Proton sells 6,173 cars in June, obtains 10% market share
KUALA LUMPUR (July 6): Automaker Proton Holdings Bhd sold 6,173 cars last month, mainly driven by sales of their Saga and Persona models. As a result,…
KUALA LUMPUR (July 6): Automaker Proton Holdings Bhd sold 6,173 cars last month, mainly driven by sales of their Saga and Persona models. As a result,…
KUALA LUMPUR (July 6): The Malaysian Employers Federation (MEF) said wage levels should be based on an individual’s certified skills instead of adhering to a…
SINGAPORE/SEOUL/BEIJING/TOKYO (July 6): Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China,…
OVERVIEW Markets have retreated into tight ranges for the US holiday. Divergence in UK/EU PMI data propels GBP/EUR higher. Stocks head lower back to the bottom end of recent range. HIGHLIGHT CNY rose sharply this morning after the Chinese central bank offered reassurance that it would intervene in markets to maintain stability amid escalating trade […]
The dollar has traded mixed, while the euro has outperformed. EUR-USD posted a seven-session high of 1.1720 before correcting to levels around 1.1680, levels that still leave the pair up by 0.2% on the day, and by 1% over the last week. Other euro crosses have also been buoyant, particularly EUR-JPY which was showing a […]
The euro is opening Europe firmly, with EUR-USD testing the week’s highs at 1.1690-91, EUR-JPY posting two-day highs above 129.35 and EUR-CHF ascending into three-week high territory. The dollar, outside the case against the euro, has been trading neutrally, including against most emerging world currencies. The PBoC continued to rein in the yuan, with the […]
SINGAPORE (July 5): Investigators from Singapore and Malaysia have been meeting to share information about probes related to 1Malaysia Development Bhd, according to authorities in…
(July 5): Electric scooters, self-driving vehicles, and flying cars: No matter what the future of transportation is, Alphabet wants to be involved. Earlier this week, The…
SINGAPORE (July 5): Singapore’s anti-trust body proposed fines on Grab and Uber Technologies and warned it may have to unwind the two ride-hailing firms’ merger…
KUALA LUMPUR (July 5): Barakah Offshore Petroleum Bhd’s share price climbed as much as 16% or 2 sen today following the group’s announcement yesterday it…
SINGAPORE (July 5): Low Taek Jho, better known as Jho Low, and Eric Tan Kim Loong are still very much on the Wanted List of…
SHANGHAI/BEIJING (July 5): Alex Chen, 40, an importer of U.S. wines in Shanghai, knows what it’s like to be pummelled by Chinese tariffs. His company, which…