Money

The next American car recession has already started

The collapse of the sedan market has left Detroit automakers with too many plants
By Keith Naughton, David Welch & Gabrielle Coppola These ...

Unlocking value of waqf sector in Indonesia for socio-economic development

Fahmi M Nasir / Pic BLOOMBERG
On Oct 14, 2018, 2 new milestones of waqf development in Indonesia — WCP and CWLS — were launched in Nusa Dua at the 2018 ...

Cyprus no longer Mediterranean haven for Russian businesses

The outflow of Russian funds from the island marks the reversal of a trend that began after the fall of the Soviet Union, and accelerated as Cyprus ...

M&A interest strong despite weak CPO price cycle, says Maybank analyst

Opportunities lie within the small-and-mid cap space given the huge valuation gap between estate values and stock prices, which may lead to potential ...

Three years on, Kg Baru redevelopment plan remains challenging for KBDC

There are scepticisms that the PITPKB is too grandiose for the people in the area, as the plan aims to accommodate up to 77,000 people within the 121.8ha ...

Elon Musk’s union with old Japan is blossoming, for now

Just 2 years after Musk and Tsuga began operating a giant battery factory on the outskirts of Sparks, Panasonic in November says the business will ...

Goldman raises forecasts on yuan as US tension eases

By BLOOMBERG
HONG KONG • Goldman Sachs Group Inc boosted its forecasts on China’s yuan to reflect improving sentiment as trade tension between the ...

UBS sees 2 Fed hikes, Asian central banks to pause in 2019

By BLOOMBERG
SINGAPORE • UBS Global Wealth Management predicts the US Federal Reserve (Fed) will raise interest rates twice this year despite markets ...

Plenty of room for all in Malaysia’s banking sector

There is prevailing healthy competition among financial services players in Malaysia’s mature market
By NG MIN SHEN / Pic By BLOOMBERG There is ...

2018 battered stocks to see recovery in 2019

A sense of normality has returned to the equity market despite worries that 3Q18 financial results will cause drag the market again
By DASHVEENJIT KAUR ...

Deals pipeline encourages Infosys to boost sales growth forecast

BANGALORE • Infosys Ltd, Asia’s second-largest software exporter by value, raised its sales forecast for the year ending March citing a “healthy pipeline” ...

Netflix’s RM184.5b rally sets up earnings showdown this week

SAN FRANCISCO • An explosive rally in shares of Netflix Inc is stoking interest in the streaming company’s financial results due this week, setting up the ...