Tuesday, October 1st, 2019

 

Thomas Cook France placed in receivership, 780 jobs at risk

PARIS, Oct 1 — The French arm of the bankrupt British tour operator Thomas Cook said today that a commercial court had placed it in receivership, and that “several serious candidates” had already shown interest in buying the company. Thomas…


Trump blasts Fed, says strong dollar hurting US manufacturers

WASHINGTON, Oct 1 — US President Donald Trump said today US interest rates were “too high” and that a strong dollar was hurting US manufacturers, again blaming the US Federal Reserve, which is scheduled to release manufacturing data later this…


EU weighing all options in US plane dispute, trade chief says

BRUSSELS, Oct 1 — The European Union is considering all possible responses to tariffs the United States may impose this month in a two-way dispute over aircraft subsidies, the EU trade chief said today. The World Trade Organisation (WTO) has found…


US manufacturing contracts in September to lowest since 2009, says industry survey

WASHINGTON, Oct 1 — The US manufacturing sector slowed again in September, falling to its lowest level since 2009, amid trade war worries, according to an industry survey released today. It was the second month in a row manufacturing has…


US Commerce Sec Ross to hold talks in India amid hopes of trade deal

NEW DELHI, Oct 1 — US Commerce Secretary Wilbur Ross will be holding talks with Indian leaders this week and three sources in government and industry in New Delhi said there were renewed expectations of a trade deal on farm goods and…


US stocks begin fourth quarter higher

NEW YORK, Oct 1 — Wall Street stocks opened higher today, beginning the fourth quarter on a positive note ahead of key economic data and trade talks. Investors are looking ahead to talks later this month between top US and Chinese officials with…


Ryanair to ask Boeing to ‘eat’ any EU tariffs in jet trade war

LONDON, Oct 1 — The head of Ireland’s Ryanair otoday urged the United States and European Union to pull back from a tariff war over aircraft subsidies and said he would ask Boeing to “eat” any counter-tariffs imposed on the US firm by the…


Study: Macron’s tax cuts for the wealthy not bearing fruit, yet

PARIS, Oct 1 — Two years after French President Emmanuel Macron introduced tax cuts for the wealthy, independent researchers say there is no conclusive evidence far that growth and jobs are getting a promised boost. Macron’s critics quickly…


Thailand’s Gulf Energy and PTT to build US$1.33b LNG project with the government

BANGKOK, Oct 1 — Thailand’s Gulf Energy Development Pcl and state-owned PTT Pcl will build a 40.9 billion baht (RM54.5 billion) gas terminal and port on the country’s east coast, the Industrial Estate Authority of Thailand (IEAT) said today….


Ford, Mahindra agree US$275m deal for India, emerging markets

MUMBAI, Oct 1 — Ford Motor Co and Mahindra & Mahindra will form a joint venture in India valued at $275 million (RM1.15 billion) to produce and sell vehicles in the country and export to emerging markets, the two companies said today. The two…