Tuesday, April 4th, 2017

 

US stocks mixed, dollar strengthens with gold

LONDON, April 4 — US stocks fluctuated as optimism eased that the world’s largest economy is poised to accelerate. The dollar strengthened with the yen and gold amid haven demand. The S&P 500 Index slipped after data showed a decline in…


Trump cracks down on H-1B visa programme that feeds Silicon Valley

Trump cracks down on H-1B visa programme that feeds Silicon Valley

(April 4): The US administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa programme that channels thousands of skilled overseas workers to companies across the technology industry.

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Banks, tech stocks lead Wall St lower; Trump-Xi meet eyed

Banks, tech stocks lead Wall St lower; Trump-Xi meet eyed

NEW YORK (April 4): US stocks were slightly lower on Tuesday, weighed down by financial and technology shares, and as investors braced for a potentially tense meeting between President Donald Trump his and Chinese counterpart Xi Jinping.

Trump, known to have a protectionist stance on trade, has held out the possibility of using trade as a lever to secure China’s cooperation against North Korea when he meets Jinping on Thursday and Friday.

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US business seeks action, not trade war, in Xi-Trump summit

 US business seeks action, not trade war, in Xi-Trump summit

BEIJING/WASHINGTON (April 4): Although worried about the prospect of a trade war, American businesses operating in China nonetheless want President Donald Trump to wring some concessions on market access from China’s leader Xi Jingping when the two meet this week.

Trump warned in a tweet last week the meetings at his Mar-a-Lago resort on Thursday and Friday will be “very difficult” and “American companies must be prepared to look at other alternatives.”

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Mudajaya, Voir, Suria Capital, MRCB, Ajiya, Icon, Sasbadi and NetX

Mudajaya, Voir, Suria Capital, MRCB, Ajiya, Icon, Sasbadi and NetX

KUALA LUMPUR (April 4): Based on corporate announcements and news flow today, companies that might be in focus on Wednesday (April 5) include the following: Mudajaya Group Bhd, Voir Holding Bhd, Suria Capital Holdings Bhd, Malaysian Resources Corp Bhd, Ajiya Bhd, Icon Offshore Bhd, Sasbadi Holdings Bhd and NetX Holdings Bhd.
 
Mudajaya Group Bhd said its 26%-owned associate company in India has begun selling 200 megawatt (MW) of electricity to several power distribution companies in Uttar Pradesh beginning yesterday.

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US trade deficit falls as exports hit two-year high

WASHINGTON, April 4 — The US trade deficit fell more than expected in February as exports increased to a two-year high and slowing domestic demand weighed on imports. The Commerce Department said today the trade gap declined 9.6 per cent to…


Oil gains on hopes of Opec extension, forecast of supply drop

JOHANNESBURG, April 4 — Oil rose as US crude inventories were forecast to drop and as traders focused on the likelihood of Opec extending its supply deal. Futures in New York erased earlier losses to advance 0.4 per cent. Opec output fell by…


Britain’s May in Saudi Arabia seeking deals

RIYADH, April 4 — British Prime Minister Theresa May arrived in Saudi Arabia today hoping to tap the oil-rich kingdom’s “immense potential” as she looks to secure post-Brexit investment and trade. May landed at a military airport in the…


Bill to legalise Uber, Grab tabled in Parliament

Bill to legalise Uber, Grab tabled in Parliament

KUALA LUMPUR (April 4): Uber and Grab drivers will have to apply for business licences under proposed amendments to the Commercial Vehicles Licensing Board Act 1987 aimed at legalising the e-hailing services.

The amendment Bill was tabled in the Dewan Rakyat today by Minister in the Prime Minister’s Department Datuk Seri Nancy Shukri.

The Bill classifies an e-hailing vehicle as a public service vehicle that is subject to an intermediation business licence.

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NetX inks MoU to license four e-payment products to Payallz

NetX inks MoU to license four e-payment products to Payallz

KUALA LUMPUR (April 4): Loss-making technology solutions provider NetX Holdings Bhd announced that its wholly-owned subsidiary Ariantec Sdn Bhd has signed a licensing agreement with Payallz International Ltd to license four electronic payment products that will be based on a 50:50 revenue-sharing model.

The four products to be licensed are AllZ mPOS, AllZ+, AllZ 360° and AllZ Wallet, all of which are housed under Ariantec.

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