Money

  • VW, Ford on course to announce automotive alliance

    1 day ago

    VW, Ford on course to announce automotive alliance

    DETROIT, Jan 15 — Volkswagen AG and Ford Motor Co are expected to unveil an alliance today that combines forces on commercial vehicles and is likely to expand into joint...

  • Germany at risk of recession but economists keep faith

    1 day ago

    Germany at risk of recession but economists keep faith

    FRANKFURT, Jan 15 — Germany will find out today if Europe's top economy ended 2018 in a technical recession, with fears over slowing momentum fuelling calls for Berlin to use...

  • Alaska officials probing BP oil, gas wells at Prudhoe Bay after spill

    1 day ago

    Alaska officials probing BP oil, gas wells at Prudhoe Bay after spill

    ANCHORAGE, Alaska, Jan 15 — Regulators in the US state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the...

  • RHB maintains 'buy' call for Petronas Chemicals

    1 day ago

    RHB maintains 'buy' call for Petronas Chemicals

    KUALA LUMPUR, Jan 15 — RHB Research has maintained the “buy” call on its top pick oil and gas counter, Petronas Chemicals Group Bhd (PCG), with a new target price of...

  • Bursa ends morning trade lower

    1 day ago

    Bursa ends morning trade lower

    KUALA LUMPUR, Jan 15 — The FTSE Bursa Malaysia KLCI (FBM KLCI) extended its earlier downtrend to close the morning session easier on the back of weak interest, seen mostly in...

  • Malaysia has potential to up textile exports to US

    1 day ago

    Malaysia has potential to up textile exports to US

    FRANKFURT, Jan 15 — Malaysia has the potential to increase exports of textiles to the United States (US) in light of its trade war with China. The textile industry, often...

  • China signals more stimulus as economic slowdown deepens

    1 day ago

    China signals more stimulus as economic slowdown deepens

    BEIJING, Jan 15 — China will aim to achieve “a good start” in the first quarter for the economy, the state planner said today, signalling authorities could roll out more...

  • Bursa Malaysia remains easier at mid-morning

    1 day ago

    Bursa Malaysia remains easier at mid-morning

    KUALA LUMPUR, Jan 15 ― The FTSE Bursa Malaysia KLCI (FBM KLCI) remained easier at mid-morning, bucking the trend on regional peers, as concerns over China’s economic growth...

  • FGV shares up on assets disposal move

    1 day ago

    FGV shares up on assets disposal move

    KUALA LUMPUR, Jan 15 — Shares of FGV Holdings Bhd on Bursa Malaysia rose this morning, after the plantation company said it planned to dispose of RM350 million worth of non-core...

  • Ford, VW call off joint Detroit appearance to announce alliance

    1 day ago

    Ford, VW call off joint Detroit appearance to announce alliance

    DETROIT, Jan 15 — The Detroit auto show was abuzz over what Ford and Volkswagen would announce today, after the car giants called off a joint appearance during which they were...

  • Ringgit a shade higher against US dollar in early trade

    1 day ago

    Ringgit a shade higher against US dollar in early trade

    KUALA LUMPUR, Jan 15 — The ringgit was higher against the US dollar in early trade, dealers said. At 9.10am, the ringgit stood at 4.0950/0990 compared to yesterday’s close of...

  • Bursa retreats at opening of trade

    1 day ago

    Bursa retreats at opening of trade

    KUALA LUMPUR, Jan 15 — Bursa Malaysia opened slightly lower this morning on the back of weak market sentiment as investors took cue from an easier Wall Street performance, amid...

  • PG&E prepares bankruptcy filing after California wildfires

    2 days ago

    PG&E prepares bankruptcy filing after California wildfires

    SAN FRANCISCO, Jan 15 — PG&E Corp, owner of the biggest US power utility by customers, said yesterday it is preparing to file for Chapter 11 bankruptcy protection as soon as...

  • Trump defends trade policies to farmers, vows fair deal with China

    2 days ago

    Trump defends trade policies to farmers, vows fair deal with China

    NEW ORLEANS, Jan 15 — US President Donald Trump yesterday defended his tough trade policies in front of thousands of farmers who have suffered because of his trade war with...

  • Asian shares on defensive, sterling braces for Brexit vote

    2 days ago

    Asian shares on defensive, sterling braces for Brexit vote

    TOKYO, Jan 15 — Asian shares were on back foot today as an unexpected drop in China's exports heightened worries about the global economy while the British pound braced for a...

  • Venezuela's Maduro hikes minimum wage as economy struggles

    2 days ago

    Venezuela's Maduro hikes minimum wage as economy struggles

    CARACAS, Jan 15 — Venezuelan President Nicolas Maduro yesterday raised the minimum wage by 300 per cent to 18,000 bolivars per month, around US$6.70 (RM27.40), as part of...

  • Trade war delays Chinese automaker GAC's entry into US

    2 days ago

    Trade war delays Chinese automaker GAC's entry into US

    DETROIT, Jan 15 — Chinese auto maker GAC will delay its entry into the US market until 2020 because of the trade war between Beijing and Washington, a company executive said...

  • Bangladesh garment workers stage protests, say pay rise insufficient

    2 days ago

    Bangladesh garment workers stage protests, say pay rise insufficient

    DHAKA, Jan 15 — Several thousand garment workers took to the streets in Bangladesh yesterday, rejecting a pay hike in the crucial export industry as insufficient, police and...

  • 'Zero coordination': Mexico's war on fuel theft risks economic chaos

    2 days ago

    'Zero coordination': Mexico's war on fuel theft risks economic chaos

    MEXICO CITY, Jan 15 — Conceived as a bold plan to attack corruption, a crackdown by Mexico's new president on rampant fuel theft has turned into a battle to prevent economic...

  • Trump says trade deal with China likely

    2 days ago

    Trump says trade deal with China likely

    WASHINGTON, Jan 15 — President Donald Trump said yesterday he expects to be able to reach a trade deal with China, which is feeling the impact of US tariffs. “We are doing...

  • Nissan CEO calls for Renault board to review Ghosn findings

    2 days ago

    Nissan CEO calls for Renault board to review Ghosn findings

    PARIS, Jan 15 — Nissan expects alliance partner Renault's board to back its ousting of Chairman Carlos Ghosn once it sees evidence from the Japanese carmaker's investigation,...

  • Safe-haven yen up vs US dollar after China slowdown sparks risk-off

    2 days ago

    Safe-haven yen up vs US dollar after China slowdown sparks risk-off

    NEW YORK, Jan 14 — A contraction in Chinese exports engendered fears of a slowdown in the world's second-largest economy, sparking a risk-off move yesterday which hurt the US...

  • Weak China trade weighs on global stocks, risk-off trade in play

    2 days ago

    Weak China trade weighs on global stocks, risk-off trade in play

    NEW YORK, Jan 15 — World stock indexes fell yesterday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors...

  • Securities Commission: Digital assets subject to anti-money laundering, counter-terrorism rules

    2 days ago

    Securities Commission: Digital assets subject to anti-money laundering, counter-terrorism rules

    KUALA LUMPUR, Jan 14 — Those dealing in digital assets will be required to put in place anti-money laundering and counter-terrorism financing rules, cyber security and business...

  • Pound hits seven-week high on eve of vital Brexit vote

    2 days ago

    Pound hits seven-week high on eve of vital Brexit vote

    LONDON, Jan 14 — The British pound today hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote...

  • Citigroup profits up but revenues dip in Q4

    2 days ago

    Citigroup profits up but revenues dip in Q4

    NEW YORK, Jan 14 — Lower expenses helped boost Citigroup's fourth-quarter earnings but heavy volatility dented revenues in some trading divisions, the bank reported today....

  • Aussie dollar, yuan fall on concerns about China slowdown

    2 days ago

    Aussie dollar, yuan fall on concerns about China slowdown

    LONDON, Jan 14 —The Australian dollar and kiwi dollar, gauges of global risk appetite, fell today on fears of a slowdown in China’s economy prompted by a contraction in...

  • Germany says Siemens-Alstom tie-up concessions not enough, according to reports

    2 days ago

    Germany says Siemens-Alstom tie-up concessions not enough, according to reports

    FRANKFURT, Jan 14 — Germany's market watchdog says concessions offered by Siemens and France's Alstom to secure a merger of their rail businesses are not enough to allay...

  • EU economy chief says 'difficult' to get digital tax deal

    2 days ago

    EU economy chief says 'difficult' to get digital tax deal

    PARIS, Jan 14 — The EU's Economic Affairs commissioner said today that it will be "difficult" for the bloc to agree unanimously on an EU-wide tax on high-tech giants by a...

  • Ringgit ends lower on lack of buying interest

    2 days ago

    Ringgit ends lower on lack of buying interest

    KUALA LUMPUR, Jan 14 — The ringgit closed lower against the US dollar today due to lack of buying interest as investors await Malaysia’s November unemployment rate...