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Business 05 Jul 2019 | 12:00 AM

Draghi should replace Lagarde at the IMF

Christine Lagarde’s nomination as president of the European Central Bank (ECB) takes Mario Draghi a step closer to the end of his term. The Italian academic will step down in October after eight momentous years, during which he made the ECB the most important institution in the monetary union.That doesn’t mean, however, that he should retire from front-line policymaking. A job swap with Lagarde, which would see Draghi become the managing director of the International Monetary Fund (IMF), would be a boon for the global economy.

Business 04 Jul 2019 | 12:00 AM

Centurium Capital raises US$2bil from Singapore's Temasek and others

HONG KONG: China’s Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than US$2bil in its debut fund, giving the private equity firm more firepower to cut deals involving the world’s second largest economy.

Business 03 Jul 2019 | 12:00 AM

CPO futures extend gains in anticipation of lower production

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended gains to close higher, amid expectation of lower production in the coming weeks, a dealer said.

Business 02 Jul 2019 | 5:06 AM

Australia's central bank cuts rates to 1%, likely not done yet

SYDNEY: Australia's central bank on Tuesday cut interest rates for the second time in as many months as it strives to revive a sluggish economy and reduce unemployment, a tough task that may yet require even more stimulus.

Business 01 Jul 2019 | 12:00 AM

Thong Guan to spend up to RM40mil on expansion


Property 01 Jul 2019 | 12:00 AM

IJM Land revising plan for The Light City

GEORGE TOWN: IJM Land Bhd is expected to start the construction work for its RM4bil The Light City project by the second quarter of next year.

Business 30 Jun 2019 | 11:25 PM

Fearing stock market rout, investors seek shelter in dependable dividends

LONDON: Defensive equity strategies focused on high payouts and steady earnings have gained in popularity this year as investors flock to safety, worried the biggest stock market rally in decades is about to come crashing down.

Business 29 Jun 2019 | 12:00 AM

Penang property market seen to be challenging in medium term

THE Penang property market, over the short to medium term, is expected to be challenging as a result of strong incoming supply of new units.

Business 28 Jun 2019 | 11:27 PM

Halfway through 2019, tech leads on Wall Street

SAN FRANCISCO: Technology stocks are Wall Street's top performers as 2019 hits half-way, with investors betting on lower interest rates, although Apple and chipmakers face turbulence related to the U.S.-China trade war.

Business 28 Jun 2019 | 11:15 PM

Many Hong Kong youths look to flee to Malaysia, Taiwan, Thailand

HONG KONG: Immigration consultants in Hong Kong have seen a dramatic surge in inquiries, especially from the young, after mass protests against an extradition bill that would allow people to be sent to mainland China from the Asian financial hub for trial.