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Auto 07 Dec 2018 | 12:00 AM

Tesla to start production in China in second half 2019

SHANGHAI: Tesla Inc plans to start production in China in the second half of next year, the city of Shanghai said, as the US electric-carmaker advances its push in the world’s largest auto market.

Markets 06 Dec 2018 | 10:26 PM

World stocks down on China exec arrest

NEW YORK: Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision.

World 06 Dec 2018 | 7:57 PM

Russian chefs offer soup to warm homeless on cold St Petersburg nights

ST PETERSBURG (Reuters) - Most weeks, Roman Redman does a few extra hours in the kitchens of his ribs and burger joint in Saint Petersburg to cook for a less hipster clientele: the city's poor and homeless.

Corporate News 06 Dec 2018 | 2:37 PM

US probe of China's Huawei includes bank fraud accusations

WASHINGTON: Chinese telecoms giant Huawei Technologies Co Ltd's chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe.

Economy 06 Dec 2018 | 2:25 PM

US trade deficit hits 10-year high; private hiring slows

WASHINGTON: The U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high, suggesting the Trump administration's tariff-related measures to shrink the trade gap likely have been ineffective.

Corporate News 06 Dec 2018 | 10:27 AM

Top Glove, AMMB to replace Telekom, KLCCP Stapled in KLCI

KUALA LUMPUR: Top Glove Corporation Bhd and AMMB Holdings Bhd will be included in the FTSE Bursa Malaysia KLCI with effect from Dec 24, taking over from Telekom Malaysia Bhd and KLCC Prop & REITS – Stapled Securities.

Markets 06 Dec 2018 | 9:43 AM

No respite for Bursa, key Asian markets as investors avoid riskier assets

KUALA LUMPUR: Bursa Malaysia extended its losses for the third day on Thursday as Tenaga Nasional continued to come under selling pressure while key Asian markets fell on US-China trade worries.

Corporate News 06 Dec 2018 | 4:43 AM

Hopewell chairman to take developer private for US$2.7b

SYDNEY: The family of Hopewell Holdings Ltd. Chairman Gordon Wu aims to take the Hong Kong developer private for HK$21.3 billion ($2.7 billion).

Corporate News 06 Dec 2018 | 4:39 AM

China, HK shares slump tech leads losses after Huawei CFO arrest

HONG KONG: Sharp losses in technology shares pulled down benchmark stock indexes in China and Hong Kong on Thursday, after the global chief financial officer of Chinese technology giant Huawei was arrested in relation to alleged violations of US sanctions.

Stock on the Move 06 Dec 2018 | 1:55 AM

Berjaya Food rises 3% after strong earnings report

KUALA LUMPUR: Berjaya Food Bhd rose 3% in early trade Thursday following a strong earnings report.