Tuesday, March 28th, 2017

 

Lockheed’s US$29 billion copter poised to win Pentagon’s approval

Lockheed’s US$29 billion copter poised to win Pentagon’s approval

(March 28) The Pentagon is poised to review — and probably approve — a new helicopter from Lockheed Martin Corp to transport heavy cargo for the Marine Corps in a programme valued at as much as US$29 billion.

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Russian maker of AK-47s banks on Asia to join defence elite

(March 28): Asia is a key part of Moscow-based Rostec State Corp’s plan to become one of the world’s top five defense companies within a decade, according to a senior executive.

Rostec, whose units account for about 70 percent of Russia’s defense industrial base and include AK-47 assault rifles and MiG fighter jets, will focus on selling more to countries including India, Indonesia, Thailand and the Philippines, Viktor Kladov, Rostec’s director for international cooperation, said in an interview conducted by email on March 24.

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China’s largest chipmaker secures US$22 billion to expand globally

China's largest chipmaker secures US$22 billion to expand globally

(March 28): Tsinghua Unigroup Ltd has clinched as much as 150 billion yuan (US$22 billion) of financing from two Chinese government-backed investors, amassing a pool of funds to pursue acquisitions and build a world-class semiconductor industry.

The state-linked chip-maker will receive a total of 100 billion yuan from China Development Bank, a policy lender overseen by the country’s cabinet, in the years till 2020. It’ll get another 50 billion yuan from a national chip fund set up in 2014 to drive advances in domestic semiconductors, Unigroup said in a statement on its website.

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US dollar holds steady above four-month lows as markets await Fed speakers

NEW YORK, March 28 — The dollar steadied broadly today, hovering above 4-month lows, as a general risk-off mood in currency markets offset comments from Federal Reserve officials that suggested the US central bank was poised to continue its…


Lufthansa warns Brexit to hit UK airlines as EU gets tough

FRANKFURT, March 28 — Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr expects France and Germany to take a hard line against the UK aviation industry in Brexit negotiations, threatening to disrupt flight connections across Europe….


Trump tweets, then Ford announces investment in three Michigan plants

Trump tweets, then Ford announces investment in three Michigan plants

DETROIT/WASHINGTON (March 28): Ford Motor Co on Tuesday said it would invest US$1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after US President Donald Trump touted a “major investment” by the automaker on Twitter.

In January, Ford scrapped plans to build a US$1.6 billion car factory in Mexico and instead added 700 jobs in Michigan following Trumps criticism that centered on trade and investing in America.

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Wall Street set to open slightly lower over Trump’s policy stumble

NEW YORK, March 28 — US stocks looked set to open slightly lower today as investors assessed President Donald Trump’s first major policy stumble, while awaiting comments from several Federal Reserve officials, including Fed Chair Janet Yellen….


Wall St flat as investors look beyond healthcare Bill

Wall St flat as investors look beyond healthcare bill

NEW YORK (March 28): US stocks struggled for direction on Tuesday as investors chose to look beyond President Donald Trump’s first major policy setback, while awaiting comments from several Federal Reserve officials, including Fed Chair Janet Yellen.

A failed healthcare Bill sent the dollar and stocks down on Monday as investors questioned Trump’s ability to push his ambitious agenda of tax cuts and simpler regulations in Congress.

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Perak Transit, Muar Ban Lee, United Malacca, Cypark, Astro, Kelington, UEM Edgenta, Econpile, Handal and Anzo

Perak Transit, Muar Ban Lee, United Malacca, Cypark, Astro, Kelington, UEM Edgenta, Econpile, Handal and Anzo

KUALA LUMPUR (March 28): Based on corporate announcements and news flow today, stocks in focus on Wednesday (March 29) may include: Perak Transit Bhd, Muar Ban Lee Group Bhd, United Malacca Bhd, Cypark Resources Bhd, Astro Malaysia Holdings Bhd, Kelington Group Bhd, UEM Edgenta Bhd, Econpile Holdings Bhd, Handal Resources Bhd and Anzo Holdings Bhd.

Perak Transit Bhd is purchasing two plots of land near Universiti Teknologi Petronas in Tronoh, Perak to develop into an integrated bus terminal complex.

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China’s Tencent takes 5% stake in electric-car maker Tesla

China's Tencent takes 5% stake in electric-car maker Tesla

(March 28): Tesla Inc, the California-based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake in the US company for US$1.78 billion.

The purchase, revealed in a US regulatory filing, gives Shenzhen-based Tencent a growing presence in the rapidly expanding future mobility sector, with investments in US and Chinese startup companies that provide ride sharing services and are developing self-driving electric vehicles.

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