Chinese ETF investors throw gold a lifeline

BEIJING, Aug 21 — Just when you thought investors have given up on gold, the Chinese swooped in. On Friday, as prices of Bosera Gold Open-End ETF slumped to the lowest since December 2016, the exchange-traded fund attracted US$68 million (RM279…

US-China trade talks optimism lifts shares, oil gains

NEW YORK, Aug 21 — A gauge of global equity markets rose yesterday on hopes US-China trade talks this week will diffuse the dispute, while Turkey's lira fell anew on cuts to the country's credit ratings and after shots were fired outside the US…

PepsiCo puts fizz into healthy drinks with US$3.2b SodaStream deal

LONDON, Aug 20 — PepsiCo will buy carbonated drink-machine maker SodaStream for US$3.2 billion (RM13.1 billion) as it battles Coca-Cola for an edge in the health-conscious beverage market. Founded in Britain in 1903, SodaStream was a coveted…

Shares climb on hopes for US-China trade talks, Turkish lira falls

LONDON, Aug 20 — Global stocks rose today amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the US embassy in Ankara….

Asia shares inch up with yuan, wary on Sino-US talks

SYDNEY, Aug 20 — Asian share markets crept cautiously higher today as investors awaited developments on proposed Sino-US trade talks and the Chinese yuan rallied away from dangerous lows. MSCI’s broadest index of Asia-Pacific shares outside…

Asia shares inch up, cautious on Sino-US trade talks


SYDNEY, Aug 20 — Asian share markets crept cautiously higher today as investors awaited developments on proposed Sino-US trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira for any new signs of strain. MSCI’s broadest…

Market at technical support level

The FBM KLCI snapped a five-week gain last week as market started on take profits. The index declined 1.2 per cent in a week to 1,783.47 points last Friday, in line with global markets performances. Market data was slightly bearish. Firstly, corporate results for the second quarter was rather mixed and secondly, Bank Negara has […]

The smarter way to invest during volatile times

THE popular manner unit trust funds are promoted by fund sales promoters are based on fund past performance. And that is also the common way investor gets the impression and decides which fund is good to invest in. Why? Because this feeds exactly into the investor’s psychology of wanting to see the good double-digit performance. […]

Australia's giants plan to get richer by shrinking fast

SYDNEY, Aug 17 — In Australia, empire-building is so yesterday. Defying a global spike in acquisitions, some of Australia’s biggest and oldest companies are trying to shrink to greatness. Commonwealth Bank of Australia, Wesfarmers Ltd and…

Uber narrows loss but is a long way from finding profit

SAN FRANCISCO: Uber Technologies Inc said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. Under the leadership of Dara Khosrowshahi, who became chief executive in September, Uber has […]