media said in a sharply worded...

  • US auto workers at VW plant reject bid to unionise

    2 days ago

    US auto workers at VW plant reject bid to unionise

    DETROIT, June 15 ― The United Auto Workers (UAW) union has suffered a fresh defeat at a Volkswagen plant in Tennessee, with workers narrowly voting down a move to organise the...

  • Report: Trump says 'it doesn't matter' if China's Xi attends G20

    2 days ago

    Report: Trump says 'it doesn't matter' if China's Xi attends G20

    WASHINGTON, June 15 ― US President Donald Trump said yesterday “it doesn't matter” if Chinese leader Xi Jinping attends the Group of 20 summit later this month in the...