Saturday, November 10th, 2018

 

Media: China’s import expo logs US$57.8b of deals

SHANGHAI, Nov 10 — Around US$57.83 billion (RM241.9 billion) worth of deals were today today. The November 5-10 CIIE, which brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the…


Chamber of Commerce: China's aerospace companies keen to invest in Malaysia

KUALA LUMPUR, Nov 10 — Several Chinese aerospace companies are keen to work with Malaysian companies to develop several science centre projects, the Malaysian Global Chamber of Commerce (MGCC) said. Its president Prof Datuk Seri Alex Ong said the…


Downward pressure on Bursa Malaysia to continue

KUALA LUMPUR, Nov 10 — Bursa Malaysia is expected to brace continued downward pressures on the prices amid weak sentiment domestically coupled with external factors, said M&A Securities Sdn Bhd Chief Dealing Officer R. Sundararajah. “At the…


GDP data to influence ringgit next week

KUALA LUMPUR, Nov 10 — The ringgit movement next week will be influenced by the development in the US monetary policy and Malaysia’s gross domestic product (GDP) data, a dealer said. FXTM Global Head of Currency Strategy and Market Research…


Wall Street week ahead: Investors focus on retailers as wages rise

NEW YORK, Nov 10 — US. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. Amidst overall strong quarterly results, climbing…


China to cut taxes to support private sector

BEIJING, Nov 10 — China’s State Administration of Taxation (SAT) is working with other government agencies to carry out tax reductions in a bid to support the private sector, the official Xinhua news agency reported. China’s taxation authority…


Britain’s FTSE falls as Fed stalls election rally; miners sink on weak prices

LONDON, Nov 10 — UK shares fell yesterday, ending two days of gains as weak metals prices weighed, Burberry sank 5 per cent and Wall Street opened lower after a hawkish Federal Reserve statement renewed worries about an imminent interest rate…


Sterling slides after British minister resigns over May’s Brexit plans

LONDON, Nov 10 — Sterling extended its losses yesterday after Jo Johnson resigned from Prime Minister Theresa May’s government over her “delusional” Brexit plans and called for another referendum on Britain’s EU membership. The British…


Strong US economy, weaker stocks boost dollar

NEW YORK, Nov 10 — The US dollar rose toward a 16-month high against the euro yesterday as falling equity prices spurred a flight to quality and the US Federal Reserve reaffirmed its monetary tightening stance, citing the strong US economy. The…


Slump in oil prices and China data weighs on global stocks

NEW YORK, Nov 10 — Stocks around the globe suffered their biggest drop in two weeks yesterday as weak Chinese economic data sapped demand for equities while oil prices weakened again. US stocks were broadly lower, with energy shares falling more…