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Philips is setting aside RM1.2bil to address issues that are expected to arise from the recall of its faulty sleep and respiratory care equipment.
Asian shares were mostly lower on Monday after China reported its economy grew at a meager 4.9% annual pace in July-September.
A worse-than-expected third quarter economic performance for China has indicated there could be more pain ahead in the final three months of the year, while stoking fears of “stagflation”, analysts say.
(Reuters) - J.P.Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple Inc's iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.
Indonesia’s central bank left its benchmark interest rate unchanged and extended policies to boost domestic demand, saying it likely won’t tinker with rates for another year.
PETALING JAYA: Despite the headwinds brought on by the Covid-19 pandemic, applicants for Export Excellence Awards 2021 have witnessed a positive growth trajectory year-on-year, according to the chief judges in the first round of judging for the awards programme.
CHANGSHA: China is showing its determination to help bring the global economy back on track and make continuous contributions to global economic security and sustainable development, according to officials, entrepreneurs and experts at a global forum held in Changsha, the capital of Central China’s Hunan province.
SYDNEY: China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources Inc, one of the world’s top producers of the metallurgical variety that’s key to steelmaking.
SEOUL: Strong gains in South Korea’s exports this month suggest global demand is holding up despite headwinds from supply chain snags and an energy crunch disrupting Chinese production.