Thursday, July 6th, 2017

 

GE loses stock gain from CEO’s exit as JPMorgan sees no easy fix

NEW YORK, July 6 — So much for the stock bump from the new CEO. General Electric Co slumped today after JPMorgan Chase & Co said the industrial giant may consider more restructuring, trim buyback plans and cut the 2018 outlook as it battles…


US stocks fall as North Korea anxiety weighs

NEW YORK, July 6 — Wall Street stocks fell early today as worries about shifting central bank policy and uncertain diplomacy on North Korea weighed on sentiment. Analysts expressed anxiety as central bankers openly discuss reeling back…


Qatar Airways set to start buying shares in American Airlines

DUBLIN, July 6 — Qatar Airways is to press on with plans to build a stake of up to 4.75 per cent in American Airlines in the near future, despite the “categorical” opposition of the US company’s management, Qatar Chief Executive Akbar…


Wall Street set for fall as Europe, emerging markets FX tumble

LONDON, July 6 — Oil recovered from a heavy fall today but European stocks and the biggest emerging market currencies tumbled for a second day, as investors retreated in the face of rising global borrowing costs. German Bund yields hit their…


Malaysia insurance market expected to grow 5.8pc annually, says Allianz

KUALA LUMPUR, July 6 — The Malaysian insurance market is expected to grow by 5.8 per cent annually over the next decade, in tandem with global growth which is anticipated to climb to almost six per cent over the next ten years. This recovery…


KLCI rises on IOI Corp’s 11th hour gains

KUALA LUMPUR (July 6): The FBM KLCI gained 2.37 points or 0.1%, mainly on index-linked IOI Corp Bhd’s 11th-hour share price spike.   At 5pm, the KLCI…


[Update]Malaysia ex-central bank chief recalls 1997 crisis lessons: Q&A

KUALA LUMPUR (Julu 6): Twenty years ago, Malaysia was caught up in the turmoil of a currency crisis that began in Thailand and swept across…


No such thing as ‘frictionless’ trade, Barnier warns UK

BRUSSELS, July 6 — The European Union’s chief Brexit negotiator Michel Barnier warned British ministers and businesses who are calling for “frictionless trade” with the EU after Britain leaves that that is “not possible”. Addressing…


[Update] sizing civil service workforce still necessary

KUALA LUMPUR: Right-sizing the civil force is a tough move, but it is an essential step for the government to take in order to narrow…


Singapore luxury home prices set to recover, Guocoland says

SINGAPORE (July 6): Singapore’s luxury home prices, which have been the worst hit by the government’s property curbs in recent years, are finally showing signs…