Wednesday, May 10th, 2017

 

US stocks dip, Disney falls on ESPN worries

NEW YORK, May 10 ― Wall Street stocks dipped early today, with Disney shares sliding on worries about its ESPN network, and as the market weighed President Donald Trump’s shock firing of FBI director James Comey. About 45 minutes into…


Barclays boss Staley faces shareholder fury over whistleblower

LONDON, May 10 ― Barclays Chief Executive Jes Staley apologised to shareholders today for his attempts to unmask a whistleblower, but faced calls from individual shareholders to resign over his conduct. “Will you act now with integrity and…


Europe shares dip; US dollar down on Comey sacking

Europe shares dip; US dollar down on Comey sacking

LONDON (May 10): European shares pulled back on Wednesday from 21-month highs hit after strong earnings while the US dollar fell on concerns that US…


Bank Negara seen standing pat, focus on inflation pressures

KUALA LUMPUR, May 10 ― Malaysia’s central bank is seen keeping its benchmark rate steady on Friday, taking comfort from a stabilising economy and ringgit currency even as headline inflation hit an eight-year high in March. Improving demand…


Saudi signals first cut in crude supplies to Asian customers, sources say

TOKYO, May 10 ― Saudi Arabia, the world’s biggest oil exporter, has notified at least two Asian refiners of its first cuts in crude allocations for regional buyers since an Opec output reduction took effect in January, two refining sources…


Standard Life, Aberdeen to cut 10pc jobs in merger

LONDON, May 10 ― Standard Life and Aberdeen Asset Management expect to cut 800 jobs, nearly 10 per cent of the firms’ combined workforce, as part of a merger to create Britain’s biggest listed investment manager. The companies said they…


AXA to list part of US operations in New York

PARIS, May 10 ― French insurer AXA said today it plans to list part of its US operations in New York next year, reinvesting or potentially returning the funds to shareholders. AXA called the listing of a minority stake in its US operations,…


Australian banks lick wounds after tax hit, investors brace for impact (VIDEO)

SYDNEY, May 10 — Australia’s big banks will likely swallow a surprise new A$6.2 billion (RM19.82 billion) federal tax, industry and political sources said today, given a lack of public support for an oligopoly that has reaped years of record…


Australian banks lick wounds after tax hit, investors brace for impact

SYDNEY, May 10 — Australia’s big banks will likely swallow a surprise new A$6.2 billion (RM19.82 billion) federal tax, industry and political sources said today, given a lack of public support for an oligopoly that has reaped years of record…


ITV sees ad revenue down by as much as 20pc in June

LONDON, May 10 — Commercial broadcaster ITV said its net advertising revenue could fall by as much as 20 per cent in June as its outgoing chief executive Adam Crozier signed off with a tough outlook for the industry. Crozier, who has…