Business

India court rejects request to clear shipments of raw material

NEW DELHI: An Indian court has declined requests from JSW Steel and Trafigura to allow certain shipments of a steelmaking raw material, a court order shows, the latest setback after New Delhi's new policy curbing imports rattled the sector.

Star Biz7

A strategic shift

It has been a while since a listed banking group called for a rights issue.

Economy

Brazil to negotiate on tariffs before retaliating

Brasilia: Brazil's President Luiz Inacio Lula da Silva says the country's first line of defence against US tariffs will be negotiation rather than immediate retaliatory measures.

Corporate News

Musk: xAI startup bought X at US$33bil valuation

New York: Billionaire Elon Musk says his xAI artificial intelligence startup has acquired the X platform at a valuation of US$33bil , marking a surprise twist for the social network formerly known as Twitter. 

Economy

German firms abroad see US as ‘problem region’ in survey

Berlin: A majority of German companies operating abroad are seeing an increase in trade barriers, with the United States in particular transformed from a "beacon of hope" into a "problem region", according to a new survey.

Telcos

Poste becomes biggest Telecom Italia shareholder

Rome: Italy's state-run postal service raised its stake in Telecom Italia SpA to almost 25%, overtaking Vivendi SE as the phone carrier's biggest investor and ending the French media conglomerate's decade-long tenure at the Italian company. 

Business

No sign US will honour auto tariff protection

Washington: Canada and Mexico won protection against potential new US auto tariffs in 2018 as part of the US-Mexico-Canada Agreement (USMCA) on trade, but there is no evidence that President Donald Trump will honour those commitments as he imposes 25% duties on global automotive imports.

Nation

Surge in self-declared bankruptcies worrying, says Insolvency DG

PUTRAJAYA: The rising trend of people declaring themselves bankrupt is a concern as it shows many are struggling with severe financial difficulties, says the Insolvency Department director-general Datuk M. Bakri Abd Majid.

Business

U Mobile gets MCMC letter of award for 5G network

KUALA LUMPUR: U Mobile Sdn Bhd has received the official letter of award from the Malaysian Communications and Multimedia Commission (MCMC) for its deployment of Malaysia's newest 5G network.  

Star Biz7

Loan reapplication and rejections

Some of the worst experiences in life are emotional pain, betrayal and loan rejections. While all three cause stress, loan rejection is one of the worst, especially when it is tied to something critical like buying a home.

Star Biz7

Rising rentals adding pressure to young tenants

Malaysia's rental market has reached a five-year high, driven by post-pandemic economic recovery, increased demand for rental properties and a surge in living costs.

Star Biz7

Limitations to SMA 2013

This concludes the final article in the eight-part series discussing possible amendments to the Strata Management Act (SMA) 2013 and its regulations.

Forex

Ringgit to continue trading within 4.42-4.43 range against greenback next week

KUALA LUMPUR: The ringgit is likely to continue remaining in a narrow range within a similar trajectory of RM4.42 to RM4.43 against the US dollar next week due to the shortened trading week following the Hari Raya Aidilfitri public holiday, which is expected to be celebrated on Monday, March 31.

Short Position

Can MeMi ZoooZooo withstand the heat?

The country's supermarket scene is getting more interesting with several developments taking shape, intensifying competition in an already crowded sector.

Short Position

Dual listings approved: But will Malaysian investors bite?

Now that the authorities have approved the dual listings of two tech companies from Singapore on Bursa Malaysia, the market awaits with bated breath to see the experiment unfolds.

Insight

R&D the road to the future

Most developed nations prioritise research and development (R&D) from an early stage.

Star Biz7

Diamonds add to Chengdu sparkle

Taikoo Li, located in the heart of Chengdu, the capital of Sichuan province, is a commercial district that seamlessly blends modernity with tradition.

Insight

China homes in on growth

At a time of rising global uncertainties, China has outlined key policy initiatives for the year ahead in March's two sessions.

Star Biz7

From softball to you tiao chain

When her best friend asked her to invest in her fledgling you tiao business in 2019, Wang Jing Fang put in S$10,000 as a side hustle.

Star Biz7

Thai share buybacks gain traction

Share buybacks are becoming increasingly prevalent in the Thai equity market, marking a shift from the traditional behaviour of listed companies. Historically, Thai firms have been hesitant to engage in buybacks due to structural and strategic reasons.