Saturday, July 15th, 2017

 

GM teams up with Uber to expand Maven programme to Australia

SYDNEY, July 15 — General Motors Co said today it was testing its car-sharing operation, Maven, in Australia through a pilot programme with ride-hailing company Uber Technologies Inc. The leasing agreement will allow Uber drivers to rent cars…


[Interesting] The big disconnect in our GDP growth

KUALA LUMPUR (July 15): The Edge weekly in its latest edition said that the string of popular businesses that have closed over the last three…


Souces: Toyota made UK investment decision after Brexit reassurances

LONDON, July 15 — The British government helped to secure a more than £240-million (RM1.3 billion) investment from Toyota in its English plant with a letter reassuring the Japanese carmaker over post-Brexit trading arrangements, two sources…


[Wall Street Update] Dollar, bond yields dip on inflation data as stocks soar

NEW YORK, July 15 — The dollar weakened and government bond yields fell to multi-week lows on Friday after a benign reading of US inflation in June and soft retail demand raised doubts the Federal Reserve would increase interest rates later this…


[Bank Negara] Steady short-term rates seen next week

KUALA LUMPUR, July 15 — Short-term rates are likely to remain steady next week with Bank Negara Malaysia (BNM) expected to offer tenders to absorb excess funds from the system. For the just-ended holiday-shortened week, the overnight rate was…


Fed models say go but data say no as inflation consensus frays

WASHINGTON, July 15 — Federal Reserve plans for gradual interest-rate increases hinge on inflation rising to its 2 per cent target, but it’s not showing up and they don’t know why. That’s undermining Chair Janet Yellen’s case for further…


Uber rival Grab reportedly raising US$2b from SoftBank, China’s Didi

NEW YORK, July 14 — Grab, Uber Technologies Inc’s biggest rival in Southeast Asia, is raising as much as US$2 billion (RM8.6 billion) in funding from Japan’s SoftBank Group and China’s top ride-hailing firm Didi Chuxing, the Wall Street…


Honda recalls 2.1 million vehicles worldwide over fire risk

WASHINGTON, July 14 — Honda Motor Co said today it would recall about 2.1 million vehicles worldwide to replace battery sensors due to the risk of fire. Chris Martin, a spokesman for the Japanese automaker said the recall would include 1.15…


Ringgit to continue good momentum next week

KUALA LUMPUR, July 15 — The ringgit is likely to continue the positive momentum against the US dollar next week as uncertainty over the safe haven currencies, including the greenback, has shifted investors interest towards emerging currencies,…


[Bursa] Weekly Stocks in Focus

KUALA LUMPUR (July 14): Based on corporate announcements and newsflow today, stocks in focus on Monday (July 17) may include Lien Hoe, MLabs, Ajiya, AmProp,…