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Asian shares waver as Hong Kong tensions spoil the festive mood
Asian share markets wobbled today as concerns that tensions over Hong Kong may stymie a US-China trade deal cast a pall over Thanksgiving cheer from positive US economic data. US President Donald Trump yesterday signed into law legislation backing pro-democracy
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Oil slips as US stocks rise, but hopes for US-China trade deal stem losses
Oil eased today following an industry report showing a surprise build in US crude stockpiles, but hopes surrounding the signing of the first phase of a US-China trade deal prevented a bigger drop in prices. Brent crude futures LCOc1 dropped
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Asian shares climb on Trump trade deal comments
Asian shares rose today as upbeat signals from Sino-US trade talks fanned hopes of an easing of tariff hostilities, while expectations the Federal Reserve will keep interest rates low supported sentiment. The positive mood pushed Wall Street indexes to fresh
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Hong Kong to strengthen business ties with Malaysia
KUALA LUMPUR: Hong Kong aims to strengthen its business ties with Malaysia by capitalising on the growing opportunities under the Belt and Road Initiative through the visit of its high-level business and professional delegation which ended today. Hong Kong Special
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Lim: Government may set up a housing loan bank
KUALA LUMPUR: The government is considering a proposal to set up a special bank to ease the process of loans application for affordable and low-cost housing, the Dewan Rakyat was told today. However, Finance Minister Lim Guan Eng said the
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Khazanah sells stakes worth RM5.66 billion, including in Alibaba
Malaysia’s sovereign wealth fund Khazanah Nasional Bhd has sold stakes worth RM5.66 billion (US$ 1.36 billion) in seven foreign firms including Alibaba Group Holding Ltd in the first 16 months of the current government, a minister said. Khazanah, which made
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Matrade identifies products to fill in gaps due to trade conflict
KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) has identified various Malaysian products that could potentially fill in the gaps arising from the United States-China trade conflict. Deputy chief executive officer Mohd Mustafa Abdul Aziz said the product categories include
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Aramco IPO: Thanks but no thanks, says Petronas
KUALA LUMPUR/LONDON: With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia’s state energy company Petronas [PETR.UL] decided to take a pass yesterday. Expectations that Aramco customers and allies around the world would take
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Tech expert: Malaysia ready to deploy 5G
PUTRAJAYA: Malaysia is ready to deploy the fifth-generation (5G) mobile technology and its diverse level of use cases is one of its strengths, said a technology expert. Telecommunication-based think-tank Technology Research Project Corporate director Dr Peter Lovelock said Malaysia should
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Shares falter as China-US row over Hong Kong wrecks trade deal hopes
Global stocks took a beating today as a fresh row between Washington and Beijing over US legislation on Hong Kong threatened to undermine their trade talks and delay a “phase one” deal that investors had initially hoped to be signed
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