General Motors chairman and CEO Dan Akerson (C) takes part in a ceremony in Shanghai, on June 19, 2013

US auto giant General Motors on Wednesday broke ground on a $1.3 billion plant in Shanghai to produce Cadillacs as it seeks a larger share of China's growing market for luxury cars.

Containers are unloaded at the international cargo terminal in Tokyo, on May 22, 2013

Japan extended a string of trade deficits in May, official data showed on Wednesday, as the country's import costs rose on the weak yen but shipments to the United States and China soared.

Top Stories

  • CIMB’s Nazir sees likelihood in hot money leaving Asia soon

    KUALA LUMPUR (June 19): Datuk Seri Nazir Razak, group chief executive of CIMB Group, sees a rising possibility that foreign hot money will leave Asia and the emerging markets soon. …

  • US auto giant GM breaks ground on China Cadillac plant
    US auto giant GM breaks ground on China Cadillac plant

    US auto giant General Motors on Wednesday broke ground on a $1.3 billion plant in Shanghai to produce Cadillacs as it seeks a larger share of China's growing market for luxury cars. …

  • Tune Ins to incur less capex after Batavia Miratama acquisition

    KUALA LUMPUR (June 19): Tune Ins Holdings Bhd expects to incur less capital expenditure (capex) this year. …

  • #Midday Market* KLCI up slightly after volatile trade

    KUALA LUMPUR (June 19): The FBM KLCI rose marginally at noon break after experiencing a positive-bias volatile morning session. …

  • VERDEZYNE AKAN BEKERJASAMA DENGAN BIOTECHCORP UNTUK PASTIKAN PELUANG DI ASIA

    KUALA LUMPUR, 19 Jun (Bernama) -- Syarikat biokimia berpangkalan di Kanada,Verdezyne Inc, telah menjalin kerjasama dengan Perbadanan Bioteknologi Malaysia(BiotechCorp) di dalam usaha meningkat nilai Malaysia sebagai destinasikemudahan pengeluaran biokimia di rantau Asia Pasifik.BiotechCorp berkata kehadiran Verdezyne di Malaysia akan mewujudkan peluangbagi potensi rakannya yang merancang meneroka di dalam pengeluaran hiliran didalam industri minyak sawit. ... …

  • KENANGA RESEARCH KEKALKAN SARANAN "OUTPERFORM" BAGI MALAYSIA AIRPORTS

    KUALA LUMPUR, 19 Jun (Bernama) -- Kenanga Research mengekalkan saranan "outperform" bagi Malaysia Airports Holdings Bhd (MAHB) meskipun kelewatanpenyiapan klia2, terminal penerbangan tambang rendah, dengan harga sasaranRM6.60.Firma penyelidikan itu berkata Malaysia Airports kekal sebagai pilihan utamadi atas sokongan pendapatan pelbagai dan trafik lapangan terbang yang lebih baikhasil daripada peningkatan persaingan dalam kalangan syarikat penerbangantambang rendah. ... …

  • Journalist who brought down U.S. general is killed in Los Angeles car crash
    Journalist who brought down U.S. general is killed in Los Angeles car crash

    LOS ANGELES (Reuters) - Journalist Michael Hastings, whose 2010 Rolling Stone magazine profile of the U.S. military chief in Afghanistan, Stanley McChrystal, led to the general being relieved of command, died on Tuesday in a car wreck in Los Angeles, his employer said. A statement from the editor-in-chief of online news outlet BuzzFeed reporting that Hastings, 33, had been killed, gave no details of the accident, and neither Los Angeles police nor the county coroner's office would confirm his …

  • Japan finds highly toxic strontium in Fukushima groundwater
    Japan finds highly toxic strontium in Fukushima groundwater

    By Osamu Tsukimori and Yuka Obayashi TOKYO (Reuters) - High levels of a toxic substance called strontium-90 have been found in groundwater at the devastated Fukushima nuclear power plant in Japan, the utility that operates the facility said on Wednesday. Strontium-90 is a by-product of the fission of uranium and plutonium in nuclear reactors as well as nuclear weapons, according to the website of the U.S. Environmental Protection Agency. ... …

Malaysia

Stocks

  • Asian stocks rebound after Tokyo drop
    Asian stocks rebound after Tokyo drop

    Asian stocks rebounded Friday from Tokyo's sharp decline after investors were encouraged by positive U.S. economic news. Oil stayed above $96 a barrel on signs of steady American hiring and stronger retail ... …

  • Asian shares recover after bruising selloff, sentiment still fragile
    Asian shares recover after bruising selloff, sentiment still fragile

    By Chikako Mogi TOKYO (Reuters) - Asian shares rebounded from multi-month lows on Friday, as upbeat U.S. economic data calmed frayed nerves after a bruising selloff in global markets, but investors remained ... …

  • Further equity malaise expected

    US stocks fell after Bank of Japan (BoJ) governor Haruhiko Kuroda said he sees no need to expand monetary stimulus immediately. BoJ’s policymakers refrained from expanding their tools to address b …

  • Overwhelming demand for AirAsia X shares

    KUALA LUMPUR: The response from foreign and bumiputera institutional investors to AirAsia X Bhd’s IPO has been “overwhelming”. The long-haul arm of the AirAsia group is undertaking the IPO to rais …

  • #Update* Trading of Ireka shares suspended

    KUALA LUMPUR (June 14): Trading of Ireka Corp Bhd shares has been suspended from 9am to 5pm today pending a material announcement, the construction firm said in statement to the exchange. " …

  • STOCKS NEWS MALAYSIA-MIDF downgrades Top Glove to 'neutral'

    MIDF Research has downgraded Top Glove Corp Bhd, the world's largest rubber glove maker, to 'neutral' from 'buy' as it sees a limited upside following the strengthening of the company's shares recently. ... …

  • Daily Markets Briefing: STI down 0.7%
    Daily Markets Briefing: STI down 0.7%

    Today's tone likely to improve, says analyst. OCBC Investment Research said: The rebound on Wall Street overnight and the strong Nikkei start (up 3% now) are likely to cue the local bourse to a positive ... …

Market Data

  • Currencies
    NamePriceChange% Chg
    3.16250.01+0.24%
    USDMYR=X
    4.23470.01+0.21%
    EURMYR=X
    4.94800.01+0.28%
    GBPMYR=X
    30.1252-0.11-0.35%
    MYRJPY=X
    2.51110.01+0.44%
    SGDMYR=X
    2.4527-0.01-0.26%
    MYRHKD=X
    3,132.0173-7.76-0.25%
    MYRIDR=X
    1.9395-0.00-0.20%
    MYRCNY=X
    3.00120.01+0.29%
    AUDMYR=X
    More Currencies »
  • Commodities
    NamePriceChange% Chg
    1,364.20-2.50-0.18%
    GCN13.CMX
    21.920.24+1.10%
    SIM13.CMX
    100.32-2.69-2.61%
    ^XAU
    3.160.01+0.21%
    HGM13.CMX
    97.950.05+0.05%
    CLX13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    1.050.01
    ^FVX
    2.180.01
    ^TNX
    3.34-0.01
    ^TYX
    More Bonds »

Currencies

Personal Finance