US and China haggle over toughest issues in trade war talks

WASHINGTON: Top US and Chinese trade negotiators haggled on Thursday over the details of a set of agreements aimed at ending their trade war, just one week before a Washington-imposed deadline for a deal expires and triggers higher US tariffs. Reuters reported exclusively on Wednesday that the two sides are starting to sketch out an […]


Australia plays down reports of Chinese coal ban

SYDNEY: Canberra on yesterday played down reports a major Chinese port had banned coal imports from Australia, as fears grow that worsening diplomatic tensions are damaging the nations’ crucial trading relationship. Industry experts have noted recently that China appeared to be delaying customs clearances for Australian coking coal used in steel-making, but a report late […]


China sees ‘enormous potential’ in Saudi Arabia’s economy

BEIJING: China sees ‘enormous potential’ in Saudi Arabia’s economy and wants more high-tech cooperation, the Chinese government’s top diplomat said, as Saudi Crown Prince Mohammed bin Salman began a two-day trip to Beijing. The Saudi delegation, including top executives from Aramco, arrived on Thursday on an Asia tour that has already seen the kingdom pledge […]


Malaysia’s auto industry off on a positive start

KUCHING: Malaysia’s automotive industry is off on a positive start this year, led by strong numbers recorded by national carmakers. Analysts expect the industry to continue this strong momentum, underpinned by healthy demand and favourable foreign exchange (forex). According to the research arm of Affin Hwang Investment Bank Bhd (AffinHwang Capital), the automotive industry’s January […]


Sime Darby Plantation considers exiting West Africa operations

KUALA LUMPUR: Sime Darby Plantation, the world’s biggest oil palm planter by land holdings, is considering exiting its palm and rubber operations in the West African nation of Liberia, industry sources said. The potential move comes as the Malaysian company’s return on investment in Liberia has been lower than expected due to disappointing planting activity […]


Fitch affirms Malaysia’s rating at ‘A-’, outlook stable

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at ‘A-’ with a stable outlook. The ‘A-’ rating reflects higher growth rates than the peer median and a net external creditor position which is supported by steady current account surpluses and large external assets. However, the rating is constrained by high […]


Shopee University collaborates with FPX to kick-start e-commerce workshops

KUCHING: Shopee University has collaborated with FPX, the official online payment partner for Shopee, to empower more Malaysians to kick-start their e-commerce journey. “How do I become a seller on Shopee?”, “Is it easy to sell my things on the platform?”, “How do I boost my sales?” are some frequently asked questions by prospective and […]


FBM KLCI likely to hit 1,760 pts this year

PETALING JAYA: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to hit 1,760 points this year due to a reversal in the foreign funds outflow on the back of positive external developments, coupled with a cheaper ringgit and better corporate earnings growth, said Rakuten Trade Sdn Bhd. Head of research Kenny Yee said […]


US stocks rise as trade talks lift hopes

NEW YORK, Feb 22 — US stocks rose at the open today, with spirits buoyed by hopes for progress in high-stakes US-China trade negotiations. The positive start to the day followed yesterday’s dip on fears of declining global growth after a batch…


Global equities climb on hopeful trade talk vibes

LONDON, Feb 22 — World stock markets advanced today as investors awaited what they hoped will be encouraging news from US-China trade talks in Washington, dealers said. Europe’s key equity markets were up to around 0.5 per cent higher, building…