marc

 
 

Yen steady after BoJ decision, euro weighed by German growth worries

TOKYO, April 25 — The euro steadied against the US dollar today after renewed worries about a growth slowdown in Germany drove it to a 22-month low overnight, while the yen showed little reaction to a Bank of Japan policy decision. The Japanese…


Ex-Nissan boss Ghosn to walk free, again, after court sets bail at US$4.5m

TOKYO, April 25 — Former Nissan Motor Co chairman Carlos Ghosn looked set to walk out of a Japanese detention centre for the second time since his arrest last year on financial misconduct charges, after a Tokyo court today set his bail at US$4.5…


Deutsche Bank handing over Trump loan documents, says source

NEW YORK, April 25 — Deutsche Bank has begun to provide documents on financing for some of President Donald Trump's projects to New York State authorities, a source familiar with the matter told AFP yesterday. In mid-March, New York Attorney…


Ringgit weakens against US dollar in early session

KUALA LUMPUR, April 25 — The ringgit was lower against the US dollar in early trade today on weaker demand for the local note, following the release of favourable economic data in the United States. At 9.07am, the local unit traded at 4.1350/1380…


Asian shares dip, euro weighed by sagging German business morale

TOKYO, April 25 — Asian shares slipped today as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. The euro slumped to a…


S. Korea economy unexpectedly contracts in Q1, worst since global financial crisis

SEOUL, April 25 — South Korea's economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previous quarter's strong pace and as companies slashed…


Microsoft surges toward trillion-US dollar value as profits rise

WASHINGTON, April 25 — Microsoft said profits climbed in the past quarter on its cloud and business services as the US technology giant saw its market value close in on the trillion-US dollar (RM4.125 trillion) mark. Profits in the quarter to…


Tesla promises return to profit in Q3 after first-half losses

NEW YORK, April 25 — Tesla Inc lost US$700 million (RM2.89 billion) in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the…


Wall Street edges lower, energy stocks fall

NEW YORK, April 25 — The S&P 500 slipped yesterday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports. Energy stocks were the…


Boeing reports lower profits amid 737 MAX crisis

NEW YORK, April 24 — Boeing today reported lower first-quarter profits as the global grounding of its 737 MAX plane following two crashes hit earnings. The results are the first since the company entered crisis mode with the March 10 crash of…