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Economy 13 Dec 2018 | 11:17 PM

Bond giant Pimco expects 30% chance of US recession

NEW YORK: Declining global economic growth rates will boost defensive stocks and could lead to opportunities in emerging market currencies and mortgage bonds in the year ahead, asset manager Pacific Investment Management Co (Pimco) said in its 2019 outlook on Thursday.

TECH 13 Dec 2018 | 11:30 AM

'Black Panther' is Google's most-searched movie of 2018

Google's 2018 Year in Search reveals that 'Black Panther' was the year's most searched-for movie, while the late Spider-Man creator, Stan Lee, features in the top five most-searched for terms of 2018.

Football 13 Dec 2018 | 10:11 AM

United need old De Gea back for visit to Liverpool

LONDON (Reuters) - Even Manchester United's reliable last line of defence David de Gea has struggled for form this season but the Spanish keeper will need to be at his best in Sunday's clash with bitter rivals Liverpool at Anfield.

Corporate News 13 Dec 2018 | 9:58 AM

China's WuXi AppTec ends flat on Hong Kong debut

HONG KONG: Shares of Chinese medical tech platform WuXi AppTec ended flat on their first day of trading in Hong Kong on Thursday, joining a list of subdued debuts in the city this year with trade tensions keeping investors on tenterhooks.

TECH 13 Dec 2018 | 9:30 AM

Vietnam's newest ride-hailing app Be gets funding ahead of launch

Vietnam's newest ride-hailing player Be said it secured "hundreds of millions US dollars" of investments as it gets ready for launch next week to compete with regional players such as Grab.

Corporate News 13 Dec 2018 | 7:24 AM

Eco World Development's Q4 net profit jumps to RM33.71m

KUALA LUMPUR: Eco World Development Group Bhd posted a net profit of RM68.53mil in the fourth quarter ended Oct 31, more than double the sum of RM33.71mil recorded in the year-ago quarter on contributions from its joint ventures and projects.

Corporate News 13 Dec 2018 | 6:30 AM

EcoWorld International posts FY2018 net profit of RM35.24m

KUALA LUMPUR: Eco World International Bhd turned profitable in FY2018 ended Oct 31 with a net profit of RM35.24mil as compared to a net loss of RM87.63mil in the previous financial year due to contributions from its UK joint venture's projects in the Built-to-Rent (BtR) subsector.

Corporate News 13 Dec 2018 | 5:31 AM

Huawei freezes orders from Japan supplier after CFO arrest

TOKYO: The surprise arrest of Huawei Technologies Co.’s Chief Financial Officer Meng Wanzhou is about to impact one of the Chinese company’s suppliers in Japan.

Corporate News 13 Dec 2018 | 5:26 AM

Protasco JV terminated as contractor for SUKE project

KUALA LUMPUR: Protasco Bhd's subsidiary HCM Engineering Sdn Bhd and its partner have been terminated by Turnpike Synergy Sdn Bhd as a contractor for the proposed Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) due to delays in the project.

Markets 13 Dec 2018 | 4:56 AM

KLCI extends rebound as China delays industrial dominance plan

KUALA LUMPUR: Bursa Malaysia extended its rebound on Thursday on overnight news that China may be delaying plans to dominate the high-tech sector in a bid to ease trade tensions with the US.