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News
Investors brace for possible rate hike at uncertain Fed meeting
1+ day, 9+ hour ago (782+ words) Bets increased that the Federal Reserve will hike by a quarter percentage point after data showed consumer inflation picked up in August. NEW YORK: Investors head into next week's Federal Reserve (Fed) meeting bracing for the central bank to raise…...
True Fitness members caught off-guard by abrupt closure, some seek refunds
2+ day, 1+ hour ago (938+ words) Singapore's consumer watchdog says it has received 28 complaints from members, with reported losses of more than S$63,000 in unutilised memberships, packages and services. SINGAPORE: True Fitness and True Yoga’s abrupt closure on Friday (Sep 11) morning caught members by surprise, with…...
Foreign businesses fuel demand for prime locations in Kuala Lumpur
2+ day, 5+ hour ago (569+ words) An influx of newcomers into some of the Malaysian capital’s most sought-after neighbourhoods is boosting commercial activity and changing the retail landscape. Korean-owned businesses line the streets in the upscale neighbourhood of Solaris Mont Kiara in Kuala Lumpur. (Image: CNA)…...
Brent oil passes US$100 on Mideast flare-up, stoking inflation fears
3+ day, 8+ hour ago (471+ words) NEW YORK: International oil benchmark Brent spiked above US$100 a barrel Wednesday (Sep 9) for the first time since late July following renewed US-Iran hostilities, stoking fears of price increases and interest rate hikes. The jump in crude prices - with Brent…...
BOJ policymaker warns of price risks that may trigger rapid rate hikes
3+ day, 5+ hour ago (645+ words) FUKUI, Japan, Sept 10: The Bank of Japan may eventually be forced to raise interest rates rapidly if inflation accelerates given the country's loose financial conditions, board member Kazuyuki Masu said, warning of price risks that solidify the chance of a…...
Bank of Korea to assess conditions to determine pace and timing of tightening, says board member
3+ day, 17+ hour ago (218+ words) The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji SEOUL, Sept 10: A board member of the Bank of Korea said on Thursday the central bank would assess external and internal policy conditions,…...
Brent holds above $100 as tanker attacks deepen supply fear
3+ day, 6+ hour ago (255+ words) An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. Pump jacks are used to pump crude oil out of the ground after an oil well has been drilled. REUTERS/Todd Korol NEW DELHI, Sept 10 - Oil prices…...
Foreign businesses are reshaping Kuala Lumpur’s prime neighbourhoods
3+ day, 5+ hour ago (66+ words) CNA An influx of foreign businesses into some of Kuala Lumpur’s most sought-after neighbourhoods is reshaping the city’s commercial landscape. But their growing presence - and deeper pockets - are also driving up rents, putting pressure on local businesses. Melissa Goh reports…...
Oil turmoil: Goldman Sachs warns global prices could rise above US$120 a barrel
3+ day, 16+ hour ago (49+ words) CNA Renewed hostilities in the Persian Gulf keeping the international benchmark for oil around a US$100 per barrel. Daan Struyven, Co-head of Global Commodities Research at Goldman Sachs, tells us what it all means....
From beauty salons to restaurants: Chinese businesses expand across Malaysia, putting pressure on local firms
3+ day, 22+ hour ago (171+ words) CNA From beauty salons to restaurants: Chinese businesses expand across Malaysia, putting pressure on local firms The rapid growth of such businesses has unsettled some local businesses, who say foreign entrants are undercutting prevailing market prices. Chinese automotive service chain…...