Thursday, April 13th, 2017

 

Wall Street flat as investors parse bank earnings

NEW YORK, April 13 — US stocks were little changed today as investors weighed earnings from the top Wall Street banks and President Donald Trump’s comments on the strength of the dollar. Shares of JPMorgan and Citigroup rose about 1 per cent…


Fox fights EU attempts to limit UK trade powers before Brexit

LONDON, April 13 — The UK is battling to stop the European Union blocking Prime Minister Theresa May’s drive to forge new trade partnerships as the country prepares for Brexit. International Trade Secretary Liam Fox is challenging the…


United tied US$500,000 CEO bonus to customer satisfaction

NEW YORK, April 13 — Angry United Airlines customers can now vent their fury at a juicy target: the chief executive’s pocketbook. United ties about US$500,000 (RM2.2 million) of CEO Oscar Munoz’s annual bonus to customer satisfaction…


Oil stocks rose in Q1 despite Opec cut, says IEA

LONDON, April 13 — Global oil inventories probably increased in the first quarter despite Opec’s near-perfect implementation of production cuts aimed at clearing the surplus, the International Energy Agency said. While cutbacks by Opec and…


UK Royal Mint’s gold sales jump 20pc amid political turmoil

LONDON, April 13 — The UK Royal Mint’s gold sales jumped by a fifth in the first three months of the year, according to figures obtained under freedom of information legislation. Following month-on-month declines in the first two months,…


Trump’s currency rulebook gives his own jawboning a pass

WASHINGTON, April 13 — In President Donald Trump’s world view, currency manipulation is bad, except when he’s the one calling the shots. Usurping the Treasury Department’s imminent report on global foreign exchange policy, Trump told the…


Ringgit up against US dollar over buying support

KUALA LUMPUR, April 13 — The ringgit extended its yesterday’s gains to close higher today against the US dollar on continued buying support, a dealer said. At 6pm, the local unit stood at 4.4100/4150 against the greenback compared to…


China’s US$1.4t debt wall seen forcing issuance rise

SHANGHAI, April 13 — China’s bond issuers, faced with 9.7 trillion yuan (US$1.4 trillion/RM6.1 trillion) of maturing debt this year, are stepping on the gas. Companies and governments sold 1.3 trillion yuan of onshore notes in March, about…


Trump’s reversal on China currency his latest abandoned promise

WASHINGTON, April 13 — President Donald Trump’s declaration that he won’t label China a currency manipulator stands as the clearest example of the difficulty he’s having delivering on big campaign promises. Trump backed away from a…


UK lenders make it harder to borrow money after BoE warnings

LONDON, April 13 — Britain’s major banks are making it tougher for consumers to get unsecured credit, which may slow the pace of lending that the Bank of England has identified as a risk to financial stability. In its Credit Conditions…