Wednesday, March 22nd, 2017

 

British police say treating incident near Parliament as terrorism-related

British police say treating incident near Parliament as terrorism-related

LONDON (March 22): British police said they were treating an incident in which a policeman was stabbed inside the perimeter of Britain’s Parliament building as a terrorist incident.

“Officers — including firearms officers — remain on the scene and we are treating this as a terrorist incident until we know otherwise,” police said in a statement.

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S&P, Nasdaq flat as investors focus on healthcare Bill

NEW YORK, March 22 — The S&P and the Nasdaq were little changed in choppy late-morning trading today as investors remained cautious ahead of the first major legislative test of Donald Trump’s presidency. The Dow was lower, pulled down by…


Assailant shot, policeman stabbed and several injured in UK Parliament incident

Assailant shot, policeman stabbed and several injured in UK Parliament incident

LONDON (March 22): A policeman was stabbed inside the perimeter of Britain’s Parliament building on Wednesday, an assailant was shot outside and several people lay bleeding on a nearby bridge, Reuters witnesses and officials said.

A Reuters photographer saw at least a dozen people injured on Westminster Bridge and photographs showed people lying on the ground, bleeding heavily. The number of casualties was unclear.

The House of Commons, which was in session at the time, was immediately suspended and lawmakers were asked to stay inside.

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FGV, Metronic Global, Halex Holdings, Uzma, Berjaya Land, Poh Huat Resources, Leon Fuat, AirAsia, Luster Industries and DRB-Hicom

FGV, Metronic Global, Halex Holdings, Uzma, Berjaya Land, Poh Huat Resources, Leon Fuat, AirAsia, Luster Industries and DRB-Hicom

KUALA LUMPUR (March 22): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (March 23) may include the following: Felda Global Ventures Holdings Bhd, Metronic Global Bhd, Halex Holdings Bhd, Uzma Bhd, Berjaya Land Bhd, Poh Huat Resources Holdings Bhd, Leon Fuat Bhd, AirAsia Bhd, Luster Industries Bhd and DRB-Hicom Bhd.

Felda Global Ventures Holdings Bhd (FGV) is in talks with several companies, including Chinese firms, to establish partnerships to expand its distribution networks and finance facilities.

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Indonesia’s new ally on war against haze — tribespeople

Indonesia's new ally on war against haze — tribespeople

JAKARTA (March 22): Indonesia is recruiting tribespeople to help fight outbreaks of haze which shroud Southeast Asia every year with a government deal designed to tap into traditional ways of containing forest fires.

The region suffers every dry season from a haze caused by smouldering fires, often set deliberately to clear land for pulp and paper and palm oil plantations on Sumatra and Borneo islands.

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US existing home sales fall from 10-year high

US existing home sales fall from 10-year high

WASHINGTON (March 22): US home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers.

The National Association of Realtors said on Wednesday existing home sales declined 3.7% to a seasonally adjusted annual rate of 5.48 million units last month.

January’s sales pace was unrevised at 5.69 million units, which was the highest level since February 2007. Economists polled by Reuters had forecast sales decreasing 2.0% to a pace of 5.57 million units last month.

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Protectionism may raise, not cut, trade deficits — ECB

Protectionism may raise, not cut, trade deficits — ECB

FRANKFURT (March 22): Protectionist trade policies may increase, rather than reduce, a country’s trade deficit, the European Central Bank said in a study on Wednesday, just days after finance chiefs of the world’s top 20 economies dropped their pledge for open trade.

Seeking to reduce a large trade deficit, Donald Trump’s US administration has proposed a series of protectionist measures, such as new import duties.

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RHB: Supplementary budget unlikely to add to 2016 budget deficit

RHB: Supplementary budget unlikely to add to 2016 budget deficit

KUALA LUMPUR (March 22): The additional allocation of RM3.08 billion that Putrajaya is seeking for 2016 is unlikely to add to the overall budget deficit of RM38.7 billion or 3.1% of gross domestic product (GDP) that year, says RHB Research.

This is because the extra allocation is likely to be covered from higher revenue from elsewhere, said the research house, adding the request for more spending money wasn’t uncommon for the government, which has been tabling supplementary supply bills for the past six years.

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China’s Geely withdraws bid to take over Malaysia’s Proton

China's Geely withdraws bid to take over Malaysia's Proton

(March 22): It has been confirmed that China’s Geely Automobile Holdings has withdrawn its bid to buy a controlling stake in Malaysian carmaker Proton.

According to South China Morning Post (SCMP), Geely’s president, An Conghui, did not elaborate on the reasons for the decision to withdraw the bid, but Li Shufu, its chairman, had said in an interview with Bloomberg earlier this month that the Malaysian company kept changing its mind.

On March 3, Li told Bloomberg: “They keep changing, today it’s this, tomorrow it’s that. They haven’t decided what they want.”

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Oil prices hit lowest since Nov on expanding US inventories

Oil prices hit lowest since Nov on expanding US inventories

NEW YORK (March 22): Oil prices fell to almost four-month lows on Wednesday after data showed US crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.

The American Petroleum Institute said late Tuesday that US inventories climbed by 4.5 million barrels to 533.6 million last week, outpacing analyst forecasts of 2.8 million.

Investors now want to see whether Wednesday’s figures from the US Energy Information Administration confirm the rise. EIA will release its report at 10:30 a.m. EDT (1430 GMT).

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