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MNC Wireless, SPNB Dana extend deadline for joint venture

MNC Wireless, SPNB Dana extend deadline for joint venture

PETALING JAYA: MNC Wireless Bhd and SPNB Dana Sdn Bhd have agreed to take another three months to set up a business to provide short-term loans for down payments and differential sums for SPNB Dana affordable housing projects. In October 2017, MNC Wireless and SPNB signed a subscription and shareholder agreement (SSA) to form a […]

October 15, 2018 | By | Reply More
European stocks steady after Asian fall

European stocks steady after Asian fall

LONDON: Europe’s stock markets steadied today after Asian counterparts began the week strongly lower, with investors remaining in a gloomy mood after several days of market turbulence sparked by trade rows and a spat over the US central bank. European shares struggled for direction as traders wrestled with a cornucopia of risks, including higher oil […]

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Foreign funds sold RM1.05 billion net on Bursa last week

Foreign funds sold RM1.05 billion net on Bursa last week

PETALING JAYA: Foreign funds withdrew RM1.05 billion net funds from local equities last week, the largest weekly foreign net outflow in 16 weeks, amidst equity markets worldwide swimming in the red overarched by worries of rising US treasury yields. The 10-year US Treasury yield hit its highest since 2011. International investors, who were net sellers […]

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Computer says no to German stock market traders

Computer says no to German stock market traders

Traders work on the floor of the New York Stock Exchange (NYSE) (AFP pic) FRANKFURT: Germany’s main stock market in Frankfurt opened an hour late Monday, as a computer problem hobbled operator Deutsche Boerse’s Xetra computer system for the second time this year. “Trading only started at 10:00 am (0800 GMT) today” rather than 9:00 […]

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Asian stocks extend slide on plethora of risks

Asian stocks extend slide on plethora of risks

European shares struggled for direction in early exchanges as traders wrestled with a cornucopia of risks (AFP pic) TOKYO: Asian stocks started the week on the back foot Monday, with investors still in a gloomy mood after several days of market turbulence sparked by trade rows and a spat over the US central bank. Meanwhile, […]

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Bahrain minister backs boycott of Uber over Khashoggi case

Bahrain minister backs boycott of Uber over Khashoggi case

  Uber ride-hailing app. (Bloomberg pic) DUBAI: Bahrain’s foreign minister called for a boycott of the ride-hailing company Uber Technologies after its chief executive officer said he will not attend a business conference in the kingdom’s ally Saudi Arabia. Uber’s CEO Dara Khosrowshahi said in a statement last week he is pulling out of the […]

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Disney offers EU antitrust concessions over US$71.3 billion Fox deal

Disney offers EU antitrust concessions over US$71.3 billion Fox deal

The Disney store in New York’s Times Square in December. Photo: Getty Images North America via AFP pic) BRUSSELS: Walt Disney has offered concessions in an attempt to allay EU antitrust concerns over its US$71.3 billion bid for Twenty-First Century Fox Inc’s entertainment assets, the European Commission said on Monday. Disney submitted its proposal on […]

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Alibaba’s Jack Ma says in talks with Indonesia on tech training institute

Alibaba’s Jack Ma says in talks with Indonesia on tech training institute

Ma said he wanted to set up a Jack Ma Institute to train Indonesians on e-commerce and the Internet. (AFP pic) NUSA DUA: Jack Ma, executive chairman of China’s Alibaba Group Holding, said on Saturday he is discussing with Indonesia’s government the possibility of opening an institute to train tech entrepreneurs in the Southeast Asian […]

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Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

Malaysian ringgit notes against US dollar background KUALA LUMPUR: The ringgit closed lower against the US dollar on lack of demand as the greenback continued its rally ahead of the release of a currency report by the US Treasury this week. At 6pm, the local unit stood at 4.1540/1580 against the US dollar from 4.1530/1560 […]

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European stocks sink to 22-month low amid rising Saudi tensions

European stocks sink to 22-month low amid rising Saudi tensions

(AFP pic) LONDON: World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week. Asia had seen Japan’s Nikkei and China’s main bourses take fresh tumbles on trade and currency jitters and […]

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