Business

SHANGHAI: A broad gauge of Asian shares edged up to record highs on Monday morning as hopes for imminent coronavirus vaccines buoyed investor sentiment, but worries over the impact of …

WASHINGTON: The number of Americans filing first-time claims for jobless benefits unexpectedly rose last week, likely as new business restrictions to control spiraling Covid-19 infections unleashed a fresh wave of …

KUALA LUMPUR: The Covid-19 crisis has demonstrated the importance of technology and innovation to ensure the people’s well-being and business sustainability, and Budget 2021 is placing a great emphasis on …

FRANKFURT/DUESSELDORF: German conglomerate Thyssenkrupp plans to cut another 5,000 jobs to stem losses across its sprawling empire, it said on Thursday, after reporting its operations were €1.6 billion (RM7.75 billion) …

WASHINGTON: The global economy is recovering from the depths of the coronavirus crisis, but there are signs of slowing momentum in countries with resurging infection rates, the International Monetary Fund …

BEIJING: China has extended debt relief to developing countries worth a combined $2.1 billion under the G20 framework, the highest among G20 members in terms of deferral amount, the country’s …

PETALING JAYA: Family takaful new protection value increased 14% to RM364.2 billion in the nine months ended Sept 30, 2020, arising from RM4.84 billion new business contribution, which went up …

PETALING JAYA: Bank Negara Malaysia’s international reserves stood at US$104.9 billion (RM429 billion) as at Nov 13, 2020, up marginally from US$104.6 billion as at Oct 30, 2020. “The reserves …

PETALING JAYA: Metronic Global Bhd, through its subsidiary Metronic Medicare Sdn Bhd, has inked a memorandum of agreement (MOA) with Taiwan Stock Exchange-listed international pharmaceutical company Medigen Vaccine Biologics Corp …

KUALA LUMPUR: Pharmaniaga Bhd expects to produce its own halal vaccine in four to five years. Deputy managing director Mohamed Iqbal Abdul Rahman said there is a potential to market …

NEW YORK/BENGALURU: Exchange operator Nasdaq Inc said on Thursday it would buy anti-financial crime software firm Verafin for US$2.75 billion (RM11.27 billion) in cash, significantly expanding its reach in the …

WASHINGTON: The US real estate boom remained unstoppable in October, according to data from an industry group, with the pace of existing home sales growing beyond expectations, tightening inventory and …

EUROPE’s leaders are set to demand that the European Commission publish no-deal plans amid fears that Brexit negotiations are dragging, leaving businesses with little knowledge on what they need to …

MUMBAI/BENGALURU/SINGAPORE: DBS Group’s move to take over troubled Lakshmi Vilas Bank will give Southeast Asia’s largest lender the boost in India it has long desired, but aligning the two banks’ …

WASHINGTON: US homebuilding increased more than expected in October, suggesting the housing market continues to be sustained by record low mortgage rates even as the economic recovery shows signs of …

PETALING JAYA: FGV Holdings Bhd said it is still status quo for its land lease agreement (LLA) with the Federal Land Development Authority (Felda) as it has yet to receive …

TOKYO: Oil prices fell on Wednesday after a bigger-than-expected build in U.S. crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and …

PETALING JAYA: FGV Holdings Bhd remained in black for a second straight quarter with a RM136.89 million net profit for the third quarter ended Sept 30, 2020 (Q3’20) compared with …

TOKYO: The Bank of Japan has opened up a new policy frontier with a scheme that gives regional lenders incentives to consolidate – de facto subsidies to boost the economy’s …

PETALING JAYA: Businesses and technology enthusiasts can explore Taiwan’s best ICT innovations online at the Smart Taiwan Pavilion of the World Congress On Information Technology (WCIT) 2020, a signature event …