Money

  • EU seeks to resolve N. Ireland impasse with UK by end of Feb

    2 days ago

    EU seeks to resolve N. Ireland impasse with UK by end of Feb

    BRUSSELS, Jan 20 — The European Union is seeking to resolve the impasse with Britain over Northern Ireland’s trading arrangements by the end of February, aware that...

  • Tesla Berlin factory to elect works council on Feb 28

    2 days ago

    Tesla Berlin factory to elect works council on Feb 28

    BERLIN, Jan 20 — Tesla’s Berlin factory will elect its first works council on February 28, Germany’s largest union IG Metall said today, expressing concern that it was too...

  • China puts four million barrels of Iranian oil into state reserves, say source, Vortexa

    2 days ago

    China puts four million barrels of Iranian oil into state reserves, say source, Vortexa

    SINGAPORE, Jan 20 — China has offloaded nearly four million barrels of Iranian crude oil into state reserve tanks in the southern port city of Zhanjiang over the past few weeks,...

  • Dollar dips as Treasury yields stall, commodity currencies rally

    2 days ago

    Dollar dips as Treasury yields stall, commodity currencies rally

    LONDON, Jan 20 — The dollar dipped today as this week’s rally in US Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity...

  • Banks in Britain ask staff to return to offices

    2 days ago

    Banks in Britain ask staff to return to offices

    LONDON, Jan 20 — Banks including Standard Chartered and Citigroup have told staff in Britain to return to the office, taking advantage of the government’s lifting of...

  • Amazon may quit African HQ deal if blocked, Cape Town court hears

    2 days ago

    Amazon may quit African HQ deal if blocked, Cape Town court hears

    JOHANNESBURG, Jan 20 — Online retail giant Amazon could pull out of a deal to create its Africa headquarters in Cape Town, if a legal challenge by indigenous activists is...

  • Report: Global energy transition to cause short-term economic pain

    2 days ago

    Report: Global energy transition to cause short-term economic pain

    WASHINGTON, Jan 20 — The transition to clean energy required to prevent temperatures from rising swiftly could shave 2 per cent off global GDP by 2050 but is likely recoverable...

  • Oil stocks, GSK weakness pull FTSE 100 lower; Deliveroo jumps

    2 days ago

    Oil stocks, GSK weakness pull FTSE 100 lower; Deliveroo jumps

    LONDON, Jan 20 — London’s FTSE 100 inched lower today on weakness in oil stocks and GlaxoSmithKline, while food delivery platform Deliveroo jumped on order growth hitting the...

  • Ringgit ends higher on BNM’s positive tone on economy

    2 days ago

    Ringgit ends higher on BNM’s positive tone on economy

    KUALA LUMPUR, Jan 20 — Bank Negara Malaysia’s (BNM) continuous positive tone over Malaysia’s economic growth has helped to lift the ringgit to end higher against the US...

  • Twitter loses appeal in French online hate speech case

    2 days ago

    Twitter loses appeal in French online hate speech case

    PARIS, Jan 20 — Twitter must disclose details on what it does to tackle hate speech online in France, the Paris appeals court ruled today, handing a win to advocacy groups that...

  • 2 days ago

    KT Express Logistics, Invest Kedah sign MoA to develop RM1b e-commerce hub

    ALOR SETAR, Jan 20 — A memorandum of agreement (MoA) has been inked between KT Express Logistics Sdn Bhd and Invest Kedah Bhd to develop an e-commerce and logistics hub in Bukit...

  • Supermax confirms Canada terminated two existing contracts by mutual consent

    2 days ago

    Supermax confirms Canada terminated two existing contracts by mutual consent

    KUALA LUMPUR, Jan 20 — Supermax Corporation Bhd confirmed that the Supermax Group’s Canadian subsidiary, Supermax Healthcare Canada Inc, has agreed to terminate by mutual...

  • FBM KLCI ends marginally lower

    2 days ago

    FBM KLCI ends marginally lower

    KUALA LUMPUR, Jan 20 — Bursa Malaysia’s benchmark index ended slightly lower by 0.17 per cent today on continuous selling in heavyweights led by Maybank, Public Bank and...

  • Denmark charges UK businessman over ‘cum-ex’ trading scheme, says Danish news agency

    2 days ago

    Denmark charges UK businessman over ‘cum-ex’ trading scheme, says Danish news agency

    COPENHAGEN, Jan 20 — Danish prosecutors have charged British national Guenther Klar for fraud of at least 320 million Danish crowns (RM205 million) via a sham trading scheme to...

  • Sterling holds close to 23-month high versus euro

    2 days ago

    Sterling holds close to 23-month high versus euro

    LONDON, Jan 20 — Sterling held close to a 23-month high against the euro and rose versus a weakening dollar today, still supported by expectations of UK interest rate rises....

  • European stocks mostly up at open

    2 days ago

    European stocks mostly up at open

    LONDON, Jan 20 — European stock markets were mostly up in opening deals today as traders balanced a broadly upbeat Asian session against overnight losses on Wall Street....

  • China cuts key rates, steps up monetary stimulus to boost economy

    2 days ago

    China cuts key rates, steps up monetary stimulus to boost economy

    SHANGHAI, Jan 20 — China lowered mortgage lending benchmark rates today as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week...

  • Asia bucks Wall Street plunge as China rate cut helps property sector

    2 days ago

    Asia bucks Wall Street plunge as China rate cut helps property sector

    HONG KONG, Jan 20 — Markets mostly rose today in Asia as investors tentatively returned to buying after recent losses, with Chinese property firms enjoying a much-needed lift on...

  • FGV signs collective agreements with 12 workers’ unions under group

    2 days ago

    FGV signs collective agreements with 12 workers’ unions under group

    KUALA LUMPUR, Jan 20 — FGV has signed 12 Collective Agreements (CA) with its workers’ unions for the 2022-2024 period. FGV Holdings Bhd group chief executive officer Mohd...

  • Bursa Malaysia remains slightly lower at mid-afternoon

    2 days ago

    Bursa Malaysia remains slightly lower at mid-afternoon

    KUALA LUMPUR, Jan 20 ― Bursa Malaysia’s key index remained slightly lower at mid-afternoon today as the selling continued in financial stocks. At 3.06pm, the benchmark FTSE...

  • Bank Negara Malaysia holds interest rate at record low

    2 days ago

    Bank Negara Malaysia holds interest rate at record low

    KUALA LUMPUR, Jan 20 ― Malaysia's central bank kept its benchmark interest rate unchanged at a record low today, as expected, to support the recovering economy. All 23...

  • MAA forecasts 17.9pc rise in total industry volume to 600,000 units for 2022

    2 days ago

    MAA forecasts 17.9pc rise in total industry volume to 600,000 units for 2022

    KUALA LUMPUR, Jan 20 — The Malaysian Automotive Association (MAA) has forecast a 17.9 per cent growth in total industry volume (TIV) to 600,000 units...

  • Malaysia CEOs expect stronger global growth in 2022

    2 days ago

    Malaysia CEOs expect stronger global growth in 2022

    KUALA LUMPUR, Jan 20 — Malaysian chief executive officers (CEOs) are among those who are the most optimistic over 2022’s global economic outlook compared to...

  • CGS-CIMB: New airline may trigger aggressive price competition, stimulate travel volume

    2 days ago

    CGS-CIMB: New airline may trigger aggressive price competition, stimulate travel volume

    KUALA LUMPUR, Jan 20 — New airline MYAirline Sdn Bhd (MYAirline) could trigger aggressive price competition following a likely surge in seat capacity in the post-pandemic...

  • 2 days ago

    MIDF remains positive on auto sector as launches of new EV models pick up pace

    KUALA LUMPUR, Jan 20 ― Since the introduction of duty exemptions for electric vehicles (EVs) in Budget 2022, scheduled launches of new EV models have picked up pace, “which is...

  • Bursa Malaysia ends morning session mixed

    2 days ago

    Bursa Malaysia ends morning session mixed

    KUALA LUMPUR, Jan 20 ― Bursa Malaysia ended the morning trading session mixed due to the lack of fresh catalysts. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI)...

  • OCBC Bank: Bank Negara may refrain from rate cuts in 2022

    2 days ago

    OCBC Bank: Bank Negara may refrain from rate cuts in 2022

    KUALA LUMPUR, Jan 20 ― Bank Negara Malaysia (BNM) may refrain from any rate cut in 2022 due to a better outlook for economic recovery, said OCBC Bank. In a statement today, its...

  • Bursa Malaysia remain in the red at mid-morning

    2 days ago

    Bursa Malaysia remain in the red at mid-morning

    KUALA LUMPUR, Jan 20 ― Market sentiment remained soft at mid-morning, resulting in the key index easing by 0.09 per cent, weighed down by banking counters.   At...

  • China reports first official Iranian oil imports since Dec 2020

    2 days ago

    China reports first official Iranian oil imports since Dec 2020

    SINGAPORE, Jan 20 ― China reported the first imports of Iranian crude oil in a year despite ongoing sanctions by the United States government, according to data released by...

  • Asian shares rise as China cuts key mortgage rate

    2 days ago

    Asian shares rise as China cuts key mortgage rate

    SHANGHAI, Jan 20 ― Asian share markets broke a five-day slide to edge higher today, shrugging off drops in Europe and on Wall Street overnight as China underscored its diverging...

  • Bursa Malaysia opens mixed, CI down 0.14pc

    2 days ago

    Bursa Malaysia opens mixed, CI down 0.14pc

    KUALA LUMPUR, Jan 20 ― Bursa Malaysia opened mixed in early trade today, with the key index falling slightly by 0.14 per cent, weighed down by CIMB and Maybank. At 9.25am, the...

  • Ringgit rebounds to open higher against US dollar

    2 days ago

    Ringgit rebounds to open higher against US dollar

    KUALA LUMPUR, Jan 20 ― The ringgit rebounded to open higher versus the US dollar today, as the greenback retreated amid risk-on mode in the equity market, an analyst said. At...

  • High oil prices boost commodity currencies, dollar rally stalls

    2 days ago

    High oil prices boost commodity currencies, dollar rally stalls

    HONG KONG, Jan 20 ― Higher commodity prices were supporting the Canadian and Australian dollars today, while a pause in this week's rally in US Treasury yields meant the dollar...