Friday, April 7th, 2017

 

Russian PM says US Syria strikes ‘one step away’ from clashing with Russia

Russian PM says US Syria strikes 'one step away' from clashing with Russia

MOSCOW (April 7): US cruise missile strikes on a Syrian air base were one step away from clashing with the Russian military, Russian Prime Minister Dmitry Medvedev charged on Friday, underscoring the risks in US President Donald Trump’s first major foray into the Syrian civil war.

US officials informed Russian forces ahead of the strikes, which were intended to punish the Syrian government for what they said was a chemical weapons attack, and avoided hitting Russian personnel.

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Bank of England’s Carney calls for UK-EU deal on bank rules after Brexit

Bank of England's Carney calls for UK-EU deal on bank rules after Brexit

LONDON (April 7): Bank of England Governor Mark Carney called on Friday for Britain and the European Union to reach a sweeping deal to recognise each others’ bank rules after Brexit, or risk a potentially damaging hit to financial services across Europe.

Speaking at Thomson Reuters’ London office, Carney said the outcome of Brexit for financial services would be a “litmus test” for global banking rules and warned against the temptation to try to put up barriers to capital flows.

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Luster fixes first tranche of placement shares at 10.5 sen apiece

 Luster fixes first tranche of placement shares at 10.5 sen apiece

KUALA LUMPUR (April 7): Gaming and property developer Luster Industries Bhd has fixed the price for the first tranche of its private placement shares at 10.5 sen apiece.

“The issue price represents a discount of approximately 1.03 sen or 8.93% to the five-day volume weighted average market price up to April 6, 2017 of 11.53 sen,” Luster said in a filing with Bursa Malaysia this evening.

At 10.5 sen, and with 76 million to be placed to selected investors in the first stage, Luster is expected to raise some RM7.98 million.

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Yum’s KFC to curb antibiotic use in the chickens it buys

Yum's KFC to curb antibiotic use in the chickens it buys

LOS ANGELES (April 7): Yum Brands Inc’s US KFC chain plans to curb the use of antibiotics in its chicken supply, making it the last of the big three chicken restaurants to join the fight against the rise of dangerous antibiotic-resistant bacteria known as superbugs.

KFC, the second-biggest US chicken chain by sales after privately held Chick-fil-A, is giving its US poultry suppliers until the end of 2018 to stop using antibiotics important to human medicine.

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US stocks flat as March jobs growth disappoints

NEW YORK, April 7 ― Wall Street stocks were flat early today after US job growth in March disappointed and President Donald Trump ordered air strikes on Syria. The United States added just 98,000 new jobs last month, much below the 180,000…


Deutsche Bank’s US$8.5 bil cash call marks end of era for cuts

Deutsche Bank's US$8.5 bil cash call marks end of era for cuts

FRANKFURT (April 7): Deutsche Bank’s chief executive said an era of cutbacks was over on Friday after completing an €8 billion capital increase to pay legal penalties, keep regulators happy and make fresh investments.

“It is clear that we will not succeed by shrinking further,” John Cryan said in a letter to staff after Deutsche Bank’s latest capital hike, which took its total capital raised over seven years to €30 billion, just below its market value.

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EU clears Fox, Sky buy-out

LONDON, April 7 ― The European Commission today cleared the multi-billion dollar buy-out of European pay-TV giant Sky by 21st Century Fox without conditions as the tie-up does not harm competition. “Based on the results of its market…


SKH Consortium, Key Alliance, CAB Cakaran, Superlon, Kwantas Corp, Ekovest and Yong Tai

SKH Consortium, Key Alliance, CAB Cakaran, Superlon, Kwantas Corp, Ekovest and Yong Tai

KUALA LUMPUR (April 7): Based on corporate announcements and news flow today, companies that may be in focus on Monday (April 10) could include the following: SKH Consortium Bhd, Key Alliance Group Bhd, CAB Cakaran Corp Bhd, Superlon Holdings Bhd, Kwantas Corp Bhd, Ekovest Bhd and Yong Tai Bhd.

Technology services provider SKH Consortium Bhd said it is unaware of any rumour or report concerning its business and affairs that may account for the sharp rise in price and volume of its shares.

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US strikes not seen as gamechanger in complex Syrian conflict

US strikes not seen as gamechanger in complex Syrian conflict

RIYADH/CAIRO (April 7): US strikes on Syria in retaliation for a chemical weapons attack marked a sharp escalation in the country’s civil war but were not viewed in the Arab world as a gamechanger in a six-year conflict that has divided the region.

Two US warships fired cruise missiles at a Syrian air base controlled by President Bashar al-Assad’s forces early on Friday in response to the poison gas attack which killed at least 70 people in a rebel-held area.

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Wall St drops on weak jobs data, missile strikes on Syria

Wall St drops on weak jobs data, missile strikes on Syria

NEW YORK (April 7): US stocks dipped in volatile trading on Friday morning as a disappointing US jobs report added to investors’ nervousness following a US missile strike on Syria.

US employers added about 98,000 jobs in March, the lowest in 10 months and well below economists’ expectation of 180,000. The report from the Labor Department was an outlier among a spate of recent positive economic data.

Financial stocks were hit the most. The S&P 500 financial index was down 0.4 percent, led by banks.

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