Saturday, September 14th, 2019

 

EU finance ministers eye simpler fiscal rules

HELSINKI, Sept 14 — European Union finance ministers were holding a first discussion today about how to simplify the EU’s complex fiscal rules to help make public finances more sustainable and stabilise economies throughout business cycles….


Singapore employers more cautious in hiring, as job vacancies in Q2 2019 continue to decline, says report

SINGAPORE, Sept 14 — In light of economic headwinds, hiring sentiments continued to be cautious for the second quarter of this year. The number of job vacancies offered on the market continued to decline from the previous quarter, as the resident…


SG Bike gains approval to acquire Mobike fleet, making it the largest bike-sharing operator in Singapore

SINGAPORE, Sept 14 — SG Bike has acquired Mobike’s fleet of 25,000 bicycles, making it the largest bike-sharing operator in Singapore currently.  SG Bike said in a statement yesterday that it has received the Land Transport Authority’s…


Stormclouds gather for Facebook’s Libra currency

SAN FRANCISCO, Sept 14 — International outcry is mounting over Facebook’s Libra — with central banks, governments and regulators railing against the social media giant’s upstart cryptocurrency. Facebook unveiled plans in June for Libra —…


Bursa Malaysia likely to edge higher to 1,620 next week

KUALA LUMPUR, Sept 14 — Bursa Malaysia is expected to edge higher towards the 1,620 level next week, driven by positive domestic economic performance and Wall Street sentiment, renewed optimism over the breakthrough in the US-China trade war talks…


Ringgit’s upward momentum to continue next week

KUALA LUMPUR, Sept 14 — The improved global sentiment following easing US-China trade tensions is expected to continue driving the ringgit upward next week, moving between 4.15 and 4.1750 against the US dollar. Axi Trader Asia-Pacific market…


Disney chief exits Apple board as firms become streaming rivals

SAN FRANCISCO, Sept 14 — Disney chief Bob Iger resigned from Apple’s board of directors as the companies are poised to launch rival online streaming services, according to a filing yesterday with US regulators. Iger’s departure came the same…


PayPal cautious about future of Libra cryptocurrency

SAN FRANCISCO, Sept 14 — PayPal is cautious about the future of Facebook-backed cryptocurrency Libra, which is slated to debut with the pioneering digital payments firm as part of its oversight association. International outcry is mounting over…


Global stocks, bond yields lifted by US-China trade hopes

EW YORK, Sept 13 — A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed yesterday after signs of progress in US-China trade talks, as well as a solid US retail sales report, allayed recession…


S&P edges lower as Apple weighs, trade tensions ease

NEW YORK, Sept 14 — The S&P 500 ended the day down slightly yesterday but less than 1 per cent below its all-time high as a drop in Apple stock countered cooling US-China trade tensions. Tariff-vulnerable industrials helped keep the blue-chip…