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Markets 06 Mar 2018 | 10:00 AM

Nestle, Public Bank scale to record highs again

KUALA LUMPUR: Key Asian markets rebounded on Tuesday as worries about a US trade war eased while at Bursa Malaysia, Nestle and Public Bank hit record levels again on fund buying.

Corporate News 06 Mar 2018 | 8:55 AM

EU proposes retaliatory tariff of 25% against US goods

BRUSSELS: The European Union intends to target 2.8 billion euros ($3.5 billion) of U.S. goods ranging from T-shirts and whiskey to motorcycles and ladders should President Donald Trump go ahead with his plan to impose a 25 percent tariff on foreign steel.

World 06 Mar 2018 | 7:12 AM

Companies, industry groups target Congress to derail Trump tariffs

WASHINGTON (Reuters) - Automakers, business groups and farmers took their fight against U.S. President Donald Trump's proposed tariffs on steel and aluminium to Capitol Hill on Monday, betting that Republican lawmakers would stand up to the White House on their behalf.

World 06 Mar 2018 | 7:12 AM

Republican U.S. Representative Walker urges rejection of planned tariffs

WASHINGTON (Reuters) - The head of the largest group of conservatives in the U.S. Congress on Monday urged the Trump administration to reject its proposed tariffs on steel and aluminium imports, saying they would weaken the U.S. economy.

World 06 Mar 2018 | 2:07 AM

WTO chief urges states to stop first dominoes of trade war

GENEVA (Reuters) - The head of the World Trade Organization told member states on Monday they must prevent "the fall of the first dominoes" in a trade war and warned of a real risk of triggering an escalation of global trade barriers and a deep recession.

Markets 06 Mar 2018 | 1:37 AM

KLCI rebounds early Tuesday as Press Metal climbs

KUALA LUMPUR: Key Asian markets including Bursa Malaysia staged a rebound early Tuesday, tracking the firmer overnight close on Wall Street as worries about a trade war eased.

World 06 Mar 2018 | 1:17 AM

U.S. House speaker urges Trump not to advance with tariffs - spokeswoman

WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan on Monday urged the Trump administration not to move forward on new tariffs on steel and aluminum announced last week, citing the risks to the economy.

Analyst Reports 06 Mar 2018 | 1:00 AM

Trading ideas: IOI Corp, LBS Bina, Globetronics

KUALA LUMPUR: IOI Corp, LBS Bina Group Bhd and Globetronics Technology Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.

World 06 Mar 2018 | 12:28 AM

Trump's extraordinary tariffs

GENEVA (Reuters) - President Donald Trump's plans for a 25 percent tariff on U.S. imports of steel and 10 percent on aluminium have created a global outcry. The following explains why the use of these particular tariffs is so controversial among trade experts.

Business 06 Mar 2018 | 12:00 AM

Steel an uneasy sentiment

PETALING JAYA: Investor sentiment has turned cautious as signs of a trade war loom, following an announcement late last week by the United States to impose tariffs on steel and aluminium imports.