Ringgit opens lower on weaker oil prices

KUALA LUMPUR, Jan 23 — The ringgit was lower against the US dollar in early session today as buying sentiment for the local note was hampered by weaker global oil price. At 9.06am, the ringgit stood…


White House denies reports of cancelled trade meeting

WASHINGTON, Jan 23 — The White House yesterday said high-level trade talks with Beijing were proceeding uninterrupted, quickly rebutting media reports that progress toward resolving their trade war had faltered. Chinese Vice Premier Liu He is to…


Singapore commuters surprised by Grab’s U-turn on fare promotions

SINGAPORE, Jan 23 — For at least two weeks in a row, some Grab users have been receiving promotional offers for rides despite the ride-hailing company saying just a month earlier that the perks would not make a comeback. Grab maintains, though,…


General Electric to cut up to 468 jobs in France

PARIS, Jan 23 — US energy giant General Electric plans to slash up to 468 jobs across France, union sources said yesterday. They said 229 jobs would be cut from the staff at Alstom Power Systems (APS), including 146 at GE Energy’s European…


Davos bankers try to put brave face on gloomy outlook

DAVOS, Jan 23 — The International Monetary Fund has cut its global growth forecasts for the second time in three months. Central banks in the US and Europe are reversing a decade of ultra-loose monetary policy. Trade tensions between Washington…


US to pursue extradition of Huawei CFO from Canada

WASHINGTON, Jan 23 — The US Justice Department said yesterday that it will pursue the extradition of Huawei Technologies Co Ltd’s chief financial officer, arrested in Canada in December on allegations that she participated in a conspiracy to…


Renault convenes board to turn page on Ghosn era

PARIS, Jan 23 — Renault has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan in the wake of Ghosn’s arrest in Japan for alleged financial…


Wall Street drops as economic outlook, corporate forecasts sour

NEW YORK, Jan 23 — US stocks ended lower yesterday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. All three major US stock indexes pared losses…


France fines Google US$57 mln for EU privacy rule breach

PARIS: France’s data protection watchdog fined Alphabet’s Google 50 million euros (US$57 million) on Monday for breaching European Union online privacy rules, the biggest such penalty levied against a US tech giant. The French regulator said the world’s biggest search engine lacked transparency and clarity in the way it informs users about its handling of […]


British billionaire Dyson moves vacuum giant to Singapore

LONDON, Jan 22 — James Dyson, the billionaire Brexit supporter who revolutionised vacuum cleaners with his bagless technology, is moving his corporate office and tax registration to Singapore from the UK to be closer to his fastest growing…