Money

  • Analysts: Markets to stabilise with clarity in policies

    4 hours ago

    Analysts: Markets to stabilise with clarity in policies

    KUALA LUMPUR, May 27 — Multiple factors are affecting the markets but the recent outflow of foreign funds from stocks has raised concerns from many quarters. However, analysts...

  • Tencent chairman pledges to advance China chip industry after ZTE ‘wake-up’ call

    4 hours ago

    Tencent chairman pledges to advance China chip industry after ZTE ‘wake-up’ call

    HONG KONG, May 27 — Tencent Holdings chairman pledged to advance China’s semiconductor industry, saying the blow to ZTE Corp from Washington’s ban on US firms supplying...

  • China April industrial profit growth rebounds to six-month high

    5 hours ago

    China April industrial profit growth rebounds to six-month high

  • Oil drop below US$80 vindicates cautious investors trimming bets

    5 hours ago

    Oil drop below US$80 vindicates cautious investors trimming bets

  • Opec, Russia prepared to raise oil output amid US pressure

    10 hours ago

    Opec, Russia prepared to raise oil output amid US pressure

  • End ‘hide and seek’ Brexit approach, Barnier tells UK

    10 hours ago

    End ‘hide and seek’ Brexit approach, Barnier tells UK

  • Qatar bans Saudi, UAE goods from stores

    10 hours ago

    Qatar bans Saudi, UAE goods from stores

  • Brazil working around strike but fuel, food is still scarce

    10 hours ago

    Brazil working around strike but fuel, food is still scarce

  • Russia and Turkey ink pipeline agreement, end gas dispute

    10 hours ago

    Russia and Turkey ink pipeline agreement, end gas dispute

  • Returning to 2016 oil output levels is an option, says Russia's Novak

    18 hours ago

    Returning to 2016 oil output levels is an option, says Russia's Novak

  • Trump metals tariffs make Granite City great again, but at what cost?

    20 hours ago

    Trump metals tariffs make Granite City great again, but at what cost?

Our Picks in Money

  • TNB posts RM2.1b Q1 net profit

    6 hours ago

    TNB posts RM2.1b Q1 net profit

  • Bursa Malaysia to trend higher

    6 hours ago

    Bursa Malaysia to trend higher

  • AirAsia’s Q1 net profit up

    21 hours ago

    AirAsia’s Q1 net profit up

  • Asian currencies tentative

    21 hours ago

    Asian currencies tentative

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More News

  • Pakistan seeks economic lifeline with fresh China loans

    1 day ago

    Pakistan seeks economic lifeline with fresh China loans

    ISLAMABAD, May 26 — Pakistan expects to obtain fresh Chinese loans worth US$1-2 (RM4 -8 billion) billion to help it avert a balance of payments crisis, Pakistani government...

  • Short-term rates to remain stable next week

    1 day ago

    Short-term rates to remain stable next week

    KUALA LUMPUR, May 26 — Short-term rates are expected to remain stable next week as Bank Negara Malaysia (BNM) is expected to offer tenders to absorb excess funds from the money...

  • Ringgit to extend downward momentum

    1 day ago

    Ringgit to extend downward momentum

    KUALA LUMPUR, May 26 — The ringgit will likely extend its downward trend against the US dollar next week to between 3.96 and 4.00, mainly driven by external factors, said...

  • Bursa Malaysia to trend higher towards 1,800-1,820 level next week

    1 day ago

    Bursa Malaysia to trend higher towards 1,800-1,820 level next week

    KUALA LUMPUR, May 26 — Bursa Malaysia is expected to trend higher towards the 1,800-1,820 level next week, after retreating back to 1,750 level this week on heavy selling in the...

  • US reaches deal to keep China’s ZTE in business -congressional aide

    1 day ago

    US reaches deal to keep China’s ZTE in business -congressional aide

    WASHINGTON, May 26 — The Trump administration told lawmakers the US government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior...

  • Canada’s Trudeau raises US auto import probe concerns with Trump

    1 day ago

    Canada’s Trudeau raises US auto import probe concerns with Trump

    OTTAWA, May 26 — Canadian Prime Minister Justin Trudeau spoke with US President Donald Trump today and raised “strong concerns” about a US probe into car and truck imports...

  • Wall Street slips as oil slump drags energy stocks

    1 day ago

    Wall Street slips as oil slump drags energy stocks

    NEW YORK, May 25 — The S&P 500 index and the Dow Jones Industrial Average were slightly lower today as a steep drop in oil prices pressured energy stocks. Crude oil prices...

  • S. African trader AWOL in US$80m bitcoin ‘scam’

    1 day ago

    S. African trader AWOL in US$80m bitcoin ‘scam’

    JOHANNESBURG, May 25 — An alleged bitcoin currency scam in South Africa has left speculators with losses of more than US$80 million (RM318.4 million) as an investment company...

  • Malaysia's RM1t government debt explained

    1 day ago

    Malaysia's RM1t government debt explained

    KUALA LUMPUR, May 25 — Malaysia’s new Finance Minister Lim Guan Eng yesterday gave a breakdown of government debt and liabilities exceeding RM1 trillion, a figure that’s...

  • FBM KLCI stages rebound, foreign selling bottoms out

    2 days ago

    FBM KLCI stages rebound, foreign selling bottoms out

    KUALA LUMPUR, May 25 — The market barometer FBM KLCI today staged a rebound after 12 days of decline when it closed 21.7 points higher  at 1,797 points. There were 506...

  • TNB posts RM2.1b Q1 net profit

    1 day ago

    TNB posts RM2.1b Q1 net profit

    KUALA LUMPUR, May 25 — Tenaga Nasional Bhd (TNB) recorded a net profit of RM2.11 billion for the first quarter (Q1) ended March 31, 2018 on the back of RM12.27 billion...

  • EU removes Bahamas, St Kitts from tax haven blacklist

    1 day ago

    EU removes Bahamas, St Kitts from tax haven blacklist

    BRUSSELS, May 25 — European Union finance ministers agreed today to remove the Caribbean island countries of the Bahamas and Saint Kitts and Nevis from an EU list of tax havens....

  • Sime Darby Q3 net profit drops to RM135m

    1 day ago

    Sime Darby Q3 net profit drops to RM135m

    KUALA LUMPUR, May 25 — Sime Darby Bhd’s net profit for the third quarter ended March 31 2018 (3Q18) fell to RM135 million from RM692 million in the corresponding period...

  • Ringgit closes flat on lack of buying interest

    1 day ago

    Ringgit closes flat on lack of buying interest

    KUALA LUMPUR, May 25 — The ringgit closed a little changed against the US dollar today on lack of fresh buying interest, said a dealer. At 6pm, the local unit was quoted at...

  • E&O notches higher earnings, revenue

    1 day ago

    E&O notches higher earnings, revenue

    KUALA LUMPUR, May 25 — Lifestyle property developer Eastern & Oriental Bhd’s (E&O) net profit rose to RM116.26 million in the financial year ended March 31, 2018 from...

  • Bursa snaps three-day loss to end higher

    2 days ago

    Bursa snaps three-day loss to end higher

    KUALA LUMPUR, May 25 — Bursa Malaysia snapped three days of losses to close higher today on renewed buying interest as the over-reaction to the national debt level...

  • CIMB Group, Principal complete equity realignment

    2 days ago

    CIMB Group, Principal complete equity realignment

    KUALA LUMPUR, May 25 — CIMB Group Holdings Bhd announced today the completion of its shareholding realignment with Principal Financial Group (Principal) in CIMB-Principal joint...

  • Oil prices fall as Russia floats gradual production increase

    2 days ago

    Oil prices fall as Russia floats gradual production increase

    SINGAPORE, May 25 — Oil prices fell today as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel Opec since 2017....

  • Asian currencies tentative as Trump stokes North Korea uncertainty

    2 days ago

    Asian currencies tentative as Trump stokes North Korea uncertainty

    SINGAPORE, May 25 — Emerging Asian currencies were tentative today as investors grappled with a range of factors, including easing oil prices, retreating US bond yields and US...