Friday, April 14th, 2017

 

Dollar set for weekly losses as tensions with Pyongyang rise

TOKYO, April 14 ― The dollar nursed losses today, on track for a losing week as continuing tensions in North Korea underpinned the perceived safe-haven Japanese currency. The dollar index, which tracks the US unit against a basket of six rival…


Fiat Chrysler CEO says not in a position to hold merger talks

AMSTERDAM, April 14 ― Fiat Chrysler chief executive Sergio Marchionne rowed back on his search for a merger today, saying the group was not in a position to seek deals and would focus instead on developing its business plan. Answering…


US retail sales, consumer prices slump in March

WASHINGTON, April 14 ― US retail sales fell for a second straight month in March and consumer prices dropped for the first time in 13 months, supporting views that the economy lost significant momentum in the first quarter. But with the labor…


Strong US dollar a threat to Trump campaign pledges

WASHINGTON, April 14 ― President Donald Trump takes credit for revitalising the US economy even though he has not yet been in office for 100 days. But the new president’s boasts of breathing life into the world’s biggest markets may come with…


China March fiscal spending surges over 25pc on-year, revenue growth slows

BEIJING, April 14 ― China’s fiscal spending surged 25.4 per cent in March from a year earlier, accelerating from the first two months of the year as the central and local governments pump money into infrastructure projects to support economic…


Malaysia’s business confidence strengthened in Q1 of 2017, survey shows

KUALA LUMPUR, April 14 ― Business confidence in Malaysia strengthened in the first quarter of the year (1Q17), hitting the highest level since the second quarter of 2015. The 1Q17 Global Economic Conditions Survey (GECS) released today said…


BOJ to offer brighter view of economy, exports, sources say

TOKYO, April 14 ― The Bank of Japan is expected to offer a more upbeat view of the economy at this month’s rate review than it did last month, people familiar with the matter said, as robust exports and factory output support recovery in the…


Asian shares, won move south on worries over N. Korea

TOKYO, April 14 ― Japanese and South Korean shares fell while the won currency came under pressure today, as rising tensions in the Korean peninsula dented confidence in the world’s economy. The dollar was on the back foot against many other…


Hyundai, Kia to fall far short of China sales target on political row

SEOUL, April 14 ― Hyundai Motor Co and Kia Motors Corp expect it will be difficult to sell 1 million vehicles in China this year due to political tension ― a figure that is around half their initial target, the Aju Business Daily quoted an…


Japan March exports seen up for fourth month, imports to jump on oil prices

TOKYO, April 14 ― Japan’s exports were expected to rise for a fourth straight month in March thanks to solid global demand, while imports were seen likely to gain at their fastest in three years as oil prices rose, a Reuters poll found….