Money

  • Trade hopes lift Asia markets but investors eye deadline

    1 day ago

    Trade hopes lift Asia markets but investors eye deadline

    HONG KONG, Dec 6 — Optimism over the China-US trade talks kept Asian markets buoyant today, with investors betting the two will eventually sign a partial deal, though they...

  • AirAsia Group expects non-airline business to contribute 60pc to revenue

    1 day ago

    AirAsia Group expects non-airline business to contribute 60pc to revenue

    KUALA LUMPUR, Dec 6 — AirAsia Group Bhd expects its non-airline ticketing business to contribute 60 per cent to revenue, from about 20 per cent currently, in the next...

  • BNM’s international reserves remain at US$103.2b

    1 day ago

    BNM’s international reserves remain at US$103.2b

    KUALA LUMPUR, Dec 6 — Bank Negara Malaysia’s (BNM) international reserves remained unchanged for three straight periods at US$103.2 billion US$1=RM4.16) as at November 29...

  • Bursa Malaysia remains higher at mid-afternoon

    1 day ago

    Bursa Malaysia remains higher at mid-afternoon

    KUALA LUMPUR, Dec 6 — Bursa Malaysia remained higher at mid-afternoon today, supported by continued buying momentum in selected plantation and transportation...

  • Banks remain willing to lend to bankable households, businesses

    1 day ago

    Banks remain willing to lend to bankable households, businesses

    KUALA LUMPUR, Dec 6 — Banks remain willing to lend to bankable households and businesses, and has approved roughly three out of four housing loan applications they...

  • China says to exempt 'some' US soybean, pork from tariffs

    1 day ago

    China says to exempt 'some' US soybean, pork from tariffs

    BEIJING, Dec 6 — China said today it will offer a tariff waiver to "some" imports of US soybean and pork, in the latest sign of easing trade tensions between Beijing and...

  • Returning General Motors workers seen boosting US Nov payrolls

    1 day ago

    Returning General Motors workers seen boosting US Nov payrolls

    WASHINGTON, Dec 6 — US job growth likely accelerated in November as former striking workers returned to General Motors’ payrolls, which would confirm that the economy remained...

  • Dollar drifts down as investors eye payrolls and a busy week ahead

    1 day ago

    Dollar drifts down as investors eye payrolls and a busy week ahead

    SINGAPORE, Dec 6 — The dollar headed for its worst week since October today, dragged down by nervousness on trade and hints of weakness in the US economy, with domestic factors...

  • Bursa Malaysia ends morning session higher

    1 day ago

    Bursa Malaysia ends morning session higher

    KUALA LUMPUR, Dec 6 — Bursa Malaysia ended the morning session higher today, in line with most regional markets as investors’ optimism over the United...

  • Jetstar pilots vote in favour of industrial action over pay deal

    1 day ago

    Jetstar pilots vote in favour of industrial action over pay deal

    SYDNEY, Dec 6 — The pilots of budget airline Jetstar have voted in favour of industrial action that could delay flights in the coming weeks after failing to agree on a pay deal,...

  • NGOs: Banks gave US$745b to groups planning new coal power plants

    1 day ago

    NGOs: Banks gave US$745b to groups planning new coal power plants

    PARIS, Dec 6 — Financial institutions have channeled US$745 billion over the past three years into companies planning new coal-fired power plants, according to a report by...

  • Affin Hwang Capital upgrades rubber products sector to ‘overweight’

    1 day ago

    Affin Hwang Capital upgrades rubber products sector to ‘overweight’

    KUALA LUMPUR, Dec 6 — Affin Hwang Capital upgraded the rubber products (gloves) sector to ‘overweight’ from ‘neutral’, despite the weak nine months of 2019 results....

  • Bursa Malaysia remains slightly higher at mid-morning

    1 day ago

    Bursa Malaysia remains slightly higher at mid-morning

    KUALA LUMPUR, Dec 6 — Bursa Malaysia remained slightly higher at mid-morning today, driven by emerging buying activities and in line with an uptrend in regional...

  • Stronger demand lifts ringgit in early trade

    1 day ago

    Stronger demand lifts ringgit in early trade

    KUALA LUMPUR, Dec 6 — The ringgit was higher against the US dollar in early trade today on better demand for the local note, amidst softer-than-expected...

  • Report: Major US, global cities slowing amid worldwide slump

    1 day ago

    Report: Major US, global cities slowing amid worldwide slump

    WASHINGTON, Dec 6 — The blockbuster growth in the world’s major cities in recent years will slow sharply in 2020 and 2021 as the global trade slowdown takes its toll,...

  • Bursa Malaysia opens lower but rebounded thereafter

    1 day ago

    Bursa Malaysia opens lower but rebounded thereafter

    KUALA LUMPUR, Dec 6 — Bursa Malaysia opened lower but rebounded thereafter, driven by continued buying activities in selected heavyweights, in line with the sentiment...

  • Marathon Opec meeting breaks up without agreement

    1 day ago

    Marathon Opec meeting breaks up without agreement

    VIENNA, Dec 6 — A meeting of the Opec group of major oil-exporting countries broke up late yesterday without agreement on cutting production to head off pressure on prices from...

  • World Bank adopts US$1b-plus annual China lending plan over US objections

    1 day ago

    World Bank adopts US$1b-plus annual China lending plan over US objections

    WASHINGTON, Dec 6 — The World Bank said its board yesterday adopted a new plan to aid China with US$1 billion to US$1.5 billion in low-interest loans annually through June 2025,...

  • Saudi Aramco: The oil colossus

    1 day ago

    Saudi Aramco: The oil colossus

    DUBAI, Dec 6 — State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world’s biggest flotation by...

  • Trump upbeat on US-China talks as Beijing underscores tariff-cut demands

    1 day ago

    Trump upbeat on US-China talks as Beijing underscores tariff-cut demands

    WASHINGTON, Dec 6 — US-China trade talks are “moving right along,” President Donald Trump said yesterday, striking an upbeat tone even as Chinese officials held fast to...

  • Shares firm, oil near two-month high after deeper output cut

    1 day ago

    Shares firm, oil near two-month high after deeper output cut

    TOKYO, Dec 6 — Asian stocks held firm today as US President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat near two-month highs...

  • Japan firms brace for economic contraction after Olympics, seek more stimulus

    1 day ago

    Japan firms brace for economic contraction after Olympics, seek more stimulus

    TOKYO, Dec 6 — Japanese firms are overwhelmingly expecting the economy to contract after the 2020 Tokyo Olympics following growth in the run-up to the event, prompting a call...

  • 25 billion reasons: Why Saudi is listing its crown jewel

    1 day ago

    25 billion reasons: Why Saudi is listing its crown jewel

    DUBAI, Dec 6 — Saudi oil giant Aramco has raised US$25.6 billion (RM106.7 billion) in the world’s biggest initial public offering, sources told AFP. The oil-rich kingdom has...

  • India’s poor fight desperate battle to find work as slowdown bites

    1 day ago

    India’s poor fight desperate battle to find work as slowdown bites

    NEW DELHI, Dec 6 — The hunt for work becomes more desperate every day on Delhi’s street corner labour markets as India’s economic slowdown bites deeper, piling pressure on...

  • WTO provisionally approves 2020 budget, likely averting shutdown

    1 day ago

    WTO provisionally approves 2020 budget, likely averting shutdown

    GENEVA, Dec 6 — World Trade Organisation members provisionally agreed yesterday on a 2020 budget, likely averting a shutdown risk triggered by US threats to block funding over...

  • Wall Street dips on lack of fresh update on trade talks

    2 days ago

    Wall Street dips on lack of fresh update on trade talks

    NEW YORK, Dec 5 — Wall Street’s main indexes dropped today, as investors stayed away from making riskier bets owing to a lack of new developments in US-China trade talks. The...

  • Norway ramps up W.Europe’s largest oilfield as oil’s future questioned

    2 days ago

    Norway ramps up W.Europe’s largest oilfield as oil’s future questioned

    OSLO, Dec 5 — Norwegian oil worker Nils Magne Lunde is preparing to drill a well at Johan Sverdrup, a North Sea offshore field which started in October and has quickly become...

  • United Airlines picks Scott Kirby to replace Oscar Munoz as CEO

    2 days ago

    United Airlines picks Scott Kirby to replace Oscar Munoz as CEO

    NEW YORK, Dec 5 — United Airlines Holdings Inc today named insider Scott Kirby as its chief executive officer to succeed Oscar Munoz, who will take the role of executive...

  • Report: US trade deficit falls in October to lowest since May 2018

    2 days ago

    Report: US trade deficit falls in October to lowest since May 2018

    WASHINGTON, Dec 5 — America’s trade deficit in October unexpectedly fell to its lowest level in more than a year as Americans imported billions less in autos and...

  • Britain’s fraud office opens Glencore bribery investigation

    2 days ago

    Britain’s fraud office opens Glencore bribery investigation

    LONDON, Dec 5 — Britain’s Serious Fraud Office (SFO) has launched an investigation into Glencore over suspicions of bribery, it said today, adding to the legal woes of one of...

  • Report: Billionaire Lawrence Stroll seeks big stake in Aston Martin

    2 days ago

    Report: Billionaire Lawrence Stroll seeks big stake in Aston Martin

    LONDON, Dec 5 — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported,...

  • Apple buys first-ever carbon-free aluminium from Alcoa-Rio Tinto venture

    2 days ago

    Apple buys first-ever carbon-free aluminium from Alcoa-Rio Tinto venture

    SAN FRANCISCO, Dec 5 — Apple Inc today said it has bought the first-ever commercial batch of carbon-free aluminium from a joint venture between two of the world’s biggest...

  • Sources: Saudi Aramco prices shares at top of range in world’s biggest IPO

    2 days ago

    Sources: Saudi Aramco prices shares at top of range in world’s biggest IPO

    DUBAI, Dec — State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, three sources told Reuters, raising US$25.6...