Thursday, March 16th, 2017

 

China brushes off US questions over state enterprises at WTO

GENEVA, March 16 — China responded to US questions about its state trading enterprises in a World Trade Organisation filing today that looked unlikely to end US suspicions that China is breaking WTO rules. China’s five page response…


US dollar on the ropes as Fed deals blow to outlook

NEW YORK, March 16 — The dollar dropped to a five-week low against a basket of currencies today, still reeling from the previous session, when a statement from the US Federal Reserve statement failed to signal a much faster pace of monetary…


Merkel, Xi agree to work for free trade — German spokesman

Merkel, Xi agree to work for free trade — German spokesman

BERLIN (March 16): German Chancellor Angela Merkel and Chinese President Xi Jinping agreed in a phone call on Thursday to work together for free trade and open markets, a German government spokesman said.

“They spoke in particular about the conditions to expand electromobility in China which will allow the German auto industry to continue to be successful in the Chinese market,” said the spokesman.

The two leaders also agreed to continue cooperation, especially in the framework of Germany’s presidency of the G20, said the spokesman.

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Pound rises, gilts drop as Forbes vote catches market off-guard

LONDON, March 16 — The pound appreciated against all of its major peers and bonds fell after Bank of England policy maker Kristin Forbes voted for an interest-rate increase, a dissent that caught some in the market by surprise. Sterling…


Top Glove, BToto, Poh Kong, EcoWorld, TNB, Mudajaya, Willowglen, Bumi Armada, AirAsia, Magni-Tech, TSR Capital, SYF Resources, Dialog, Tecnic and MNRB.

Top Glove, BToto, Poh Kong, EcoWorld, TNB, Mudajaya, Willowglen, Bumi Armada, AirAsia, Magni-Tech, TSR Capital, SYF Resources, Dialog, Tecnic and MNRB.

KUALA LUMPUR (March 16): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (March 17) may include the following: Top Glove, BToto, Poh Kong, EcoWorld, TNB, Mudajaya Group, Willowglen, Bumi Armada, AirAsia, Magni-Tech, TSR Capital, SYF Resources, Dialog, Tecnic and MNRB.   

Top Glove Corp Bhd‘s net profit in the second financial quarter ended Feb 28, 2017 (2QFY17) dropped 20.6% to RM83.05 million from RM104.61 million a year earlier due to higher operating costs.

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UK commercial property recovery losing steam, index shows

UK commercial property recovery losing steam, index shows

(March 16): Growth in British commercial property prices slowed for a second month in February, a closely-watched index showed on Thursday, denting a recovery seen in the last quarter of 2016 following Britain’s vote to leave the European Union.

The value of British commercial property assets grew 0.17% in February compared with January, according to MSCI’s IPD real estate index, overshadowing largely stable rental growth, with total returns falling to 0.625% in February from 0.71% in January.

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Emirates, Etihad boarding as usual after 2nd Trump travel ban blocked

Emirates, Etihad boarding as usual after 2nd Trump travel ban blocked

DUBAI (March 16): Passengers from six mainly Muslim countries who would have been barred from the United States under President Donald Trump’s latest travel order will be allowed to board US-bound flights on Emirates and Etihad Airways now that a federal judge has blocked it, the Middle East carriers said on Thursday.

The executive order banning refugees and nationals of six Muslim-majority countries from travelling to the US was temporarily halted on Wednesday, hours before it was to go into effect, by a federal judge in Hawaii.

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German prosecutor searches VW’s dieselgate law firm

German prosecutor searches VW's dieselgate law firm

FRANKFURT (March 16): German prosecutors have searched the offices of the law firm hired by Volkswagen to investigate its diesel emissions test cheating, as they step up their efforts to identify those involved in the scandal.

Europe’s biggest carmaker condemned the search, carried out on Wednesday but reported on Thursday, as “unacceptable in every way” and said it would use every legal step to defend itself.

The law firm, Jones Day, declined to comment. The Munich prosecutor’s office was not immediately available for comment.


Tesla returns to Wall Street as Musk prepares Model 3 rollout

NEW YORK, March 16 — Elon Musk needs to raise at least US$1.15 billion (RM5.1 billion) more to bring his more affordable Model 3 to market. His believers, along with investors who buy into the vision of Tesla Inc, could hardly be happier….


‘Now is not the time,’ UK’s May tells Scotland on independence vote

'Now is not the time,' UK's May tells Scotland on independence vote

LONDON/EDINBURGH (March 16): British Prime Minister Theresa May told the Scottish government on Thursday “now is not the time” for a second independence referendum, saying it would be unfair to ask people to vote without knowing the result of Brexit talks.

Her comments raised tensions with Scotland, where nationalists have called for a new referendum and accuse May of all but ignoring their demands in her preparations for divorce talks with the European Union.

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