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Oil prices hold gains after U.S. inventory drawdown
TOKYO: Oil prices clung to gains on Thursday after official data confirmed a big drop in U.S. crude inventories, helping ease concerns about weakening demand, but worries about wider economic growth held prices in check. U.S. crude was up by
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Abdul Rahman to become Sime Darby chairman in Oct
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) president and group chief executive officer (CEO) Datuk Abdul Rahman Ahmad will assume the role of chairman and non-independent non-executive director of Sime Darby Bhd after Tan Sri Dr Wan Abdul Aziz Wan Abdullah’s
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S’pore housing market ain’t enticing, Taiwan and Malaysia are
SINGAPORE: Singapore’s housing market isn’t turning out to be the beneficiary many may have thought from Hong Kong’s increasingly fraught protests. Instead, investors are looking to cheaper property markets like Malaysia, Thailand and Taiwan. “People here tend to think there
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Trump’s aggressive, mixed signals on China whiplash Wall Street
SAN FRANCISCO: US President Donald Trump’s aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of US companies that are most reliant on the world’s second largest economy. US stocks
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Asian stocks expected to rise
NEW YORK: Asian stocks are set to gain at the open Tuesday as the erratic trade narrative turned hopeful, lifting U.S. equities. The dollar strengthened while 10-year Treasury yields were little changed. Futures were higher in Tokyo and Sydney, with
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Gold prices in a 6-year high
BENGALURU: Gold prices scaled a fresh six-year high on Monday, as the latest tit-for-tat tariffs by the United States and China in their year-long trade war battered global equities and boosted demand for safe-have assets. Spot gold jumped 0.9% to
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Pondering over another Samurai bond
KUALA LUMPUR: Malaysia is studying another offer of Samurai bond from Japan, said Prime Minister Tun Dr Mahathir Mohamad. “Yes, Japan is making a very cheap loan available, now it will be even lower, so we are studying how we
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Malaysia can achieve higher growth with structural reforms
KUALA LUMPUR: Malaysia with its abundant natural resources and inherent economic strength is capable of achieving higher growth rate than now with more structural reforms, Bank Negara Malaysia (BNM) Governor, Datuk Nor Shamsiah Mohd Yunus said. “The global economy is
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Hong Kong stocks slump most in Asia, yuan falls to 11-year low
HONG KONG: Hong Kong stocks tumbled the most in Asia and the yuan weakened to an 11-year low amid concern over the intensifying trade war. The Hang Seng Index dropped 3% at 10:33 a.m. in Hong Kong, poised for its
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KLCI falls 1%; Asian markets slugged
KUALA LUMPUR: The FBM KLCI fell 1% at mid-morning as regional markets sank on escalating US-China trade war jitters. At 10.05am, the FBM KLCI fell 16.02 points to 1,593.31. Losers thumped gainers by 535 to 95, while 206 counters traded
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