Business - The Malaysian Insider

Asia reforms key for global economic growth, says IMF chief

Asia is "the world's most dynamic region" but structural reforms are key given its increasing importance to the global economy, International Monetary Fund chief Christine Lagarde said in New...

Moody’s downgrades Hong Kong outlook to ‘negative’

Ratings agency Moody's downgraded its outlook for Hong Kong today, citing increasing political riskiness and closer economic ties with China, which is facing a growth slowdown. Moody's changed...

China’s industrial output growth wanes

China's industrial production during the first two months of the year grew at its slowest rate since the global financial crisis, the government said today, underlining challenges facing the...

India’s fiscal deficit target a comfort for central bank

India's headline fiscal deficit target for the next fiscal year is a comfort for the country's central bank, Reserve Bank of India Governor Raghuram Rajan said today, amid hopes of a policy rate...

China growth target ‘achievable’ without aggressive stimulus

China can achieve its growth target without aggressive monetary stimulus, central bank governor Zhou Xiaochuan said today, while acknowledging numerous "difficulties and challenges" facing the...

Inventor sues 3M for credit for creating Post-it notes

US conglomerate 3M Company, maker of the ubiquitous Post-it note, has been sued by an American inventor who says he first conceived the sticky message products. Alan Amron, 67, filed suit in a...

Partial win for South Korea in washing machine dispute with US

The World Trade Organization yesterday ruled partially in favour of South Korea in its dispute with the United States over duties Washington imposes on imported washing machines. The case...

Money market expected to remain stable next week

The Malaysian money market is expected to remain stable next week with Bank Negara Malaysia continuing to intervene to manage surplus liquidity. The central bank is expected to conduct daily...

Higher oil prices, European Central Bank stimulus to lift Bursa

Bursa Malaysia will likely continue its positive momentum next week, driven by further improvement in global crude oil prices, which is now trading above US$40 a barrel. Affin Hwang Investment...

Ringgit likely to extend upwards next week

The ringgit is expected to extend its upward momentum next week on positive sentiment spurred by the continued increase in global oil prices, said Affin Hwang Investment Bank ...

BP escapes US suits over post-Gulf spill drilling ban

BP Plc does not have to face US lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal...

Wall Street set to open higher as oil gains

Wall Street was set to open higher today as oil held on to gains, a day after the European Central Bank unveiled a widely expected stimulus package to spark growth in the region. Markets...

EVA Airways says chairman replaced after board meeting

EVA Airways Corp, Taiwan's second-biggest carrier and part of shipping conglomerate Evergreen Group, said its chairman Chang Kuo-wei has been replaced following an unscheduled board meeting...

US import prices fall for 8th straight month

US import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of other goods, but the pace of decline is slowing as the dollar's rally...

Public inflation expectations drop to 16-year low, says Bank of England

The British public's expectation for inflation over the next 12 months fell to its lowest in more than 16 years, a Bank of England survey showed today, raising the risk that below-target price...

Berjaya Auto Q3 pre-tax profit falls to RM58 million

Berjaya Auto Bhd's pre-tax profit for the third quarter ended January 31, 2016, fell to RM58.22 million compared to RM66.17 million in the same quarter last year. Revenue, however, rose to...

Thai finance minister says not worried about baht strength

Thailand's finance minister said today he was not worried about strength in the baht as it was still moving in line with regional currencies and that he expected only a limited impact from the...

KL shares close higher

Shares on Bursa Malaysia closed higher today as sentiment turned positive on higher oil prices and the European Central Bank's decision to cut interest rates. The benchmark FTSE Bursa Malaysia...

Ringgit ends higher against US dollar

The ringgit today closed higher against the US dollar again following the good demand for the local currency which was fuelled by higher share prices on Bursa Malaysia, dealers said. At 5pm,...

China’s Greenland says to list REIT in Singapore

Chinese property developer Greenland Group said on Friday that its unit plans to set up and list a real estate investment trust (REIT) backed by hotel assets in China on the main board of the...