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PETALING JAYA: WCT Holdings Bhd’s long-drawn dispute over a Dubai racecourse project that dates back to more than a decade finally sees a resolution.
ONTARIO: General Motors Co (GM) will invest nearly US$800mil to bring production of the BrightDrop EV600 electric vehicle to its CAMI manufacturing plant in Ontario, Canada.
KUALA LUMPUR: The ringgit finished 180 basis points (bps) easier against the US dollar today as investors adopted a cautious stance while waiting for Prime Minister Tan Sri Muhyiddin Yassin’s announcement on the implementation of the Movement Control Order (MCO).
SYDNEY: Australian authorities extended a lockdown for Sydney’s Northern Beaches until at least Dec. 30 as a cluster of Covid-19 infections continues to grow
BEIJING: China is determined to evade the so-called “middle-income trap” and become a high-income economy in the next 15 years, with its “new development philosophy” guiding the way.
WASHINGTON: Chinese Foreign Minister Wang Yi assured U.S. executives during a videoconference on Sunday that Beijing remained committed to the Phase 1 trade deal with the United States, the head of the US-China Business Council said.