Monday, November 5th, 2018

 

Heineken seals US$3b deal with China’s top brewer

THE HAGUE, Nov 5 — Dutch brewing behemoth Heineken said today it had finalised a US$3 billion (RM12.5 billion) deal to merge its Chinese operations with the country’s top brewer, expanding its access to the world’s largest beer market. Under…


Ryanair closes Eindhoven base in Netherlands, jobs uncertain

AMSTERDAM, Nov 5 — Ryanair has closed its base in Eindhoven, the Netherlands, local media and unions reported today, with more than a dozen Dutch cabin workers dismissed and a standoff set to continue with pilots and other cabin staff who refused…


US dollar softens ahead of midterm elections, euro up

LONDON, Nov 5 — The dollar paused after three consecutive weeks of gains as investors took profits before US midterm elections this week that may fuel a bout of volatility for global markets, with the British pound leading gains on Brexit deal…


US stocks mixed ahead of midterm elections

NEW YORK, Nov 5 — Wall Street stocks were mixed early today ahead of much-anticipated US congressional elections that will affect the course of President Donald Trump’s policy agenda. About 15 minutes into trading, the Dow Jones Industrial…


Pompeo: US to exempt China, India, Japan from Iran oil sanctions

WASHINGTON, Nov 5 — The United States will exempt China, India and Japan from oil sanctions on Iran, Secretary of State Mike Pompeo said today, while vowing to be “relentless” in pressuring Tehran. Hours after sweeping sanctions were reimposed…


Eurozone ministers face defiant Italy on budget

BRUSSELS, Nov 5 — Exasperated eurozone finance ministers are expected to back Brussels in the row over Italy’s budget today, setting the stage for market turmoil not seen since the debt crisis. Eurozone finance ministers are meeting for the…


European markets steady on eve of US midterm vote

LONDON, Nov 5 — European stocks held steady today as cautious investors eyed the upcoming US midterm election, the resumption of Washington’s sanctions on Iran, and brewing fiscal fears in Italy. After a flat opening, Frankfurt and London each…


China to continue Iran trade despite new US sanctions

BEIJING, Nov 5 — China denounced new US sanctions targeting Iran’s oil and financial sectors as “long-arm jurisdiction” today and vowed to continue its bilateral trade with the Islamic republic. The measures, which took effect today, follow…


Iran vows to ‘proudly bypass’ US sanctions

TEHRAN, Nov 4 — Iran’s President Hassan Rouhani said the Islamic republic “will proudly bypass sanctions” by the United States that took effect today targeting the country’s oil and financial sectors. The punitive measures described by…


Malaysia’s CIIE 2018 participation can boost exports to China, says minister

KUALA LUMPUR, Nov 5 — Malaysia’s participation in the ongoing China International Import Expo (CIIE 2018) in Shanghai can help boost its annual export value to China from the current RM126.15 billion, the Ministry of International Trade and…