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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.
Matrade: Trade war creates opportunities for Malaysia
KUALA LUMPUR: Malaysia External Trade Development Corporation (Matrade) has identified various Malaysian products which could potentially fill in the gaps arising from the United States-China trade conflict.
Hong Kong’s bruised stocks too cheap to ignore for some
HONG KONG: Even as Hong Kong stocks tumble, some investors are having a hard time turning down what they see to be a good deal.HONG KONG: Even as Hong Kong stocks tumble, some investors are having a hard time turning down what they see to be a good deal.
Asian markets fall, Petronas stocks weigh on KLCI
KUALA LUMPUR: Key Asian markets were in a sea of red on Thursday, with Bursa Malaysia also joining suit as losses by Petronas-linked stocks weighed on the FBM KLCI as the US-China trade tension showed no signs of abating.
Oil slumps on oversupply fears, trade talk concerns
NEW YORK: Oil fell more than $1 a barrel on Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute that has clouded the outlook for oil demand.
Wall Street bonuses poised to drop as banks focus on cost cuts
NEW YORK: Traders and bankers hoping a better-than-expected third quarter would boost their year-end pay are likely to be disappointed.