Money

  • May urges Europe to set date for post Brexit trade deal

    2 days ago

    May urges Europe to set date for post Brexit trade deal

    LONDON, Dec 14 ― Theresa May told fellow EU leaders yesterday that she can get their Brexit divorce deal past British lawmakers if they promise new sweeteners ― such as a...

  • Sterling's gains fizzle on Brexit concerns

    2 days ago

    Sterling's gains fizzle on Brexit concerns

    LONDON, Dec 13 ― Sterling gave up most of the gains it made after Prime Minister Theresa May survived a no-confidence vote overnight as signs that the British parliament was...

  • Brexit-sensitive British stocks wilt as worries return after PM vote

    2 days ago

    Brexit-sensitive British stocks wilt as worries return after PM vote

    LONDON, Dec 13 ― Britain's Brexit-sensitive domestic stocks fell yesterday as investors decided Prime Minister Theresa May's victory in a leadership challenge clarified little...

  • Stocks lose steam as trade hopes fade, euro dips after ECB

    2 days ago

    Stocks lose steam as trade hopes fade, euro dips after ECB

    NEW YORK, Dec 13 ― A gauge of world equities gave up early gains and turned negative yesterday, continuing a pattern seen for the past several sessions, while the euro eased...

  • US stocks rise as ECB cuts growth forecasts

    2 days ago

    US stocks rise as ECB cuts growth forecasts

    NEW YORK, Dec 13 — Wall Street opened higher today, moving hesitantly after the European Central Bank trimmed growth forecasts and announced the end of a multi-trillion-euro...

  • Renault board maintains Ghosn as CEO, says pay was legal

    2 days ago

    Renault board maintains Ghosn as CEO, says pay was legal

    PARIS, Dec 13 — The board of the French automaker Renault said today that it was keeping Carlos Ghosn as its chief executive, after an internal review of his pay package found...

  • US weekly jobless claims near 49-year low; import prices fall

    2 days ago

    US weekly jobless claims near 49-year low; import prices fall

    WASHINGTON, Dec 13 — The number of Americans filing applications for jobless benefits tumbled to near 49-year lows last week, which could ease concerns about a slowdown in the...

  • FT: Qualcomm to file suits in Chinese courts to ban sales of iPhone XS and XR

    2 days ago

    FT: Qualcomm to file suits in Chinese courts to ban sales of iPhone XS and XR

    BEIJING, Dec 13 — Qualcomm Inc is asking courts in China to ban sales of Apple Inc’s latest iPhone models XS and XR after winning a preliminary injunction against older...

  • Sources: Carlsberg, United Breweries plead leniency in India beer cartel probe

    2 days ago

    Sources: Carlsberg, United Breweries plead leniency in India beer cartel probe

    NEW DELHI, Dec 13 — Denmark’s Carlsberg and India’s United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer...

  • SC welcomes Malaysia’s improved ranking in corporate governance

    2 days ago

    SC welcomes Malaysia’s improved ranking in corporate governance

    KUALA LUMPUR, Dec 13 — The Securities Commission Malaysia (SC) is encouraged by the recognition of Malaysia’s initiatives to improve corporate governance, which was a result...

  • 2 days ago

    Vertice to sell 60pc stake in Kumpulan Voir for RM32.62m

    KUALA LUMPUR, Dec 13 — Vertice Bhd has proposed to sell a 60 per cent stake in its wholly-owned subsidiary, Kumpulan Voir Sdn Bhd, to its Executive Deputy...

  • Ringgit higher against US dollar

    2 days ago

    Ringgit higher against US dollar

    KUALA LUMPUR, Dec 13 — The ringgit closed higher against the US dollar today, as markets remain buffeted by positive signs on the US-China trade front, said...

  • Apple to build US$1b campus in Texas

    2 days ago

    Apple to build US$1b campus in Texas

    WASHINGTON, Dec 13 — Apple announced today it will build a US$1 billion (RM4.18 billion) campus in Texas as part of a nationwide expansion. The facility will be less than a mile...

  • Politburo: China to keep 2019 growth within reasonable range

    2 days ago

    Politburo: China to keep 2019 growth within reasonable range

    BEIJING, Dec 13 — China will keep its economic growth within a reasonable range next year, striving to support jobs, trade and investment while pushing reforms and curbing...

  • Positive sentiment drives Bursa Malaysia higher

    2 days ago

    Positive sentiment drives Bursa Malaysia higher

    KUALA LUMPUR, Dec 13 — Bursa Malaysia closed firmer for the second consecutive day, in tandem with the uptrend in regional bourses, prompted by the easing trade...

  • Sterling rises after PM May survives vote, turns to Brussels for help on Brexit

    2 days ago

    Sterling rises after PM May survives vote, turns to Brussels for help on Brexit

    LONDON, Dec 13 — Sterling rose today after Prime Minister Theresa May survived a no confidence vote from her party but investors said the currency’s gains could quickly...

  • IEA: Lower oil prices help grease economic activity

    2 days ago

    IEA: Lower oil prices help grease economic activity

    PARIS, Dec 13 — The threat of an all-out trade war has dampened the outlook for the global economy, but the recent drop in oil prices should support demand, the International...

  • 2 days ago

    IJM Corp sees better performance from construction division in mid-2019

    KUALA LUMPUR, Dec 13 — IJM Corporation Bhd expects its construction division to perform better from the second half of next year as its current projects are...

  • Asian markets build on trade optimism, pound faces pressure

    2 days ago

    Asian markets build on trade optimism, pound faces pressure

    HONG KONG, Dec 13 — Asian markets enjoyed more gains today as investors are cheered by the more conciliatory noises from China and the US on trade, while uncertainty over Brexit...

  • China commerce ministry would welcome US trade delegation visit

    2 days ago

    China commerce ministry would welcome US trade delegation visit

    BEIJING, Dec 13 — China and the United States are in close contact over trade, and any US trade delegation would be welcome to visit, a commerce ministry spokesman said today....

  • ECB to keep buying debt well into future

    2 days ago

    ECB to keep buying debt well into future

    FRANKFURT AM MAIN, Dec 13 — The European Central Bank is widely expected to end today the “quantitative easing” (QE) programme that has seen it pump €2.6 trillion (RM12.4...

  • MVV 2.0 will be rejuvenated to promote hi-tech industries

    2 days ago

    MVV 2.0 will be rejuvenated to promote hi-tech industries

    SEREMBAN, Dec 13 — The plan to develop Negri Sembilan through Malaysia Vision Valley 2.0 (MVV 2.0) will receive a breath of fresh air to enable the government to...

  • Malaysia Airports handles 89.8m passengers for Jan-Nov this year

    2 days ago

    Malaysia Airports handles 89.8m passengers for Jan-Nov this year

    SEPANG, Dec 13 — Malaysia Airports Holdings Bhd’s (MAHB) operating airports in Malaysia saw 89.8 million passenger arrivals from January to November this year....

  • Japan plans tighter regulation of tech giants

    3 days ago

    Japan plans tighter regulation of tech giants

    TOKYO, Dec 13 — Japan is planning to tighten regulation of tech giants like Google and Facebook after an expert panel called for better oversight on competition and privacy, an...

  • Zainal Abidin Ahmad named new Perodua CEO

    3 days ago

    Zainal Abidin Ahmad named new Perodua CEO

    KUALA LUMPUR, Dec 13 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has appointed Datuk Zainal Abidin Ahmad as its new Chief Executive Officer (CEO),...

  • Ringgit opens higher on heightened demand

    3 days ago

    Ringgit opens higher on heightened demand

    KUALA LUMPUR, Dec 13 — The ringgit was slightly higher against the US dollar this morning on better demand for the local note. At 9.18am, the local note...

  • Bursa opens higher on positive global sentiment

    3 days ago

    Bursa opens higher on positive global sentiment

    KUALA LUMPUR, Dec 13 — Bursa Malaysia extended gains from yesterday to open higher this morning, lifted up by positive sentiment globally and amid hopes of progress in...

  • Nissan to boost external board seats, set up compensation committee, source says

    3 days ago

    Nissan to boost external board seats, set up compensation committee, source says

    TOKYO, Dec 13 — Nissan Motor Co Ltd plans to boost the number of external board members and set up a committee to oversee compensation as part of its effort to improve...

  • China makes first major buy of US soybeans since Trump-Xi meet

    3 days ago

    China makes first major buy of US soybeans since Trump-Xi meet

    BEIJING, Dec 13 — China yesterday bought at least 500,000 tonnes of US soybeans in its first major purchase of the oilseed since US President Donald Trump and his Chinese...

  • EU-Japan free trade deal cleared for early 2019 start

    3 days ago

    EU-Japan free trade deal cleared for early 2019 start

    STRASBOURG, Dec 13 — The European Union and Japan will launch the world’s largest free trade zone early next year after their economic partnership cleared a final hurdle...