Trump attacks Fed on eve of policy meeting

WASHINGTON: US president Donald Trump again lashed out at the Federal Reserve for considering raising interest rates, on the eve of a meeting at which policymakers are widely expected to do so. The latest Twitter outburst renewed the president’s rock throwing at the central bank, which he accuses of undermining his economic agenda of tax […]

France to push ahead with digital tax starting January 1

PARIS: France will push ahead with its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said, as the European Union struggles to finalise a new EU-wide levy. France has been driving hard for a new so-called ‘GAFA tax’ – named after Google, Apple, Facebook and Amazon – […]

Ringgit ends higher on jitters over US dollar

KUALA LUMPUR, Dec 18 — The ringgit closed higher against the US dollar prompted by greenback's weakness, amid the sell-off in US equities, dealers said. At 6pm, the local note traded at 4.1750/1800 against the US dollar compared with…

Xi calls for China to ‘stay the course’: No one is in a position to dictate reform to us


Chinese President Xi Jinping addressed his nation Tuesday morning in Beijing to commemorate the 40th anniversary of China’s “reform and opening up, ” striking a relatively defiant tone to international calls for major changes in his country’s economy. His remarks are being watched to see whether Xi’s idea of progress aligns with the West’s increasingly vocal demands for less state control. That could have significant consequences for whether the U.S. reaches a trade deal with China by the end of its 90-day tariff ceasefire. “No one is in a position to dictate to the Chinese people whatRead More

Britain’s FTSE down sharply as ASOS profit alert sparks wider retail selloff

LONDON, Dec 18 ― UK shares fell sharply yesterday, as a profit warning from online fashion store ASOS reverberated across Europe and reinforced woes about slow sales during the busy holiday season, adding to a pre-Christmas gloom and worries over…

China trade steps seen as a good start, but more needed

WASHINGTON: The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet US demands for long-term change in how China does business. US President Donald Trump and his Chinese counterpart, Xi […]

US stocks sink further into correction as Fed move looms

NEW YORK, Dec 17 — Wall Street’s woes continued today, with the major indices sinking further into correction as the horizon grew gloomier for investors. Markets already were cautious in advance of this week’s Federal Reserve meeting,…

Google to spend US$1b to establish new campus in New York

NEW YORK, Dec 17 — Alphabet Inc’s Google is investing over US$1 billion (RM4.1 billion) to establish a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and…

What is the best air miles credit card In Malaysia?

KUALA LUMPUR, Dec 17 — An “air miles credit card” is a credit card that offers you the chance to earn air miles as one of its main benefits. Frequent travellers who accumulate enough air miles can use them to claim free flights, offset part of…

As Brexit muddles along, Trump roots for a full break

WASHINGTON: As Britain’s divorce from the European Union (EU) stumbles ahead, hardliners pushing for a full break are finding support in one foreign capital – Washington. Prime Minister Theresa May, who is barely holding on to power at home, found a frosty reception on her latest mission to Brussels as she struggles to sell Brexit […]