january

 
 

US sanctions bring stress to already battered emerging markets

LONDON, Aug 21 — Under the presidency of Donald Trump, the US is using sanctions against its adversaries — and even some friends — like never before. The latest batch against Russia and Turkey sank emerging markets, with stocks poised for…


Wall St higher on US-China trade talk optimism

NEW YORK, Aug 20 — US stock index opened higher today as reports of planned trade talks between the United States and China raised hopes of a potential resolution to their trade spat. Lower-level trade talks will be held on August 22 and 23,…


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…


New Perodua Myvi production disrupted due to supply issue

KUALA LUMPUR, Aug 20 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) says production of its best-selling model, the new Myvi, has been temporarily halted due to a supply disruption at one of its vendors, resulting in some 3,000 customers not being…


Allianz Malaysia Q2 net profit rises to RM89.87m

KUALA LUMPUR, Aug 20 — Allianz Malaysia Bhd’s net profit rose to RM89.87 million in the second quarter ended June 30, 2018 (Q2) from RM66.48 million a year ago, due mainly to higher contribution from general insurance and life insurance…


Chinese internet stock sell-off may shake faith in FANGs

An investor looks at an electronic board showing stock information at a brokerage house in Shenyang, Liaoning province August 16, 2013. Major brokerage Everbright Securities Co Ltd said in a filing to the Shanghai Stock Exchange that its trading system encountered problems Friday morning, following a dramatic 5 percent spike in domestic stock indexes that many suspected was the byproduct of a trading error. REUTERS/Stringer (CHINA - Tags: BUSINESS)

SAN FRANCISCO, Aug 20 — A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long rally may be low on fuel….


Greece emerges from bailouts relieved, but not euphoric

ATHENS, Aug 19 — The youngest Greeks may not be able to remember what life was like beforehand: The third and last of the country’s international bailouts comes to an end tomorrow, and while Greece is faring better, it still bears the scars of…


Proton, Geely sign JV agreement to set up facilities in China

KUALA LUMPUR, Aug 18 — Proton Holdings Bhd and Zhejiang Geely Holding Group today signed a Heads of Agreement to set up a joint venture that will pave the way for Proton to assemble and market their cars in China. Both companies will take up equal…


Trump says in ‘no rush’ to get NAFTA deal

WASHINGTON: President Donald Trump said he was in ‘no rush’ to complete a deal to rewrite the trade pact with Mexico and Canada. As Mexican officials were gathered in Washington for talks with US Trade Representative Robert Lighthizer, Trump said at a cabinet meeting, “if you can’t make the right deal, don’t make it.” Negotiators […]


Tencent slump shows what happens when Beijing flips the switch

HONG KONG, Aug 17 — China long celebrated Tencent Holdings Ltd as a national champion. Now, the tech giant is getting a taste of what it’s like to be on the other side of government patronage. Tencent tumbled yesterday after reporting its first…