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BEIJING: Prices for German luxury cars in China are tumbling as the country’s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers.
KUALA LUMPUR: RAM Rating Services has reaffirmed the ratings of MRCB Southern Link Bhd’s two tranches of Sukuk but with a negative outlook.
KUALA LUMPUR: UOB Asset Management is positive about Malaysian equities as opposed to fixed income and has made an “overweight” call on equities despite the continued uncertainty in oil prices.
PETALING JAYA: Petroliam Nasional Bhd (Petronas) is looking to make cuts in its operating expenditure (opex) by between 25% and 30% to preserve its profitablity as crude oil prices continue to tumble.