Saturday, September 29th, 2018

 

Toyota warns no-deal Brexit would stall output at UK plant

LONDON, Sept 29 — Japanese car giant Toyota today warned that a no-deal Brexit would temporarily halt production at its plant in Derby, central England. “My view is that if Britain crashes out of the EU at the end of March we will see production…


China c.bank says will maintain ample liquidity as trade row threatens economy

BEIJING, Sept 29 — China’s central bank pledged to maintain its “prudent and neutral” monetary policy and to use multiple tools to keep liquidity ample, as the world’s second-biggest economy comes under increasing pressure from a heated…


Ministry aims to boost SMEs’ contribution to GDP to 42pc

ALOR GAJAH, Sept 29 — The Ministry of Entrepreneur Development is targeting to boost the small and medium enterprise (SME) sector’s contribution to the nation’s Gross Domestic Product (GDP) to 42 per cent next year from the current 37 per…


‘We'll know in 48 hours’: Mexico sees new hope of trilateral Nafta

WASHINGTON, Sept 29 ― Mexico yesterday said the US Trump administration and Canada were making serious efforts to resolve trade policy differences after days of bickering, raising hopes of saving the North American Free Trade Agreement as a…


Merkel wants car giants to pick up 100pc of diesel refit bill

BERLIN, Sept 29 ― Chancellor Angela Merkel heaped pressure on auto giants to pick up the full bill for refits of older polluting diesel vehicles, as key negotiations started yesterday on the potentially politically explosive issue. Diesels are…


Bursa Malaysia expected to improve next week

KUALA LUMPUR, Sept 29 ― Bursa Malaysia is expected to improve next week as it enters into the fourth quarter of the year, mainly driven by the firmer crude oil prices and competitive exchange rate, dealers said. Rakuten Trade Sdn Bhd Head of…


Ringgit to trade between 4.13-4.15 against US dollar

KUALA LUMPUR, Sept 29 ― The ringgit is likely to trade in a range of between 4.13 and 4.15 against the US dollar following guidance from fluctuations in the greenback along with worries of a prolonged US-China trade war, a dealer said.  FXTM…


US consumer spending rises, monthly inflation moderates

WASHINGTON, Sept 29 ― US consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve's 2 per cent target for a…


Trump signs US spending bill, averts shutdown threat until December

WASHINGTON, Sept 28 ― US President Donald Trump signed a massive spending bill yesterday, providing hundreds of billions of dollars for the Department of Defense and averting the threat of a federal government shutdown at least until December. The…


No cutoff date for Canada to join Nafta 2.0, says Mexico’s president-elect

MEXICO CITY, Sept 29 ― There is no cutoff date for Canada to join the US-Mexican deal meant to replace the North American Free Trade Agreement, Mexico's president-elect said yesterday as the text was submitted to legislators. “There is no fatal…