May, 2017

 

India’s annual growth slows to 7.1pc after controversial note ban

NEW DELHI, May 31 — India’s growth slowed to 7.1 per cent last year, according to official data released today, weaker than analysts expected but still the fastest rate of growth of any major economy. GDP growth for the 12 months ended March…


Global stocks push higher on China factory data

LONDON, May 31 — Global equity markets mostly rose today after forecast-beating Chinese factory data raised hopes for the world’s number two economy. The London stock market hit a new record high as the pound dipped on a shock new opinion…


Canada economic growth speeds up in Q1 on investment, consumers

OTTAWA, May 31 — Canada’s economy accelerated strongly in the first quarter, driven by consumer spending and a rebound in business investment. Gross domestic product grew at an annualised 3.7 per cent pace, Statistics Canada said today,…


CIMB urges customers to use PIN for card transactions

KUALA LUMPUR, May 31 — CIMB Bank Bhd is calling on all its merchants and customers to switch to PIN (Personal Identification Number) as verification for all locally issued payment cards such as debit, credit, prepaid and charge cards…


Brussels maps out more unified eurozone

BRUSSELS, May 30 — Encouraged by the victory of French President Emmanuel Macron, the EU today unveiled a raft of controversial ideas for improving the often dysfunctional European single currency. The so-called reflection paper from the…



CPO price to trade between RM2,600-RM2,800 in the next six months, Sime Darby predicts

KUALA LUMPUR, May 31 — Sime Darby Bhd is expecting crude palm oil (CPO) prices to trade between RM2,600 and RM2,800 in the next six months, said President and Group Chief Executive Tan Sri Mohd Bakke Salleh. He said the spot price was still…


[HOT] RHB Bank and AMMB in merger talks?

KUALA LUMPUR: RHB Bank Bhd and AMMB Holdings Bhd have requested for a suspension in the trading of their securities on Thursday. BAnking analysts said on Wednesday the request could be linked to possible merger talks between the two banking groups. RHB Bank closed up one sen to RM5.39 while AMMB closed up 11 sen to RM5.21. Earlier on Wednesday, AMMB announced a strong set of earnings in the fourth quarter. It reported a 20% increase in earnings at RM335.81mil from RM280.02mil a year ago boosted by higher net interest income (NII).Read More


ECB calls for ‘clarity’ for Greece at June meeting

FRANKFURT AM MAIN, May 31 — Greece’s creditors should create “clarity” by reaching a deal on debt relief for Athens at a meeting next month, European Central Bank board member Benoit Coeure urged today. “It is very important that an…


Ringgit appreciated 1.8pc against US dollar in April, says BNM

KUALA LUMPUR, May 31 — The ringgit appreciated 1.8 per cent against the US dollar in April following inflows into both the bond and equity markets, said Bank Negara Malaysia (BNM). The central bank said the local unit was supported by measures…