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Business 08 Oct 2016 | 12:00 AM

Bank clampdown dims allure of scandal-hit Baltic haven

RIGA (Latvia): Many Latvians got a shock this summer when they were informed their bank accounts risked being blocked if they didn’t hand over details of their citizenship, financial plans and any ties to high-level politics.

Business 01 Jun 2016 | 2:42 PM

Wall St opens lower on weak China data, oil prices

NEW YORK: US stocks started the month in the red on Wednesday as falling oil prices and weak factory data from China reduced the chances of a rate hike this month, dragging on financial stocks.

Business 11 May 2016 | 7:30 PM

Wall Street drops, Disney and Macy’s slam consumer shares (Update 1)

NEW YORK: US stocks dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy’s and Fossil reverberated across the consumer sector.

Property 19 Apr 2016 | 5:12 AM

More uncertainties expected in Malaysia's property market

PUTRAJAYA: The residential property sub-sector is expected to experience further softening in 2016 in view of the various internal and external uncertainties, while issues on affordable housing and affordability of home purchasers will continue to top the national agenda this year, according to Deputy Finance Minister Datuk Chua Tee Yong.

Markets 18 Apr 2016 | 2:52 PM

Oil shares weigh on European shares as Doha deal fails

LONDON/MILAN: European shares steadied on Monday after a weak open, with oil stocks weighing on the market as crude prices tumbled after a meeting by major exporters in Doha collapsed without a deal to freeze output.

Business 24 Mar 2016 | 12:00 AM

Challenging year ahead for APB Resources

KUALA LUMPUR: APB Resources Bhd says it will be a challenging year ahead for it.

Business 20 Feb 2016 | 12:00 AM

The Fed and markets disconnect

MY lunch buddies at the Royal Lake Club’s Batek Bar know what Canadian Dry is. They have no clue what Baltic Dry is though. Why the interest?

Business 05 Feb 2016 | 7:14 PM

Wall Street extends selloff after jobs data; tech stocks slump

NEW YORK: Wall Street extended a sharp selloff in afternoon trading on Friday after data showing the US unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak forecasts.

Economy 03 Mar 2014 | 5:56 PM

Stock markets hit by Ukraine war threat, gold, oil jump

LONDON: The rising threat of war between Ukraine and Russia spooked markets and sent investors scurrying for relative safety on Monday, pushing stocks down sharply and lifting gold to a four-month high.

Economy 14 Jan 2014 | 12:00 AM

Most firms see bribery as part and parcel of doing business

PETALING JAYA: An alarmingly high percentage of Malaysian businesses, including a significant number of listed companies on Bursa Malaysia, see bribery and corruption as an “inevitable cost of doing business”, a survey by KPMG Malaysia revealed.