Monday, April 3rd, 2017

 

McDonald’s may be next on EU menu as probe said to wrap up

BERLIN, April 3 — A European Union probe into McDonald’s Corp is entering its final stages after officials gathered information on whether the Big Mac maker unfairly benefited from a hefty tax break in Luxembourg, according to people familiar…


Imagination Technologies’ shares plunge 70% after Apple ditches firm

LONDON (April 3): Imagination Technologies has been told by Apple, its biggest customer, that the maker of iPhones, iPads and Apple Watches is to stop using its graphics technology in its new products, sending shares in the company crashing by more than 70 percent on Monday.

Imagination said Apple, which accounts for about half its revenue, had notified the British firm it was developing its own graphics chips and would no longer use Imagination’s processing designs in 15 months to two years time.

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UPS adds Saturday deliveries as online shopping drives demand

DALLAS, April 3 — United Parcel Service Inc will add Saturday ground deliveries, making one of the biggest shipping-time changes in its 109-year history in response to rising demand from online shoppers. Homes and businesses will no longer…


Eco World International, TNB, FGV, Yinson, GHL systems, CCM Duopharma, Kelington, MMC Corp and Alam Maritim

Eco World International, TNB, FGV, Yinson, GHL systems, CCM Duopharma, Kelington, MMC Corp and Alam Maritim

KUALA LUMPUR (April 3): Based on corporate announcements and news flow today, stocks that may be in focus on Tuesday (April 4) may include: Eco World International Bhd, Tenaga Nasional Bhd, Felda Global Ventures Holdings Bhd, Yinson Holdings Bhd, GHL Systems Bhd, CCM Duopharma Biotech Bhd, Kelington Group Bhd, MMC Corporation Bhd and Alam Maritim Resources Bhd

Eco World International Bhd (EWI) said it will be submitting a “compelling” proposal to its Singapore-listed strategic shareholder GuocoLand Ltd to seal a partnership between the two property developers.

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Oil prices under pressure as Libyan production recovery weighs

LONDON, April 3 — Oil prices were under pressure today as a rebound in Libyan oil output at the weekend weighed against upbeat economic data from Asia that pointed to strong energy demand from the region. Benchmark Brent futures eased by 8…


Wall St flat; earnings season, ‘difficult’ Trump-Xi talks loom

Wall St flat; earnings season, 'difficult' Trump-Xi talks loom

NEW YORK (April 3): US stocks were flat on Monday, with investors awaiting the earnings season to justify high valuations, and, more immediately, the implications of President Donald Trump’s “very difficult” meeting with Chinese President Xi Jinping.

Trump said in a tweet last Thursday that the meeting over the coming Thursday and Friday would be “a very difficult one” as the United States could not risk massive trade deficits and job losses.

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Blasts in St Petersburg metro stations kill 10

ST PETERSBURG, Russia (April 3): At least 10 people were killed and 50 injured when an explosion tore through a train carriage in the St Petersburg underground system on Monday, Russian authorities said.

Interfax news agency quoted an unnamed source as saying the blast was caused by a bomb filled with shrapnel.

President Vladimir Putin, who was himself in St Petersburg for a meeting with Belarussian leader Alexander Lukashenko, said he was considering all possible causes for the blast, including terrorism. He was consulting with security services

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Yinson unit’s bareboat charter contract terminated

Yinson’s 49%-owned PTSC Asia Pacific’s bareboat charter contract terminated

KUALA LUMPUR (Apr 3): Yinson Holdings Bhd’s 49%-owned PTSC Asia Pacific Pte Ltd, has been informed that its capacity as charterer under a Bareboat Charter Contract shall be terminated on June 30.

PTSC Asia Pacific is a joint venture between PetroVietnam Technical Services Corporation (PTSC), in which Yinson and PTSC holds 49% and 51%, respectively.

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Yinson’s 49%-owned PTSC Asia Pacific’s bareboat charter contract terminated

Yinson’s 49%-owned PTSC Asia Pacific’s bareboat charter contract terminated

KUALA LUMPUR (Apr 3): Yinson Holdings Bhd’s 49%-owned PTSC Asia Pacific Pte Ltd, has been informed that its capacity as charterer under a Bareboat Charter Contract shall be terminated on June 30.

PTSC Asia Pacific is a joint venture between PetroVietnam Technical Services Corporation (PTSC), in which Yinson and PTSC holds 49% and 51%, respectively.

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Europe stocks rise fifth day, pound falls on data

LONDON, April 3 — European shares advanced for a fifth day and the pound retreated at the start of a busy week that includes a meeting between Xi Jinping and Donald Trump and culminates in the monthly US jobs report. The Stocks Europe 600…