Friday, September 20th, 2019

 

Trump: US making a lot of progress with China in trade talks

WASHINGTON, Sept 20 — President Donald Trump told reporters today the United States is making a lot of progress with China, as two of the world’s biggest economies work toward resolving their protracted trade dispute. Trump, speaking at the Oval…


Undeterred, Facebook to press on with Libra launch next year, says exec

ZURICH, Sept 20 — Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans….


Ryanair UK pilots cancel this month’s strikes

DUBLIN, Sept 20 — Ryanair pilots based in the United Kingdom have cancelled five days of strikes set for this month, as unions and the low-cost airline gear up for further talks. Strikes set for September 21, 23, 25, 27 and 29 will not go ahead,…


Wall Street edges higher on stimulus efforts, trade hopes

NEW YORK, Sept 20 — US stocks rose today as an interest rate cut by China’s central bank and signs of co-operation on trade between the world’s two largest economies allayed concerns over global growth. China cut its new one-year benchmark…


Malaysia and Thailand Joint Authority to grant US$2m each to both countries for petroleum R&D

BANGKOK, Sept 20 — The Malaysia and Thailand Joint Authority (MTJA) will provide an endowment of US$2 million (RM8.3 million) to each government to support research and development (R&D) in petroleum activities for the Joint Development Area…


RBS picks first woman to lead ‘Big Four’ UK bank

LONDON, Sept 20 — State-rescued Royal Bank of Scotland today promoted Alison Rose to the post of chief executive, making her the first female boss of a major UK lender. Rose, deputy-head of the group’s NatWest Holdings retail business…


Commerzbank says to slash 4,300 jobs in new restructuring round

FRANKFURT, Sept 20 — Germany’s second-largest lender Commerzbank said today it plans to cut the equivalent of 4,300 full-time posts, one-tenth of its workforce, and shutter 200 branches in a fresh bout of restructuring. On top of the job cuts…


Saudi Aramco confident Khurais full output to resume by end-Sept

KHURAIS, Sept 20 — Saudi Aramco is confident full production will resume by the end of September from Khurais, one of two oil sites attacked on September 14, a company executive said today. Aramco is shipping equipment from the United States and…


Malaysia Vision Valley 2.0’s first venture to focus on development of high-tech industries

SEREMBAN, Sept 20 — The first project of the Malaysia Vision Valley 2.0 (MVV 2.0) will focus on the development of high technology industries at Parcel A, Nilai, covering an area of 1,149.39 hectares (2,838 acres) in 2020. Negri Sembilan Mentri…


Wall Street week ahead: Fund managers gird for long trade war after FedEx slide

NEW YORK, Sept 20 — A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally…