China’s Xi urges implementation of reform but offers no new measures

BEIJING, Dec 18 — Chinese President Xi Jinping called today for the unswerving implementation of reforms on Beijing’s terms but offered no new specific measures in a closely watched speech marking 40 years of market liberalisation. In remarks…

The empire strikes back, Microsoft returns to the top of the world

  WASHINGTON: Microsoft is back at the top of the technology world following an extraordinary comeback to close the gap with Apple, some three years into a transformation of the one-time leader by chief executive Satya Nadella. Microsoft regained its title as the world’s most valuable company when it closed Friday at a higher market […]

Australian Market Declines


The Australian stock market is declining on Thursday following the modest losses overnight on Wall Street in a choppy session after minutes of the Federal Reserve’s latest monetary policy meeting indicated at more interest rate hikes moving forward. Gains by miners were more than offset by weakness in banks and oil stocks. In late-morning trades, the benchmark S&P/ASX 200 Index is declining 15.70 points or 0.26 percent to 5,923.40, off a low of 5,914.90. The broader All Ordinaries Index is down 17.10 points or 0.28 percent to 6,030.00. Australian stocksRead More

Higher interest rates boost US bank earnings

NEW YORK, Oct 13 ― A solid US economy and rising interest rates boosted the profits of large US banks, according to earnings reports yesterday, despite President Donald Trump's antagonism to rate hikes by the central bank. The results from…

Comcast demonstrates Sky-high ambition in global media shake-up

LONDON, Sept 24 — US cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering US$40 billion (RM165.2 billion) bid. It was a "great day" for…

Constant innovation, healthy workforce the cornerstone success – Top Glove

KUALA LUMPUR: Constant innovation and a culture of health — these are two things that are the cornerstone of the success of the world’s largest manufacturer of gloves, Top Glove Corporation Bhd (Top Glove). In a press statement, its founder and executive chairman, Tan Sri Dr Lim Wee Chai, in Standard Chartered’s inaugural Inspiring Leadership […]

Sonny's roadshow: How Trump's agri chief sells trade war to farmers

VERONA, Sept 14 — Breaking off from a tour of dairy operations on a farm in upstate New York, US Agriculture Secretary Sonny Perdue tramps across a muddy path to take a sample of sweet corn from an adjacent field. With a wide smile, he shucks the…

Government to review several subsidy systems

KUALA LUMPUR: The government is expected to review several subsidy systems by next year, says Maybank Investment Bank Bhd (Maybank IB) Group chief economist Suhaimi Ilias. He said Prime Minister Tun Dr Mahathir Mohamad had earlier mentioned the possibility of reviewing the 1Malaysia People’s Aid (BRIM) and other social welfare payments to make it more […]

Economist: Govt to review several subsidy systems next year

KUALA LUMPUR, Aug 26 ― The government is expected to review several subsidy systems by next year, says Maybank Investment Bank Bhd (Maybank IB) Group Chief Economist Suhaimi Ilias. He said Prime Minister Tun Dr Mahathir Mohamad had earlier…

Malaysian stocks rebound as PM takes off for China


KUALA LUMPUR (Aug 17): Malaysian stocks closed higher today with the FBM KLCI up 6.2 points or 0.35% at 1,783.47 points, but underperforming its regional peers as investors here remained in profit-taking mode. “The big event to watch out for next week will be the prime minister’s official visit to China,” TA Securities senior technical analyst Stephen Soo told He opined that the market is likely to continue trading sideways as investors await signals from the visit, amid global economic concerns. “The momentum going forward may be softer, withRead More