Money

  • Bursa Malaysia ends higher on continued buying momentum

    17 hours ago

    Bursa Malaysia ends higher on continued buying momentum

    KUALA LUMPUR, Sept 20 — Bursa Malaysia ended higher for the second consecutive day today on continued buying interest in selected heavyweights and finance counters, and in line...

  • European shares add to gains as trade war fears fade into background

    17 hours ago

    European shares add to gains as trade war fears fade into background

    LONDON, Sept 20 — European shares extended their rally today as investors set aside fears over a US-China trade war and focused instead on bullish macroeconomic and corporate...

  • Bombardier and MIGHT sign MoU to develop local expertise

    17 hours ago

    Bombardier and MIGHT sign MoU to develop local expertise

    KUALA LUMPUR, Sept 20 — Bombardier Transportation and Malaysian Industry-Government Group for High Technology (MIGHT) have signed a Memorandum of Understanding (MoU) to...

  • Felda appoints Othman Omar as new D-G

    17 hours ago

    Felda appoints Othman Omar as new D-G

    KUALA LUMPUR, Sept 20 — The Federal Land Development Authority (Felda) has appointed Datuk Dr Othman Omar as its Director-General, effective October 1. Othman, who was a former...

  • China plans import tariff cuts as soon as October, says report

    19 hours ago

    China plans import tariff cuts as soon as October, says report

    BEIJING, Sept 20 ― China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported today. In July, China...

  • Japan auto lobby says hopes Nafta will keep current framework

    19 hours ago

    Japan auto lobby says hopes Nafta will keep current framework

    TOKYO, Sept 20 ― Japan's automakers' association said today it hoped that the North American Free Trade Agreement (Nafta) would maintain its current framework as the United...

  • Bursa Malaysia ends morning session higher

    20 hours ago

    Bursa Malaysia ends morning session higher

    KUALA LUMPUR, Sept 20 ― Bursa Malaysia ended the morning session on positive note, with the key composite index rising 0.23 per cent and in line with positive sentiment among...

  • People should prepare for 20 years of China-US trade war, says Alibaba's Jack Ma

    22 hours ago

    People should prepare for 20 years of China-US trade war, says Alibaba's Jack Ma

    TIANJIN (China), Sept 20 ― Jack Ma, co-founder of Chinese e-tech giant Alibaba Group Holding Ltd, said today that people should make preparations for 20 years of China-US trade...

  • Philippines spending spree fades as inflation hurts even foreign cash earners

    23 hours ago

    Philippines spending spree fades as inflation hurts even foreign cash earners

    SANTA ROSA VILLAGE (Philippines), Sept 20 ― Liezel Carada, who relies entirely on her husband's earnings as a dishwasher in Italy, has seen her income grow sharply thanks to a...

  • Bloomberg: Volkswagen pulls out of Iran, according to US official

    23 hours ago

    Bloomberg: Volkswagen pulls out of Iran, according to US official

    TEHRAN, Sept 20 ― Volkswagen AG will end almost of all its operations in Iran, Bloomberg reported yesterday, citing a US official who led the discussions with the carmaker. The...

  • Ringgit strengthens against US dollar at opening

    1 day ago

    Ringgit strengthens against US dollar at opening

    KUALA LUMPUR, Sept 20 ― The ringgit strengthened against the US dollar today on an improved risk appetite and sentiment amid stronger crude oil prices, dealers said. At 9am, the...

  • Bursa Malaysia extends gains to open higher

    1 day ago

    Bursa Malaysia extends gains to open higher

    KUALA LUMPUR, Sept 20 ― Share prices on Bursa Malaysia extended gains from yesterday to open higher today on continued buying in selected heavyweights and despite the mixed...

  • Dollar near seven-week low as markets look past trade woes, pound eyes EU summit

    1 day ago

    Dollar near seven-week low as markets look past trade woes, pound eyes EU summit

    TOKYO, Sept 20 ― The dollar hovered near a seven-week low against a basket of major currencies, in part as safe-haven demand for the US currency ebbed on relief that tariffs the...

  • Asian markets follow global shares higher, trade war still in focus

    1 day ago

    Asian markets follow global shares higher, trade war still in focus

    SHANGHAI, Sept 20 ― Asian stocks rose in early trade today following a second day of gains on global share markets amid easing investor concern over the impact from the US-China...

  • US judge dismisses GM ignition switch criminal case

    1 day ago

    US judge dismisses GM ignition switch criminal case

    WASHINGTON, Sept 20 ― A federal judge in New York yesterday dismissed a criminal case brought against General Motors Co in 2015 over the largest US automaker's handling of an...

  • Alibaba's Ma says one million US jobs pledge thwarted by trade row

    1 day ago

    Alibaba's Ma says one million US jobs pledge thwarted by trade row

    HONG KONG, Sept 20 ― Alibaba founder Jack Ma said his ambitious pledge to create one million jobs in the US had been scuppered by the trade row between Beijing and Washington,...

  • Facebook yet to comply with EU consumer rules, Airbnb in line, say EU sources

    1 day ago

    Facebook yet to comply with EU consumer rules, Airbnb in line, say EU sources

    BRUSSELS, Sept 20 ― Facebook may face sanctions because it has yet to comply with EU consumer rules while Airbnb has made the necessary changes in response to regulatory...

  • What sector overhaul means for tech stocks, Wall Street

    1 day ago

    What sector overhaul means for tech stocks, Wall Street

    NEW YORK, Sept 20 ― The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that...

  • Trade talk hopes drive European shares up as miners and autos shine

    1 day ago

    Trade talk hopes drive European shares up as miners and autos shine

    LONDON, Sept 20 ― A rally in European shares extended for a second day yesterday thanks to gains in trade-sensitive mining and autos stocks as investors saw a China-US trade war...

  • China and US energy officials tout cooperation, despite tariffs

    1 day ago

    China and US energy officials tout cooperation, despite tariffs

    HOUSTON, Sept 20 ― Energy trade with China will remain strong in the long term, officials said on Wednesday at a Sino-US oil and gas forum in Houston, even as an escalating...

  • US, China have lots of 'ammunition' and trade spat could escalate, says WTO chief

    1 day ago

    US, China have lots of 'ammunition' and trade spat could escalate, says WTO chief

    RIO DE JANEIRO, Sept 20 ― The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have,...

  • Global stocks rally for a second day, setting aside trade fears

    1 day ago

    Global stocks rally for a second day, setting aside trade fears

    NEW YORK, Sept 20 ― World stock markets rallied for a second straight day yesterday, while safe-haven assets such as US bonds and the Japanese yen slipped to multi-week lows on...

  • S&P 500, Dow up as rising treasury yields boost banks

    1 day ago

    S&P 500, Dow up as rising treasury yields boost banks

    NEW YORK, Sept 20 ― The S&P 500 and the Dow Jones industrial average rose yesterday, with the Dow hitting its highest closing level since late January as rising Treasury...

  • EU weighs new anti-trust offensive against Amazon

    1 day ago

    EU weighs new anti-trust offensive against Amazon

    BRUSSELS, Sept 19 — The EU’s powerful anti-trust authority launched a preliminary investigation today into Amazon’s use of data it collects from other retailers on its...

  • EU warns Britain it must ‘rework’ Brexit plans

    1 day ago

    EU warns Britain it must ‘rework’ Brexit plans

    SALZBURG, Sept 19 — EU Council President Donald Tusk issued a stark warning to Britain on today that its Brexit position must be “reworked”, as Prime Minister Theresa May...

  • Canada minister wears ‘Keep calm and negotiate Nafta’ to Washington talks

    1 day ago

    Canada minister wears ‘Keep calm and negotiate Nafta’ to Washington talks

    OTTAWA, Sept 19 — Canada’s Foreign Minister Chrystia Freeland, showing off her waggish side, wore a t-shirt with the words “Keep calm and negotiate Nafta” on it to...

  • EU unveils Asia infrastructure plan, denies rivalry with China

    1 day ago

    EU unveils Asia infrastructure plan, denies rivalry with China

    BRUSSELS, Sept 19 — The European Commission proposed today a foreign policy plan to improve transport, energy and digital infrastructure links with Asia but denied seeking to...

  • US stocks mostly higher as trade fights churn

    1 day ago

    US stocks mostly higher as trade fights churn

    NEW YORK, Sept 19 — Wall Street stocks were mostly higher early today, taking a broadly benign view of lingering trade fights, including the escalating US-China battle. About 15...

  • Germany mulls fund to fend off Chinese tech takeovers, says source

    1 day ago

    Germany mulls fund to fend off Chinese tech takeovers, says source

    BERLIN, Sept 19 — The German government is taking steps to counter a surge in Chinese bids for stakes in German technology companies, including the creation of a billion-euro...

  • EU says McDonald’s tax deals with Luxembourg legal

    1 day ago

    EU says McDonald’s tax deals with Luxembourg legal

    BRUSSELS, Sept 19 — The European Union today ended a long-running investigation into the tax arrangements between US fast food giant McDonald’s and Luxembourg, finding the...