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Tenaga keeper Kumar sidelined for two months with injury

KUALA LUMPUR: S. Kumar (pic) dealt a big blow to the national men’s hockey team as he has been ruled out of action for two months after suffering a muscle tear in his right thigh.

Building owners are unable to get the rent they are seeking

KUALA LUMPUR: Office rental among super prime buildings in the Klang Valley is expected to come down further with landlords struggling to get the rental rate they want, according to property consultancy Rahim & Co.

A tenant’s market: (from left) Rahim & Co estate agency director Robert Ang, director of PJ office Choy Yue Kwong, Rahim, valuation services director Chee Kok Thim and research director Sulaiman Saheh at the property review 2018/2019

HSBC reaffirms key targets

Banking group upbeat despite bruising fourth quarter

Chief executive officer John Flint (pic) sought to allay concerns after profit and revenue trailed analysts’ expectations in a quarter marred by stock-market turmoil.

Mexico pushes mobile payments to help unbanked consumers ditch cash

Mexico's new leftist government is betting on financial technology to help lift people out of poverty.

Mexico is planning a digital payments system run and built by the central bank that will allow Mexicans to make and receive payments through their smartphones free of charge. — Reuters

HSBC profit disappoints as China, Britain weakness poses challenge

HONG KONG/LONDON: HSBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business, while cautioning that a weaker economic outlook for China and Britain would throw up further hurdles this year.

SBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business.

Drivers, connect your WiFi! iRacing a hit in Nascar

Dale Earnhardt Jr plays simulated racing for fun. So does Denny Hamlin, Bubba Wallace and scores of drivers in the NASCAR garage who unwind with virtual racing. The real star in the virtual stock car world is someone like Ray Alfalla, a 29-year-old mail carrier who was a No. 1 pick in the iRacing draft.

Alfalla with his awards on the track at Homestead-Miami Speedway in Homestead, Florida. Alfalla is in the elite class of drivers who have mastered virtual iRacing, an online simulation of the real deal each week in Nascar. — Bryan Blackford/Snowcone Productions/AP

Tycoons tell Mexico's president that unions 'extorting' businesses

MEXICO CITY (Reuters) - A group representing some of Mexico's biggest companies told left-wing President Andres Manuel Lopez Obrador on Monday that politicians should resist "extortion" by labour unions after strikes and blockades in recent weeks.

To fight off unemployment, Iraqi youth plant startup seeds

Stuck between an endless waitlist for a government job and a frail private sector, Iraqi entrepreneurs are taking on staggering unemployment by establishing their own startups.

CIMB Research sees residential mortgage growth falling to 7%

KUALA LUMPUR: CIMB Equities Research expects residential mortgage growth, which is the largest loan segment of the banking industry’s total loans, to slow down further in 2019 due to the cautious view of the market.

CIMB Research also said apart from the weak residential property market, other earnings risks for banks in 2019F include a possible slowdown in business loan growth and net interest margin erosion.

Mexico's ruling party lawmakers urge capping drug prices

MEXICO CITY (Reuters) - Lawmakers from Mexico's ruling party plan to send a bill to Congress that would set maximum drug prices, aiming to improve accessibility for poor patients and bring costs in line with cheaper countries in the region.