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HUAWEI Technologies Co. sold its Honor smartphone business to a Chinese government-backed consortium for an undisclosed amount, hiving off the entry-level devices arm after the Trump administration cut off its access to American technology.
KUALA LUMPUR: Shares in Top Glove Corp Bhd fell 10% on Tuesday after Malaysia tightened movement curbs in an area where the company's dormitories are located to enable targeted coronavirus screenings of workers and residents.
NEW YORK: Asian stocks opened firmer on Tuesday after the S&P 500 and Dow Jones indexes hit record highs on news of another promising coronavirus vaccine, which supported hopes of a quicker economic recovery.
NEW YORK: The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating COVID-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.
LONDON: Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation.
SAN FRANCISCO: Qualcomm Inc has received a license from the U.S. government to sell 4G mobile phone chips to China's Huawei Technologies Co Ltd, an exemption to U.S. trade restrictions imposed amid rising tensions with China.
STAKES are high for the results of Moderna Inc.’s coming Covid-19 vaccine trial. But as far as investors are concerned, the impact may already be in the price of financial assets.
THE ELECTION of Joe Biden as US president has prompted sighs of relief across the world - not least because his White House is expected to be a boon for the international economy.
KUALA LUMPUR: Karex Bhd is buying the remaining 30% stake in US-based Global Protection Corp (GP Corp) in a deal worth RM42.26mil that will give its American partner a 7.86% stake in the enlarged group.
WASHINGTON: The election of Joe Biden as U.S. president gives the International Monetary Fund a chance to reset its relationship with its largest shareholder and make green initiatives a bigger part of its global economic recovery plan