Saturday, October 5th, 2019

 

PayPal first member to exit Facebook's Libra Association

WASHINGTON, Oct 5 — US payments processor PayPal Holdings Inc said yesterday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal…


Bursa seen to languish in the near term

KUALA LUMPUR, Oct 5 — Bursa Malaysia is expected to further weaken next week, with the benchmark FTSE Bursa Malaysia (FBM KLCI) likely to languish towards the 1,540 level, depressed by worries over a global slowdown, falling ringgit against the US…


Budget 2020 main driver to ringgit performance the coming week

KUALA LUMPUR, Oct 5 — Budget 2020 which will be tabled next Friday will be the main driver for the ringgit next week, said a market analyst. FXTM market analyst Han Tan said investors will be looking for any fiscal stimulus that could offset the…


US airlines grapple with 'unfair tax' that adds to aircraft supply disruption

WASHINGTON, Oct 5 — US airlines are scrambling to digest a new 10 per cent tariff on European-made Airbus planes that threaten additional havoc in a market already reeling from frozen deliveries of Boeing Co's 737 MAX. In a statement late on…


Sacklers reaped up to US$13b from OxyContin maker, US states say

NEW YORK, Oct 5 — OxyContin maker Purdue Pharma LP steered up to US$13 billion (RM54.4 billion) in profits to the company's controlling Sackler family, according to US states opposing efforts to halt lawsuits alleging the company and its owners…


Capital spending outlook another worry ahead of US earnings

NEW YORK, Oct — Investors are preparing for more cautious capital investment outlooks from US companies as worries mount heading into earnings season about the possibility of an economic recession. Capital expenditure increases have been weaker…


Trump sees 'very good chance' of China trade deal, says no link to Biden probe request

WASHINGTON, Oct 4 — US President Donald Trump said yesterday that his administration has a “very good chance” of making a trade deal with China, and insisted there were no links between China talks and his desire for Beijing to investigate…


Spain says it will respond with strength to new US tariffs

MADRID, Oct 5 — Spain has summoned the US ambassador in Madrid to express its complete rejection of any new US tariffs on European Union goods and will press for strong counter measures if they are confirmed, the acting government said yesterday….


Goldilocks' jobs data propels Wall St to best day since August

NEW YORK, Oct 5 — Wall Street surged yesterday after moderate jobs growth in September offered relief from a spate of dismal economic data this week that has rankled markets and fuelled concerns that the world's largest economy may be sliding into…