Money

Software may have helped Daimler pass US emissions tests: report

Software may have helped Daimler pass US emissions tests: report

February 18, 2018

BERLIN, Feb 18 — US investigators probing Mercedes maker Daimler <DAIGn.DE> have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported today, citing confidential documents. There has been growing scrutiny of diesel vehicles since Volkswagen <VOWG_p.DE> admitted in 2015 to installing secret software on 580,000 US vehicles that allowed them to emit up to 40 times legally allowable emissions while meeting... Read more

Recent Articles in Money

Indian banks may take more than US$3b hit from PNB fraud, says tax dept

Indian banks may take more than US$3b hit from PNB fraud, says tax dept NEW DELHI, Feb 18 — Indian banks could take a hit of more than US$3 billion (RM11.7 billion) from loans and corporate guarantees provided to diamond companies at the centre of a massive... Read more

After stunning growth streak, Amazon ambitions seem boundless

After stunning growth streak, Amazon ambitions seem boundless SAN FRANCISCO, Feb 18 ― Triumphant in online retail, cloud computing, organic groceries, and streaming television, Amazon founder and chief disruptor Jeff Bezos is turning his seemingly... Read more

China vows to protect interests as US eyes trade sanctions

China vows to protect interests as US eyes trade sanctions CHINA, Feb 17 — China today warned it would take necessary measures to protect its interests if the US imposes tough trade sanctions against its steel and aluminium exports. The US... Read more

Indonesia inks US$1.1b deal with Russia to buy 11 jets

Indonesia inks US$1.1b deal with Russia to buy 11 jets JAKARTA, Feb 17 — Indonesia has inked a billion-dollar deal to buy 11 Sukhoi Su-35 jets from Russia, an official said today. The contract, signed by both countries’ representatives in... Read more



Cash-scarce Venezuela sees boom in payment apps (VIDEO)

Cash-scarce Venezuela sees boom in payment apps (VIDEO) CARACAS, Feb 17 — Venezuela’s long-standing economic problems have made paper money hard to come by. So, it’s fueling a boom in digital payment apps, like Vippo and Tpago, which... Read more

Uber plans to sell SE Asia business to Grab

Uber plans to sell SE Asia business to Grab SAN FRANCISCO, Feb 17 — Uber Technologies is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake in the company, CNBC... Read more

Qualcomm says open to more deal talks with Broadcom following meeting

Qualcomm says open to more deal talks with Broadcom following meeting NEW YORK, Feb 17 ― Qualcomm Inc yesterday called a meeting with Broadcom Ltd to discuss the latter's US$121 billion (RM471 billion) bid constructive and opened the door to more talks, but... Read more

Ringgit to trend higher against US dollar next week

Ringgit to trend higher against US dollar next week KUALA LUMPUR, Feb 17 ― The ringgit is likely to trend higher against the US dollar next week on rebounding commodity prices and amid the weaker greenback. OANDA Corp Head of Trading for... Read more


Bursa Malaysia to trade firmer next week

Bursa Malaysia to trade firmer next week KUALA LUMPUR, Feb 17 ― Bursa Malaysia is expected to trade firmer next week, taking cue from the encouraging 2017 gross domestic product (GDP) data released on Wednesday. Affin Hwang... Read more

US stocks volatility: Back with a bang and here to stay

US stocks volatility: Back with a bang and here to stay NEW YORK, Feb 17 ― US stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in... Read more

World stocks post best week in two years, dollar climbs

World stocks post best week in two years, dollar climbs NEW YORK, Feb 17 ― The dollar rose and stocks around the globe rallied for a sixth straight session yesterday to post their best week in more than two years, but a US indictment over... Read more

Global stocks set for best week in six years, dollar sags (VIDEO)

Global stocks set for best week in six years, dollar sags (VIDEO) LONDON, Feb 16 — World shares were set for their best week of gains in six years today after two consecutive weeks in the red, shrugging off a rise in global borrowing costs while the... Read more


Our Picks in Money

Picture of the Day

A woman passes by a second-hand shop in Tbilisi, Georgia, February 18, 2018. — Reuters pic

A woman passes by a second-hand shop in Tbilisi, Georgia, February 18, 2018. — Reuters pic