4y

Gaming giants Tencent, NetEase stocks plummet after new sector rules

Chinese government tells firms to resist engaging in improper competition, focus on driving innovation

4y

Mosti targets creation of 5 unicorn firms in as many years

Ministry has allocated RM123 mil this year to develop start-ups, Datuk Seri Dr Adham Baba says

4y

Bank Negara keeps OPR at 1.75%

Rate has been maintained since July 7 last year

4y

Mavcom approves Korean Air-Asiana Airlines merger

It constitutes a ‘failing firm defence’ merger, regulator notes

4y

Inflation likely to stay up throughout 2021, subside in 2022: Moody’s

Several emerging market central banks already raising policy rates, notes company

4y

Ringgit retreats against US dollar, Bursa opens lower

Local note stands at 4.1525/1550 against greenback as of 9.05am

4y

AirAsia Group net loss narrows to RM580 mil in Q2

Revenue jumps to RM370.61 mil from RM142.09 mil on-year, driven by cargo

4y

China carmaker Dongfeng sells €600 mil Stellantis shares

It still has a stake of around 4.5% in global auto giant

4y

Put off by Indonesia levy, India refiners seen to favour M’sia palm oil

Indonesia imposes higher taxes on CPO exports to raise funds for its palm-based biodiesel programme

4y

World’s most indebted company Evergrande suffers another downgrade

Fitch cuts its rating a day after Moody’s indicates it is ‘likely in, or very near, default’

4y

PayPal to buy up Paidy, Japanese ‘buy now pay later’ firm, for US$2.7 bil

Transaction likely to be finalised in Q4 2021

4y

Tabung Haji 1H profit eases 2.2% to RM1.22 bil

Total deposits amount to RM81.14 bil as of June 30, the highest level in pilgrims’ fund’s history

4y

Hyundai to speed up hydrogen auto roll-out

It plans to offer engines powered by the fuel in all its commercial vehicles from 2028