Friday, October 19th, 2018

 

Strong corporate earnings power rebound on Wall Street

NEW YORK, Oct 19 — US stocks rose broadly today, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 per cent drop a day earlier. Consumer goods bellwether…


Wall St week ahead: With market on edge, investors look to tech trio

SAN FRANCISCO, Oct 19 — The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s…


Germany orders recall of 73,000 Opel diesels

FRANKFURT, Oct 19 — Germany’s KBA transport authority said today it had ordered carmaker Opel to recall 73,000 diesel vehicles worldwide that were configured to fool regulatory emissions tests. The authority “ordered an obligatory recall on…


Procter & Gamble’s profits rise despite currency drag

NEW YORK, Oct 19 — Procter & Gamble reported higher quarterly profits today amid solid performance for several key consumer products, but cut its full-year sales forecast due to the strong dollar. P&G, whose brands include Tide detergent…


Felcra looking for potential buyer for Menara Felcra

KUALA LUMPUR, Oct 19 — Felcra Bhd is looking for potential buyers for its Menara Felcra project in Jalan Sultan Yahya Petra which is 50 per cent complete. Chairman Datuk Mohd Nageeb Abdul Wahab said Felcra had already held discussions with several…


EU to sign trade deal with Singapore, avoid criticising China

BRUSSELS, Oct 18 — The European Union was set to sign a trade deal with Singapore today after talks with Asian leaders keen to push back against US protectionism, but efforts to encourage China to drop state subsidies ran into resistance from…


Merkel calls for free trade as EU, Asia meet

BRUSSELS, Oct 19 — German Chancellor Angela Merkel issued a rallying call for free trade today as EU and Asian leaders met to unite in defiance of US President Donald Trump’s “America first” approach. As disputes fester with Washington, the…


Ryanair trumpets progress in relations with European pilots

DUBLIN, Oct 19 — Ryanair has reached a deal with Portuguese pilots on contentious seniority and home base issues, following similar agreements with their counterparts in Britain and Italy this week, the Irish budget airline said today. Ryanair…


Toyota chief urges UK, EU to avoid no-deal Brexit ‘at all costs’

TOKYO, Oct 19 — The head of Toyota, who leads a group of Japanese automakers, today urged Britain and the European Union to avoid a no-deal Brexit “at all costs.” The statement from Akio Toyoda comes after EU leaders yesterday warned Britain…


HSBC Malaysia welcomes EU-Singapore FTA, to benefit Asean supply chain

KUALA LUMPUR, Oct 19 — HSBC Malaysia Sdn Bhd has welcomed the signing of the European Union (EU)-Singapore Free Trade Agreement (EUSFTA), as it will benefits Asean’s supply chain. In a statement today, it said the agreement enabled businesses to…