america

 
 

Fed says tariff concerns cloud otherwise solid US outlook

WASHINGTON, April 19 — New tariffs and concerns over widening trade disputes cast a shadow over the Federal Reserve’s most recent survey of US businesses even as all 12 regions reported continued robust job growth with few signs of…


ACE Market-bound Tri-Mode to raise RM26.4m in IPO

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KUALA LUMPUR (April 18): ACE Market-bound Tri-Mode System (M) Sdn Bhd, an integrated logistics provider, is looking to raise as much as RM26.4 million from its initial public offering (IPO) exercise. The group expects to enlarge its market capitalisation of about RM101.3 million upon its listing on May 11. As part of the IPO exercise, Tri-Mode will offer to the public 43.21 million new shares at a retail price of 61 sen per share. The final retail price is subjected to the bookbuilding. Its group managing director Datuk Hew HanRead More


Opec-Russia talks set to keep oil cuts even as glut vanishes

DUBAI, April 18 — Opec and Russia will meet in Saudi Arabia this week after all but banishing a global oil glut. While looming political crises threaten to tighten supplies further, the group seems determined to keep its cuts in place. Almost…


Netflix surges to record as users shrug off higher prices

NEW YORK, April 18 — Netflix Inc used to worry it would alienate customers by raising prices for its streaming service. Not any more. The company posted its strongest first quarter since going public 16 years ago, despite raising prices for…


China’s rising tech star seen ‘half dead’ after US ban

SHENZHEN, April 18 — ZTE Corp. may have just gone from being a serious contender in the high-stakes world of next-generation networking to — quite possibly — a mobile industry washout. China’s No. 2 telecommunications gear-maker was…


Asia shares edge up with Wall St, wary on China

SYDNEY, April 18 — Asian shares crept ahead today after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued. Dealers were anxious…


China offers carrots and stick as US trade tensions simmer

BEIJING, April 18 — China adopted a carrot and stick approach to the US yesterday as the risk of a trade war between the two powerhouse economies continued to simmer. At the same time that Beijing promised foreign car makers such as Ford Motor…


Oil prices rise on crude supply worry, Wall Street strength

NEW YORK, April 18 — Oil prices rose yesterday, as support from the possibility of supply disruptions and a strong equities market offset the effects of profit-taking following last week’s rally above three-year highs. Brent crude oil futures…


IMF sees emerging Asia as top global growth engine

BEIJING, April 17 — The IMF said today it remains upbeat about the economic prospects of emerging Asia, labelling the region “the most important engine of global growth” despite concerns over trade disputes and mounting debt. The…


US strike on China’s ZTE another blow for Qualcomm

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SHANGHAI/BEIJING (April 17): A move by the United States to ban American firms selling components to the Chinese telecom equipment maker ZTE Corp will also hit a target closer to home: Qualcomm Inc, a US company that is a major supplier of chips for ZTE’s phones. The US Department of Commerce slapped a seven-year ban on sales to ZTE on Monday for breaking terms of an agreement reached last year after it was caught illegally shipping goods to Iran. Caught in the crossfire is Qualcomm, whose products account for theRead More