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US Treasuries signal trouble, stocks fall on global growth worries

NEW YORK, March 23 — Stocks around the world fell and US Treasuries yields sent warning signals for a possible recession today after weaker-than-expected US and European data intensified fears of a global economic slowdown. After weak US…


Doubts increase that Q1 will be earnings low point

NEW YORK, March 23 — As Wall Street braces for what may be the first US profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. In the immediate term, markets could be roiled depending on what or if…


After Trump barbs, GM announces US$1.8b investment, new jobs

NEW YORK, March 22 — Facing a barrage of attacks from President Donald Trump over plant closures, General Motors announced today a US$1.8 billion investment and the creation of 700 new jobs in the United States. About US$300 million will be geared…


US stocks head south on economic fears

NEW YORK, March 22 — US stocks fell into the red early today, putting Wall Street on track to finish the week on a weak note as investors absorbed sombre news about the global economy. The negative open threatened to wipe out the week’s gains on…


Chinese investment in Europe: A story of cash and concerns

PARIS, March 22 — Chinese firms have ploughed at least €145 billion (RM665 billion) into Europe since 2010, but investment has been slowing recently as several European governments tighten rules on acquisitions by foreign firms. As President Xi…


Pound rises on Brexit delay; economic gloom hits European stocks

LONDON, March 22 — Sterling rose further today after Brussels gave Britain a Brexit deadline extension, but stocks dived as fresh economic gloom gripped trading floors. European equities tanked and the euro sank under US$1.13 as poor eurozone…


Genting to sell entire stake in London subsidiary for GBP34.6m

KUALA LUMPUR, March 22 — Genting Malaysia Bhd’s (GENM) indirect wholly-owned subsidiary, Genting UK Plc is disposing of its entire equity interest in London-based company Coastbright Limited for GBP 34.6 million (RM185.0 million). In a filing…


China protests US sanctions on shipping firms

BEIJING, March 22 — China has lodged a diplomatic protest with the United States after Washington sanctioned two Chinese shipping companies for doing business with North Korea, the foreign ministry said today. Beijing said it has consistently…


Sterling recovers as Britain’s May gets “last chance” for orderly Brexit

LONDON, March 22 — Britain’s pound held above US$1.31 today after recovering overnight when European Union leaders gave Prime Minister Theresa May a two-week reprieve, until April 12, to decide how to leave the European Union. Sterling had…


London stocks sag after deal to delay Brexit

LONDON, March 22 — London equities slipped at the open today but Frankfurt and Paris rose, after the European Union gave Britain a last-gasp Brexit deadline extension deal. In initial deals, London’s benchmark FTSE 100 index fell 0.2 per cent to…