Saturday, October 6th, 2018

 

Turkey’s Erdogan tells ministers to stop using US firm McKinsey

ANKARA, Oct 6 — Turkish President Tayyip Erdogan said today that he had ordered his ministers to stop receiving consulting services from US firm McKinsey, after the deal came under fire from the main opposition. Last month, Finance Minister Berat…


SEAC proposes ‘Buy Perak First Policy’

IPOH, Oct 6 — The Perak Economic Advisory Council (SEAC) will propose to the state government on the need to launch the “Buy Perak First Policy” by giving priority to businesses, manufacturers and contractors from the state for contract…


Malaysian businesses need to start networking in order to explore Iraq

AMMAN, Oct 6 — Malaysian businesses have been encouraged to make an early preparation to enable them to explore opportunities in Iraq which is now undergoing a reconstruction after years of conflicts. Malaysian Ambassador to Jordan Datuk Jilid…


US job growth cools, unemployment rate drops to 3.7pc

WASHINGTON, Oct 6 ― US job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 per cent, pointing to a further tightening in labour…


Ringgit to trade between 4.14-4.16 against US dollar

KUALA LUMPUR, Oct 6 ― The ringgit is expected to trade in the range of between 4.14 and 4.16 against the US dollar on stronger buying interest for the greenback, said OANDA Head of Trading in Asia-Pacific Stephen Innes. He said it would be…


Bursa Malaysia to see range-bound trading next week

KUALA LUMPUR, Oct 6 ― Bursa Malaysia is expected to maintain range-bound trading next week and hover between 1,805 and 1,776 points with external uncertainties expected to put a limit to the upside potential, said an economist. Bank Islam Chief…


Wall Street falls as solid jobs report boosts bond yields

NEW YORK, Oct 6 ― US stocks dropped for a second straight day today, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data. The losses were led by heavyweight stocks in the…


Saudi crown prince says sovereign wealth fund will surpass US$600b target by 2020

RIYADH, Oct 6 ― Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom's main sovereign wealth fund (PIF) will surpass its target of increasing its assets to US$600 billion (RM2.48 trillion) by 2020, as part of a plan to reduce the…


US Commerce Secretary Ross eyes anti-China 'poison pill' for new trade deals

WASHINGTON, Oct 6 ― US Commerce Secretary Wilbur Ross signalled yesterday that Washington may flex its muscle with additional trading partners in order to exert pressure on China to open its markets, saying that a “poison pill” provision in…


Final tweaks in North American trade deal keep lid on e-commerce

MEXICO CITY, Oct 6 ― Last-minute changes to a new North American trade deal sank US hopes of making Canada and Mexico allow higher-value shipments to the countries by online retailers, such as Amazon.com, a top Mexican official said yesterday. The…