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Business

Bursa, Asian and European markets fall ahead of Brexit vote

KUALA LUMPUR: Bursa Malaysia joined the key Asian markets to end Monday in the red ahead of the crucial Brexit vote and another round of the US-China trade talks while weaker oil prices weighed on oil stocks.

Business

Schroders highlights four black swans for 2019

KUALA LUMPUR: Another eurozone crisis, No Brexit, military action and US President Donald Trump does not run for re-election in 2020 are the four black swans which Schroder Investment Management has highlighted in its outlook for this year.

Business

Growing Asean-China trade provides opportunities for Malaysia exporters

KUALA LUMPUR: The growing ASEAN-China trade is providing Malaysian exporters with more opportunities to tap the business potential offered by the world's second largest economy.

Business

US Treasury set to borrow US$1 trillion for a second year to finance deficit

NEW YORK: The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.

Business

Affin Hwang AM's China Tracker Fund ETF lists on Bursa

KUALA LUMPUR: Affin Hwang Asset Management Bhd's (Affin Hwang AM) TradePlus S&P New China Tracker was listed on the Main Market of Bursa Malaysia on Monday.

Business

AirAsia Group records 14% increase in passengers in 2018

KUALA LUMPUR: AirAsia Group Bhd recorded a 14% increase in passengers carried in 2018 to 44.43 million from 39.09 million in 2017, according to the low-cost carrier group.

Markets

KLCI struggles to make headway, Suiwah rallies 22%

KUALA LUMPUR: The FBM KLCI failed to hold on to early gains, slipping 2.32 points by the end of the morning session to 1,698.71.

ASEAN+

Chinese rights lawyer jailed for 'subversion'

Beijing (AFP) - Prominent Chinese human rights lawyer Wang Quanzhang was sentenced on Monday to four and a half years in prison for state subversion, sealing the fate of another attorney swept up in a 2015 crackdown.

Business

Aramco's US$1.6b Hyundai stake deepens refiner ties in Asia

SINGAPORE: Saudi Arabian Oil Co. is buying up to 19.9 percent of South Korean oil refiner Hyundai Oilbank Co. for 1.8 trillion won (US$1.6 billion), tightening the OPEC behemoth’s grip in the world’s biggest crude consuming region.

Business

Oil prices fall on rising US rig count, economic slowdown

SINGAPORE: Oil prices fell on Monday after U.S. energy firms added rigs for the first time this year in a sign that crude production there will rise further.