Wed02212018

LAST_UPDATEWed, 21 Feb 2018 12am

In Boost To Reform, Saudi Arabia's Cabinet Approves Bankruptcy Law

Pic: ReutersDUBAI/KHOBAR, SAUDI ARABIA: Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.

Read more: In Boost To Reform, Saudi Arabia's Cabinet Approves Bankruptcy Law

Dollar Finds Traction After Steep Fall, Holds Above Three-Year Lows

TOKYO: The dollar found some traction on Monday following last week’s steep fall and managed to hold above a three-year low against a basket of currencies.

Read more: Dollar Finds Traction After Steep Fall, Holds Above Three-Year Lows

Lego Builds Foundations In China Classrooms As Old Markets Slow

Pic: ReutersBEIJING/SHANGHAI: Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the classroom as well as the toy box.

Read more: Lego Builds Foundations In China Classrooms As Old Markets Slow

Oil Extends Gains, But Upside Limited As Dollar Edges Up

TOKYO: Oil prices extended gains on Monday, but the increases were limited as the dollar recaptured some ground after touching its lowest level in more than three years on Friday.

Read more: Oil Extends Gains, But Upside Limited As Dollar Edges Up

Malaysia, Ukraine To Boost Bilateral Trade

KUALA LUMPUR -- Malaysia and Ukraine plan to ramp up trade promotional activities in an effort to boost bilateral trade between both nations, said Malaysia External Trade Development Corporation (MATRADE) Deputy Chief Executive Officer Datuk Wan Latiff Wan Musa.

Read more: Malaysia, Ukraine To Boost Bilateral Trade

Japan, Short Of Workers, Eyes Hiking Optional Pension Age Beyond 70

Pic: ReutersTOKYO: Japan has okayed plans to let people choose to start drawing their state pensions beyond the age of 70 as it grapples with severe labour shortages, ballooning welfare costs and a shrivelling tax base stemming from its greying population.

Read more: Japan, Short Of Workers, Eyes Hiking Optional Pension Age Beyond 70

Malaysia Wins WTO Praise For Impressive Economic Achievement

KUALA LUMPUR: Forty-three World Trade Organisation (WTO) members who participated in a question and answer session at the recent two-day 7th Trade Policy Review (TPR) Of Malaysia, in Switzerland, commended the country for its impressive economic achievement, prudent trade and economic policies.

Read more: Malaysia Wins WTO Praise For Impressive Economic Achievement

U.S. Commerce Department Proposes Hefty Import Curbs On Steel, Aluminium

Pic: Reuters

WASHINGTON - The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas, according to proposals released on Friday.

Read more: U.S. Commerce Department Proposes Hefty Import Curbs On Steel, Aluminium

Exclusive: GE Exploring Industrial Gas Engine Business Sale - Sources

Pic: Reuters

General Electric Co (GE.N) is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter.

Read more: Exclusive: GE Exploring Industrial Gas Engine Business Sale - Sources

Malaysia Wants To Attract Automotive Investors From India

IPOH: Malaysia is looking forward to lure automotive investors from India to the newly-launched National Automotive Cluster @ Proton City (NAC) in Tanjung Malim, says Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan.

Read more: Malaysia Wants To Attract Automotive Investors From India