chinese

 
 

Xiaomi says it doesn’t have timeframe to revisit China listing

HONG KONG, June 23 — Xiaomi Corp said it hasn’t set a timeframe to revive an offering of Chinese depository shares, a delay that could hurt China’s ambitions to lure its tech giants to list in the domestic market. The Chinese phone maker had…


Dow snaps losing streak on energy lift

NEW YORK, June 23 — The S&P 500 and Dow Jones Industrial Average climbed yesterday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check. US crude…


Singapore Airlines to shift planes from SilkAir to budget arm Scoot

SINGAPORE: Singapore Airlines Ltd said on Thursday it expected to transfer some jets from its SilkAir regional airline to budget carrier Scoot, allowing it to compete more effectively against low-cost rivals like AirAsia Group Bhd and Lion Group. The plan comes after the carrier announced last month it would absorb underperforming SilkAir into the parent […]


Energy, financials push Wall St higher; tech weighs

NEW YORK, June 22 — Energy and bank stocks led the S&P and Dow higher today, though a decline in technology shares capped gains and pushed the Nasdaq slightly lower. The benchmark Brent crude jumped 1.9 per cent to US$74.48 (RM298) a barrel,…


Oil up over 2pc as Opec raises output modestly

LONDON, June 22 — Oil prices rose sharply today as Opec agreed a modest increase in output to compensate for losses in production at a time of rising global demand. Benchmark Brent crude jumped US$2.29 a barrel, or 3.1 per cent, to a high of…


The toll of Trump’s trade war: Damage to more than just Daimler

MUNICH, June 22 — Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labour and…


Forced stock sales haunt China as UBS sees US$68b at risk

HONG KONG, June 22 — Three years after a wave of forced selling by margin traders fuelled a collapse in China’s stock market, a new breed of leveraged shareholders are threatening to trigger another downward spiral. More than 5 trillion yuan…


China opens OTC equity board to foreign investors

SHANGHAI, June 22 — China will open its national over-the-counter (OTC) equity market to foreign investors, the operator said today, in the country’s latest move to deregulate its capital market. So far, foreigners under the Qualified Foreign…


Asian traders end brutal week cautiously as trade fears simmer

HONG KONG, June 22 — Asian investors ended a tumultuous week on a cautious note today as the prospect of a debilitating global trade war hung over regional markets. As European Union tariffs on key US goods — including jeans, bourbon and…


China, Nepal to build Tibet-Kathmandu rail link

BEIJING, June 22 — China and Nepal have agreed to build a railway connecting Tibet with Kathmandu, among a raft of deals signed during the Nepali prime minister’s visit to Beijing, reports said today. Nepal is seeking closer ties and much-needed…