Thursday, March 30th, 2017

 

German minister warns of tough Brexit talks, no discount available

German minister warns of tough Brexit talks, no discount available

BERLIN (March 30): German Foreign Minister Sigmar Gabriel said on Thursday that negotiations about Britain’s exit from the European Union would be tough before getting easier.

“The Brexit negotiations with the United Kingdom that the European Union will lead for us won’t be easy — some people know the saying that … things will get difficult before they get easier again — that applies to these talks,” said Gabriel.

Gabriel also said that the EU’s remaining 27 states expected Britain to keep to its financial obligations.

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Malaysia only talking to Dassault about fighter purchase — French government

Malaysia only talking to Dassault about fighter purchase — French government

PARIS (March 30): Malaysia, which wants to buy up to 18 combat planes in a deal potentially worth more than US$2 billion, is now talking to only one supplier, France’s Dassault Aviation, about its Rafale jets, the French government spokesman said on Thursday.

“Negotiations have started. I believe there are now only negotiations with Dassault about the Rafale,” Stephane Le Foll told reporters in a briefing after a Cabinet meeting.

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Apple, Wal-Mart stick with climate pledge after Trump pivot

WASHINGTON, March 30 — Many of America’s biggest corporations including Apple Inc and Wal-Mart Stores Inc are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor’s environmental policies….


CBO says US debt to reach 150% of GDP in 30 years

CBO says US debt to reach 150% of GDP in 30 years

WASHINGTON (March 30): US debt held by the public will balloon to 150 percent of economic output by 2047 unless tax and spending laws are changed, the Congressional Budget Office said on Thursday, far exceeding the record level just after World War II.

The new projections show steeper 30-year debt growth than last year’s long-term forecast by the non-partisan budget analysis agency, and could make it harder for some members of Congress to support a tax reform plan that is partly financed with higher deficits.

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Draghi’s German problem may fizzle as ECB sticks to its plan

FRANKFURT, March 30 — Mario Draghi’s German difficulty may be melting away with the change of seasons. The European Central Bank president had barely begun the New Year when a winter spike in consumer prices provoked resurgent calls in…


Daya Materials, Sedania, Yong Tai, Berjaya Corp, Sapura Resources, Crescendo, Sarawak Cable and Yinson

Daya Materials, Sedania, Yong Tai, Berjaya Corp, Sapura Resources, Crescendo, Sarawak Cable and Yinson

KUALA LUMPUR (March 30): Based on corporate announcements and news flow today, stocks in focus on Friday (March 31) may include: Daya Materials Bhd, Sedania Innovator Bhd, Yong Tai Bhd, Berjaya Corp Bhd, Sapura Resources Bhd, Crescendo Corp Bhd, Sarawak Cable Bhd and Yinson Holdings Bhd.

Daya Materials Bhd will sell its offshore subsea construction vessel Siem Daya 1 (SD1) together with subsidiary Daya Global 1 Pte Ltd for US$100 million (RM442.55 million) to Siem OCV Ptd Ltd as part of its debt restructuring exercise.

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Wall St little changed after GDP data; eyes on earnings

Wall St little changed after GDP data; eyes on earnings

NEW YORK (March 30): US stocks were little changed on Thursday as the upwardly revised fourth-quarter GDP growth rate underscored strength in the domestic economy, while investors looked ahead to the start of first-quarter earnings season.

Gross domestic product increased 2.1 percent, compared with the previously reported 1.9 percent, the Commerce Department said. The economy grew 3.5 percent in the third quarter.

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US stocks fluctuate as dollar erases gain on Trump

NEW YORK, March 30 — US stocks pared a sixth straight quarterly advance as central bank officials in Europe and the US signalled divergent policy paths. The dollar erased gains after CNBC reported the Trump administration is assessing ways to…


JPMorgan said in talks for Dublin office as Citi weighs EU unit

LONDON, March 30 — JPMorgan Chase & Co is in talks to buy a Dublin office building as the bank considers expanding in the Irish capital as one of its options for when Britain leaves the European Union, according to people with knowledge of the…


Malaysians return home from North Korea as Kim Jong Nam’s body released

Malaysians return home from North Korea as Kim Jong Nam's body released

KUALA LUMPUR (March 30): Malaysian Prime Minister Najib Razak said on Thursday that the body of Kim Jong Nam, half brother of North Korean leader Kim Jong Un, has been released to North Korea, bringing an end to a diplomatic spat that escalated over nearly seven weeks.

Najib said nine Malaysians barred from leaving North Korea had been allowed to board a plane to leave Pyongyang, adding on Twitter that the plane was expected to reach Kuala Lumpur at 5am Malaysian time (2100 GMT).

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