Friday, April 5th, 2019

 

US job growth resumes in March, letting Trump breathe easier

WASHINGTON, April 5 — US job creation came back to life in March, possibly assuaging recession fears and allowing Donald Trump a sigh of relief. Government data released today showed a hiring surge in healthcare, bars and restaurants, while…


Trump urges Fed to lower US interest rates

WASHINGTON, April 5 — President Donald Trump said today the US Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down. “I think they should drop rates,”…


EU executive recommendations to guide future euro zone budget

BUCHAREST, April 5 — The European Commission, with the approval of euro zone governments, will set priorities for the yet-to-be-created euro zone budget, EU finance ministers agreed today, in an effort to balance national and EU powers over the…


Rebound in job growth pushes Wall St higher, trade hopes add to optimism

NEW YORK, April 5 — Wall Street’s main indexes rose today after data showed US employment in March accelerated from a 17-month low, easing concerns of a domestic slowdown, while hopes of a US-China trade deal added to the sentiment. The Labor…


Source: ECB will ask Deutsche Bank to raise fresh funds for merger

FRANKFURT, April 5 — The European Central Bank will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said. The official said that Deutsche…


Sources: Jet crisis deepens, lessors to de-register more planes over 10 days

NEW DELHI, April 5 — Lessors to Jet Airways Ltd are planning to ask India’s aviation regulator to de-register many more planes leased to the airline, three sources said, signalling a planned bailout of the debt-laden carrier is failing to…


EU sees ‘significant’ damage to fishing firms from no-deal Brexit

BRUSSELS, April 5 — The European Union’s Environment, Maritime Affairs and Fisheries Commissioner Karmenu Vela said today the bloc was hoping to maintain reciprocal access to UK fishing waters after Brexit but was also preparing for the…


Peterlabs unaware of reason behind spike in share price, volume

PETALING JAYA: Peterlabs Holdings Bhd has told Bursa Malaysia that it is unaware of the reason behind the recent spike in its share price and volume.

“The board of directors of Peterlabs wish to confirm that to the best of their knowledge and after making due enquiry with the available directors and major shareholder of the company seeking the cause of the unusual market activity (UMA) in the company’s securities, Peterlabs is not aware of any factors which may have contributed to the UMA,” it said.

It also said that it is not aware of any corporate development, rumour or report that may have contributed to the UMA. Note that Bursa Malaysia did not issue any UMA query on Peterlabs.

Peterlabs’ share price rose 6 sen this week from its closing price of 31 sen on Monday. The stock closed unchanged at 37 sen with 979,900 shares done.


Norway to cut 10 emerging market countries from wealth fund’s fixed-income benchmark

OSLO, April 5 — Norway’s sovereign wealth fund, the world’s largest, will streamline its US$300 billion (RM1.2 trillion) fixed-income portfolio by cutting emerging market bonds from the benchmark index it tracks, the Finance Ministry said…


Indian oil giant halts fuel to beleaguered Jet Airways

MUMBAI, April 5 — India’s largest commercial oil company said today that it had stopped supplying fuel to Jet Airways, deepening the woes of the beleaguered carrier as it battles for survival. The Indian Oil Corporation (IOC) halted supplies to…