PARIS/ BEIJING, May 23- Chinese automaker Geely has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom, sources said on Tuesday, beating out rival bidder PSA Group. Zhejiang Geely Holding Group, which controls Hong Kong- based Geely Automobile and Sweden's Volvo Car Group, will acquire 49 percent of Proton, the sources said.
Is China spending big to overhaul its image problem?
Like free-trade superheroes, Japan and New Zealand are spearheading efforts to make the Trans-Pacific Partnership a reality without the U.S.
In a pushback against Trump’s protectionist rhetoric, 11 nations in the TPP have agreed on Sunday to proceed without the U.S.
Nomura economist Rob Subbaraman explained why he’s bullish on the outlook for Malaysia.
Beijing and its Southeast Asian neighbors have agreed to a framework for a code of conduct in the South China Sea, the SCMP reports.
HANOI, May 17- Japan and other remaining members of the Trans Pacific Partnership will this weekend decide how to revive the trade agreement ditched by U.S. Support has built among the so-called TPP-11 for pushing ahead without the United States although trade within the smaller block is only a quarter of that between the original 12 members, according to the...
China reportedly installed rocket launchers on a disputed South China Sea reef to ward off Vietnamese military combat divers.
Homegrown militants in the Philippines are increasingly turning their focus to holiday hot-spots, potentially spelling trouble for the tourist-dependent economy.
*Attacks slow to a trickle, some seen in Canada. *Researchers probe links to North Korea. WASHINGTON, May 16- Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry "ransomware" attack warned it would release more malicious code.
*Researchers see "WannaCry" links to North Korea. SEOUL/ WASHINGTON, May 16- Cybersecurity researchers have found evidence they say could link North Korea with the WannaCry cyber attack that has infected more than 300,000 computers worldwide, as global authorities scrambled to prevent hackers from spreading new versions of the virus. A researcher from South...
*Researchers see "WannaCry" links to North Korea. SEOUL/ WASHINGTON May 16- Cybersecurity researchers have found evidence they say could link North Korea with the WannaCry cyber attack that has infected more than 300,000 computers worldwide, as global authorities scrambled to prevent hackers from spreading new versions of the virus. A researcher from South...
KUALA LUMPUR, May 16- The chemical manufacturing unit of Malaysia's state energy firm Petronas is looking to grow "aggressively" in specialty chemicals to meet demand in new regional markets and profit from higher margins, its CEO told Reuters on Tuesday. The affordability of specialty chemicals in its key markets Southeast Asia, China and India is increasing...
*China and India prepare for radical policy shifts. SINGAPORE/ KUALA LUMPUR, May 12- Demand for gasoline in Asia may peak much earlier than expected as millions of people in China and India buy electric vehicles over the next decade, threatening wrenching change for the oil industry, oil and auto company executives warned. Change is being prompted by policy moves...
Malaysia's government needs to improve transparency in the wake of the 1MDB scandal, said CIMB's Nazir Razak, the prime minister’s brother.
SEATTLE, May 10- Boeing Co said on Wednesday it had temporarily halted test flights of its new 737 MAX aircraft due to an issue with the engine, which is jointly made by General Electric Co and Safran SA of France. Boeing shares fell 1.3 percent to $183.15 in afternoon trading on the New York Stock Exchange. GE shares were down 0.9 percent at $28.67.
Nazir Razak, CIMB Group chairman, says the Malaysian government still needs to do more to improve transparency.
Nazir Razak, CIMB Group chairman, weighs in on the consumer debt to GDP ratio in Malaysia and the outlook for the Malaysian ringgit.
Nazir Razak, CIMB Group chairman, talks to CNBC about Malaysia's growth prospects and how he expects the upcoming election to play out.
KUALA LUMPUR, May 9- Malaysia is trying to rope in China's Dalian Wanda Group Co Ltd to develop a $1.7 billion Kuala Lumpur property project, barely a week after it dumped its original partners in disputed circumstances, sources aware of the discussions said on Tuesday. An investment by Dalian Wanda- owned by China's richest man Wang Jianlin- would be a big boost for...