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Business 14 May 2019 | 12:00 AM

Funds flock to king dollar

SINGAPORE: The dollar is set to rise out of its current trading range as America’s tariff dispute with China takes a turn for the worse.

Business 25 Apr 2019 | 4:03 AM

A tycoon just spent US$180mil on Hong Kong luxury property

HONG KONG: A paper tycoon and his wife are reported to have made Hong Kong’s most expensive luxury property purchase this year, paying HK$1.45 billion ($180 million) for a nine-apartment complex in Repulse Bay.

Markets 05 Nov 2018 | 1:56 AM

Asia stocks lower on trade concern, pound jumps

TOKYO: Asian stocks fell after a reversal in U.S. equities on Friday, amid concern over whether trade tensions with China can be mended. The pound jumped on news of further progress in Brexit negotiations.

Business 05 Oct 2018 | 12:00 AM

Treasury sell-off enters second day as 10-year yields breach 3.2%

NEW YORK: A rout in Treasuries extended into a second day as global investors priced in stronger US economic growth and a faster pace of rate hikes. Benchmark 10-year yields climbed above 3.2% for the first time since 2011 and the dollar strengthened.

Investment 26 Oct 2017 | 4:32 PM

Global investors race for rare China sovereign bond, orders top RM93bil

HONG KONG: International investors piled into a rare global bond offering from China, boosting orders to over US$22bil (RM93.1bil), which allowed the issuer to price it at lower spreads than initially indicated on Thursday.

Banking 15 Aug 2017 | 12:00 AM

Commonwealth Bank starts CEO search as Narev departure date set

SYDNEY: Commonwealth Bank of Australia will embark on a global search for a new chief executive officer after saying Ian Narev will step down within 10 months, as the nation’s largest lender seeks to mitigate the fallout from a money-laundering scandal.

Business 21 Nov 2009 | 12:00 AM

Keen for a trip to Iceland?

Big drop in currency value makes formerly expensive destination attractive.

Business 11 Apr 2008 | 12:00 AM

Aviation sector struggling with rising fuel costs

While some airlines struggle to cope with record oil prices and weakening economic growth, others have been forced to halt their operations.

Business 13 May 2005 | 12:00 AM

StanChart: Find the right partner before going to China

LOCAL companies wanting to penetrate the China market must ensure they have the 'right' banking partner to ensure success in their business, Standard Chartered Bank Malaysia Bhd (StanChart) senior banker Raymond Lee said.

Business 29 Jan 2004 | 12:00 AM

StanChart appoints new head for global market division

STANDARD Chartered Bank Malaysia Bhd (StanChart) has appointed Daniel Koh as its head of global markets division.