Saturday, July 8th, 2017

 

Canada trade pact to be applied ‘provisionally’ from September

BRUSSELS, July 8 — The CETA free-trade agreement between the European Union and Canada will be applied provisionally from September 21, the two sides announced in a joint statement today. European Commission chief Jean-Claude Juncker and…


At G20 summit, Trump promises US$639Mn in food, humanitarian aid

HAMBURG, July 8 — US President Donald Trump on today promised US$639 million (RM2.7 billion) in funding for humanitarian programmes, including US$331 million to help feed starving people in four famine-hit countries — Somalia, South Sudan,…


China-based firms again in the spotlight

KUALA LUMPUR (July 8): Some Malaysian-listed Chinese companies — or M-chips as some have termed them — are in danger of being kicked out of…


Malaysian authorities on high alert after Wednesday’s cyberattacks on brokers

KUALA LUMPUR (July 7): While multiple authorities say there has been no trading disruptions on the Malaysian stock exchange following a wave of cyberattacks on…


Trump eyes swift UK trade deal

HAMBURG, July 8 — US President Donald Trump said today his controversial state visit to Britain will go ahead, adding that he was hoping for a “very powerful” trade deal with London “very, very quickly”. At a meeting with British Prime…


China has no intention of devaluing its currency

BEIJING, July 8 — China has no intention of devaluing its currency, the yuan, to boost its competitiveness, said the head of the country’s foreign exchange regulator. There is also no necessity for China to devalue its currency, Pan…


Genting Malaysia says it’s working to recover RM1.49b from halted US casino project

KUALA LUMPUR (July 7): Genting Malaysia Bhd (GenM) announced today that it is working to recover its investment of US$347.4 million (RM1.49 billion) in an…


Theresa May is said to hit reset with vision for Brexit Britain

LONDON, July 8 — UK Prime Minister Theresa May is planning to relaunch her political mission to deliver Brexit and help ordinary working people, as she tries to put last month’s disastrous election result behind her, according to a senior…


Companies in Focus Next Week

KUALA LUMPUR (July 7): Based on corporate announcements and news flow today, companies that will be in focus on Monday (July 10) may include: Genting…


Cash-strapped Venezuela offers India’s ONGC oil stake, sources reveal

CARACAS, July 8 — Cash-hungry Venezuela has offered Indian oil company ONGC Videsh an increased stake in an oil field, according to two sources close to the proposal, as the country seeks to shore up its bruised energy industry and strengthen…