Tuesday, July 4th, 2017

 

VW follows Peugeot, Boeing into Iran amid global expansion

FRANKFURT, July 4 — Volkswagen AG plans to sell cars in Iran for the first time in 17 years, taking advantage of easing sanctions to expand amid concerns about stalling growth in Europe and China. Volkswagen has signed a contract with local…


Bank of England demands tougher line on consumer lending

LONDON, July 4 — The Bank of England took a tougher approach towards banks over their booming lending to consumers today, ordering them to apply credit rules prudently and prove by September they are not being too complacent about risks to their…


Pressure piles on China’s LeEco as some assets frozen

BEIJING, July 4 — Struggling Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering a freeze on some of its assets over late payments to a bank. The latest financial…


EU clears US$6b Monte dei Paschi state bailout

BRUSSELS, July 4 — The European Commission gave its blessing to a state bailout of Italy’s Banca Monte dei Paschi di Siena today, paving the way for a deep restructure of the troubled lender. In a statement, EU state aid regulators said Rome…


Yen gains as RBA declines to join hawks, Sweden’s Riksbank demurs

LONDON, July 4 — An unchanged stance on interest rates from Australia’s central bank dominated major currency markets today, pushing the Australian dollar almost 1 per cent lower and spurring a bounce for the yen from seven-week lows. Along…


PNB to continue showing good performance

KUALA LUMPUR, July 4 — Permodalan Nasional Bhd (PNB) is confident its investment in the capital market will continue to achieve good performance this year even though the number of new listings is stagnant. According to Bursa Malaysia Bhd 2016…


German car industry hopes deal on older diesels will avert bans

BERLIN, July 4 — German carmakers hope a plan under discussion with the government to reduce pollution from older diesel-powered vehicles will avert planned bans in German cities that are deterring consumers from buying diesel cars. “I…


[Night’s Pick] What stock investors need to know, and why

Latest Stock News From MyStock118 WITH attractive returns such as haven’t been seen for quite a few years, investors in global stock markets have had a very good first half of 2017. Record levels for several widely-followed country indexes occurred in the context of notably muted volatility, adding to the sense of investor comfort and accomplishment. All of this was accompanied by tensions and transitions – some completed and others frustrated, at least for now – that will likely influence how investors feel at the end of the year. LatestRead More


Gazprom to start new gas deliveries to China by end-2019

MOSCOW, July 4 — Russia will start supplying gas to China through a new pipeline by the end of 2019, state gas giant Gazprom said today, as part of a mammoth US$400-billion (RM1.72 trillion) deal. “Today a deal was signed…about the date of…


Malaysia-owned Battersea Power Station wins Evening Standard Award

KUALA LUMPUR, July 4 — Battersea Power Station has been awarded Property Company of the Year at the Evening Standard’s Business Awards 2017. In a statement today, Sime Darby Property Bhd said Battersea Power, which beat off strong…