Money

  • Bursa Malaysia ends at intra day high on institutional support

    1 day ago

    Bursa Malaysia ends at intra day high on institutional support

    KUALA LUMPUR, Aug 23 — Bursa Malaysia ended at an intra-day high backed by institutional support in selected heavyweights, especially government-linked counters at the eleventh...

  • European shares grind higher ahead of Powell speech

    1 day ago

    European shares grind higher ahead of Powell speech

    LONDON, Aug 23 — European shares inched higher early today, with all eyes on a speech by US Federal Reserve Chief Jerome Powell for signs that the central bank is on course to...

  • Sterling falls as doubts about Brexit backstop hopes grow

    1 day ago

    Sterling falls as doubts about Brexit backstop hopes grow

    LONDON, Aug 23 — The pound today gave back some of the gains it made the day before as investors reassessed whether British Prime Minister Boris Johnson had made any progress in...

  • Hong Kong unions urge Cathay Pacific to end ‘white terror’

    1 day ago

    Hong Kong unions urge Cathay Pacific to end ‘white terror’

    HONG KONG, Aug 23 — Cathay Pacific Airways , which is caught in the crosswinds between authorities in Beijing and anti-government protesters in Hong Kong, must put an end to...

  • Hong Kong stocks finish week on positive note

    1 day ago

    Hong Kong stocks finish week on positive note

    HONG KONG, Aug 23 — Hong Kong shares ended the week with a healthy rise today as investors look ahead to a key speech later in the day by Federal Reserve boss Jerome Powell...

  • Bursa Malaysia remains mixed at mid-afternoon

    1 day ago

    Bursa Malaysia remains mixed at mid-afternoon

    KUALA LUMPUR, Aug 23 — Trading on Bursa Malaysia remained mixed at mid-day as the benchmark index inched closer to positive territory while market breadth stayed in red. ...

  • FTSE rebounds ahead of Powell speech as Entertainment One soars

    1 day ago

    FTSE rebounds ahead of Powell speech as Entertainment One soars

    LONDON, Aug 23 ― London's FTSE 100 bounced back today ahead of US Federal Reserve Chairman Jerome Powell's much-anticipated speech, while Peppa Pig owner Entertainment One rose...

  • India Inc grows impatient as economy dips and Modi is distracted

    1 day ago

    India Inc grows impatient as economy dips and Modi is distracted

    MUMBAI, Aug 23 ― When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big...

  • Bursa Malaysia mixed at mid-day

    1 day ago

    Bursa Malaysia mixed at mid-day

    KUALA LUMPUR, Aug 23 ― Bursa Malaysia turned mixed at mid-day as the benchmark index was in positive territory, while market breadth remained negative. At 12.30pm, the FTSE...

  • Indonesia tells some Jakarta supermarkets to remove 'palm oil-free' products

    1 day ago

    Indonesia tells some Jakarta supermarkets to remove 'palm oil-free' products

    JAKARTA, Aug 23 ― Indonesia, the world's top palm oil producer, has told some retailers in Jakarta to remove food products with “palm oil-free” labels from their shops, a...

  • Russia’s Rosneft becomes top Venezuelan oil trader, helping offset US pressure

    1 day ago

    Russia’s Rosneft becomes top Venezuelan oil trader, helping offset US pressure

    MOSCOW, Aug 23 ― Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of...

  • 1 day ago

    Malakoff posts RM52.25m net profit for Q2

    KUALA LUMPUR, Aug 23 — Malakoff Corporation Bhd’s net profit was marginally lower at RM52.25 million for the second quarter ended June 30, 2019, from RM52.55 million recorded...

  • Astro stocks ease following data breach

    1 day ago

    Astro stocks ease following data breach

    KUALA LUMPUR, Aug 23 ― Share prices of satellite television provider, Astro Malaysia Holdings Berhad fell in early trading after it suffered another data breach, the second...

  • Bursa Malaysia stays in negative territory at mid-morning

    1 day ago

    Bursa Malaysia stays in negative territory at mid-morning

    KUALA LUMPUR, Aug 23 ― Bursa Malaysia remained in the negative territory at mid-morning, with heavyweight counters remaining as the top contributors in paring down the composite...

  • Asian stocks shaky before Powell's speech as growth woes weigh

    1 day ago

    Asian stocks shaky before Powell's speech as growth woes weigh

    TOKYO, Aug 23 ― Asian shares struggled to make any headway today as weak US manufacturing activity and uncertainty over how much further the Federal Reserve would cut rates...

  • Bursa Malaysia opens lower as financial counters slide

    1 day ago

    Bursa Malaysia opens lower as financial counters slide

    KUALA LUMPUR, Aug 23 ― Bursa Malaysia slipped lower at the opening as heavyweight financial counters led the sell-off ahead of the widely anticipated speech by the US Federal...

  • Ringgit opens slightly against US dollar

    1 day ago

    Ringgit opens slightly against US dollar

    KUALA LUMPUR, Aug 23 ― The ringgit opened slightly higher against the US dollar as investors squared off their position from holding the greenback ahead of US Federal Reserve...

  • Dollar holds steady ahead of Fed speech, kiwi jumps on RBNZ comments

    1 day ago

    Dollar holds steady ahead of Fed speech, kiwi jumps on RBNZ comments

    TOKYO, Aug 23 ― The dollar held steady in Asia today on expectations US Federal Reserve Chairman Jerome Powell would stick with his message that the central bank has not entered...

  • FTSE 100 falls after Fed minutes, pound rally

    1 day ago

    FTSE 100 falls after Fed minutes, pound rally

    LONDON, Aug 23 ― London's FTSE 100 fell yesterday as the latest signals from the US Federal Reserve dampened hopes of hefty interest rate cuts, while exporter stocks slipped as...

  • European shares tumble in choppy session, FTSE lags

    1 day ago

    European shares tumble in choppy session, FTSE lags

    FRANKFURT, Aug 23 ― European shares fell yesterday as mixed readings of business growth across major economies and uncertainty over the US interest rate outlook made investors...

  • S&P 500 little changed in economic data offset, ahead of Fed chair's speech

    1 day ago

    S&P 500 little changed in economic data offset, ahead of Fed chair's speech

    NEW YORK, Aug 23 ― The benchmark S&P 500 ended little changed yesterday as a fall in US jobless claims offset data showing a contraction in US manufacturing activity while...

  • Global stocks edge lower as investors eye Fed's Jackson Hole meeting

    1 day ago

    Global stocks edge lower as investors eye Fed's Jackson Hole meeting

    NEW YORK, Aug 23 ― An index of stock markets worldwide crept lower yesterday on uncertainty over the outlook for US interest rate cuts and weak US manufacturing data that raised...

  • White House mulling tax cuts but not to counter short-term weakness, says adviser

    1 day ago

    White House mulling tax cuts but not to counter short-term weakness, says adviser

    WASHINGTON, Aug 23 ― The Trump administration is studying tax cuts to buttress long-term US economic growth that could be rolled out during the 2020 election campaign but is not...

  • US Export-Import Bank seeks vote on US$5b loan to Mozambique LNG project

    1 day ago

    US Export-Import Bank seeks vote on US$5b loan to Mozambique LNG project

    WASHINGTON, Aug 23 ― The US Export-Import Bank (EXIM) said yesterday its board intends to vote on a US$5 billion (RM20.9 billion) direct loan for the development of a liquefied...

  • US plans in-person China trade talks next month, says White House adviser

    1 day ago

    US plans in-person China trade talks next month, says White House adviser

    WASHINGTON, Aug 23 ― The Trump administration is still planning for a round of in-person talks between US and Chinese officials in September after a constructive exchange this...

  • Trump's message to G7 leaders this weekend: Be more like US

    1 day ago

    Trump's message to G7 leaders this weekend: Be more like US

    WASHINGTON, Aug 23 — President Donald Trump will highlight US economic policies under his stewardship at meetings with other G7 leaders this weekend in France and encourage...

  • EU set to halt imports of Canadian cherries, other fruits

    1 day ago

    EU set to halt imports of Canadian cherries, other fruits

    OTTAWA, Aug 23 ― The European Union will halt imports of Canadian cherries and other fresh fruits starting September 1 as it enforces new import requirements related to pests,...

  • Wall Street falls after disappointing data, Fed policymakers dampen rate cut hopes

    2 days ago

    Wall Street falls after disappointing data, Fed policymakers dampen rate cut hopes

    NEW YORK, Aug 22 — US stocks turned lower today as the first contraction in the manufacturing sector in nearly a decade and uncertainty about future interest rate cuts...

  • Sterling jumps as traders cling to Merkel’s Brexit backstop comments

    2 days ago

    Sterling jumps as traders cling to Merkel’s Brexit backstop comments

    LONDON, Aug 22 — The pound was on course for its best day in months today after traders interpreted comments from German Chancellor Angela Merkel to mean that a solution to the...

  • Minister: Asean makes progress in implementing AEC Blueprint 2025

    2 days ago

    Minister: Asean makes progress in implementing AEC Blueprint 2025

    MELBOURNE, Aug 22 — Asean has made considerable progress in the implementation of the Asean Economic Community (AEC) Blueprint 2025, said Minister of International Trade and...

  • Eurozone bankers warn of 'more protracted' slowdown

    2 days ago

    Eurozone bankers warn of 'more protracted' slowdown

    BERLIN, Aug 22 — Eurozone central bankers had worried that an economic slowdown hitting the bloc would drag on, as they prepared the ground for a new package of stimulus...

  • China buys US soybeans after declaring ban on American farm goods

    2 days ago

    China buys US soybeans after declaring ban on American farm goods

    CHICAGO, Aug 22 — China snapped up a small volume of US soybeans last week after pledging to halt purchases of American farm products due to the escalating trade war between...

  • Trump attacks, economic fears focus spotlight on Fed’s Powell speech

    2 days ago

    Trump attacks, economic fears focus spotlight on Fed’s Powell speech

    WASHINGTON, Aug 22 — When the leader of the Federal Reserve speaks, the world listens. But the relentless attacks by US President Donald Trump ensure Fed Chair Jerome Powell’s...