european markets


Nissan sends Brexit shockwaves through UK auto sector

SUNDERLAND, Feb 5 — Nissan’s decision to axe planned production of the X-Trail SUV in the Brexit-backing city of Sunderland is a heavy blow to the British auto sector, which repeatedly warned against quitting the EU. The Japanese carmaker…

Stellar US jobs report fails to light up markets

LONDON, Feb 1 — Data released today showed the US economy added a staggering 300,000 jobs last month, providing some reassurance that the government shutdown did little damage to the wider economy, but the news failed to move investors. But the…

Toymaker Lego to open 80 new shops in China this year

NUREMBERG, Feb 1 — Danish toymaker Lego plans to more than double the number of shops in China this year to 140 in its most rapid expansion in any market as demand for its colourful plastic bricks remains unaffected by a broader slowdown in the…

Market to climb higher

The FBM KLCI rose for the third week and climbed a fresh one month high as market confidence is starting to see some traction especially from foreign institutions. The index increased 0.5 per cent in a week to 1,701.03 points last Friday on firm volume. Trading volume was firm last week as compared to the […]

5G: How ready are we?

In the global mobile industry, the term ‘5G’ or fifth generation mobile technology is on everyone’s lips as industry players set out to commercially deploy the network, hopefully within the next few years. Whilst 5G is tauted as the next level that will being about a ‘technological revolution’ as some analysts put it, in emerging […]

Stocks falter on trade tensions, Brexit, US shutdown

LONDON, Jan 17 — Stock markets retreated today, with US-China tensions, Brexit worries and a lingering US government shutdown taking their toll to a greater or lesser degree across the world’s trading platforms. The pound recovered against both…

Stocks tripped by earnings angst, sterling huddled for Brexit vote

LONDON, Jan 15 — Spluttering noises from Germany and an earnings miss from banking giant JP Morgan dragged back stocks today, while Britain's pound hovered near a two-month high ahead of a crucial parliamentary vote on Brexit. Most European…

Pound hits seven-week high on eve of vital Brexit vote

LONDON, Jan 14 — The British pound today hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote which she is expected to lose, dealers said. Sterling bounced as high as…

UK new car sales record biggest fall since financial crisis

LONDON: British new car sales in 2018 fell at their fastest rate since the global financial crisis a decade ago, hit by a slump in demand for diesel, stricter emissions rules and waning consumer confidence due to Brexit, according to an industry body. Demand dropped by nearly 7 per cent last year to 2.37 million […]

UK new car sales slump ahead of Brexit ‘existential threat’

LONDON, Jan 7 — British new car sales in 2018 fell at their fastest rate since the global financial crisis a decade ago, hit by the collapse in demand for diesel, as the industry body warned of the existential threat to the sector posed by Brexit….