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EU summit takes Brexit battle into final straight

EU summit takes Brexit battle into final straight

Anti-Brexit demonstrators wave EU and Union flags opposite the Houses of Parliament, in London, Britain, June 19, 2018. (Reuters pic) BRUSSELS: European leaders meet Wednesday in Austria for a summit to put summer tensions over migration behind them and to set up the last stretch of talks for a Brexit deal. The European Union’s top […]

September 19, 2018 | By | Reply More
Asian markets ride positive wave on hopes of trade resolution

Asian markets ride positive wave on hopes of trade resolution

Investors have been cheered by hopes China and the US will reach an agreement to avoid a trade war, despite the latest tit-for-tat tariffs. (AFP pic) HONG KONG: Asian markets rose Wednesday as new tit-for-tat tariffs by China and the United States were seen as lighter than feared, while there are hopes the two sides […]

September 19, 2018 | By | Reply More
Moody’s maintains stable outlook for Malaysian banks

Moody’s maintains stable outlook for Malaysian banks

KUALA LUMPUR: Moody’s Investors Service has maintained its stable outlook for Malaysia’s banking system this year in view of the continuous robust operating conditions in the country. Financial Institutions Group vice-president and senior analyst Simon Chen said the projection was also based on the stable fundamentals of Malaysian banks, stable asset quality trend, as well […]

September 19, 2018 | By | Reply More
Tesla is facing US criminal probe over Elon Musk statements

Tesla is facing US criminal probe over Elon Musk statements

Elon Musk of Tesla (Bloomberg pic) WASHINGTON: Tesla Inc is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators. Federal prosecutors opened a […]

September 19, 2018 | By | Reply More
Nikkei hits near 8-mth high, Topix also jumps; insurers rally after US yields rise

Nikkei hits near 8-mth high, Topix also jumps; insurers rally after US yields rise

Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. (Reuters pic) TOKYO: Japan’s Nikkei extended its gains to near eight-month highs on Wednesday as investors took heart from a strong performance in Wall Street despite lingering trade war concerns, with financial stocks rallying after […]

September 19, 2018 | By | Reply More
Govt weighs debt issuance, asset sales to meet financing needs

Govt weighs debt issuance, asset sales to meet financing needs

KUALA LUMPUR: The government today said it would consider a combination of new debt issuance and asset sales to meet its short-term financing needs after a scrapped consumption tax which is expected to leave a revenue shortfall. The Pakatan Harapan government led by Dr Mahathir Mohamad removed the unpopular goods and services tax just weeks […]

September 19, 2018 | By | Reply More
Oil’s near US$79 as Saudis indicate comfort with higher prices

Oil’s near US$79 as Saudis indicate comfort with higher prices

Barrels are stacked in a warehouse at the American Refining Group, Inc in Bradford, Pennsylvania. (Reuters pic) SINGAPORE: Brent oil traded near the highest level in a week after Saudi Arabia was said to be content with the global benchmark crude breaking above US$80 (RM331) a barrel. Futures in London were little changed near US$79 […]

September 19, 2018 | By | Reply More
Asian markets ride positive wave on hopes for trade resolution

Asian markets ride positive wave on hopes for trade resolution

Hong Kong street art at Sham Shui Po, Hong Kong. (Reuters pic) HONG KONG: Asian markets rose Wednesday as tit-for-tat tariffs by China and the United States were considered lighter than feared, while there are hopes the two sides can eventually hammer out a deal to avert an all-out trade war. Donald Trump on Monday […]

September 19, 2018 | By | Reply More
Singapore issues warning on Bitcoin fraud

Singapore issues warning on Bitcoin fraud

A cryptocurrency mining computer is seen in front of bitcoin logo during the annual Computex computer exhibition in Taipei. SINGAPORE: Singapore today warned members of the public of a fraudulent website soliciting investments in Bitcoins using fabricated comments attributed to Monetary Authority of Singapore (MAS) Chairman, Tharman Shanmugaratnam. Tharman is also the deputy prime minister […]

September 19, 2018 | By | Reply More
Oil prices fall amid surprise growth in US crude stocks

Oil prices fall amid surprise growth in US crude stocks

Traders work in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange. (Reuters pic) BEIJING, Sept 19 (Reuters) – Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in US crude stockpiles. Brent crude futures had dropped […]

September 19, 2018 | By | Reply More