Monday, April 10th, 2017

 

Toyota makes US$1.33b investment in Kentucky plant

TOKYO, April 10 — Japanese automaker Toyota Motor Corp said it is spending US$1.33 billion (RM5.9 billion) in its Kentucky plant as part of a plan to invest US$10 billion in the United States over the next five years. The investment in the…


Hopes fade for US bank earnings despite rally in financial shares

NEW YORK, April 10 — Big US lenders are expected to report another round of uninspiring quarterly results this week, which analysts said could dampen a “Trump rally” in bank stocks fuelled by expectations the new president would lighten…


Tesla just passed GM to become top US carmaker

Tesla just passed GM to become top US carmaker

(April 10): Elon Musk’s Tesla Inc surpassed General Motors Co to become America’s most valuable carmaker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s.

Tesla climbed as much as 3.7 percent in early Monday trading, boosting its market capitalization to US$51 billion. The company was valued at about US$1.7 billion more than GM as of 9.35am in New York and the two have jostled for the lead spot in subsequent trading.


How VR could be used to change the way we book travel

SINGAPORE, April 10 — Virtual reality technology could become a popular travel tool during the booking process, allowing consumers to explore their hotel room, cruise cabin or destination before they plonk down their hard-earned money. As VR…


Foxconn could bid up to US$27 bil for Toshiba’s chip business

Foxconn could bid up to US$27 bil for Toshiba's chip business

(April 10): Taiwan’s Foxconn has indicated that it may pay as much as ¥3 trillion (US$26.99 billion) for Toshiba Corp’s chip business, Bloomberg reported on Monday, citing people familiar with the matter.

South Korea’s SK Hynix Inc and chipmaker Broadcom Ltd have submitted preliminary bids for the business, valued at ¥2 trillion or more, according to the report.


Wall Street gains as oil rises, earnings season nears

NEW YORK, April 10 — US stocks were slightly higher today as oil prices rose and as investors prepared for big banks to kick off the first-quarter earnings season later in the week. JPMorgan, Citigroup and Wells Fargo are scheduled to report…


Kremlin, angry at Syria missile strike, says Putin won’t meet Tillerson

Kremlin, angry at Syria missile strike, says Putin won't meet Tillerson

MOSCOW (April 10): The Kremlin said on Monday that US Secretary of State Rex Tillerson will not meet President Vladimir Putin when he visits Moscow on Wednesday, a move that could point to tensions over a US missile attack on a Syrian air base last week.

John Kerry, Tillerson’s predecessor, often met Putin as well as the Russian foreign minister when he visited Moscow, and Putin granted several audiences to the Texan when he ran oil major Exxon Mobil before taking his current job.

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Wall St higher as oil rises, earnings season nears

Wall St higher as oil rises, earnings season nears

NEW YORK (April 10): US stocks were slightly higher on Monday as oil prices rose and as investors prepared for big banks to kick off the first-quarter earnings season later in the week.

JPMorgan, Citigroup and Wells Fargo are scheduled to report quarterly earnings on Thursday and could throw light on the US banking industry’s performance amid a rally in financial shares since the election of President Donald Trump.

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LPI, MAHB, EWI, YTL Corp, CIMB, Elsorft, YGL, Perak Corp, Rohas and Mudajaya

LPI, MAHB, EWI, YTL Corp, CIMB, Elsorft, YGL, Perak Corp, Rohas and Mudajaya

KUALA LUMPUR (April 10): Based on corporate announcements and news flow today, companies that might be in focus on Tuesday (April 11) include the following: LPI Capital Bhd, Malaysia Airports Holdings Bhd, Eco World International Bhd, YTL Corp Bhd, CIMB Group Holdings Bhd, Elsorft Research Bhd, YGL Convergence Bhd, Perak Corp Bhd, Rohas Tecnic Bhd and Mudajaya Group Bhd.

LPI Capital Bhd has started the year on a positive note, reporting a 7.9% rise in first-quarter net profit largely contributed by profit from the general insurance segment.

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New York financial watchdog investigating Barclays over CEO’s actions —source

New York financial watchdog investigating Barclays over CEO's actions —source

(April 10): New York’s Department of Financial Services (DFS) is investigating Barclays over its chief executive’s attempt to unmask a whistleblower, a person familiar with the matter said on Monday.

The DFS probe is in the preliminary stages, the person said.

Barclays Chief Executive Jes Staley apologised to the bank’s staff on Monday, after the lender said it would dock his pay and reprimand him for failing to follow the lender’s policy granting whisteblowers anonymity.

A spokeswoman for Barclays declined to comment.

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