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Sterling slips on Brexit talks concerns; volatility drops

LONDON, April 16 — Sterling slipped today after a newspaper report that Brexit talks between Prime Minister Theresa May’s government and the opposition Labour Party were stalling, but moves were broadly contained in a market lacking fresh…


Wall St rises on tech boost, robust Johnson & Johnson earnings

NEW YORK, April 16 — US stocks rose today, powered by stellar results from healthcare conglomerate Johnson & Johnson and gains in technology stocks, with the benchmark S&P 500 less than a per cent away from its all-time high. Johnson &…


US manufacturing flat in March, capping weak Q1

WASHINGTON, April 16 — American manufacturing was flat in March, which was good news after sharp declines in the prior two months that combined for a dismal first quarter, the Federal Reserve reported today. That weak performance has contributed…


Bank of America reports higher profits, sees ‘solid’ US economy

NEW YORK, April 16 — Bank of America reported higher first-quarter earnings on lower expenses and loan growth today, with executives describing US growth as still solid. Net profits were US$6.9 billion (RM28.5 billion), up 5.8 per cent from the…


Matrade: Trade with EU not affected by palm oil issue

KUALA LUMPUR, April 16 — The trade issue between Malaysia and the European Union (EU) over palm oil will not affect other forms of exports to the EU, says the Malaysia External Trade Development Corporation (Matrade). Chief executive officer…


Best credit cards for movie promotions in Malaysia

KUALA LUMPUR, April 15 — Did you know that there are credit cards that offer you deals and discounts on movie tickets? Whether you’re looking for a new credit card that helps you save on entertainment expenses or just interested to see what…


India’s Jet extends cancellations after lenders fail to release funds

MUMBAI, April 16 — India’s stricken Jet Airways appeared to be edging closer to collapse yesterday after lenders failed to take a decision on whether to release crucial funds to keep the debt-laden carrier flying. Thousands of passengers have…


AFP poll: China’s economic growth cools to 6.3pc

BEIJING, April 16 — China’s economy cooled further in the first quarter, according to an AFP survey of analysts, as Beijing resorted to tried-and-tested measures to combat tepid global demand and a bruising US trade war. The world’s second…


US, Japan open trade talks seeking quick deal

WASHINGTON, April 16 — US and Japanese negotiators opened the first round of trade talks yesterday in the latest front in President Donald Trump’s aggressive, multi-pronged strategy to address “chronic US trade imbalances.” US Trade…


Bank results impede Wall Street, trade hopes support European stocks

NEW YORK, April 15 — World stocks retreated from earlier gains today as underwhelming quarterly results from US banks weighed on Wall Street, though progress in US-China trade talks helped European stocks tread water. The US benchmark S&P 500…