pacific

 
 

Asia stocks capped, US dollar droops following Trump comments

TOKYO, Aug 21 — Asian stocks were capped and the US dollar dipped today after US President Donald Trump accused China and Europe of manipulating their currencies and said he was “not thrilled” with the Federal Reserve for hiking interest…


PetChem monitors impact of US-China trade war

KUALA LUMPUR: Petronas Chemicals Group Bhd is currently monitoring the impact of the escalating trade war between the United States and China on the petrochemical industry. Managing director/chief executive officer Datuk Sazali Hamzah pointed out that there is no serious threat to the industry at the moment. “Our business is still as usual. But we […]


KFC, Pizza Hut to grow delivery through partnership with foodpanda

KUCHING: QSR Brands (M) Holdings Bhd (QSR Brands), the region’s largest quick service restaurant operator, with over 1,080 KFC and Pizza Hut restaurants in Malaysia, yesterday announced its partnership with foodpanda, the country’s leading on-demand delivery service provider. The partnership aligns with QSR Brands’ customer-centric strategy to create greater service accessibility for its customers to […]


Shares climb on hopes for US-China trade talks, Turkish lira falls

LONDON, Aug 20 — Global stocks rose today amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the US embassy in Ankara….


PetChem monitors potential impact of US-China trade war

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KUALA LUMPUR: Petronas Chemicals Group Bhd is currently monitoring the impact of the escalating trade war between the United States and China on the petrochemical industry. Managing Director/Chief Executive Officer Datuk Sazali Hamzah pointed out that there is no serious threat to the industry at the moment. “Our business is still as usual. But we are closely monitoring the situation, the trade war between China and the US. In the long term, it is not as good as it may impact some of the industrial growth in China. The industry will normaliseRead More


Asia shares inch up with yuan, wary on Sino-US talks

SYDNEY, Aug 20 — Asian share markets crept cautiously higher today as investors awaited developments on proposed Sino-US trade talks and the Chinese yuan rallied away from dangerous lows. MSCI’s broadest index of Asia-Pacific shares outside…


Asia shares inch up, cautious on Sino-US trade talks

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SYDNEY, Aug 20 — Asian share markets crept cautiously higher today as investors awaited developments on proposed Sino-US trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira for any new signs of strain. MSCI’s broadest…


Trade war puts new strains on America Inc’s factories in China

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SHENZHEN, Aug 20 — Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing centre of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to…


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 […]


Malaysian stocks rebound as PM takes off for China

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KUALA LUMPUR (Aug 17): Malaysian stocks closed higher today with the FBM KLCI up 6.2 points or 0.35% at 1,783.47 points, but underperforming its regional peers as investors here remained in profit-taking mode. “The big event to watch out for next week will be the prime minister’s official visit to China,” TA Securities senior technical analyst Stephen Soo told theedgemarkets.com. He opined that the market is likely to continue trading sideways as investors await signals from the visit, amid global economic concerns. “The momentum going forward may be softer, withRead More