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KUALA LUMPUR: The High Court here has fixed Aug 19 to hear an application by PetroSaudi Oil Services (Venezuela) Ltd (PSOS-VZ) which seeks to amend an interim court order that prohibits them from moving more than US$340mil (RM1.425bil) from the company’s account overseas.
LONDON: UK consumer spending warmed up along with the weather in July as people bought more takeaway food and visited local shops.
The use of coal is one of the biggest contributors to climate change, yet many Asian countries, including Malaysia, keep building coal-fired power plants. An energy expert shares why it’s no longer necessary to depend on the polluting material.
NEW YORK: A trio of risks confronts emerging markets following a period in which prices have stuck to the August script, with implied currency volatility increasing in the five days through Friday by the most since the March rout.
Barclays Plc faces a UK privacy investigation over software that checks on what staff are doing, the Information Commissioner’s Office said Aug 10.
TAIPEI: Taiwan’s exports unexpectedly rose for the first time since February, spurred by a surge in United States and Chinese demand for technology prod
ALTHOUGH Malaysia has been heralded as one of the most successful countries in handling Covid-19, our economy has taken a strong hit in our efforts to overcome the pandemic. At 3.9%, Malaysia’s unemployment rate is the highest in a decade and it is expected to rise to 5.5%.
LONDON: Britain’s banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, Brexit and low interest rates caused them to bake tougher “worst-case” scenarios into their risk models.