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Oil price rises near US$64/bbl on second downed Iranian drone

HOUSTON: Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.

The Bowerbird Writes

Lessons from Trump’s racist tweets

PRESIDENT Donald Trump singled out four coloured members of the United States House of Represent­atives in his recent tweets.

Business Premium

National cars maintain lead

National carmakers Proton and Perodua dominate sales over their foreign counterparts in the first half of this year as more customers traded their cars for more competitively-priced sport-utility vehicles (SUVs) despite the uncertain economic conditions.

Business

Perodua aims for record sales

KUALA LUMPUR: National carmaker Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is targeting record-high sales of 235,000 units for this year, driven by stellar demand for all its models.

Business

Asian stocks subdued

TOKYO: Asian shares were off to a cautious start on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations while oil prices firmed on worries over heightened tensions between the United States and Iran.

Business

Treasury Pulse

Global Forex Market

Business

Netherlands set to prosecute suspects in MH17 airliner downing

NIEUWEGEIN, Netherlands: International investigators are set on Wednesday to launch criminal proceedings against suspects in the shooting down of Malaysia Airlines Flight MH17 over eastern Ukraine nearly five years ago

Business

Inside SoftBank's push to rule the road

DETROIT: SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.

Business Premium

Should MAA’s selective capital reduction be priced higher?

WHEN it was announced that MAA Group Bhd’s major shareholders were looking to take the company private, investors were, understandably, very enthusiastic.

Business

Should MAA’s selective capital reduction be priced higher?

WHEN it was announced that MAA Group Bhd’s major shareholders were looking to take the company private, investors were, understandably, very enthusiastic.