Mastercard wins approval to join China’s US$27 tril market

Mastercard Inc won approval to set up a bank card clearing business in China, gaining access to a US$27 trillion payments market as part of the nation’s financial opening.... Read more »

Petronas signs 12-year LNG supply deal with China’s Shenergy

Petroliam Nasional Bhd (Petronas) has signed an agreement with China state-owned Shenergy Group Co Ltd to supply approximately 1.5 million tonnes per annum of liquefied natural gas (LNG) to... Read more »

Bursa Malaysia opens in the red on profit taking

Bursa Malaysia opened in the red today and slipped 4.47 points to 1,677.76 from 1,682.23 at 5 pm last Friday. Bursa Malaysia opened in the red on Monday after... Read more »

Carrefour sells control of China business at a discount

Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan (US$698 million) in cash to local retailer Suning.com Co. as it rethinks... Read more »

Tesla to revamp Asia business structure to focus on China

Tesla will form a new division of its manufacturing business in Greater China as part of its revamping plan. Tesla is revamping its organisation in Asia to put more... Read more »

HLIB Research ups Wesports’ FY19 earnings forecast on tariff hike, throughput recovery

With the current tariff hike for Port Klang, effective March 1, Hong Leong Investment Bank (HLIB) Research has raised its earnings forecasts for Westports Holdings Bhd for financial year... Read more »

Sapura Energy swings back to black in 4Q, FY19 on disposal gain; pays 0.5 sen special dividend

Sapura Energy Bhd returned to the black in the fourth financial quarter ended Jan 31, 2019 (4QFY19), posting a net profit of RM500.43 million compared with a net loss... Read more »

Algorithms are maximising profits for online retailers by colluding to keep prices high

Have you ever searched for a product online in the morning and gone back to look at it again in the evening only to find the price has changed?... Read more »

As markets turn, Fed says it is not fazed

U.S. Federal Reserve officials convinced the massive U.S. bond market has fundamentally changed in the last decade are about to test their commitment to that idea against investors who... Read more »