Tuesday, March 7th, 2017

 

N Korea’s Kim Jong Un lights fires across Asia, creating dilemma for Trump

N Korea's Kim Jong Un lights fires across Asia, creating dilemma for Trump

(March 7): Murder in Malaysia. Protests in China. And missiles flying toward Japan.

All can be traced back to North Korea and show how Kim Jong Un is managing to stir up tensions in the region while trying to provoke a reaction from US President Donald Trump. The question for Trump, Xi Jinping and other leaders is how to respond, given sanctions, cajoling and military pressure have all failed to rein Kim in.

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Wall St slips as Trump tweet pummels drug stocks

Wall St slips as Trump tweet pummels drug stocks

NEW YORK (March 7): Healthcare stocks took a hammering on Tuesday, dragging the major US indexes lower, after President Donald Trump tweeted about lowering drug prices.

Trump said he was working on a new system to increase competition in the drugs industry and bring down prices.

The S&P 500 healthcare index plunged 0.91 percent, setting it up for its worst day since Jan 11, when Trump said drugmakers were “getting away with murder” by charging high prices.

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China’s ZTE to pay over US$800 mil to settle with US over Iran sales — source

China's ZTE to pay over US$800 mil to settle with US over Iran sales — source

NEW YORK (March 7): Chinese telecommunications equipment maker ZTE Corp has agreed to pay more than US$800 million to settle with US authorities over allegations it violated US laws restricting the sale of American-made technology to Iran, according to a person familiar with the matter.

The US Department of Commerce is expected to announce the agreement on Tuesday, said the person, who did not want to be identified because the settlement is not yet public.

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Oil prices firm, stay in tight range as stocks data awaited

Oil prices firm, stay in tight range as stocks data awaited

LONDON (March 7): Oil prices firmed on Tuesday but stayed in a tight range, with investors seeking a clearer direction from inventory data and comments from oil officials as rising US shale output offset OPEC production cuts.

Brent crude was up 54 US cents at US$56.55 a barrel by 1420 GMT. US West Texas Intermediate (WTI) crude was up 53 US cents at US$53.73. Both benchmarks had traded in negative and positive territory since the start of the day’s Asian session.

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Brazil’s recession worst in country’s history

RIO DE JANEIRO, March 7 — Brazil is suffering the worst recession of its history, official figures showed today, but Finance Minister Henrique Meirelles insisted that Latin America’s biggest economy will soon bounce back. The government…


Malaysia is one of two Asia Pacific nations with severe graft issues — TI survey

Malaysia is one of two Asia Pacific nations with severe graft issues — TI survey

KUALA LUMPUR (March 7): Malaysia and Vietnam are seen by their own citizens as having the most severe corruption problems among Asia Pacific countries, according to a survey by Transparency International.

The two countries ranked lowest among 16 nations in the “People and Corruption” survey, which was conducted between July 2015 and January 2017 involving 20,000 citizens.

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TIME dotCom, Hap Seng Consolidated, Tenaga, Priceworth International, IHH Healthcare, Mesiniaga, Bursa Malaysia and Palette Multimedia

TIME dotCom, Hap Seng Consolidated, Tenaga, Priceworth International, IHH Healthcare, Mesiniaga, Bursa Malaysia and Palette Multimedia

KUALA LUMPUR (March 7): Based on corporate announcements and news flow today, the companies that may be in focus on Wednesday (March 8) could include the following: TIME dotCom, Hap Seng Consolidated, Tenaga, Priceworth International, IHH Healthcare, Mesiniaga, Bursa Malaysia and Palette Multimedia.

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TM inks agreement to deploy HSBB to more than initial 1.3 million premises target

TM inks agreement to deploy HSBB to more than initial 1.3 million premises target

KUALA LUMPUR (Mar 7): Telekom Malaysia Bhd (TM) agreed to further deploy high speed broadband (HSBB) in the Klang Valley and key economic and industrial zones in the country, above the agreed target for the remaining two years of phase one of the HSBB project.

In a stock exchange filing today, TM said the total number of premises passed that have been deployed, as at Dec 31, 2016, was 1.95 million, which has already surpassed the agreed target of 1.34 million. The initial target was achieved in 2012.

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EU states agree slightly higher budget on migration, jobs

BRUSSELS, March 7 — European Union nations agreed a slightly revised long-term budget for the bloc today, including backing nearly €4 billion (RM18.8 billion) extra to deal with migrant flows and border controls. The deal was reached after…


Palm oil giant denies covering up labour abuses in Indonesia

Palm oil giant denies covering up labour abuses in Indonesia

JAKARTA (March 7): Palm oil giant Wilmar on Tuesday denied accusations by a rights group that it had intimidated workers in an attempt to cover up a string of labour abuses from child labour to low wages on its Indonesian plantations.

Amnesty International in an investigation last November had found children as young as eight worked in “hazardous” conditions at palm plantations run by the Singapore-based firm and its suppliers in Indonesia.