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World

Zimbabwe's Mnangagwa talks up currency reform but business wary

HARARE (Reuters) - Zimbabwe's President Emmerson Mnangagwa said on Tuesday that a decision to ban the use of foreign currencies was an important step to repair the economy, but local business people and investors were wary a day after the reform was announced.

Business

Gold jumps to highest in six years as rising risks boosts havens

SINGAPORE: Gold’s rally shows no signs of abating.

Business

Dollar slips on Fed prospects; safe-haven Swiss franc, gold shine

TOKYO: The dollar hit a multi-month low against the euro and the yen on Tuesday on the prospects of monetary easing by the Federal Reserve while the safe-haven Swiss franc and gold rose on Middle East tensions.

Business

Bitcoin surpasses US$11,000 as memories of popped bubble fade

HONG KONG: Bitcoin traded above US$11,000 for the first time in 15 months, recouping more than half of the parabolic increase that captured the attention of mainstream investors before the cryptocurrency bubble burst last year.

Business

Govt may buy more toll highways

PETALING JAYA: The government is expected to acquire more toll highways in the future, especially those with matured traffic flows and shorter remaining concession years, according to a research house.

Business

Funding Circle pitching to private debt investors with new fund

DUBLIN: Funding Circle Holding Plc, a UK-based peer-to-peer lender, is making a foray into the world of private debt.

Business

TIV likely to contract over next few months, says MIDF Research

PETALING JAYA: The total industry volume (TIV) is expected to contract over the next few months post Hari Raya festivities, especially for June, given the shorter working month.

Business

Carrefour sells control of China business at a discount

PARIS: Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan ($698 million) in cash to local retailer Suning.com Co. as it rethinks its exposure in the world’s No. 2 economy after years of decline.

Business

RHB Research positive on MoF’s RM6.2b takeover offer for highways

KUALA LUMPUR: RHB Research Institute is positive on the Ministry of Finance’s (MoF) RM6.2bil offer to buy out four tolled highways after four months of negotiations.

Business

Tek Seng to return to the black this year

BUKIT MINYAK: Tek Seng Holdings Bhd expects to return to the black in the 2019 financial year ending Dec 31.