Business
YU Syndicate Axes ALX Directors YNH Property is caught Red-Handed
Breaking News: YNH Property Bhd Entangled in MYR 20 Million Embezzlement...
YNH Property Bhd Scandal: A Family Affair of Fraud, Embezzlement, and...
Asian FX, stocks rise as strong U.S. GDP data aids risk...
IAEA sends staff to all Ukraine nuclear plants in safety bid
Malaysia’s total trade up 8.6% to RM236bil in December 2022
China investment will boost green economy in Malaysia, says biz leader
WHO says 99% of the world’s population breathes poor-quality air.
US accuses Russia of endangering nuclear arms control treaty
S&P downgrade indicates Russia headed for historic default
Pakistan Economic Survey 2022/23: Challenges, Growth, and Government Initiatives
The US hits Russia with ‘war crimes’ sanctions, Europe following.
Bursa Malaysia inks collaboration with UMW, Maybank to roll out centralised...
The first direct contact between Biden and the Chinese president.
PETRONAS and Phoenix Petroleum Sign MoU for Downstream Marketing and Tech...
IJM Corp entered into a deal with KLK to dispose of...
Asia-Pacific leaders condemn war, renew calls for open trade
Better Internet connectivity for Sarawak with a new submarine cable to...
Industrial Shares Show Strength in Broadening Stock Market Rally | Analysts...
Austria’s AT&S picks Malaysia as a tech hub
Malaysia to increase efforts to address semiconductor backlog orders.
Bursa Malaysia announces 21 additions to F4GBM index constituents
Germany, Japan seek economic cooperation
The US, EU sign data transfer deal to ease privacy concerns
HSBC: Malaysia, Singapore regional hubs for green financing
Taiwan fears impact of US chip restrictionso
Bubble tea chain raises US$656m in Hong Kong IPO
Indonesia exits recession with 7% GDP growth in Q2, but virus...
TM, ZTE Malaysia team up to build hybrid cloud 5G core...
Australia pledges additional $80 billion coronavirus stimulus to rescue jobs
Philippines’ Jollibee continues overseas expansion after raising $600m from bond sale
Malaysia extends tax break for corporate investors to 2022.
Electric car maker Tesla secures billion-worth loan to finance Shanghai Gigafactory
Malaysia picks Ericsson for RM11bil project to deploy 5G nationwide
New China-Laos-Thailand train builds efficiency for China and Asean trade
Filipino-Chinese businessman arrested for “pandemic profiteering”
Japan approves chip development project with Taiwan’s TSMC
Gardenia Malaysia speaks up about viral video of product tampering
Bank Negara, Bank of Thailand launch cross-border QR payment linkage
Biden, Modi to speak as US presses for a hard line...
Apple’s acquisition of weather app Dark Sky is sad news for...
Europe bans Russian diesel, other oil products over Ukraine
Boustead Plantations expects continued volatility in palm oil prices
Japan rolls out $1 trillion stimulus package to soften coronavirus impact
MBSB Bank, Prec ink pact to drive cashless business transactions among...
2 Taiwanese electronic companies enter world’s top PC vendors
Taipei-based Acer Inc. and Asustek Computer Inc. once again made it to the list of the world’s top 10 computer manufacturers in terms of shipments.The results were released by Gartner, a global market information advisory firm, which noted that the Taiwanese PC makers maintained high rankings despite a slight decline in their shares in 2019. […]
Malaysia’s palm oil stocks slide 6.56% in Feb
ECB hawks press case for more rate hikes to fight inflation
Telecom giants agree on mega telco merger to create a new...
Int’l law firm Appleby criticized over Paradise Papers leak
Budget 2023 will be among the focus for the 15th Malaysian...
Amazon to include Pakistan Sellers on its seller’s list
Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul
UN to vote on suspending Russia from the rights council.
WTO warns of ‘real’ recession risk in some major economies
Banks in Malaysia benefit from the diversified and competitive economy– Moody’s
EU eyes Russian officials, banks, industry for sanctions.
NATO planes to be sent to Romania to eye Russian activity
China faces global pressure over increasing counterfeit coronavirus gears
Reliance, Google to delay India smartphone launch
Russian space chief: Sanctions could imperil space station.
Nestle boosts reforestation in Americas to reduce carbon footprint
Swiss food giant Nestle S.A. has vowed to plant at least three million trees in Mexico and Brazil by next year as part of its reforestation initiative to help combat climate change. This serves as the first phase of the company’s plan to boost agricultural and environmental actions for the attainment of carbon neutrality by 2050. […]
Asia’s US$350bil gas projects intensify the clean energy debate.
Global food prices in 2022 hit record high amid drought, war
Philippines mandates BPOs to settle “Work from Home” policies until March...
Brunei gets top ranking for business regulation from top international economic...
Boris Johnson: Russian win would bring ‘age of intimidation’
Malaysia unlikely to go into recession due to economic diversification
UK regulator revokes license of Russia-backed broadcaster RT.
Greenhouse gas emissions rose in Rhode Island.
Malaysian companies urged to reduce plastic use to clean oceans
Malaysia’s king to meet political leaders as search for new PM...
Intel unveils $88B chipmaking expansion plan for Europe.
Germany seeks to boost renewable energy and cut Russian imports.
KAB partners Janakuasa in Vietnam renewable energy venture
Hong Kong once again ranked as world’s freest economy
US forces returning to Philippines to counter China threats
Chipmaker GlobalFoundries plans US$6bil expansion in Singapore, US, Germany.
U.S. OPENS PROBE INTO TESLA’S AUTOPILOT OVER EMERGENCY VEHICLE CRASHES
South Korean exports jump as employees worldwide work from home
New Russian offensive underway in Ukraine, says NATO
White House: Biden will travel to Europe for Ukraine talks.
UEM Sunrise partners Maybank Islamic’s HouzKEY
Asian stock markets mixed ahead of latest US jobs reading
IBM partners with new chipmaker Rapidus to make up lost ground
China’s new investment law: yay or nay?
War censorship exposes Putin’s leaky internet controls
UN chief: Don’t let Russia crisis fuel climate destruction.
US banks warn of recession amid rising inflation
Japanese tech giant Softbank launches 5G service
U.S. Senate Democrats float stock buyback tax.
Singapore and Vietnam to work on pacts to boost digital economy
UN: War in Ukraine to hurt poor nations importing grain
China’s Ant Financial applies for banking license in Singapore, joining Grab...
SpaceX launches 3 visitors to the space station for $55M each
Congress votes to suspend Russia’s trade status, enact an oil ban
Malaysia exports rise 9.8% to RM204.99bil in Feb
Philippines reopens businesses closed due to Taal volcano’s eruption
Biden bans Russian oil, warns of higher prices at US pumps.
Vietnamese products see enormous demand in the US market
AI to combat money laundering
RHB Bank on course to meet KPI targets
Global semiconductor equipment sales to hit record US$108.5bil this year
High energy costs trigger unrest in parts of Europe.
Retail loan growth likely to remain strong
Fears on global medicine shortage grow as coronavirus hit supply chains
The continued closure of factories in China due to the coronavirus threatens the supply of medicines worldwide as the production of active pharmaceutical ingredients were disrupted. China is the world’s largest maker of drug ingredients and particularly supplies those used for treating diabetes, blood pressure, headaches and fevers. With this, the Government of India has limited the […]
World Bank official says war-driven oil price hikes to slash growth...
Zelenskyy evokes Holocaust as he appeals to Israel for aid.
SK Hynix to invest US$11bil in new South Korea chip plant
INVESTOR CONFIDENCE RETURNS TO BURSA
China offers 31 million in aid to the Afghanistan government.
EU approves new sanctions against Russia over Ukraine war
Arizona Gov. Ducey hails Taiwan semiconductor investment
Bank Negara issues exposure draft on licensing and regulatory framework for...
Malaysian economy relatively resilient in 2023, says ICAEW
Grab PH suspends thousands of users over fraudulent activities
Silicon Valley Bank SVB run exposes rifts in venture capital world
EcoWorld in end-financing tie-up with Public Bank
Dutch brewer Heineken invests US$183 million for Brazil plant expansion
All payments for Govt services to be made on a cashless...
Telenor and Axiata win key approval for multi-billion dollar Malaysia tie-up
EU and UK hit Russia with wider sanctions that target luxury
Asian shares rise ahead of Fed decision on rate hike.
Lithuania cuts off Russian gas imports and urges the EU to...
Bill Gates resigns from the Boards of Microsoft and Berkshire Hathaway
Thai regulations hurdle Tesco’s sale of Asian assets
Singapore core inflation cools while acceleration risks loom
The U.S. reinstates 352 product exclusions from China tariffs.
Malaysia Banks to be held up by resilient earnings
US and China vowed to resolve economic disputes through comprehensive dialogue
Ambank Aids SMEs Via Strategic Partnership With PUMM
EU to mobilise RM47bil for Asean investments
Biden waiving the ethanol rule in a bid to lower gasoline...
KLCI falls as investors take profit, ringgit at 4.4760
Japanese postman faces criminal charge for keeping 24,000 mails at home
A 61-year-old former postman in Japan might be sentenced to three years imprisonment or be fined of about 500,000 yen ($4,600) after reportedly keeping 24,000 letters at his home. The Japanese authorities found the undelivered mails in the man’s house in the Kanagawa Prefecture, near Tokyo. The unnamed man admitted the wrongdoings for the reason […]
Ukraine war imperils wheat, but farmers are in no rush to...
Russia-Ukraine war in the world’s ‘breadbasket’ threatens food supply.
IMF set to provide $2.9 billion to help crisis-hit Sri Lanka
Norwegian oil giant cancels plan to drill in Great Australian Bight
Equinor, a Norwegian multinational energy company, announced that it has abandoned its plan to drill for oil in the Great Australian Bight for reasons that it is “not commercially competitive.” The oil and gas giant was given a green light to start its exploratory drills, at a depth of 2.5 kilometers in South Australia’s coastline, […]
The automotive sector in for sustainable recovery
The U.S. imposes fresh sanctions on Russia over the Ukraine invasion.
The US to seek Russia’s suspension from Human Rights Council.
Sarawak targets revenue of RM11bil by 2023
OPEC advances meeting to discuss oil price cuts amid coronavirus
Asia stocks extend losses as Ukraine war, China’s Covid-19 surge hit...
EU slams ‘war crimes’ in Ukraine but new sanctions unlikely
Bank Negara raises OPR by 25bps to 2.5%, as expected
China’s new coronavirus hits global markets
Indonesia set to surge oil imports as global crude prices plunge
Guyana OKs Exxon’s $10B Yellowtail offshore oil project.
Malaysian banks’ loan growth to stay at 5-6% in 2023 on...
Indonesia’s Asean presidency to focus on economic growth, says senior minister...
Axiata confident of delivering dividend target of 20 sen per share...
Russia’s invasion drives NATO rethink of Europe force stance.
Europe agrees to ban Russian coal but struggles with oil, gas
Malaysia’s Petronas signs the first Canadian-indexed LNG deal.
UK, Singapore launch talks on the digital trade agreement
New rules for companies on climate risks proposed by SEC.
Automakers seen to bear the brunt of chip storage.
Food prices soar to record levels on Ukraine war disruptions
Standard Chartered Malaysia Launches SmartStocks
Serba Dinamik’s major shareholders express concern over audit issues.
Economic reform needs unorthodox ideas
US seeks tighter UN sanctions after N. Korea missile test
Indonesia hikes fuel prices by 30%, cuts energy subsidies
International trade rises as commerce ministry lays out 2023 plans
European Raiffeisen Bank International and Danske Bank investigated for money laundering
Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022...
Chinese companies urge workers to ‘work from home’ to contain virus...
A number of businesses in China are encouraging their employees to maximize the longer holidays by staying at home or if necessary, just work in their respective abodes. BBC reported that the Chinese government has earlier announced the extension of the Lunar New Year holiday by 3 days to next Sunday. All these initiatives by […]
Export bans on medical supplies leave many countries vulnerable to COVID-19
Toyota invests $394 million in Californian taxi maker
Starbucks sales hit as 2,000 stores in China shut amid coronavirus
World’s largest coffee chain Starbucks closed more than 2,000 branches in China and became the first major American company to warn of sales hit due to the deadly coronavirus. Reports claimed that the figures represent half of Starbucks’ total stores in China, its biggest market outside the United States. It was in 1999 when Starbucks […]
Franchise sales to increase to RM23bil by 2025
PROPOSAL TO INCREASE STATUTORY DEBT LIMIT TO 65%
GLOBAL MARKETS-Worries over economic recovery shake world stocks, US$ pares gains
Toyota, Honda oppose U.S. House electric vehicle tax plan
Ukraine war drives the US, EU deal to undercut Russian energy
CIA director visits Kyiv, meets with Ukraine’s Zelenskyy
South Korea chip inventory climbs the fastest in 27 years
India’s restriction on palm oil hurts Malaysian refiners
Disney’s CEO steps down, company insider to assume top post
Walt Disney Co. announced on Tuesday that chief executive Bob Iger has stepped down from the top job after more than 15 years in the service. Bob Chapek, a 27-year veteran of Disney, has been elected as the new CEO by the company’s board. While Iger will assume the role of executive chairman and will direct the […]
Biden’s China ‘pivot’ complicated by Russia’s war in Ukraine.
Crude oil prices stay muted in 1H amid altered oil flows...
BNM’s international reserves rise to US$111bil as at June 15
2 South Korean electronics giants close plants due to virus cases
Samsung Electronics Co., Ltd. and LG Innotek have separately announced the temporary closure of their manufacturing plants in South Korea after workers tested positive for the coronavirus disease 2019 (COVID-2019). In a company statement, Samsung said that it’s Gumi factory will be closed until Sunday evening as they take all necessary measures, including disinfection, after […]
Hyundai to produce flying taxis for Uber
Pilots Association sues American airlines to stop China flights
The Allied Pilots Association (APA), a labor union representing American Airlines pilots, filed a lawsuit against the carrier to immediately halt US to China operations. CBS network reported that APA sued American Airlines in Dallas County on January 30 as it seeks for a temporary restraining order to stop China flights amid the coronavirus. In a […]
Global Sukuk issuance to stop growing for the first time in...
Amazon employees warned of being fired for speaking out environmental issues
President Trump boasts US’ investment boom in Ohio rally
Taliban’s Afghanistan takeover presents fresh challenge for social media companies.
European inflation soars to a record 7.5% on fuel, food costs.
The World Economy Is Suddenly Running Low on Everything
Malaysia not going into recession, growth set to continue in 2023:...
Kobe Bryant merchandise sells out after tragic death
As thousands of fans worldwide mourn the loss of NBA legend Kobe Bryant; Lakers jerseys, Nike shoes and similar gears of the late superstar were sold out in online and physical stores. Nike confirmed that it completely cleared out of Bryant’s merchandise and sneakers. It denied previous reports that it pulled out Kobe’s gears to […]
Global stock markets slip on Christmas Eve
Malaysia maintains CPO export tax at 8% for July
Maybank IB clinches top awards at FinanceAsia Country Awards, Alpha SEA
Bursa Malaysia snaps losing streak, ringgit weakens to 4.5028
Hong Kong’s Cathay Pacific flags up to US$893.77 million loss in...
Top investment manager says climate crisis could reshape finance
Biden pledges new Ukraine aid warns Russia on chemical weapons.
Oil prices climb after Opec+ keeps output cut targets, China eases...
Japan and South Korea to continue discussions over export controls
Founder of India’s Yes Bank faces money laundering charges
Hongkong banks sent out ads calling for calm
“Smear campaign” against Emirati products shut by Dubai
Malaysia consumer sector expected to remain robust
Media network CNN says Amazon sells fake and dangerous kids’ products
Hong Kong’s financial sector unmoved by protests
UN worries about unemployment of 470M people worldwide
A “Prototype City of the Future” will rise in Japan, says...
TV makers stun CES 2020 with super HD units
Asia stocks edge up despite global growth worries.
Disney shuts tourism businesses in response to the coronavirus
Cathay Pacific offers unpaid leave to staff amid financial loss
FDI rolling in despite lockdown
India to investigate Amazon and Flipkart over alleged illegal discount practices
What to expect next as US-China trade deal gets inked
Bank exec barred by FED for involvement in Malaysian scandal
Huawei to get limited role in British 5G network
China’s telecommunication giant Huawei will only get a “limited role” in the United Kingdom’s future 5G network following the recommendation of British government officials. The lawmakers proposed the exclusion of Huawei from the sensitive and data-heavy “core” part of the fifth generation and it will also be blocked from government systems. This was decided in […]
Malaysian banks rating intact despite US bank failures – RAM Ratings
Cathay Pacific to pay almost $1M fine over passengers’ data leak
Hong Kong’s flagship airline Cathay Pacific Airways was fined with $970,000 for a data breach that exposed personal information of millions of passengers. Authorities said that the carrier failed to protect the details of 9.4 million people as their names, passport details, dates of birth, phone numbers, addresses and travel history were leaked in the company’s […]
UK gov’t denies claims about overpriced HS2 railways
Uber co-founder Travis Kalanick to resign from ride-hailing giant board
Malaysia’s Economic outlook improves but challenges remain
Huawei’s lawsuit challenging US purchase ban rejected
Luno Malaysia achieves RM4.2bil in crypto transactions
World Bank lowers Malaysia GDP growth due to pandemic.
US-Iran tensions put world market on edge
Philippine Gov’t totally bans deployment of workers to Iraq
Pinterest surpasses Snapchat in the US after gaining 82m users
Taiwan’s auto industry reports increase in sales despite coronavirus pandemic
Pressure mounts on the labour market due to lockdown.
Saudi maintains stable oil supply amid growing tensions
Auto companies struggle as China locks down “motor city”
Three automobile companies are among the businesses that were reportedly hit following the Chinese government’s decision to shut down Wuhan City which is the epicenter of the deadly novel coronavirus (nCov). Wuhan is considered as China’s “motor city” for it houses large manufacturing plants including those of the global carmakers Renault (RNLSY), Honda (HMC) and Peugeot owner PSA Group (PUGOY). As […]
Maybank introduces financing solution for EV, hybrid users
UK’s Clydesdale and Yorkshire Banks hit due to customers’ wage delays
Russian stock market, crushed by war, will partially reopen
EV-related stocks advance after Tesla gets approval to import electric vehicles...
Singapore companies cushion virus impact by imposing hiring, pay freeze
Several companies in Singapore have imposed hiring and salary freeze as they grapple with financial constraints amid coronavirus outbreak. On Wednesday, the country’s largest developer CapitaLand announced that it will suspend giving wages to employees at the managerial level and above. While its board members and senior management will take up to 15% pay […]
Payroll firm probed for hiding tax payments
Malaysian fugitive Jho Low spotted in virus-hit Wuhan
The fugitive Malaysian financier Low Taek Jho, commonly known as Jho Low, was recently spotted in the coronavirus-center Chinese city according to Malaysian authorities. “Previously, we did receive intelligence that he was active in Wuhan,” said Inspector-General of Police Abdul Hamid Bador. Low is wanted for his huge role in a massive graft scandal, siphoning […]
Italy closes majority of businesses as coronavirus cases mount
Airbnb’s new booking rules punish Canadians under 25s
Electric car maker Tesla secures billion-worth loan to finance Shanghai Gigafactory
China’s TCL to stop release of BlackBerry phones
Furniture company IKEA to pay $46 Million settlement to family of...
Google offers $340 million in Ads credits to help small businesses
Japanese couple who operated an educational institution sentenced to prison for...
Yasunori Kagoike, the former head of a Japanese institution named Moritomo Gakuen, and his wife, Junko, were found guilty of defrauding the central and local governments. The couple had been indicted for receiving public subsidies worth ¥56.4 million from the national government for the construction of an elementary school in Toyonaka, Osaka Prefecture between 2016 […]
Microsoft claims mimic websites from North Korean hack group
Council of Europe expels Russia from human rights body.
Amazon becomes “go-to” e-commerce site amid coronavirus
Philippine Airlines appoints new president, raises capital stock by 130%
Amazon authorizes sellers to use FedEx after lifting its ban
UK inflation hits a 30-year high of 6.2% as Sunak readies...
Money trader Travelex down after getting victimized by cyberattack
Smart tech maker Wyze admits leak of customer data
Robocash’s license revoked for operating unauthorized branches—SEC
Tesla’s market value surpassed Ford’s and General Motors’
Malaysia’s trade performance breaks record in April
EU faces big subsidy rift before facing US
Trump’s tariffs led to billions of losses, Fed research shows
Prices of crude oil soar after Iran’s missile attacks on US...
Tesla to open first European Gigafactory in Germany
Singapore’s exports continue to grow in April but at a slower...
Three nations to be largest sovereign sukuk issuers
Australia’s bushfires hit businesses leading to more than $2 billion economic...
Oil prices ease on symbolic OPEC+ output cut
World stocks rise as Mid-East tensions wane
Malaysia’s largest mineral water company to boost production to 900 million...
2 execs of Thai aviation industry resign amid coronavirus crisis
European banks allow delays in mortgage payments to soften coronavirus impact
Poland to end Russian oil imports; Germany warns on gas.
Malaysia attracts RM264.6bil approved investments in 2022, 2nd largest ever recorded:...
Japan’s auto industry forms task force vs COVID-19
Japanese automakers, in coordination with the central government, have created a task force aimed at addressing the growing threat of the coronavirus outbreak to the country’s automotive industry. The COVID-19 brought wide-ranging impact on the said industry with the extended closure of auto plants in China, including Japanese manufacturers like Honda, Mazda, Mitsubishi and Toyota. According […]
Emirati app ‘Totok’ returns to Google Play Store after spying charges
Chinese supplier of Tesco claims prison labor allegations untrue
Telemedicine owners charged in million dollars’ worth fraud scheme
Microsoft CEO’s comment on India’s Citizenship Law drew backlash
Singapore economy grows 1.3% in Q1 but no change to GDP...
South Korea faces economic difficulty as virus cases climb
From only 31 cases on February 18, South Korea has confirmed a sudden increase in its coronavirus cases that reached 833 as of Monday afternoon. The government over the weekend declared that the virus alert has been raised to its highest level and intensified quarantine measures to contain the virus spread. Aside from human infection, South […]
Apple will pay $500M in iPhone-throttling settlement
United States’ technology giant Apple has agreed to pay up to half a billion dollars to settle litigation claiming that it slowed down old models of iPhones to compel users to upgrade. Based on reports, Apple is required by the US District court to pay consumers an amount of $25 per affected device, totaling to […]
US to send $3.75B in military aid to Ukraine, its neighbors
Malaysian manufacturers of hygiene products struggle to meet surging demand amid...
Producers of disinfectants, hand sanitizers, and rubber gloves in Malaysia are struggling to provide global requests which have ballooned due to the COVID-19 outbreak, which has now claimed more than 2,000 lives in China. Channel News Asia reported that local manufacturers of sanitizing products could not produce the expected demand because they lack materials which […]
Mobile games download spike amid coronavirus quarantine
The demand for mobile games has surged as millions of people in China are quarantined and stuck indoors amid fears of the spreading coronavirus that has now claimed more than 3,000 lives. Application analysts reported that the global mobile game downloads jumped to 39% for the month of February. The mainland accounted for a huge […]
British airline Flybe maintains operations amid collapse threat
Demand for Malaysian gloves soar as coronavirus spreads
The Malaysian Rubber Glove Manufacturers Association (MARGMA) said the global demand for their products has greatly increased following the outbreak of the novel coronavirus that originated from Wuhan, China. MARGMA President Denis Low confirmed that they have received an urgent request from China to deliver adequate supplies of medical gloves which will be primarily used in […]
Putin wants ‘unfriendly countries’ to pay rubles for gas.
Qatar Airways seeks government aid to keep flying
Honda to halt production in the Philippines, leaving 400 Filipinos jobless
Japanese automobile maker Honda announced that it will close its production plant in Laguna, Philippines by March to meet customers’ needs through “efficient allocation and distribution of resources.” “As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI (Honda Cars Philippines […]
Ex-Microsoft Engineer face fraud charges
A Former Microsoft Engineer named Volodymyr Kvashuk has been convicted of fraud that could put him in federal prison for up to 20 years. The U.S. Department of Justice (DOJ) said that the conviction covers 18 federal felonies which include five (5) counts of wire fraud, six (6) counts of money laundering, two (2) counts […]
Toyota recalls 3 million vehicles due to fuel pump issues
Japanese automaker Toyota is forced to recall more than three million vehicles worldwide over fuel pump flaws that could cause the engines to fail. It has recently recalled 1.2 million line-ups of its namesake as well as Lexus models in the United States. The vehicles include cars, minivans, SUVs and trucks which have fuel pumps […]
Global markets rise as US nears trillion-dollars’ worth stimulus package
Nissan sues former chairman and seeks $91 million damages
Deutsche Bank fights to get back image
Indonesian bank trims rates to head off coronavirus impact
The central bank of Indonesia has cut its interest rates by 25 basis points to 4.75% to prevent the impact of the COVID-19 outbreak that hammers the country’s travel, tourism and trade industries. Although Indonesia has not reported any confirmed case of the deadly virus, officials are worried about the fallout from the epidemic. The closure […]
Japanese drugmaker strives to develop coronavirus treatment
Japan’s largest drugmaker Takeda Pharmaceutical Company announced that it is currently developing a drug that could treat the coronavirus infection. Takeda is working on a kind of “plasma-derived therapy” that has been proven to cure severe acute viral respiratory infections and might as well be effective for the Coronavirus Disease 2019 (COVID-19). The researchers said […]
Philippines elevates ban on Japanese food imports
More Bangladeshi workers at risk as apparel industry collapses
HSBC Bank in shaky relationship with Chinese Government
Contractors to face charges over refurbishment of England’s Grenfell Tower
Despite criticisms, Facebook maintains policy on political ads
Britain’s oldest department store at closure risk
Global companies shut China operations to control virus
World food price index surges in May to the highest level...
Japanese retail giant Uniqlo reopens stores in China
Philippine Airlines provides free changes to China flights amid nCov
As the new strain of coronavirus continues to spread worldwide, the Philippine Airlines (PAL) announced that its passengers with booked tickets to some destinations in China can change their schedules without charge. The flag carrier said that those who have scheduled flights to Beijing, Guangzhou, Hong Kong, Jinjiang, Shanghai, Macau and Xiamen, from January 24 […]
Singapore revises residency scheme to attract more investors
Petronas and SEA eyeing digital banking licence
Singapore bank stocks hit by Credit Suisse crisis
Coronavirus hobbles supply chains of Japanese firms in Southeast Asia and...
Gas station owner charged for $500M fraud scheme
Sweden’s largest pension fund calls on governance code amendments to reflect...
RAM Ponzi victims go after New Zealand ANZ Bank
Thailand’s 5G auction raises over 100 billion baht
Maybank to facilitate the trading of shariah-compliant securities on Bursa under...
Malaysia end-August palm oil stocks hit 2 million tonnes for first...
Tesla eyes building a Cybertruck factory in central USA
Coronavirus hammered Hong Kong’s economy worse than protests
Malaysia maintains stock trading amid coronavirus lockdown
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil...
Economists: Global market is already in recession due to coronavirus pandemic
Still no boss for Wells Fargo Bank
Bank of England presscon hacked, hedge funds benefited
The Bank of England’s security was breached as an audio of its press conference got hacked and was accessed by high-speed traders, minutes before the scheduled broadcast, in their attempt to make a profit advantage. Reports claim that having advance access to the audio feed of BOE Governor Mark Carney could have given hedge funds […]
US drugmaker Moderna submits coronavirus vaccine for testing
After only six weeks of immunization development, biotech firm Moderna Inc. has shipped the first batch of its experimental coronavirus vaccine to the National Institute of Allergy and Infectious Diseases (NIAID) of the United States. The vaccine, called mRNA-1273, is said to be the first vaccine that will be used by American researchers in a […]
Apple won’t hit revenue forecasts due to coronavirus
Philippines stocks plunge deepest since 2016 due to coronavirus
The Philippines has recorded its deepest fall in shares as growing concerns over coronavirus hit Asian and global markets. Based on reports, the Philippine Stock Exchange Index plunged 4.3 % on Wednesday trading, tumbling the most since January 2016. The Bankers’ Association of the Philippines also said that the peso succumbed to the dollar, finishing […]
EU officials visit Kyiv as Russia strikes civilian target
Carmakers focus on selling online to cope with virus impact
Giant automakers like BMW, Mercedes-Benz and Tesla are trying to boost their revenues by ramping up their online presence amid the coronavirus outbreak. Most Chinese plants and factories were shut down to contain the outbreak, hardly hitting the sales of automobile industries. While people in the mainland choose to stay indoors and stay away from […]
Tesla plans to strengthen financial position by issuing more shares
Amazon blocks millions of products for price gouging, misleading claims about...
More than a million products were barred by online retail giant Amazon for charging much higher prices and making false claims that they can help cure the Coronavirus Disease 2019 (COVID-19). The company spokesperson firmly said that “There is no place for Price Gouging on Amazon” after it deleted face masks, respirators and other health […]
British grocery chain Tesco ends production at Chinese factory over forced...
Macau casinos’ revenue fell 88% due to COVID-19
The world’s biggest gambling hub, Macau, has suffered a massive blow from the Coronavirus Disease 2019 (COVID-19) as the casino industry recorded its worst monthly downturn. For the month of February, Macau casinos’ revenue dropped by 88%, compared with the same period last year, due to a 15-day forced shutdown in efforts to contain the […]
Global airlines brace for $113 billion revenue hit from coronavirus
The International Air Transport Association (IATA) has announced a dramatic increase in the damage of the coronavirus to the global airline industry. It said the losses in sales could reach up to $113 billion if Coronavirus Disease 2019 (COVID-19) continues to spread. This amount is way too high from what IATA previously expected in lost […]
Indian ridesharing giant launches in London
Vietnam lures US$3.1 billion in FDI in first two months of...
Two more international banks tied to Huawei technologies case
Volkswagen eyes settlement with customers over ‘dieselgate’ scandal
Nintendo hit by coronavirus; production gets delayed
Foxconn in talks to buy a stake in chipmaker DNeX
India imposes world’s largest coronavirus lockdown
Disney shares drop after company announced CEO replacement
Following the unexpected announcement that Bob Iger handed off his position as CEO, The Walt Disney Company’s shares fell by 2.1% on Wednesday’s premarket trading. Reuters reported that this was due to growing concerns whether newly elected top executive Bob Chapek’s experiences are sufficient to handle the media-entertainment powerhouse. “Bob Chapek has less (content experience), […]
Vietnam cuts gold prices due to decline in demand
Singapore to issue “stop-work order” to companies that do not allow...
Airline traffic in Asia plunged in February due to coronavirus
Facebook files lawsuit against marketing firm for illegal access of users’...
World’s largest social media site Facebook sued a marketing company named oneAudience, that it accused of “improperly” accessing users’ personal information without their authorization. Facebook filed a federal lawsuit against the New Jersey-based firm which allegedly hired developers to install malicious software development kit, or SDK, in their apps to exploit the “login with Facebook” […]
Tech giant Apple to open first store in India next year
Apple has been given the green light to open its first Indian store by 2021 after it received a special approval from the Government of India. The tech giant’s CEO, Tim Cook, personally made this announcement during the annual shareholders’ meeting, noting that Indian officials allowed the company to expand in their country even without […]