Money

  • Bursa Malaysia turns mixed at mid-morning

    17 hours ago

    Bursa Malaysia turns mixed at mid-morning

    KUALA LUMPUR, Jan 22 — Bursa Malaysia turns mixed at mid-morning due to profit-taking activities as fresh weakness across the globe clouded the local stock market. At 11.10am,...

  • China stocks tumble on virus outbreak, but regional markets steady

    17 hours ago

    China stocks tumble on virus outbreak, but regional markets steady

    SINGAPORE, Jan 22 — Asian stock markets bounced today as China’s response to a virus outbreak tempered fears of a global pandemic, although Shanghai shares slipped amid...

  • South Korea posts lowest growth in a decade for 2019

    17 hours ago

    South Korea posts lowest growth in a decade for 2019

    SEOUL, Jan 22 — South Korea’s economy expanded at its slowest pace for a decade last year, hampered by prolonged trade tensions between the US and China and the sluggish...

  • Social mobility: Singapore tops South-east Asia but ranks 20th overall in global study

    18 hours ago

    Social mobility: Singapore tops South-east Asia but ranks 20th overall in global study

    SINGAPORE, Jan 22 — A new report by the World Economic Forum (WEF) on social mobility has found that despite outperforming its South-east Asian neighbours, Singapore ranks 20th...

  • Under Armour looking for a second wind after difficult 2019

    17 hours ago

    Under Armour looking for a second wind after difficult 2019

    BALTIMORE, Jan 22 — Huge Under Armour billboards dot the streets of Baltimore, with photos of famous athletes sponsored by the sports equipment supplier, like heavyweight boxer...

  • Bursa Malaysia opens lower but rises thereafter

    19 hours ago

    Bursa Malaysia opens lower but rises thereafter

    KUALA LUMPUR, Jan 22 — Bursa Malaysia opened lower but continued its upwards momentum thereafter, lifted by gains in selected heavyweights. At 9.28am, the FTSE Bursa...

  • Ringgit slips at open due to market jitters on coronavirus

    19 hours ago

    Ringgit slips at open due to market jitters on coronavirus

    KUALA LUMPUR, Jan 22 — The ringgit extended yesterday’s loss to open lower today due to market jitters about the outbreak of coronavirus in...

  • Australian consumer gloom worsens amid devastating bushfires

    19 hours ago

    Australian consumer gloom worsens amid devastating bushfires

    SYDNEY, Jan 22 — Australian consumer pessimism deepened in January as households fretted about the economic impact of devastating bushfires that killed 29 people, millions of...

  • Yen supported, yuan frail on coronavirus concerns

    20 hours ago

    Yen supported, yuan frail on coronavirus concerns

    TOKYO, Jan 22 — The yen was supported while the yuan was on the back foot today as investors tried to assess the risk of the outbreak of a new coronavirus in China disrupting...

  • China virus scare sends shudder through European luxury goods sector

    20 hours ago

    China virus scare sends shudder through European luxury goods sector

    MILAN, Jan 22 — European luxury stocks slumped across the board yesterday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had...

  • Toyota to recall 3.4 million vehicles worldwide, air bags may not deploy in crashes

    20 hours ago

    Toyota to recall 3.4 million vehicles worldwide, air bags may not deploy in crashes

    WASHINGTON, Jan 22 — Toyota Motor Corp said yesterday it will recall 3.4 million vehicles worldwide because of an electronic defect that can result in air bags not deploying in...

  • Central banks examine setting up own cryptocurrencies

    21 hours ago

    Central banks examine setting up own cryptocurrencies

    ZURICH, Jan 22 — A group of central banks yesterday said they would discuss creating their own digital currencies — as Facebook prepares to launch a cryptocurrency and...

  • Germany launches raids over suspected Mitsubishi diesel fraud

    21 hours ago

    Germany launches raids over suspected Mitsubishi diesel fraud

    FRANKFURT AM MAIN, Jan 22 — German prosecutors yesterday said they were searching business premises across the country as part of an investigation into suspected diesel...

  • Netflix ramps up global subscribers, but sees slower growth ahead

    21 hours ago

    Netflix ramps up global subscribers, but sees slower growth ahead

    SAN FRANCISCO, Jan 22 — Netflix said yesterday it added millions of new subscribers globally over the past quarter as it ramped up for a tougher competitive landscape, but...

  • Boeing says 737 MAX return delayed until mid-2020

    21 hours ago

    Boeing says 737 MAX return delayed until mid-2020

    NEW YORK, Jan 22 — Boeing yesterday officially pushed back the timeframe for the 737 MAX to return to the skies, sending shares plunging and overshadowing an earlier...

  • Trump administration won’t turn over auto import probe report, defying Congress

    22 hours ago

    Trump administration won’t turn over auto import probe report, defying Congress

    WASHINGTON, Jan 22 — The Trump administration is snubbing Congress by refusing to turn over a report detailing an investigation into national security risks potentially posed by...

  • Mnuchin: Trade deals boosting US growth, Boeing 737 MAX a drag

    1 day ago

    Mnuchin: Trade deals boosting US growth, Boeing 737 MAX a drag

    DAVOS, Jan 21 — Recent trade deals with China and neighbouring Mexico and Canada will boost growth in the United States this year but the ongoing crisis surrounding Boeing’s...

  • First flight of Boeing’s 777X set for Thursday, say sources

    1 day ago

    First flight of Boeing’s 777X set for Thursday, say sources

    NEW YORK, Jan 21 — Following months of delay, Boeing plans the first flight for its new long-range 777X on Thursday, two people with knowledge of the matter said today. The date...

  • US stocks pull back from records a virus fears hit markets

    1 day ago

    US stocks pull back from records a virus fears hit markets

    NEW YORK, Jan 21 — Wall Street stocks joined other global equity markets today in declining on news of a new virus outbreak in China, pulling back from records. Leading US...

  • Virus fears infect global markets

    1 day ago

    Virus fears infect global markets

    LONDON, Jan 21 — Global stock markets slumped today as a SARS-like virus taking hold in China spooked investors, while sentiment suffered a knock also from a credit-ratings...

  • Trump, EU commission chief discuss ‘trade deal’ in Davos

    1 day ago

    Trump, EU commission chief discuss ‘trade deal’ in Davos

    DAVOS, Jan 21 — US President Donald Trump said at a meeting today in Davos with new EU Commission President Ursula von der Leyen that they were discussing a trade deal. Trump,...

  • Trump calls for more overseas investment in US as impeachment trial begins

    1 day ago

    Trump calls for more overseas investment in US as impeachment trial begins

    DAVOS, Jan 21 — Thousands of miles from his Washington impeachment trial, President Donald Trump took centre stage at Davos to tout the success of the US economy, while...

  • Trump rejects climate ‘prophets of doom’ as Thunberg warns Davos

    1 day ago

    Trump rejects climate ‘prophets of doom’ as Thunberg warns Davos

    DAVOS, Jan 21 — US President Donald Trump today assailed environmental “prophets of doom”, delivering an uncompromising message in Davos after Swedish teenage campaigner...

  • Huawei chief says US may ‘escalate’ but confident on business

    1 day ago

    Huawei chief says US may ‘escalate’ but confident on business

    DAVOS, Jan 21 — The chief executive of Chinese telecoms giant Huawei today said he was ready for the United States to escalate a “campaign” against the firm this year but...

  • France, US agree to extend digital tax row talks

    1 day ago

    France, US agree to extend digital tax row talks

    PARIS, Jan 21 — Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year,...

  • US Treasury’s Mnuchin says Phase 2 trade deal may not remove all tariffs, reports WSJ

    1 day ago

    US Treasury’s Mnuchin says Phase 2 trade deal may not remove all tariffs, reports WSJ

    WASHINGTON, Jan 21 — The Phase 2 trade deal with China would not necessarily be a “big bang” that removes all existing tariffs, US Treasury Secretary Steven Mnuchin told the...

  • ECB: Corporate loan demand falls for first time since 2013

    1 day ago

    ECB: Corporate loan demand falls for first time since 2013

    FRANKFURT, Jan 21 — Corporate demand for bank loans in the eurozone fell in the final quarter of 2019 for the first time in six years, the ECB said today, suggesting that a...

  • Airbus to build second production line in France for A321 jets

    1 day ago

    Airbus to build second production line in France for A321 jets

    PARIS, Jan 21 — European aircraft maker Airbus said today it will build a new production line for its hugely popular A321 single-aisle jet in France, adding to the output of the...

  • Global resource consumption tops 100 billion tonnes for first time

    1 day ago

    Global resource consumption tops 100 billion tonnes for first time

    PARIS, Jan 21 — The world is using up more than 100 billion tonnes of natural resources per year for the first time ever while global recycling of raw materials has fallen,...

  • Ministry to organise programme to help SMEs gain access to financing

    1 day ago

    Ministry to organise programme to help SMEs gain access to financing

    KUALA LUMPUR, Jan 21 — The Ministry of Entrepreneur Development (MED) will organise a programme to assist small and medium enterprises (SME) gain access to funding to expand...

  • Ringgit ends lower against US dollar

    1 day ago

    Ringgit ends lower against US dollar

    KUALA LUMPUR, Jan 21 — The ringgit closed lower versus the US dollar in line with other emerging Asian currencies, taking cue from the fall of the Chinese yuan and lack of risk...

  • Bursa Malaysia ends in the red

    1 day ago

    Bursa Malaysia ends in the red

    KUALA LUMPUR, Jan 21 — Bursa Malaysia ended in the red today in line with the downtrend in regional markets, as losses in selected heavyweights put pressure on the local index....

  • Sterling holds steady ahead of crucial labour market data

    1 day ago

    Sterling holds steady ahead of crucial labour market data

    LONDON, Jan 21 — Sterling held above US$1.30 (RM5.30) ahead of UK labour market data today that, if disappointing, will provide a further signal that the Bank of England could...