Monday, May 8th, 2017

 

‘Macronomics’ faces clash with French ballot box

PARIS, May 8 — France’s incoming president Emmanuel Macron has an ambitious economic agenda and a favourable economic environment and business leaders’ backing in his favour — but can he bring change? Even if the world’s sixth-biggest…


S&P, Nasdaq reverse course after touching record highs

NEW YORK, May 7 — The S&P 500 and the Nasdaq Composite lost ground after touching record highs today as investors looked for fresh catalysts following centrist Emmanuel Macron’s widely expected victory in the French presidential election….


Oil rises after hint of longer extension to Opec cut

LONDON, May 8 — Oil rose today, reversing earlier losses, after sources said Opec and its partners were considering extending their existing supply deal possibly into next year, which helped offset the bearish impact of more increases in US…


Goldman names Lemkau, Nachmann to co-head investment banking

NEW YORK, May 8 — Goldman Sachs Group Inc named M&A co-head Gregg Lemkau and financing group chief Marc Nachmann as co-heads of the firm’s global investment banking division, according to an internal memo today. Lemkau and Nachmann join John…


US stocks slip, dollar gains after French vote

NEW YORK, May 8 — US stocks slipped from all-time highs, while Europe’s common currency weakened following a convincing defeat of populism in France’s presidential election that investors had already priced in. Crude climbed as Saudi Arabia…


Petronas targets new markets for LNG

KUALA LUMPUR, May 8 — Malaysian oil company Petronas is looking to tap new markets to sell liquefied natural gas, including as fuel for ships, the head of its upstream operations told Reuters today. State-owned Petroliam Nasional Berhad, known…


Stocks, euro fall as Macron win shifts focus to economy

Stocks, euro fall as Macron win shifts focus to economy

LONDON/TOKYO (May 8): European stocks and the euro pulled back on Monday from highs touched after pro-European centrist Emmanuel Macron’s emphatic but well-flagged victory in…


Sinclair buys Tribune in US$3.9b deal, creating TV goliath

NEW YORK, May 8 — Sinclair Broadcast Group Inc is buying Tribune Media Co for about US$3.9 billion (RM16.9 billion), a deal made possible after the Federal Communications Commission voted last month to ease a limit on TV-station ownership in the…


Germany rejects idea of joint euro bonds after Macron victory

BERLIN, May 8 — Germany today reiterated its opposition to the introduction of joint euro zone bonds a day after the election of French President-elect Emmanuel Macron, who favours more European integration. Macron’s victory is a relief for…


Wall Street to open flat after Macron wins French election

NEW YORK, May 8 — US stocks were on track to open little changed today as investors looked for fresh catalysts following centrist Emmanuel Macron’s widely expected victory in the French presidential election. Currency markets were in sharp…