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Business 28 Mar 2015 | 12:00 AM

A Silk Road for China’s yuan

Pace of the currency’s internationalisation seems to be gaining momentum.

Business 09 Mar 2015 | 12:00 AM

Chrysler makes second recall of 703,000 vehicles over faulty ignition switch

WASHINGTON: Fiat Chrysler Automobiles NV is doing a second recall of 703,000 minivans and SUVs with a defective ignition switch that can rotate out of position, similar to the faulty General Motors Co part tied to dozens of deaths.

Business 11 Apr 2015 | 12:00 AM

Opec’s no-cut strategy is not working, says Iran

BEIJING: Opec’s strategy of holding output steady is not working and the group’s members should discuss production levels before its next meeting in June, Iran’s oil minister said, a sign of the pain lower prices are causing the cartel’s less wealthy producers.

Commodities 23 Apr 2015 | 12:00 AM

All eyes on capital market as IMKL begins

PETALING JAYA: The annual Invest Malaysia Kuala Lumpur (IMKL) conference begins today and key on everybody’s mind will be where the market goes from here and what further investing opportunities lie in the Malaysian market.

Business 15 Jul 2015 | 3:04 PM

Top foreign and local stories at 3pm

Top foreign and local stories at 3pm

Analyst Reports 11 Jul 2015 | 12:00 AM

Fed may be less patient than market believes

THE market seems to be betting that the Federal Reserve (Fed) is going to steal a page from China’s playbook.

Business 27 Apr 2015 | 12:00 AM

Solar power the way to go

SINGAPORE: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world’s top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it’s solar energy that is becoming the alternative.

Economy 07 Jan 2015 | 5:22 PM

KLCI nears critical 1,700 on Maybank, Petronas losses (Update)

KUALA LUMPUR: The FBM KLCI extended its losses in volatile trade on Wednesday, bogged down by losses in Petronas related stocks and Maybank, sending the FBM KLCI towards the critical 1,700 level.

Business 18 Jul 2019 | 11:56 PM

Boeing takes US$4.9b charge for prolonged grounding of 737 MAX planes

SEATTLE: Boeing Co said on Thursday it would take an after-tax charge of US$4.9bil in the second quarter on estimated disruptions from the prolonged grounding of its lucrative 737 MAX passenger jets after two deadly crashes.

Business 11 Jul 2019 | 12:17 AM

Ryanair sees risk to 2020 growth if 737 MAX grounded beyond November

BRUSSELS: The boss of Europe's Ryanair Holdings warned on Wednesday the impact of the prolonged grounding of Boeing Co's 737 MAX on the airline's growth plans may start to spill over to next summer if the airplane is not flying again by November.