Scandal-ridden Brazil giant Odebrecht seeks bankruptcy protection

SAO PAULO, June 18 — Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$800 million (RM3.34 billion) to bribe officials across Latin America to win contracts, filed for bankruptcy protection yesterday,…


Tokyo’s Nikkei index opens marginally lower

TOKYO, June 18 — Tokyo’s key Nikkei stocks index opened slightly lower today, as investors took to the sidelines ahead of results from the US Federal Reserve’s meeting this week. The benchmark Nikkei 225 index was down 0.08 per cent or 15.99…


Renewed investors interest pushes ringgit up against US dollar at opening

KUALA LUMPUR, June 18 — The ringgit inch upwards against the US dollar, backed by renewed interest from foreign investors on the prospects of Malaysia’s economy. At 9am, the ringgit was at 4.1760/1880 against the greenback from 4.1770/1800 at…


Bursa Malaysia flat at opening

KUALA LUMPUR, June 18 — Bursa Malaysia opened flat early today amid cautious mood ahead of US Federal Reserve’s two-day policy meeting. At 9.02am, the key FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.87 points to 1,636.53 from 1,638.40 at 5pm…


Deputy minister: Strong connectivity between Malaysia and Thailand attracts more investment

BUKIT KAYU HITAM, June 18 — It is vital to improve connectivity between Malaysia and Thailand to attract more foreign direct investments. Deputy Foreign Minister Datuk Marzuki Yahya said having shared a common border, the strong connectivity will…


AirAsia X not discounting possibility of re-entering European market, says chairman

PARIS, June 18 — AirAsia X is looking into expanding its market and does not discount the possibility of re-entering the European market. AirAsia X Bhd chairman Tan Sri Rafidah Aziz said, before the company makes any decision, it needs to consider…


US Senator Rubio targets Huawei over patents

WASHINGTON, June 18 — US Senator Marco Rubio filed legislation yesterday that would prevent Huawei Technologies Co Ltd from seeking damages in US patent courts, after the Chinese firm demanded that Verizon Communications Inc pay US$1 billion to…



Singapore exports fall most in three years as China shipments slip

SINGAPORE, June 18 — Singapore's non-oil domestic exports (NODX) fell 15.9 per cent year-on-year in May, the biggest drop since March 2016, partly due to a sharp decline in shipments to China, official data showed yesterday.   The drop was…


Bah humbug! Trump’s plan for more China tariffs to hit festive shoppers

WASHINGTON, June 18 — This year’s holiday season could be tighter for many Americans if the US government imposes tariffs on another US$300 billion (RM1.25 trillion) worth of Chinese imports — because that will include tech products, game…