Money

  • Trump slams EU over US$5b fine on Google

    1 day ago

    Trump slams EU over US$5b fine on Google

    WASHINGTON, July 19 ― US President Donald Trump today criticised the European Union and said the bloc was taking advantage of the United States, pointing to the record US$5...

  • 1 day ago

    Oil slides near US$68 as US crude stocks expand, petrol drops

    NEW YORK, July 19 ― Oil slipped toward US$68 (RM277) a barrel after mixed US government data sowed uncertainty about the strength of demand in the biggest fuel-consuming nation....

  • US futures drop on disappointing earnings, trade tensions

    1 day ago

    US futures drop on disappointing earnings, trade tensions

    NEW YORK, July 19 ― Disappointing earnings from eBay and American Express pushed US stock index futures lower today, while trade tensions rose on news the European Union is...

  • Dollar stays strong as China grabs for stimulus levers

    1 day ago

    Dollar stays strong as China grabs for stimulus levers

    LONDON, July 19 ― The dollar stayed strong but stocks wobbled and metal markets buckled badly today, as signs that China was resorting to credit-fuelled stimulus again helped...

  • AirAsia and Airbus to explore developing aeronautical centre

    1 day ago

    AirAsia and Airbus to explore developing aeronautical centre

    KUALA LUMPUR, July 19 ― Local airline AirAsia and international aeronautics company Airbus have started talks to explore jointly developing an industrial aeronautical centre in...

  • Ringgit closes lower against US dollar

    1 day ago

    Ringgit closes lower against US dollar

    KUALA LUMPUR, July 19 ― The ringgit ended lower against the US dollar today on lack of buying interest and in line with regional currencies amid worries over escalating trade...

  • EU warns it will retaliate if US imposes 'disastrous' auto tariffs

    1 day ago

    EU warns it will retaliate if US imposes 'disastrous' auto tariffs

    BRUSSELS, July 19 ― The European Union will retaliate if US President Donald Trump imposes “disastrous” tariffs on automobiles, EU trade commissioner Cecilia Malmstrom...

  • Bursa Malaysia closes higher

    1 day ago

    Bursa Malaysia closes higher

    KUALA LUMPUR, July 19 ― Bursa Malaysia closed higher today for the ninth consecutive day with small-capitalised (cap) as well as mid-sized cap conventional and shariah-related...

  • Volvo shifts production to avoid tariffs, chases record sales

    1 day ago

    Volvo shifts production to avoid tariffs, chases record sales

    PARIS, July 19 ― Volvo Cars is juggling production of its top-selling SUV to avoid US import tariffs, Chief Executive Hakan Samuelsson told Reuters today, as the Swedish...

  • IRDA attracts RM10.9b investments in first half of 2018

    1 day ago

    IRDA attracts RM10.9b investments in first half of 2018

    JOHOR BARU, July 19 ― The Iskandar Regional Development Authority (IRDA) attracted cumulative investments of RM10.9 billion in the first six months of this year. Johor Mentri...

  • AirAsia set to confirm and expand A330neo order, sources say

    1 day ago

    AirAsia set to confirm and expand A330neo order, sources say

    FARNBOROUGH (England), July 19 ― Malaysia's AirAsia Group Bhd is set to confirm and expand an order for A330neo long-haul passenger jets, according to sources, handing European...

  • Investors bet on long-term dollar strength after Fed comments, greenback rises

    1 day ago

    Investors bet on long-term dollar strength after Fed comments, greenback rises

    LONDON, July 19 ― The dollar rose today after upbeat comments on the US economy by the Federal Reserve's chairman reinforced expectations by investors of the currency's...

  • China to use 'counter-cyclical' measures to curb FX volatility

    1 day ago

    China to use 'counter-cyclical' measures to curb FX volatility

    BEIJING, July 19 ― China's foreign-exchange regulator said today it was well-equipped to keep currency markets stable amid intensifying trade frictions with the United States...

  • Sterling slips towards US$1.30 as retail sales data eyed

    1 day ago

    Sterling slips towards US$1.30 as retail sales data eyed

    LONDON, July 19 ― Sterling dived below US$1.30 (RM5.28) for the first time in 10 months today, sent lower by weak economic data, a resurgent dollar and uncertainty about how...

  • Spain, France prep debt sales in ‘expensive’ euro zone bond market

    1 day ago

    Spain, France prep debt sales in ‘expensive’ euro zone bond market

    LONDON, July 19 ― Two of the euro zone's largest sellers of bonds are preparing debt sales at a time when their borrowing costs are close to their lowest in weeks relative to...

  • G20 industry groups press governments to defend free trade

    1 day ago

    G20 industry groups press governments to defend free trade

    BERLIN, July 19 — A self-styled “Global Business Coalition” of industry groups has urged the Group of 20 leading economies to counter threats to global free trade. US...

  • Business optimism in Malaysia rose to 52pc in Q2, report finds

    1 day ago

    Business optimism in Malaysia rose to 52pc in Q2, report finds

    KUALA LUMPUR, July 19 — Business optimism in Malaysia leapt 24 percentage points (pp) to 52 per cent in the second quarter (Q2) of this year, from 28 per cent in the...

  • Online recruiter says hiring grew sharpest in O&G, tech to rise

    1 day ago

    Online recruiter says hiring grew sharpest in O&G, tech to rise

    KUALA LUMPUR, July 19 — Employment in the oil and gas sector grew the most in May this year at 14 per cent, according to Monster.com. At the same time, the online recruitment...

  • Business isn’t just about profit, Chinese chambers tell young entrepreneurs

    1 day ago

    Business isn’t just about profit, Chinese chambers tell young entrepreneurs

    KUALA LUMPUR, July 19 — Young entrepreneurs need to understand the importance of a business model if they want to thrive, the Associated Chinese Chambers of Commerce and...

  • Malaysia’s broadband market to get more competitive under Pakatan, says Fitch unit

    2 days ago

    Malaysia’s broadband market to get more competitive under Pakatan, says Fitch unit

    KUALA LUMPUR, July 19 — Telekom Malaysia’s (TM) dominance over the country’s broadband market will be cut and its earnings halved as the Pakatan Harapan (PH) government...

  • Billionaire James Packer quits 22 boards, deepens corporate withdrawal

    2 days ago

    Billionaire James Packer quits 22 boards, deepens corporate withdrawal

    SYDNEY, July 19 — Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country,...

  • Ringgit opens higher as oil prices rise

    2 days ago

    Ringgit opens higher as oil prices rise

    KUALA LUMPUR, July 19 — The ringgit opened slightly higher against the US dollar today as the risk appetite of investors improved following the rise in crude oil prices. ...

  • Bursa opens higher on positive Wall Street performance

    2 days ago

    Bursa opens higher on positive Wall Street performance

    KUALA LUMPUR, July 19 — Bursa Malaysia opened on a positive note as traders’ optimism was spurred by Wall Street’s higher overnight performance, said dealers.  At...

  • Experts: Positive economic growth in Q3 after zero GST

    2 days ago

    Experts: Positive economic growth in Q3 after zero GST

    PETALING JAYA, July 19 — Experts anticipate the economic growth in the third-quarter (Q3) of 2018 to be positive due to the rise in consumer spending power, after the Goods and...

  • US tariffs could raise auto prices by US$83b, trade group says

    2 days ago

    US tariffs could raise auto prices by US$83b, trade group says

    WASHINGTON, July 19 — A group representing major automakers will tell the US Commerce Department today that imposing tariffs of 25 per cent on imported cars and parts would...

  • Fed chief says US businesses already hurt by tariffs

    2 days ago

    Fed chief says US businesses already hurt by tariffs

    WASHINGTON, July 19 — US businesses already are being hurt by the exchange of tariffs on key products, Federal Reserve Chairman Jerome Powell said yesterday. However, he...

  • Russia exits list of biggest US government debt holders

    2 days ago

    Russia exits list of biggest US government debt holders

    NEW YORK, July 19 — Russia has exited the list of the biggest foreign holders of US government debt, according to Treasury Department data released this week. In May, Russia...

  • UK to consult public on possible bid to join Pacific trade pact

    2 days ago

    UK to consult public on possible bid to join Pacific trade pact

    LONDON, July 19 — British Trade Minister Liam Fox said yesterday he will consult the public about a possible bid to join a Pacific trade group that includes Canada, Australia...

  • Dollar hits three-week high, gold sinks to year low

    2 days ago

    Dollar hits three-week high, gold sinks to year low

    NEW YORK, July 18 — The US dollar hit a three-week high today against a basket of major currencies in the wake of an upbeat view of the economy by the US Federal Reserve, while...

  • Nigeria announces new national airline

    2 days ago

    Nigeria announces new national airline

    LONDON, July 18 — The Nigerian government launched plans today to create new flag carrier airline Nigeria Air by the end of this year. Aviation minister Hadi Sirika revealed the...