Saturday, December 29th, 2018

 

UK splashes £100m on ferries to ease Brexit fears

LONDON, Dec 29 — Britain has spent more than £100 million on chartering ferries to mitigate the risk of “severe congestion” at the port of Dover in the event of a no-deal Brexit, according to government documents. The government has struck…


Petronas acquires 10pc stake in Oman’s al Khazzan gasfield

KUALA LUMPUR, Dec 29 — Petroliam Nasional Bhd (Petronas), through its subsidiary PC Oman Ventures Ltd, has acquired a 10 per cent stake in Block 61 of Oman’s Al Khazzan gas field from Makarim Gas Development LLC. Makarim Gas is a subsidiary of…


Chinese firms offer subsidies on Huawei phones in show of support

SHANGHAI, Dec 29 — Chinese firms are encouraging staff to buy Huawei smartphones following Canada’s arrest of a top Huawei executive on a US extradition request, which has triggered an outpouring of nationalist support. Several companies are…


Window dressing activities set to boost Bursa Malaysia next week

KUALA LUMPUR, Dec 29 ― Year-end window dressing activities are expected to lift share prices on Bursa Malaysia next week. Inter-Pacific Research Sdn Bhd Head of Research Pong Teng Siew said the key FTSE Bursa Malaysia KLCI (FBM KLCI) was expected…


Ringgit likely to trade on cautious mode next week

KUALA LUMPUR, Dec 29 ― The ringgit is expected to trade on a cautious note on the first trading week of 2019, as investors tussle with geopolitical risk factors weighing on global sentiment. FXTM Research Analyst Lukman Otunuga said the ongoing…


Trump administration: US limits on coal plant mercury emissions too costly

WASHINGTON, Dec 29 ― The Trump administration yesterday said limits on mercury emissions from coal-fired power plants were unnecessary as they were too costly, sparking an outcry from environmentalists who feared the next step would be looser…


Much-awaited holiday cheer finally arrives to UK markets

LONDON, Dec 29 ― British shares leaped off multi-year lows yesterday boosted by initial relief spilling over from the United States, where stocks sprang back on Thursday following steep losses as a turbulent 2018 neared its end. The FTSE 100 was…


Equities markets limp to finish line after volatile week

NEW YORK, Dec 29 ― Global investors gravitated toward safe-haven assets yesterday as worries about the world economy persisted, cutting short a two-day rebound in Wall Street stocks. US stock indexes seesawed, making it difficult to end one of the…


Ofo staff told to ‘appreciate’ the start-up experience amid company’s financial struggles

SINGAPORE, Dec 29 — The acting general manager of embattled bike-sharing company Ofo has appealed to staff for their understanding, saying in a note that running a start-up is “extremely hard”. In the internal message sent on Thursday…


M’sia overcomes challenges albeit moderate growth

KUALA LUMPUR: Malaysia’s economy went through a roller coaster ride in 2018 as adverse impact from looming challenges were increasingly felt, but thanks to its domestic dynamism, continuity in growth remained, albeit, at a moderate pace. The country’s economic growth which was earlier forecast to expand between 5.5 and 6.0 per cent, will likely record […]