Thursday, July 13th, 2017

 

Dollar steady after knock from Yellen comments, data helps

NEW YORK, July 13 ― The dollar steadied against a basket of major currencies today, helped by upbeat US economic data, a day after Federal Reserve Chair Janet Yellen signalled the Fed’s rate hikes could be gradual. The dollar index, which…


Wall Street flat in late morning trading as focus shifts to quarterly earnings

NEW YORK, July 13 ― US stocks were little changed in late morning trading today as a fall in healthcare and consumer discretionary stocks capped gains, while investors turned their attention to second-quarter earnings. Amazon.com shares fell…


US labour market strengthening; producer prices creeping up

WASHINGTON, July 13 ― The number of Americans filing for unemployment benefits fell last week for the first time in a month and producer prices unexpectedly rose in June, likely keeping the Federal Reserve on course for a third interest rate…


Proton’s Tanjung Malim factory to pioneer Industry 4.0

IPOH, July 13 ― Malaysia’s national carmaker Proton Holdings Sdn Bhd is set to be the principal and pioneer automotive factory in the country to implement the new manufacturing technology under the Fourth Industrial Revolution (Industry 4.0)….


Wall Street set to open higher after Yellen’s dovish stance

NEW YORK, July 13 ― US stocks looked set to open higher today, a day after Federal Reserve Chair Janet Yellen’s dovish stand on interest rates allayed investor fears of a tighter monetary policy. Yellen’s comments were part of her two-day…


Delta’s passenger unit revenue rises, but profit tumbles

NEW YORK, July 13 ― Delta Air Lines Inc today reported an increase in quarterly passenger unit revenue, a closely watched metric, but higher costs weighed on its bottom line. Breaking a losing streak that has plagued much of the industry for…



AstraZeneca shares slump on report CEO is heading to Teva

LONDON, July 13 ― Shares in AstraZeneca fell more than 5 per cent today after the company declined to deny a media report that Chief Executive Pascal Soriot was about to defect to Israel-based Teva Pharmaceutical Industries. Soriot, who has…


First tech, now financing: US shale firms get creative to pump more oil

HOUSTON, July 13 ― US shale producers survived an oil price crash and confounded OPEC’s efforts to drain a global glut by employing innovative drilling and production techniques. Now, some of these producers are turning to creative investments…


IEA: OPEC compliance with oil cuts at lowest in six months

LONDON, July 13 ― OPEC’s compliance with production cuts fell in June to its lowest levels in six months as several members pumped much more oil than allowed by their supply deal, thus delaying market rebalancing, the International Energy Agency…