Saturday, August 3rd, 2019

 

Insurance, economy weigh on Berkshire Hathaway operating profit

NEW YORK, Aug 3 — Berkshire Hathaway Inc today said its quarterly operating profit fell more than analysts expected, as weaker results from insurance underwriting and a slowing economy weighed on the conglomerate run by billionaire Warren Buffett….


Trump defends stance on China trade after new tariffs

WASHINGTON, Aug 3 — US President Donald Trump said today that things are going well with China, insisting US consumers are not paying for import taxes he has imposed on goods from that country although economists say Americans are footing the…


Airbus expects demand for 100-150 seat aircraft to grow to 7,000 in 20 years

SEPANG, Aug 3 — Airbus foresees demand for the new 100-150 seat aircraft to grow to at least 7,000 over the next 20 years with the Asia-Pacific region contributing 20 per cent to the market size. Head of communications for Asia-Pacific Sean Lee…


Azmin: US-China trade war presents opportunity to increase intra-Asean trade

GEORGE TOWN, Aug 3 — The protracted trade war between the US and China should be seen as an opportunity for Malaysia to play a role in increasing trade among Asean countries, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali. Malaysia,…


S. Korea warns Japan of security pact risk, calls for ‘cooling-off’ in trade row

BANGKOK, Aug 3 — South Korea is exploring all options in a bitter trade row with Japan, including scrapping an intelligence sharing pact, but wants a cooling off period with Tokyo, a senior South Korean official said today. The trade row escalated…


Ringgit to test 4.17 resistance next week

KUALA LUMPUR, Aug 3 — The ringgit is expected to trend lower and test the 4.17-resistance level next week, no thanks to worsening trade disputes between the US and China which is fuelling more risk aversion among investors. FXTM market analyst Han…


Wall Street week ahead: Disney report to shine spotlight on streaming war

SAN FRANCISCO, Aug 3 — Quarterly reports next week from Walt Disney Co, CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in the so-called communication services sector, which has…


Bursa Malaysia expected to trade cautiously next week amid gloomy sentiment

KUALA LUMPUR, Aug 3 — Gloomy global economic sentiment which has led to weaker growth, coupled with a protracted trade dispute between the US and China has taken the shine off on Bursa Malaysia. As the local bourse continues its losing streak for…


As trade stumbles, Trump’s economy faces a reckoning

WASHINGTON, Aug 3 — America’s economy is showing signs of sagging under the weight of President Donald Trump’s escalating trade war with China, which is whipsawing industries and financial markets. Punitive tariffs have stung major trading…


China’s new UN envoy says Beijing ready to fight US on trade

NEW YORK, Aug 3 — China’s new UN ambassador warned yesterday that if the United States wanted to fight China on trade “then we will fight,” and signalled that trade tensions could hurt cooperation between the countries on dealing with North…