Friday, March 10th, 2017

 

Euro zone bonds jolted by central banks ‘unplugging life support’

Euro zone bonds jolted by central banks 'unplugging life support'

LONDON (March 10): The euro zone’s main gauge of borrowing costs was set for its biggest fortnightly rise in nearly two years on Friday as investors prepared for rate hikes in the United States and, eventually, Europe.

Funds ditched safe-haven German bonds en masse, sending yields higher, after the European Central Bank on Thursday signaled a diminishing urgency for more policy action and highlighted an improving economic outlook.

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US tourism sector faces squeeze of strong dollar, Trump travel ban

US tourism sector faces squeeze of strong dollar, Trump travel ban

BERLIN (March 10): The US travel sector is bracing for a year in which a strong dollar and uncertainty over President Donald Trump’s travel ban could deter visitors, industry representatives said at the world’s biggest tourism trade fair in Berlin.

Trump on Monday signed a revised executive order banning citizens from six Muslim-majority nations from travelling to the United States.

Those countries account for a tiny percentage of US visitors, but there is growing concern that the order could hurt the image of the United States and scare other tourists away.

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Volkswagen pleads guilty in US court in diesel emissions scandal (VIDEO)

DETROIT, March 10 — Volkswagen AG pleaded guilty today to three felony counts as part of a US$4.3 billion (RM19.1 billion) plea agreement reached with the Justice Department in January over the automaker’s massive diesel emissions scandal….


Volkswagen pleads guilty in US court in diesel emissions scandal

DETROIT, March 10 — Volkswagen AG pleaded guilty today to three felony counts as part of a US$4.3 billion (RM19.1 billion) plea agreement reached with the Justice Department in January over the automaker’s massive diesel emissions scandal….


China defends its Trump trademark approvals as in line with law

China defends its Trump trademark approvals as in line with law

BEIJING (March 10): US President Donald Trump was granted initial approval on dozens of new trademarks in China because they met legal standards, a senior Chinese commercial official said on Friday.

China’s trademark office in recent weeks green-lighted 38 trademark applications linked to Trump, giving the US president and his family protection were they to develop the “Trump” brand in the market.

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China urges ‘out of the box’ thinking on North Korea

 China urges 'out of the box' thinking on North Korea

BEIJING (March 10): China on Friday called for all parties involved in the dispute over North Korea’s nuclear and missile programmes to think “out of the box” to reach a resolution.

Chinese Foreign Minister Wang Yi this week suggested a “dual suspension” of US and South Korean military drills and Pyongyang’s missile and nuclear tests, to seek talks instead.

However, the United States dismissed China’s suggestion of a “dual suspension”, saying “all options are on the table” to deal with North Korea.

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Ford names female tech executive Lynn Vojvodich to its board

NEW YORK, March 10 — US automaker Ford Motor Co said today it had elected former Salesforce.com Inc executive Lynn Vojvodich to its board of directors. Vojvodich, who has also held roles at Microsoft Corp and tech venture capital firm…


Gadang, TRC Synergy, Sunway Construction, UMW O&G, Cycle & Carriage, WCT, Ta Ann, Rex Industry, Sime Darby, SC Estate Builder and MAHB

Gadang, TRC Synergy, Sunway Construction, UMW O&G, Cycle & Carriage, WCT, Ta Ann, Rex Industry, Sime Darby, SC Estate Builder and MAHB

KUALA LUMPUR (March 10): Based on corporate announcements and news flow today, the companies that may be in focus on Monday (March 13) could be the following: Gadang, TRC Synergy, Pos Malaysia, Sunway Construction, UMW O&G, Cycle & Carriage, WCT, Ta Ann, Rex Industry, Sime Darby, SC Estate Builder and MAHB.

Mass Rapid Transit Corp Sdn Bhd has awarded work packages worth a total of RM2.74 billion to four companies for the MRT2 construction.

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EU capitalising on free-trade interest amid gloom over Trump policies

MANILA, March 10 — The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for US trade policy, the EU’s trade…


Wall Street opens higher after robust jobs data

NEW YORK, March 10 — US stocks opened higher today after a stellar jobs report underscored the strength of the economy and firmed up the odds of the first interest rate hike this year. The Dow Jones Industrial Average was up 66.2 points, or…