Monday, October 3rd, 2016

 

Wall St pulled lower by financial, health stocks

NEW YORK, Oct 3 — US stocks started the fourth quarter on a weak note as healthcare stocks fell and Deutsche Bank’s travails weighed on financials. The German lender is working to reach a settlement with US authorities who have demanded a… Source: The Malay Mail Online


Henderson ties up with Janus to form US$6b fund firm

LONDON, Oct 3 — London-based asset manager Henderson Group agreed to buy US rival Janus Capital Group Inc today in an all-share US$6 billion (RM24.8 billion) deal to cut costs and boost profits in the face of growing competition from index… Source: The Malay Mail Online


Sliding pound lifts London stocks

LONDON, Oct 3 — The British pound slumped to a three-year low against the euro today in reaction to news that Britain would begin Brexit negotiations by March. However better-than-expected British manufacturing data, ironically thanks to… Source: The Malay Mail Online


US manufacturing rebounds in September

WASHINGTON, Oct 3 — The US manufacturing sector rebounded in September after contracting the previous month, although 11 out of 18 sectors still reported slowing business, the Institute for Supply Management said today. The Commerce… Source: The Malay Mail Online


September US auto sales seen sliding even as discounts rise

DETROIT, Oct 3 — Major automakers are expected today to report their second straight decline in monthly US sales as heavy discounting has failed to bring demand up to last year’s robust September sales. Twenty-four economists polled by… Source: The Malay Mail Online


UK government consulting with business on immigration curbs, says minister

BIRMINGHAM (England), Oct 3 — The British government is working on its proposals for curbing immigration following the country’s exit from the European Union and will consult with businesses on its plans, interior minister Amber Rudd said… Source: The Malay Mail Online


US stocks open news-rich week on down note

NEW YORK, Oct 3 — Wall Street stocks opened lower today at the start of a news-rich week that includes the September US jobs report and the annual meeting of the International Monetary Fund. The jobs report, to be released Friday, is expected… Source: The Malay Mail Online


Unions set to strike over ING plan to cut jobs and spend on going digital

AMSTERDAM, Oct 3 — ING Groep’s plans to shed 7,000 jobs and invest in its digital platforms to make annual savings of €900 million (RM4.2 billion) by 2021, drew swift criticism from unions of the Netherlands’ largest financial services… Source: The Malay Mail Online


Foxconn’s FIH Mobile warns of 52pc drop in net profit

TAIPEI, Oct 3 — Mobile phone maker FIH Mobile Ltd warned today its consolidated net profit would more than halve this year as weaker sales dent business at the Hong Kong-listed unit of Hon Hai Precision Industry Co. The 52 per cent slide in… Source: The Malay Mail Online


German firms sign contracts in Iran on trade mission

TEHRAN, Oct 3 — German firms have signed a range of business deals with Iranian partners as part of two-day visit with Economy Minister Sigmar Gabriel aimed at rebuilding trade ties, the ministry said today. Gabriel has flown to Iran with a… Source: The Malay Mail Online