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Volvo Cars CEO says auto tariffs threaten jobs at new US plant

Volvo Cars CEO says auto tariffs threaten jobs at new US plant

A new Volvo plant in South Carolina is likely to be affected by the proposed new tariffs stemming from the US-China trade dispute. Volvo has opened a new plant in South Carolina. (Reuters pic) MONCKS CORNER: China-owned Volvo Cars opened a new auto factory in South Carolina on Wednesday as company executives warned that the US-China […]

June 21, 2018 | By | Reply More
Persistent selling drags Bursa Malaysia lower

Persistent selling drags Bursa Malaysia lower

KUALA LUMPUR: Bursa Malaysia extended its downtrend today but closed off its intra-day low, primarily hit by continued foreign selling from the emerging markets. Inter-Pacific Securities Sdn Bhd Head of Research Pong Teng Siew said the foreign withdrawals across the emerging markets were mainly due to the recent rise of the US dollar and the […]

June 21, 2018 | By | Reply More
Trade war piles pain on China-exporter emerging markets

Trade war piles pain on China-exporter emerging markets

The pain is evident in raw material prices. The Bloomberg Commodity Index has slumped 4.2% this month, its worst performance since July 2016, while the London Metal Exchange LMEX Index was down 5.8% in the five days through Wednesday. (Bloomberg pic) LAGOS: Just when it looked like things couldn’t get much worse for emerging markets, […]

June 21, 2018 | By | Reply More
EU to impose duties on US imports on Friday after Trump tariffs

EU to impose duties on US imports on Friday after Trump tariffs

The move is a response to new US tariffs imposed on EU steel and aluminium by President Donald Trump. The US and EU have imposed mutual tariffs. (Reuters pic) BRUSSELS: The European Union will begin charging import duties of 25% on a range of US products on Friday, in response to US tariffs imposed on […]

June 21, 2018 | By | Reply More
Carlyle raises US$6.55 billion for new Asia fund

Carlyle raises US$6.55 billion for new Asia fund

Carlyle Group’s private equity fund will seek buyout and strategic investment opportunities across a wide range of sectors in the region. The Carlyle Group is seeking to increase its scope of influence in Asia. (Reuters pic) HONG KONG: Carlyle Group said on Thursday it had raised US$6.55 billion (RM26.294 billion) for its Asia private equity fund, […]

June 21, 2018 | By | Reply More
Bankrupt Suniva wants to abandon solar panels

Bankrupt Suniva wants to abandon solar panels

Suniva filed for Chapter 11 bankruptcy in April 2017. Suniva is seeking bankruptcy court approval to abandon its inventory of solar panels. (Reuters pic) DOVER: A US solar company that convinced Washington to impose protective tariffs on cheap imports to help it survive is seeking bankruptcy court approval to abandon its inventory of solar panels […]

June 21, 2018 | By | Reply More
Malaysian Business Have Potential to Expand Overseas Despite HR Challenges

Malaysian Business Have Potential to Expand Overseas Despite HR Challenges

Specialist professional recruitment firm Robert Walters releases a whitepaper titled How to attract and retain the right talent to grow your business internationally. The report, with the intent to serve as a guide for the Malaysian (and Asian) companies, identifies and analyses the human resources challenges faced by Malaysian companies looking to grow internationally. These […]

June 21, 2018 | By | Reply More
Dollar gains, bonds drift as emerging assets slide: Markets wrap

Dollar gains, bonds drift as emerging assets slide: Markets wrap

European equities gained alongside US futures, while emerging-market stocks slid. An investor stands at a trading terminal in front of electronic stock boards at a securities brokerage in Shanghai, China, on Friday, June 9, 2017. (Bloomberg pic) SYDNEY: The dollar strengthened on Thursday, once again hitting the highest in almost a year, as investors continued […]

June 21, 2018 | By | Reply More
Zurich Malaysia launches SureCover plans

Zurich Malaysia launches SureCover plans

Zurich Malaysia introduces Zurich SureCover and Takaful SureCover, both of which are life protection plans that offer customers hassle-free application and affordable coverage from as low as RM75 a month. Its guaranteed acceptance feature allows customers to secure these plans regardless of their health conditions and occupation classes. Industry statistics have shown that the insurance […]

June 21, 2018 | By | Reply More
Starbucks blames slower China growth on drop in third-party delivery orders

Starbucks blames slower China growth on drop in third-party delivery orders

The US cafe chain on Tuesday same-store sales would be flat to slightly negative in its second-biggest market in April-June, versus 7% growth a year earlier. Visitors exiting a Starbucks store in China. (Reuters pic) SHANGHAI: Starbucks Corp has reported a sudden slowdown in China growth just weeks after trumpeting rapid expansion in the country, […]

June 21, 2018 | By | Reply More