News
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Musk sells Tesla shares worth $1.01 billion – filings
BENGALURU: Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion, U.S. securities filings showed on Thursday. Read full story
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Didi Global plans to delist from New York, seek listing in Hong Kong
SHANGHAI/HONG KONG: Ride-hailing giant Didi Global said on Friday it will delist from the New York stock exchange and pursue a listing in Hong Kong, succumbing to pressure from Chinese regulators concerned about data security. Read full story
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Malaysia records increase in external trade unit values in October
PUTRAJAYA: Malaysia’s monthly export and import unit value indices posted positive growths of 1.4% and 0.6% respectively, in October 2021, according to the Statistics Department. Read full story
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The Royal Award for Islamic Finance invites global nominations
KUALA LUMPUR: The Royal Award for Islamic Finance is inviting global nominations, Bank Negara Malaysia and the Securities Commission said in a joint statement on Friday. Read full story
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Gold heads for weekly fall as Fed officials strike hawkish tone
BENGALURU: prices rose on Friday but a more hawkish stance of U.S. Federal Reserve officials on stimulus tapering and interest rate rises put the metal on course for a third straight weekly drop. Read full story
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Stocks stumble as bond traders turn to jobs data
SYDNEY: Asian stocks wobbled and risk-sensitive currencies in the region sagged on Friday as investors bet inflation will prompt U.S. rate rises next year, even with the new Omicron coronavirus variant casting a cloud over the outlook. Read full story
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Malaysia attains good performance for SDGs in 2020
KUALA LUMPUR: Malaysia attained a good performance for the Sustainable Development Goals (SDGs) in 2020 with 49 indicators (34 per cent) recording positive achievements, the Department of Statistics Malaysia (DoSM) said. Read full story
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DBS CEO says hard for digital banks to gain market share in Singapore
HONG KONG: Singapore’s soon-to-launch online-only banks will find it hard to carve out space in the city-state’s market, DBS Chief Executive Piyush Gupta told the Reuters Next conference. Read full story
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DNB to minimise 5G rollout complexity
KUALA LUMPUR: Digital Nasional Bhd (DNB) has reaffirmed that a single wholesale network (SWN) mechanism will accelerate the national fifth generation (5G) network deployment and move up Malaysia’s position in offering commercial 5G services in ASEAN. Read full story
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Touch ‘n Go eWallet, Firefly in strategic partnership
KUALA LUMPUR: Touch ‘n Go eWallet is partnering with Firefly to offer a convenient and seamless method to purchase flight tickets. Read full story
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