Tuesday, August 27th, 2019

 

Trade optimism pushes Wall Street higher

NEW YORK, Aug 27 — Wall Street’s main indexes rose for the second straight session today, supported by broad-based gains as investors pinned their hopes on a resolution to the protracted US-China trade dispute despite mixed signals from both…


Govt sets up special committee on Islamic finance

PUTRAJAYA, Aug 27 — The Ministry of Finance (MoF) has announced the establishment a Special Committee on Islamic Finance (JKKI) to promote and encourage development of Islamic Finance. The committee, chaired by Deputy Finance Minister Datuk…


Russian client sues Boeing to cancel 737 MAX order

MOSCOW, Aug 27 — A Russian aircraft leasing company confirmed today that it has filed the first US lawsuit to cancel an order for 35 Boeing 737 MAX jets. Avia Capital Services (ACS), a subsidiary of state-owned Russian conglomerate Rostec,…


Philip Morris in talks to merge with Altria

NEW YORK, Aug 27 — Philip Morris International Inc and Altria Group Inc said today they were in talks for an all-stock merger, potentially reuniting the tobacco giants after more than a decade. Altria’s shares rose over eight per cent in early…


Dolce & Gabbana sees sales slowdown in China after ad backlash

MILAN, Aug 27 — Italian fashion house Dolce & Gabbana expects sales in China to fall in the current fiscal year after a slowdown in 2018-19, in a sign the brand is still struggling to shake off the fallout from a controversial advertising…


State govt to continue empowering agriculture sector, says Johor MB

MUAR, Aug 27 — The Johor state government will continue empowering its agricultural sector so that it will remain as a major contributor to economic growth. Mentri Besar Datuk Dr Sahruddin Jamal said the state government provided various…


Iskandar Malaysia secures RM16.75b committed investments for 1H 2019

JOHOR BARU, Aug 27 — Iskandar Malaysia has secured committed investments of RM16.75 billion for the first half of this year (1H 2019), contributing to the RM302.09 billion total cumulative committed investments from 2006 to June 2019. The latest…


Report: Singapore a top spot for Hong Kong commercial property investors in first half of 2019

SINGAPORE, Aug 27 — Lured by Singapore’s political stability and relatively strong office rentals, Hong Kong investors ploughed US$1.4 billion (RM5.9 billion) into the Republic’s commercial property market in the first of 2019 — making it…


Germany posts large public surplus amid budget debate

BERLIN, Aug 27 — Germany today announced a smaller but nonetheless substantial budget surplus for the first half of 2019, amid increasing calls for Berlin to spend more to stave off recession. The positive figure of €45.3 billion (RM211.5…


Ringgit ends easier as traders remain on sidelines

KUALA LUMPUR, Aug 27 — The ringgit closed lower against the US dollar today as market traders remained on the sidelines awaiting developments on the US-China trade tussle. At 6pm, the ringgit finished at 4.2020/2060 against the greenback from…