Friday, May 12th, 2017

 

Spotify to go public as direct listing on NYSE, source says

NEW YORK, May 12 — Music streaming service Spotify will be a direct listing on the New York Stock Exchange when it goes public later this year or early next year, a source familiar with the situation said today. Spotify is valued at US$13…


US stocks fall as April retail sales miss expectations

NEW YORK, May 12 — Wall Street stocks dipped in early trade today following disappointing US retail sales data for April and weak earnings from leading department store chains. US retail sales rose 0.4 per cent last month, less than then the…


Malaysia’s bond and sukuk market plays major role in supporting economic growth, says Johari

KUALA LUMPUR, May 12 — The Malaysian bond and sukuk market continues to play a major role in supporting economic growth through the financing of business expansion and infrastructure development. Second Finance Minister Datuk Seri Johari Abdul…


US inflation edges higher in April

WASHINGTON, May 12 — US inflation edged higher in April, reversing the previous month’s surprise drop, the Labour Department reported today. The Consumer Price Index, which tracks changes in the costs of goods and services purchased by…


US inflation, retail sales rise in April

WASHINGTON, May 12 — US inflation edged higher in April, reversing the previous month’s surprise drop, the Labour Department reported today. Meanwhile, retail sales rebounded strongly last month, with consumers buying cars and driving up…


Ringgit ends higher as oil prices rise

KUALA LUMPUR, May 12 — The ringgit closed higher against the US dollar today as the greenback retreated against other major currencies amid increasing crude oil prices, a dealer said. At 6 pm, the local note was quoted at 4.3440/3470  against…


At G7, world finance chiefs try to gauge Trump’s plans

BARI, May 12 — Finance chiefs from some of the world’s richest nations began a two-day meeting in Italy today, with Europe, Japan and Canada hoping to come away with a clearer picture of US President Donald Trump’s plans on important policies….


MDEC teams up with Alibaba, Hangzhou municipal govt on e-commerce infrastructure

KUALA LUMPUR, May 12 — Malaysia Digital Economy Corporation (MDEC) today signed a three-way Memorandum of Understanding (MoU) with China’s Hangzhou Municipal Government and Alibaba Co Ltd  to enable the building of infrastructure for seamless…


World stocks ease off record highs, Fed rate hopes boost dollar

World stocks ease off record highs, Fed rate hopes boost dollar

LONDON (May 12): Global stocks paused near record highs, as worries over China’s banking system provided an excuse for investors to lock in some profits….


Oil stable on expected Opec cut extension, drop in US inventories

LONDON, May 12 — Oil prices traded largely flat today, supported by expectations of an extended Opec-led production cut and falling US crude inventories but capped by concerns over global oversupply. International benchmark Brent crude futures…