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Nikkei: Japan to eliminate tariffs on US wine in trade deal

TOKYO, Sept 15 — Japan has agreed to phase out tariffs on US wine imports as part of a bilateral trade deal expected to be signed at the end of the month, t1he Nikkei newspaper reported today. Japan will eliminate the tariffs on US wine within…


Large US banks sweating the move to lower interest rates

NEW YORK, Sept 15 — President Donald Trump’s attacks on the US Federal Reserve make financial markets cringe, but his demand for zero interest rates makes banks sweat. As the Fed reverses course and is poised to cut the benchmark lending rate a…


US Fed to cut rates again as optimism is tested

WASHINGTON, Sept 15 — Facing a dauntingly uncertain economic horizon and ceaselessly pelted with insults and demands for stimulus from the US president, the Federal Reserve is set to cut interest rates in the coming week. Though Chairman…


Singapore employers more cautious in hiring, as job vacancies in Q2 2019 continue to decline, says report

SINGAPORE, Sept 14 — In light of economic headwinds, hiring sentiments continued to be cautious for the second quarter of this year. The number of job vacancies offered on the market continued to decline from the previous quarter, as the resident…


Stormclouds gather for Facebook’s Libra currency

SAN FRANCISCO, Sept 14 — International outcry is mounting over Facebook’s Libra — with central banks, governments and regulators railing against the social media giant’s upstart cryptocurrency. Facebook unveiled plans in June for Libra —…


Bursa Malaysia likely to edge higher to 1,620 next week

KUALA LUMPUR, Sept 14 — Bursa Malaysia is expected to edge higher towards the 1,620 level next week, driven by positive domestic economic performance and Wall Street sentiment, renewed optimism over the breakthrough in the US-China trade war talks…


Ringgit’s upward momentum to continue next week

KUALA LUMPUR, Sept 14 — The improved global sentiment following easing US-China trade tensions is expected to continue driving the ringgit upward next week, moving between 4.15 and 4.1750 against the US dollar. Axi Trader Asia-Pacific market…


Global stocks, bond yields lifted by US-China trade hopes

EW YORK, Sept 13 — A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed yesterday after signs of progress in US-China trade talks, as well as a solid US retail sales report, allayed recession…


S&P edges lower as Apple weighs, trade tensions ease

NEW YORK, Sept 14 — The S&P 500 ended the day down slightly yesterday but less than 1 per cent below its all-time high as a drop in Apple stock countered cooling US-China trade tensions. Tariff-vulnerable industrials helped keep the blue-chip…


Hong Kong exchange vows to press on with US$39b LSE bid after rebuff

LONDON, Sept 13 — The Hong Kong exchange refused to give up on its bid to take over the London Stock Exchange after the LSE emphatically rejected the Asian bourse’s US$39 billion takeover offer today. The Hong Kong exchange said it will now hold…