Ringgit higher for 3rd straight day as US$ drifts

KUALA LUMPUR: The ringgit opened higher against the US dollar for the third consecutive day, taking advantage of the drifting greenback and the oil market rally.

Stellantis CEO seeks to balance profits and jobs

LONDON: Stellantis NV boss Carlos Tavares’ public debut as head of the automaker formed from the merger of Fiat Chrysler and PSA Group was a testament to the delicate balancing act he has ahead.

Italy public debt to hit new post-war record at 158.5% of GDP

ROME: Italy forecasts its debt to soar to a new post-war record level of 158.5% of gross domestic output (GDP) this year, surpassing the 155.6% goal it set in September, a government source told Reuters on Saturday.

Malaysia not alone in launching Covid-19 emergency

Lockdowns threaten first-quarter earnings recovery globally

LONDON/NEW YORK: A major chunk of the global recovery in companies' earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said.

Timely to study HSR contribution to economy

Ensure good connectivity and mobility, say analysts

Italy gives UK finance firms Brexit grace period until June 30

ITALY is giving U.K. finance firms a six-month post-Brexit grace period in which they can await authorization to do business in the country as non-European Union companies, the Italian market regulator said Saturday.

Heard on the street

Last year has been so-so. Dominated by the emergence of the pandemic Covid-19 and its adverse impact on the world at large. So much so, Covid-19 became the most used word of the year.

Europe urged to keep regulations banks blame for blocking mergers

Brussels: A European Central Bank (ECB) push to make it easier for the region’s chronically unprofitable banks to merge is facing opposition from some national regulators, with one top official warning it could backfire and damage the integration of the financial system.

Draghi’s capitalist model that recast Italy is running aground

ON June 2,1992, Italy’s then-chief Treasury official, Mario Draghi, stepped aboard Queen Elizabeth II’s yacht, Britannia, docked near Rome, to ask a group of British bankers for help in slimming down the country’s bloated public sector.