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Deutsche Bank is said to weigh retrenchment in US equities

Deutsche Bank is said to weigh retrenchment in US equities

A decision could come as early as this week. An ATM sign. (Bloomberg pic) FRANKFURT: Deutsche Bank AG is considering extensive cuts to its cash equities business in the US as part of a wider restructuring of its investment bank, according to people familiar with the matter. A decision could come as early as this […]

April 23, 2018 | By | Reply More
China fund managers slash ZTE valuation after US sanction

China fund managers slash ZTE valuation after US sanction

Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival. The logo of China’s ZTE Corp is seen on a building in Nanjing, Jiangsu province, China.(Reuters pic) SHANGHAI: Chinese funds have […]

April 23, 2018 | By | Reply More
Small caps, the one group not profiting from Malaysia’s stock rally

Small caps, the one group not profiting from Malaysia’s stock rally

The FTSE Bursa Malaysia Small Cap Index has dropped 14% this year, its worst start to the year since 2008. After a stellar 16% rally last year, small-cap stocks in Malaysia have had a rough start to 2018 as investors switch to defensive blue chips ahead of the 14th general election next month. The FTSE […]

April 23, 2018 | By | Reply More
China’s ZTE seeks resolution of US export ban

China’s ZTE seeks resolution of US export ban

ZTE says it has set up a compliance management committee led by its CEO. BEIJING: China’s ZTE is seeking a resolution to a US ban on selling it parts and software that it has said threatens its survival. ZTE “has learnt from its past experiences on export control compliance and attaches significant importance to the […]

April 22, 2018 | By | Reply More
Door to US-China trade talks seems to open after IMF meeting

Door to US-China trade talks seems to open after IMF meeting

The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations. Christine Lagarde (centre) looks on during the group photo at the IMF/World Bank spring meeting in Washington..(AFP pic) WASHINGTON: The gathering of […]

April 21, 2018 | By | Reply More
EU, Mexico reach agreement on free trade deal

EU, Mexico reach agreement on free trade deal

Mexico said Saturday they had reached an “agreement in principle” to modernise an existing free trade deal, as the Latin American country faces pressure from protectionist measures threatened by US President Donald Trump. The EU and Mexico released a statement, about an “agreement in principle” over trade, from EU Trade Commissioner Cecilia Malmstrom (L), Mexico […]

April 21, 2018 | By | Reply More
US signals support for increase in World Bank funding

US signals support for increase in World Bank funding

US Treasury Secretary Steven Mnuchin on Saturday signaled Washington would support the World Bank request for a sharp increase in lending capacity in exchange for reforms to curb loans to higher income countries like China. IMFC plenary during the IMF/World Bank spring meeting in Washington.(Reuters pic) WASHINGTON: US Treasury Secretary Steven Mnuchin on Saturday signaled […]

April 21, 2018 | By | Reply More
Telecom standards group puts new technology on hold in wake of U.S. probe

Telecom standards group puts new technology on hold in wake of U.S. probe

A telecommunications standards organization – GSMA – said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless carriers. GSMA flags fly at the Mobile World Congress in Barcelona.(Reuters […]

April 21, 2018 | By | Reply More
Takeda adds more cash in boosting Shire bid over US$60 billion

Takeda adds more cash in boosting Shire bid over US$60 billion

Shire says its board of directors ‘is considering its position with respect to the fourth proposal’. TOKYO: Takeda Pharmaceutical Co sweetened its offer for drugmaker Shire Plc to more than US$60 billion after three prior bids were rejected, wooing investors in the US company with a higher cash component. The Japanese company boosted its offer […]

April 21, 2018 | By | Reply More
South Korea will consider injecting funds into GM Korea

South Korea will consider injecting funds into GM Korea

Finance Minister Kim Dong-yeon says funds not meant to repay debt incurred by carmaker. An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon. (Reuters Pic) SEOUL: South Korea’s government will consider injecting fresh funds into the loss-making South Korean unit of General Motors Co, the Yonhap news agency reported on […]

April 21, 2018 | By | Reply More