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Asian shares wobble as China halts trade talks with U.S.; oil rallies

SYDNEY: Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ru...

Petronas-Saudi RAPID refinery to offload first oil cargo on Monday

SINGAPORE: A supertanker carrying the first crude oil cargo for a refinery joint-venture project between Petronas and Saudi Aramco is expected to be unloaded on Monday, according to two industry sources and shipping data...

Bursa sees choppy early morning trade

KUALA LUMPUR: Bursa Malaysia started on uneven footing on Monday as key markets in the region remained shuttered for national holidays. While China's, Japan's and South Korea's markets were closed for the mid-Autumn fes...

New stream of money inflow for Malaysian Govt

PETALING JAYA: The government, which had previously identified at least RM10bil worth of spending cuts, plans to further strengthen its cashflow by monetising some of its non-strategic assets and gradually issuing new so...

Significant budget cuts likely

PETALING JAYA: Significant budget cuts are anticipated on the expenditure side, which is due to be announced in November. RHB Research Institute said in its report the upside of this was that the reduced wastage and lea...

Malaysians travel more despite ringgit’s devaluation

GEORGE TOWN: Although the value of the Malaysian ringgit is depreciating, Malaysians still continuing to travel to both local and foreign destinations, according to the Malaysian Association of Tour and Travel Agents (MA...

Alibaba’s Jack Ma says US-China trade war ends 1 mln US jobs promise

BEIJING: Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday. Ma has ...

Islamic banks face outdated property rules – industry body

Regulators overseeing Islamic banking must revise guidance on real estate exposures to align with the post-financial crisis capital rules of Basel III, a global industry body said on Sunday. The Bahrain-based General Co...

World’s richest economies enjoy biggest pay raise in a decade

HONG KONG: Workers in the world’s richest countries are getting their biggest pay bump in a decade, a step toward solving a labor market puzzle that’s unnerving central bankers. As shrinking unemployment in the U.S., Ja...

Asian shares tripped up by new U.S. tariff threat (Update)

SYDNEY: Most Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing. Liquidity was thin with Ja...

Lendlease speeds up TRX project

KUALA LUMPUR: Australian property and infrastructure group Lendlease is moving into high gear now that the coast has been cleared for financial and banking district Tun Razak Exchange (TRX) to move ahead. It has secured...

Asian stocks bruised by Trump’s trade war threats

TOKYO: Asian shares came under renewed pressure on Friday after reports U.S. President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports.   Many eme...

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