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Ringgit ends easier against US dollar

KUALA LUMPUR: The ringgit ended easier against the US dollar today on lack of buying interest, a dealer said. He said the weaker local note was impacted by the anticipation of an interest rate increase of 25-basis poi...

Alibaba to invest additional US$2b in Lazada, replaces CEO

BEIJING: Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group as part of the Chinese firm's push into new markets. Following the investment, Lucy Peng, w...

Ringgit lower against US$ on lack of demand

KUALA LUMPUR: The ringgit was lower against the US dollar early Monday on lack of demand. At 9 am(0100 gmt), the local note was quoted at 3.9130/9180 from 3.9070/9120 at Friday's close. OANDA Head of Trading Asia-Pacif...

Ten years after US$16 tril crash, Americans still have not fallen back in love with stocks

NEW YORK: Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money i...

Pricier than Apple? Xiaomi’s hot again, and investors could get burned

BACK in 2014, smartphone-maker Xiaomi Corp became that rarest of unicorns, the most valuable startup in the world, with a US$46bil valuation. Xiaomi applied a seemingly potent formula for conquering the China market. It...

Retail bogged down by polls

PETALING JAYA: The impending general election is contributing to the slowdown in the retail sector. The second quarter is seasonally a tough period for the sector as it comes after the Chinese New Year celebrations. Ma...

Banks are losing their premium

ON paper, bank loans can be approved within a week or even a day. However, the actual disbursement of funds easily takes three to four months. This is the situation being faced by the small and medium enterprises so much...

Crypto is Heating up in the Institutional Space

Phil DeFrancesco, Global Head of Cross-Asset Desktop Trading at Thomson Reuters discusses his views on the current cryptocurrency market and how Thomson Reuters is preparing for institutional investors....

How Li Ka-shing became Hong Kong’s richest man

Li Ka-shing's story is one of rags-to-riches. Born in 1928 in Chaozhou in Southeastern China, he fled to Hong Kong with his family in 1940 during the second Sino-Japanese war. He started out as an apprentice at a plastic...

ASEAN-Australia Special Summit 2018

Australia and ASEAN are partners in advancing our region’s security and prosperity. That’s why Australia is hosting the #ASEANinAus Special Summit in Sydney, 16-18 March 2018. Learn more about this historic event – https...

Asian shares on defensive as new political worries sour mood

TOKYO: Asian stocks were on the defensive on Friday as worries over the U.S. investigation into the Trump Organization tested investor nerves, already frayed by fears U.S. tariffs could hurt the global economy and trigge...

Maybank, Public Bank, Petronas stocks fall early Friday

KUALA LUMPUR: Blue chips extended their losses early Friday as investor sentiment was battered by US trade war rhetoric, with Maybank and Public Bank among the main drags on the FBM KLCI. At 9.22am, the KLCI was down 6....

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