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VS Industry reports 21% jump in Q1 net profit
KUALA LUMPUR: VS Industry Bhd posted a jump in its quarterly earnings, but warned its outlook remained challenging amid uncertainties arising from the ongoing US-China trade conflict.
Cautious trading seen as market enters 2020
PETALING JAYA: The FBM KLCI is set to enter 2020 with high caution, amid concerns of domestic political uncertainty and poor policy implementation, according to UOB Kay Hian Malaysia Research.
China sees US delaying Dec 15 tariffs as talks continue
WASHINGTON: Chinese officials expect President Donald Trump to delay a threatened tariff increase set for Sunday, giving more time to negotiate an interim trade deal that both sides continue to insist is close to fruition despite a series of missed deadlines, according to people familiar with the discussions.
Foreigners turn net sellers of Asian equities in November
BENGALURU: Foreigners turned net sellers of Asian equities in November amid mixed signals on whether the United States and China were getting closer to reaching a preliminary trade deal.
AmInvest Research maintains Underweight for building materials
KUALA LUMPUR: AmInvestment Research is maintaining its Underweight for the building material sector.
Huawei mounts legal challenge against FCC over rural carrier customers
SHENZHEN, China: China's Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program.
PBOC signals policy to stay cautious amid uncertain data
BEIJING: China’s central bank governor sounded a cautious tone on the health of the global economy, while signaling that the nation’s monetary policy makers will continue to refrain from large-scale easing steps.
Petronas profit slides
PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) profit for the third quarter fell almost by half, dragged down by lower crude oil prices and net impairment losses.