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Bloomberg Allianz Malaysia Bhd has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co, people with knowledge of the matter said. AmGeneral Insurance Bhd’s owners have decided to enter detailed discussions with Allianz on a potential deal, according to the people, who asked not to be identified because ...

Bloomberg Indonesia will seek to sustain the growth in domestic consumption and boost government spending in a bid to shield itself from a spillover of slowing economic growth in China, according to Finance Minister Sri Mulyani Indrawati. The success in maintaining people’s purchasing power and consumption, which accounts for more than 55 percent of Indonesia’s gross domestic product, will determine ...

Bloomberg Investors locked into holding newly-listed Hong Kong stocks could only watch as last year’s bear market ate away at their returns. The shackles will soon be off. Xiaomi Corp saw a wave of selling after its lockup period — when key investors are banned from selling stock — ended three weeks ago. Similar restriction terms are due to end ...

Bloomberg The Trump administration will press China to prove it can keep promises in talks this week aimed at ending the trade war, Treasury Secretary Steven Mnuchin said, as the US ratcheted up legal pressure on one of the biggest examples of Chinese technological might. In a sign of the importance the White House is placing on the talks, President ...

Bloomberg Europe warned the world’s biggest tech and advertising companies that they need to intensify efforts to combat disinformation on their platforms ahead of European elections, or face regulation. The European Commission, the bloc’s executive body, acknowledged that companies such as Alphabet Inc’s Google, Twitter Inc and Facebook Inc, had made “some progress”, in particular with removing fake accounts and ...

Bloomberg T-Mobile US Inc Chief Executive Officer John Legere and Sprint Corp Chairman Marcelo Claure agreed to testify about their planned $26.5 billion merger before a Democratic-controlled House panel that is expected to bring tougher scrutiny to the consolidation of telecom giants. The hearing, scheduled for February 13, gives Representative David Cicilline of Rhode Island, the chairman of the House ...

Bloomberg Anyone looking for an upbeat forecast from Apple Inc is likely to be disappointed when the company’s results were expected on Tuesday. The company is set to report its first holiday quarter sales decline since the iPhone launched, and analysts are predicting revenue will keep shrinking in the current quarter. In early January, Chief Executive Officer Tim Cook forecast ...

Now that the government shutdown is over, perhaps it is appropriate to consider a delicate question: Is it still OK to tell people they need to save more money? It’s an issue that came to the fore during the last five weeks, when hundreds of thousands of federal government workers, and many contractors, didn’t get paid, leaving many of them ...

For the past year, the US and China have been engaged in a wide-ranging trade war. Nominally, the dispute concerns intellectual-property violations, forced technology transfers and other unfair practices. In reality, though, this clash is a symptom of a much larger strategic showdown — one in which Chinese President Xi Jinping seeks “decisive victory.” Aided by technology, China is embarking ...

The exodus from London is getting real. Ever since the UK voted to leave the European Union (EU) in June 2016, people have been watching for signs of how the prospect might affect London’s role as a global financial center. It stood to reason that it should: Assuming the breakup meant that the UK units of global banks would lose ...