World

Audi, Hyundai to join forces to push fuel-cell technology

By BLOOMBERG
LONDON/FRANKFURT • Tesla Inc’s CEO Elon Musk has called it “mind-bogglingly stupid” and carmakers have gravitated away from it in recent ...

GE kicked out of Dow after long slide

Once the world’s most valuable company, GE will be replaced by Walgreens
By BLOOMBERG NEW YORK • General Electric Co (GE) suffered a ...

Europe expands global alliances as US isolates trade allies

By BLOOMBERG
BRUSSELS • Europe is building new alliances to counter an increasingly isolationist America as President Donald Trump recasts the US’ ...

Trump’s tariffs could deliver a sizeable hit to China’s economy

The warning comes amid signs that the world’s 2nd-biggest economy is already slowing down
By BLOOMBERG BEIJING • US President ...

China Mobile, Qualcomm drawn to Xiaomi’s IPO

By BLOOMBERG
HONG KONG • Xiaomi Corp has set tentative terms for the world’s biggest initial public offering (IPO) in nearly two years, aiming to raise ...

Thailand keeps rates on hold

By BLOOMBERG
BANGKOK • Thailand’s central bank left its benchmark interest rate unchanged near a record low, bucking a regional trend as more central ...

Philippine central bank chief builds case for another rate hike

Interest rates seem to be on the way up and this has an implication on EMs like the Philippines, the governor says
By BLOOMBERG MANILA • Philippine ...

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 ...

Emerging Asia to suffer most from strong dollar

By BLOOMBERG
SYDNEY • Asia’s emerging market (EM) currencies may be the biggest casualties of dollar strength this year, Macquarie Bank Ltd said. The ...

Kim calls for step-by-step denuclearisation in Xi talks

By BLOOMBERG
BEIJING • Kim Jong-un doesn’t appear to be in a rush to dump his nuclear weapons. In talks with China President Xi Jinping on Tuesday, the ...

Cryptocurrencies fall as Bithumb says RM128m stolen

Hong Kong • Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was hacked, renewing concerns about the safety of ...
US Fed

US to continue raising interest rate due to inflation, low unemployment

The inflationary pressures will continue to rise in the US throughout 2018, says an expert
By SHAHEERA AZNAM SHAH / Pic By BLOOMBERG The US interest ...