Dow closes above 40,000 for first time as US stocks finish mixed
NEW YORK - The Dow Jones finished above 40,000 points for the first time on May 17, as stocks were mixed on Wall Street...
Malaysia’s currency woes spur financial stress, political discontent. Will the ringgit rise again?
KUALA LUMPUR: As food prices rise, freelance cameraman Shunmugam Karuppannan is one of many Malaysians feeling the pinch.These days, the 50-year-old thinks twice about...
When bequests burden rather than benefit loved ones
Imagine leaving behind a will that not only does not benefit any relatives, but instead creates unnecessary and unreasonable hardship for them. The will...
Meme-stock mania crashes into reality of depleted Covid-19 savings
For traders on Reddit’s WallStreetBets forum, it was taken as a sign that Mr Gill, who disappeared from social media in June 2021, would be coming...
US, TikTok seek fast-track schedule, ruling by Dec 6 on potential ban
WASHINGTON: The US Justice Department and TikTok on Friday (May 17) asked a US appeals court to set a fast-track schedule to consider the...
Mapletree closes second Japan logistics development fund; expects 110 billion yen AUM
Mapletree Investments has successfully closed Mapletree Japan Investment Country Private Trust (Majic), riding the wave of a booming logistics sector in Japan. Majic is...
Malaysia’s GDP growth surprises as recovery accelerates
KUALA LUMPUR - Malaysia’s economy expanded faster than initially estimated in the first quarter, driven by private spending and a rebound in exports. Gross...
IMF knocks Biden’s China tariffs as risk to US, world growth
THE International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between...
Inflation, operating costs had the biggest impact on Asian firms last year, survey shows
Higher costs had the biggest impact on Asian businesses in 2023, even as they...
Europe’s ageing population is a money magnet for some investors
MUNICH – Europe’s shrinking population has long raised concerns about its economic prospects. Governments are seriously worried about it. Billionaire Elon Musk has raised...