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Analyst Reports 20 Dec 2018 | 5:46 AM

Kenanga maintains year-end ringgit forecast at 4.15 to US dollar

KUALA LUMPUR: Kenanga Investment Bank Bhd is maintaining its year-end ringgit target against the US dollar at 4.15, while continuing to test the 4.20 level in the near-term.

World 20 Dec 2018 | 5:15 AM

U.S. to remove sanctions from aluminium giant Rusal

(Reuters) - The U.S. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal <0486.HK> and its parent En+ , watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea.

Corporate News 20 Dec 2018 | 5:13 AM

Maybank Islamic plans overseas branch to tap US$6.4tril global halal economy

KUALA LUMPUR: Malaysia’s biggest Islamic bank is setting up its first overseas branch to meet the demand for financing in the us$6.4 trillion global halal economy.

Markets 20 Dec 2018 | 5:02 AM

KLCI falls as US Fed continues rate hikes, oil retraces gains

KUALA LUMPUR: Bursa Malaysia returned to a slide on Thursday as the US Federal Reserve proceeded with its final 0.25% rate hike for the year while maintaining a guidance for two rate hikes next year.

Nation 20 Dec 2018 | 4:20 AM

Goldman did not get Ipic board's approval for RM7.32bil bond issue

SINGAPORE (The Straits Times/Asia News Network): Global banking giant Goldman Sachs – which arranged several multibillion-dollar bond issues tied to scandal-plagued 1Malaysia Development Berhad (1MDB) – proceeded with at least one fund-raising exercise without approval from the board of directors of the bond's chief guarantor, Abu Dhabi's state-owned International Petroleum Investment Company (Ipic).

World 20 Dec 2018 | 4:19 AM

Facebook sued by Washington, D.C. over data breach accusations

WASHINGTON (Reuters) - The attorney general for Washington, D.C. said on Wednesday the U.S. capital city had sued Facebook Inc for allegedly misleading users about how it safeguarded their personal data, in the latest fallout from the Cambridge Analytica scandal.

AseanPlus News 20 Dec 2018 | 4:09 AM

Is the Chinese military’s off-road sport utility vehicle the toughest on the planet?

PLA’s boxy BJ80 SUV had seven times higher reliability test scores than the Mercedes-Benz that reportedly inspired the Chinese vehicle Vehicle’s test results are ‘almost a miracle’, researcher says

Facebook 20 Dec 2018 | 4:08 AM

Facebook shares drop as data privacy fallout spreads

Facebook Inc shares sank on Dec 19 as concerns about its ability to safeguard user data sparked a government lawsuit, criticism in the US Congress and a New York Times report on how it had shared data with other companies.

Economy 20 Dec 2018 | 3:23 AM

BOJ keeps policy steady, sticks to recovery view despite rising global risks

TOKYO: The Bank of Japan maintained its ultra-loose monetary policy on Thursday and reaffirmed its view the economy is on a solid footing, even as fears of slowing global growth jolt markets and lowered prospects for hitting its 2 percent inflation target

World 20 Dec 2018 | 2:04 AM

U.N. formally approves global migration pact opposed by U.S., others

UNITED NATIONS (Reuters) - The United Nations General Assembly formally approved a deal on Wednesday aimed at boosting global cooperation to tackle rising migration, but the United States, Israel, Hungary, Czech Republic and Poland voted against the voluntary pact.