The price of progress in China: 'We traded our lives for development'
SHENZHEN, China (Dec 14): For four years at the turn of the century, Wang Zhaohong worked on a demolition crew in Shenzhen, clearing the way for…
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Top court puts sale of Fortis to IHH on hold, says report
(Dec 14): Shares of India’s Fortis Healthcare Ltd posted its biggest intraday fall in over 8½ months after a CNBC TV18 report said the country’s…
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Malaysia Airlines expects to close the year with lower loss than 2017
KUALA LUMPUR (Dec 14): Malaysia Airlines Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd, expects to close the year with lower loss than 2017. “We have…
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Ex-Nissan chief Ghosn affair raises issues beyond one man, one company
TOKYO (Dec 14): How big should executive pay packets be? How widespread is lax corporate governance in Japan? And what’s the future of the alliance between…
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US recession risks jump, Fed rate hike expectations slump – Reuters poll
BENGALURU (Dec 14): The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists…
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KLCI falls 0.84% amid regional decline after weak China data
KUALA LUMPUR (Dec 14): The FBM KLCI fell 0.84% today, in line with the decline in most Asian markets as China reported weak economic numbers,…
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Businesses to pay higher ICPT surcharge from March-June 2019
KUALA LUMPUR (Dec 14): Tenaga Nasional Bhd (TNB) will raise the imbalance cost pass-through (ICPT) surcharge for non-household users from March 1 to June 30…
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Trurich files police report against TH ex-CEO Ismee, TH Plantations ex-bosses for misleading the company
KUALA LUMPUR (Dec 14): Trurich Resources Sdn Bhd, a company co-owned by FGV Holdings Bhd and Lembaga Tabung Haji (TH), has lodged a police report…
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Short Positions Grow 23% Overnight As May’s Confidence Vote Approaches
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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GBP/USD: Cable Poses Short-Cover Rally Ahead of No-Confidence Vote
The British Pound is putting in a vigorous bounce from the 1.2500 psychological level; but already an area of prior support is helping to set resistance ahead of today’s no-confidence vote.