Tuesday, April 25th, 2017

 

Equities rise on Trump tax hopes, French vote relief

Equities rise on Trump tax hopes, French vote relief

NEW YORK (April 25): Equity markets continued their advance on Tuesday and a gauge of world stocks notched a record for a second straight session,…


US dollar surges against loonie on tariff announcement, yen sinks

NEW YORK, April 25 — The US dollar surged to its highest level against its Canadian counterpart in more than a year today after the United States imposed duties on Canadian softwood, while the dollar hit a two-week high against the yen on…


French relief sets up ECB for change of tack in June, sources say (VIDEO)

FRANKFURT, April 25 — European Central Bank policymakers are breathing a sigh of relief after the first round of France’s presidential vote put a pro-euro centrist in pole position, but they are not likely to change their policy stance until…


Trump slaps up to 24pc tariff on Canadian lumber, intensifying trade row

WASHINGTON, April 25 — US President Donald Trump intensified a trade dispute with Canada, slapping tariffs of up to 24 per cent on imported softwood lumber in a move that drew swift criticism from the Canadian government, which vowed to sue if…


Coca-Cola renews push to slim operations under incoming CEO

NEW YORK, April 25 — Coca-Cola Co will step up its bid to transform the company into a far leaner operation under incoming Chief Executive Officer James Quincey. The soda giant vowed to cut costs by an additional US$800 million (RM3.4 billion)…


Nestle plans to cut 300 jobs in UK, move Blue Riband production to Poland

ZURICH, April 25 — Nestle SA plans to eliminate about 300 positions at its UK confectionery factories and move the chocolate-wafer biscuit brand Blue Riband’s production to Poland as the world’s largest food company implements efficiency…


Russia’s oil cuts won’t be so easy if Opec deal is extended

LONDON, April 25 — For Russian oil companies, the historic agreement to boost prices by cutting output in conjunction with the Organisation of Petroleum Exporting Countries was an easy win. Extending the deal will be less straightforward. Cuts…


Nasdaq hits 6,000 for first time

NEW YORK, April 25 — US stocks rose at the open today, with the Nasdaq hitting the 6,000 point mark for the first time, amid a raft of strong corporate earnings and President Donald Trump’s promise of a major tax reform plan. Biogen provided…


Nasdaq breaches 6,000 mark for first time on earnings, Trump tax reform

NEW YORK, April 25 — The Nasdaq breached the 6,000 mark for the first time ever today, spurred by a raft of strong corporate earnings and President Donald Trump’s promise of a major tax reform plan. The tech-heavy Nasdaq rose as much as…


Lockheed Martin’s sales miss estimates, shares drop

NEW YORK, April 25 — Lockheed Martin Corp, whose F-35 fighter jet programme has been under presidential spotlight for being too expensive, posted lower-than-expected quarterly sales and said operating margins at three of its business divisions…