Saturday, June 1st, 2019

 

Mexican president predicts good results from US talks on tariffs

MEXICO CITY, June 1 — Mexico’s president said today he expected “good results” from talks planned in Washington about US President Donald Trump’s threat to impose tariffs on Mexican goods, and floated the possibility Mexico could tighten…


China to investigate FedEx, says state media

BEIJING, June 1 — Chinese authorities will investigate US delivery company FedEx over harming the interests of its clients, state media reported today.  FedEx earlier this week apologised for misrouting some Huawei parcels after the Chinese…


China raises tariffs on US goods amid escalating tensions

BEIJING, June 1 — China today increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant…


India plays down Trump decision to remove US trade privileges

NEW DELHI, June 1 — The Indian government said today it will continue to seek to build strong economic ties with the United States despite a decision by US President Donald Trump to end preferential trade treatment for India from June 5. In a…


Deputy minister: Kenaf processing plant to be built in Jasin, Melaka

MELAKA, June 1 — The Primary Industries Ministry through the National Kenaf and Tobacco Board will build a small-scale processing plant for kenaf crops estimated to cost around RM1 million in the Jasin district here. Its deputy minister Datuk Seri…


US defence chief says Huawei ‘too close’ to Chinese government to be trusted

SINGAPORE, June 1 — Telecommunications giant Huawei is “too close” to the Chinese government, making it difficult to trust the company at the heart of an escalating trade war between Washington and Beijing, the US defence chief said today….


US preparing anti-trust probe of Google

SAN FRANCISCO, June 1 — The US Department of Justice is preparing an anti-trust investigation of Internet titan Google, the Wall Street Journal reported today. The Journal cited unnamed sources close to the matter as saying the department would…


Bursa Malaysia likely to continue to strengthen next week

KUALA LUMPUR, June 1 — Bursa Malaysia is likely to continue last week’s upswing, driven by safe haven play as the global markets fall on Trump anti-trade risk-off scenario and slower global economic growth. Phillip Capital Management,…


Ringgit to remain under pressure against US dollar next week

 KUALA LUMPUR, June 1 — The ringgit is expected to remain pressured by developments surrounding the US-led trade tensions, in line with other Asian currencies, with the markets are already concerned by the prospects of further…


Saudi warns of oil supply threat as allies rally against Iran

MECCA, June 1 — Saudi Arabia’s King Salman today warned that “terrorist” attacks in the Gulf region could imperil global oil supplies, as he sought to galvanise support among Islamic countries against arch-rival Iran. The king was speaking…