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Corporate News

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.

Banking

Australia's cenbank holds rates, sounds less upbeat on growth

SYDNEY: Australia's central bank left interest rates at record lows on Tuesday, as expected, and sounded less confident that the economy would grow at 3 percent or more this year, in another sign rates will likely remain on hold for months to come.

Forex

Ringgit supported by renewed interest, rising oil prices

KUALA LUMPUR: The ringgit opened higher against the US dollar today on renewed buying interest in the local note, as news on proposed US tariffs on aluminium and steel continued to linger over the market, said a dealer.

World

Sierra Leone to vote for new leader after years of economic crisis

FREETOWN (Reuters) - Sierra Leone will vote on Wednesday for a successor to President Ernest Bai Koroma in an election dominated by an economic crisis caused by a collapse in iron ore prices and an Ebola epidemic.

Metro News

Bringing a little cheer for the underprivileged in Kampar

THE Lunar New Year was especially good to Beautiful Gate Foundation for the Disabled in Kampar as they received a generous donation from Deputy Finance Minister Datuk Lee Chee Leong.

Metro News

Chances of success better at early stage of mental illness

KUCHING: There is a need for greater public awareness on seeking treatment early for mental illness, says the Welfare, Community Wellbeing, Women, Family and Childhood Development Ministry.

Metro News

Smaller Thaipusam collection for temples

MORE than RM264,000 in cash and gold worth RM15,688 were collected from the public through donation boxes placed at the Waterfall Hilltop Temple and the Arulmigu Sri Ganesha Temple during Thaipusam, said Penang Hindu Endowment Board exe­cu­tive director M. Ramachandran.

Letters

Traffic safety near schools

From DATUK DR AMAR-SINGH HSS (Consultant paediatrician), DR TEOH YEN-LIN (Paediatrician), DR LIM VOON-LEE (Paediatrician), LIM WEI-YIN (Research Pharmacist) of Clinical Research Centre Perak.

Economy

Eurozone economy less buoyant

LONDON: The eurozone economy may have lost a little more momentum than initially estimated in February, adding to signs that the pace of growth may be moving past its peak.

World

Italian banks, bonds bear brunt of election fallout

MILAN (Reuters) - Italian bonds and banking stocks took the brunt of a market sell-off on Monday after a national election delivered a hung parliament and strong gains for anti-establishment parties.