Saturday, June 15th, 2019

 

G20 energy ministers to collaborate to keep market stability

KARUIZAWA, Japan, June 15 — Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain stability in the oil market, Japan's Industry Minister Hiroshige Seko said…


Turkey hits out at Moody’s after credit rating cut

ANKARA, June 15 — Turkey today lambasted Moody’s ratings agency after it cut Ankara’s credit rating further into junk territory, saying the downgrade raised concerns over the institution’s “objectivity and impartiality”. The agency…


Chinese state media urges retribution after UBS economist’s ‘insult’

BEIJING, June 15 — Those who insult Chinese people should pay the price in order to deter would-be offenders from following suit, Chinese state media said in a sharply worded commentary, after remarks by a UBS economist about pigs sparked an…


US auto workers at VW plant reject bid to unionise

DETROIT, June 15 ― The United Auto Workers (UAW) union has suffered a fresh defeat at a Volkswagen plant in Tennessee, with workers narrowly voting down a move to organise the factory for a second time. The UAW has never managed to fully organise…


Report: Trump says 'it doesn't matter' if China's Xi attends G20

WASHINGTON, June 15 ― US President Donald Trump said yesterday “it doesn't matter” if Chinese leader Xi Jinping attends the Group of 20 summit later this month in the Japanese city of Osaka, predicting a trade deal with Beijing would occur at…


Ringgit to trade between 4.15 and 4.18 next week

KUALA LUMPUR, June 15 ― The ringgit is expected to trade between 4.15 and 4.18 against the US dollar following guidance from the fluctuations in the greenback along with the Federal Reserve’s (Fed) decision on US interest rates, said an analyst….


Bursa Malaysia likely to trade firmer next week

KUALA LUMPUR, June 15 ― Bursa Malaysia is likely to trade firmer with an upside bias next week, on the expected return of risk appetite backed by external and local factors. Phillip Capital Management, Asia-Pacific senior vice president…


Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears

NEW YORK, June 15 ― US stocks ended nominally lower yesterday as investors awaited next week's Federal Reserve meeting for signs of imminent easing, while the US-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil…


Wall Street closes lower as Broadcom warning hits chip stocks

NEW YORK, June 15 ― US stocks ended lower yesterday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to US-China trade…


Moody's downgrades Turkey’s credit rating to B1, ministry challenges move

ISTANBUL, June 15 ― Moody's cut Turkey's sovereign credit rating deeper into “junk” territory yesterday, saying the risk of a balance of payments crisis continued to rise, and with it the risk of a government default. Moody's downgraded the…