5y

Allianz upbeat despite rare drop in annual profit

Insurance giant says operating profit was €10.8 billion, down 9.0%, weighed down partly by €1.3 billion in pandemic-related costs

5y

UK top court shakes up gig economy with ruling against Uber

Supreme Court rules unanimously that drivers are workers and entitled to breaks, holiday pay and minimum wage

5y

RM18 bil dividend to govt doable: Petronas CEO

Sum included in Budget 2021 still within the means of company to disburse, says Tengku Muhammad Taufik Tengku Aziz

5y

Bitcoin market hits US$1 trillion in value

More than 18.6 million bitcoins created since the digital currency was launched in 2009

5y

IMF dismisses inflation concerns of Biden stimulus plan

Inflation from large spending plan to still remain manageable says IMF’s chief economist

5y

Petronas Dagangan 2020 profits drop by nearly RM554 mil

Retailer’s revenues nearly halved thanks to lower prices, weaker demand

5y

UK retail sales tumble, debt soars on pandemic fallout

Office for National Statistics  says retail sales slumped 8.2% last month compared with December, its sharpest fall since April 2020

5y

NatWest bank slumps into annual loss, to exit Ireland

Lender posts annual loss after tax of £753 million, compared with a net profit of £3.13 billion in 2019

5y

Italy’s Eni posts massive 2020 loss on virus hit

Company says shock from pandemic sparked collapse in prices, profit margins for raw materials

5y

Asian markets mixed amid rate-hike fears

Sentiment weighed down by concerns that global recovery will signal rising inflation

5y

Renault says pandemic pushed it into record loss in 2020

Carmaker says full-year revenues were down 22% at €43.5 billion and vehicle sales slumped 21% to €2.95 million worldwide

5y

Mah Sing to develop RM656 mil residential project in Sepang

Property developer says 40.47ha development will comprise mainly double-storey terrace houses with prices starting from RM399,000

5y

Liberty says door open for Thyssenkrupp steel unit deal

German steelmaker says two sides ‘too far apart on corporate value and the structure of the transaction’