Markets

China moves to slow yuan drop amid trade tensions

By BLOOMBERG
HONG KONG • Chinese officials set the daily fixing of the yuan at a much stronger level than expected, suggesting efforts to stem declines ...

Oil prices could head south to US$60 level if output rises

The oil market is eagerly awaiting the outcome of the Vienna meeting tomorrow
By MARK RAO / Pic By BLOOMBERG Russia and Saudi Arabia’s ...

Abraaj said to file for provisional liquidation

By BLOOMBERG
LONDON • Abraaj Holdings, once one of the developing world’s most influential investors, plans to file for provisional liquidation in the ...

Asia central banks juggling risks find solace in stable food

By BLOOMBERG
HONG KONG • Asian central bankers grappling with wobbly markets, higher energy costs and simmering trade tensions are getting relief from ...

Sarawak-based counters shrug off coalition shift

Apart from GPS leaving BN, nothing else has changed at the moment, says analyst
By NUR HAZIQAH A MALEK / Pic By TMR The move by component parties of ...

Stock market FBM KLCI continues to decline ahead of global monetary policy announcement

By NG MIN SHEN / Pic By TMR
Bursa Malaysia ended today’s morning session lower as global and regional equity markets awaits the expected interest rate ...

China’s next big innovation? A used-car market

By Adam Minter / BLOOMBERG
CHINA’S huge bet on new-energy vehicles has understandably gotten the world’s attention. But a less flashy phenomenon now ...

Allianz hunt for deals keeps market guessing

Europe’s largest insurer in early stages of evaluating a variety of potential acquisition targets as deal hungry CEO scans the ...

UBS eyes family-office growth from Asia’s ultra-rich clans as competition intensifies

By BLOOMBERG
ZURICH • UBS Group AG expects most new family-office clients to come from Asia as global banking rivals compete to manage funds and broker ...
Gamuda

Gamuda to gain from reduced foreign role in major projects

By NUR HAZIQAH A MALEK / Graphic By TMR
Gamuda Bhd’s stock price retracement is sustainable as most of the negative news has crystalised following the ...

Citigroup said to back key Deutsche Bank investor after rout

By BLOOMBERG
LONDON • Citigroup Inc jumped in as a financier for a key Deutsche Bank AG shareholder after Bank of America Corp (BofA) dropped out to ...

Bursa Malaysia ends morning session lower

By NG MIN SHEN / Pic By TMR
Bursa Malaysia’s main index declined during the morning session today, dragged by banking counters and global political ...