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Business

Philippines falls most among Asean markets on tepid growth data

SINGAPORE: The Philippine stock index fell nearly 2% on Thursday after a disappointing first-quarter growth data, while most of its peers in the region extended losses as investors remained edgy ahead of the crucial U.S.-China trade talks.

Business

China weakness spreads far and wide, from Caterpillar to Nvidia

NEW YORK: Caterpillar Inc. manufactures huge yellow bulldozers. Nvidia Corp. makes minuscule computer chips. Their products have little in common, but their earnings on Monday pointed to the same direction: demand in China is slowing down for a widening type of goods.

Business

Executives raise global growth alarm on risks from China to UK

HONG KONG: Corporate executives are increasingly nervous about the global economic outlook as they see threats multiplying from China to trade to Brexit.

Business Premium

Wellcall gets technology boost from Sweden’s Trelleborg

INDUSTRIAL rubber hose manufacturer Wellcall Holdings Bhd charts another milestone when it inks a joint venture with Sweden’s Trelleborg Holding AB – a world leader in engineered polymer solutions provider.

Business

Palm oil seen to be in range bound trade next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives will likely remain in range-bound trading at between RM2,130 and RM2,170 next week, as traders may adopt a wait-and-see attitude, amid the ongoing trade tensions between the United States (US) and China, a dealer said.

Economy

China says ready to deal with any fallout from US trade row

BEIJING: China is well prepared to handle any negative effects from its trade dispute with the United States, the commerce ministry said on Thursday, adding that China's tariff hikes on U.S. imports will not have a big impact overall on its domestic industries.

Business

China says ready to deal with any fallout from U.S. trade row

BEIJING: China is well prepared to handle any negative effects from its trade dispute with the United States, the commerce ministry said on Thursday, adding that China’s tariff hikes on U.S. imports will not have a big impact overall on its domestic industries.

Business

PetChem unit executes RM3.92bil bridge loan

PETALING JAYA: PRPC Polymers Sdn Bhd, a wholly owned subsidiary of Petronas Chemicals Group Bhd (PetChem), has executed a bridge loan agreement of US$1bil (RM3.92bil) from various local and international banks