Traders shun risky assets as new lockdowns loom

NEW YORK: Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.

Total vehicle sales up for third consecutive month in August

PETALING JAYA: Total vehicle sales continued its upward trajectory for the third consecutive month this year in August, rising 3% to 52,800 units from 51,148 units in the previous corresponding period, as the government’s tax exemptions and aggressive promotional campaigns by automotive companies continued to drive sales.

Thomas Cook resurrected as online travel firm

Poh Huat sees stronger orders on pent-up US demand for home furniture  

KUALA LUMPUR: Poh Huat Resources Holdings Bhd sees strong orders for home furniture from customers in the US ahead of the year end holidays. KUALA LUMPUR: Furniture maker Poh Huat Resources Holdings Bhd said pent up demand is driving up sales to the US, its key export market, as more American stay and work from home.

China set for travel boom next month

Local tourism expected to surge as it celebrates national day and mid-autumn festival in October

Chinese property firms weigh cutting home prices after Evergrande's deep discounts

HONG KONG: Country Garden, China's top property developer, and smaller real estate firms are weighing offering bigger discounts on home buys after rival Evergrande unveiled its steepest ever discount this week, analysts and a source said.

Philippines seeing signs of economic growth

DESPITE imposing one of the world’s longest and strictest lockdowns, coronavirus cases in the Philippines have now surged past 230,000, with Indonesia eclipsed as the region’s biggest outbreak.

It’s time for recovery

For those who travel to the United Kingdom, Malaysians who arrived after Aug 11 do not need to self isolate as Malaysia is now considered a “safe” country. Countries with low Covid-19 infection rates are rated accordingly but the decision can be reversed when the infection rates go up like they did in France and Spain.

Standard Bank sees trading revenue falling

JOHANNESBURG: Standard Bank Group Ltd, Africa’s largest bank, expects trading revenue to fall in the second half of the year as a jump in credit losses cuts profit.

Australia's NAB cash profit falls 6% as loan repayments crawl

National Australia Bank Ltd reported a 6.1% drop in quarterly cash profit as it increased provisions to cover coronavirus-led loan losses, and said less than a fifth of the customers it contacted had begun repaying their home loans.