economies

 
 

US stocks push higher as US delays auto tariff move

NEW YORK, Aug 21 — Wall Street stocks rose in early trading today, with the S&P 500 pushing near a record, as the US signalled it could delay a closely-watched decision to impose new tariffs on autos. About 15 minutes into trading, the Dow…


Japan, China seek to restart FX swap line in sign of warming ties, reports Kyodo

TOKYO, Aug 21 — Japan and China are in talks to resume a currency swap arrangement between their central banks worth about ¥3 trillion (US$27.2 billion), Kyodo News agency reported today. The resumption of the swap agreement represents a thaw in…


Dollar suffers selling pressure after Trump’s Fed comments

HONG KONG, Aug 21 — The dollar dipped today in Asia after Donald Trump hit out at the Federal Reserve’s interest rate rises and accused it of not backing his economic plan, while most equity markets edged up ahead of highly anticipated China-US…


Euro falls with investors cautious about US-China trade talks

LONDON, Aug 20 — The euro slipped today as the dollar gained ahead of proposed trade talks between the United States and China this week that investors hope will ease tensions between the world’s two biggest economies. Anticipated talks between…


Is Boustead Plantations’ RM397m land buy worth it?

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AT RM397 million, Boustead Plantations Bhd’s proposed land acquisition in Sabah looks likely to add some short-term strain to the planter’s cash flow when completed. While the purchase will increase its existing planted area by about 6% — and grow its total land bank by about 5% — the oil palm trees on the acquired land are old at an average age of 18.7 years. So the odds are the acquisition will add to Boustead Plantations’ finance costs without a corresponding boost to income given the low-yield trees Furthermore, withRead More


Singapore’s PM Lee lays out plan to curb rising living costs

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SINGAPORE, Aug 19 — Singapore’s government will ensure the cost of housing, health care and education remains affordable as households worry about rising living costs, Prime Minister Lee Hsien Loong said. While the economy is doing well,…


Australia ramps up aid to farmers as drought bites

SYDNEY, Aug 19 — Financial aid for drought-stricken Australian farmers will be increased to A$1.8 billion (RM5.41 billion) as they endure the driest conditions in half a century, the prime minister said today. Farmers in eastern states are…


Crude Palm Oil Weekly Report – August 18th, 2018

The Malaysian palm oil futures jumped to a week-high due to stronger related oils and reversed losses caused by bearish sentiments on trade and currency concerns as well as exports demand. The benchmark crude palm oil futures (FCPO) contract rose 0.23 per cent to RM2,238 on Thursday, which is RM5 lower than RM2,243 during the […]


Oil’s on its longest losing run since 2015 on turmoil and supply

SYDNEY, Aug 17 — Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies….


Oil’s on longest losing run since 2015 on turmoil and supply

SYDNEY, Aug 17 — Oil headed for the longest run of weekly declines in three years, dragged down by everything from an emerging-market rout to rising global supplies and lingering concerns over a spat between the world’s biggest economies….