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PETALING JAYA: Tan Chong Motor Holdings Bhd’s distribution agreement for the Nissan Sunny and X-Trail models in Vietnam will not be renewed.
WASHINGTON/BUENOS AIRES: The Trump administration is readying a new initiative that would use financial incentives to encourage U.S. firms to move production facilities out of Asia and into the United States, Latin America and the Caribbean, a senior White House adviser said on Wednesday.
SINGAPORE: When Credit Agricole SA and HSBC Holdings Plc issued a payment guarantee for a US$76.5mil fuel purchase from a Singapore trader in March, they unwittingly became the latest victims in a series of trade finance scandals that have led to more than US$9bil in potential losses for global lenders.
KUALA LUMPUR: Shares in Khee San Bhd rose in early trade despite receiving a letters of demand for a RM4.96mil loan repayment from OCBC Al-Amin Bank Bhd.
KUALA LUMPUR: JF Apex Research expects AirAsia Group Bhd, Kossan Rubber Industries Bhd, CB industrial Product Bhd, Khee San Bhd, Yinson Holdings Bhd and Icon Offshore Bhd to be among the stocks to watch on Tuesday.
WASHINGTON: The U.S. Federal Reserve's massive stash of bonds and other assets slipped for a third straight week to its smallest size since mid-May, data released by the central bank on Thursday showed.
FRANKFURT: Commerzbank AG chief executive officer Martin Zielke may eliminate more than 7,000 jobs and close about 400 branches as he tries to respond to frustration among shareholders, including the German government and Cerberus Capital Management, over the pace of cost-cutting efforts, according to sources.
KUALA LUMPUR: Axiata, MBSB, KUB, Widad and Pansar are among the stocks to watch on Friday after their corporate news, JF Apex Research says.
SINGAPORE's biggest telecom operators chose Ericsson AB and Nokia Oyj as their main 5G network providers, leaving China’s Huawei Technologies Co. with less significant contracts in the city state.