Saturday, May 27th, 2017

 

China’s Xi says need to move to greener economic growth, state media says

BEIJING, May 27 — China needs to shift away from over-reliance on heavy industries, large-scale and careless expansion, and the depletion of the country’s natural resources, President Xi Jinping said today, according to state media….


British Airways suffers flight delays after global IT outage

LONDON, May 27 — British Airways flights in Britain were being delayed and passengers were suffering long waits at airports today because of a global system outage, the airline said. “We apologise to customers who are facing some delays…


China’s industrial profits rise 14pc as global trade improves

SHANGHAI, May 27 — Chinese industrial profits rose 14 per cent in April from a year earlier as global trade increased. Industrial profits climbed to 572.8 billion yuan (RM356.7 billion) last month, the National Bureau of Statistics said…


Malaysia tourism forecast for Q2 suggests growth revival in US arrivals

NEW YORK, May 27 — Tourism Malaysia has projected that tourist arrivals from the United States to Malaysia will see a growth revival in the second quarter of this year. Its New York Office vice president Ahmad Johanif Mohd Ali said based on…


G7 makes ‘substantial progress’ on trade talks, French source says

TAORMINA, May 27 — The Group of Seven nations have made progress in negotiations on trade, notably on the issue of multilateralism, a French presidential source said today, suggesting there has been some softening in the United States’…


As premier heads to Europe, China says resolute about opening its market

BEIJING, May 27 — China is determined to open its market and is positive about promoting talks on a China-EU investment agreement, a senior Chinese official said today ahead of Premier Li Keqiang’s visit to Brussels for a summit with the…


Airbus Helicopters starts construction of assembly line in China

PARIS, May 27 — Airbus Helicopters, the world’s largest supplier of commercial helicopters, has started building an assembly line in China in what Europe’s largest aerospace group said was a key step in its plans to tap into the Chinese…


CIMB research maintains ‘add’ call on Mah Sing

KUALA LUMPUR, May 27 — CIMB Research has maintained its “add” call on Mah Sing Group Bhd with a target price of RM1.85 per share after its acquisition of a 78 per cent stake in Cosmowealth Housing Development Sdn Bhd for RM55 million. In a…


Sell in May & Go Away? Not quite for this year

NEW YORK, May 27 — “Sell in May and go away” is perhaps the oldest saw on Wall Street, but it appears there’s no shortage of US mutual funds doing exactly that this year. After all, the S&P 500 has delivered a total return, including…


Oil-linked currencies recover, polls shake pound

LONDON, May 27 — Sterling fell to a two-week low yesterday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while commodity-linked currencies inched higher after a…