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Money
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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...
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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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....
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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)...
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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...
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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...
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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...
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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...
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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...
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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...
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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...