Author Archive: Free Malaysia Today

rss feed

Author's Website

Davis: UK won’t pay Brexit bill if no trade deal agreed

Davis: UK won’t pay Brexit bill if no trade deal agreed

LONDON: Brexit Secretary David Davis said Sunday Britain will not honour financial commitments agreed this week with the European Union if they fail to secure a future trade deal, contradicting finance minister Philip Hammond. “No deal means that we won’t be paying the money,” he told the BBC. “It is conditional on an outcome. It […]

December 10, 2017 | By | Reply More
Things you might not know about ballistic bitcoin

Things you might not know about ballistic bitcoin

How many are there? Bitcoin’s supply is limited to 21 million – a number that is expected to be reached around the year 2140. So far, around 16.7 million bitcoins have been released into the system, with 12.5 new ones released roughly every 10 minutes via a process called “mining”, in which a global network […]

December 10, 2017 | By | Reply More
Bangladesh minister says wants to ‘wipe out’ Manila bank for heist role

Bangladesh minister says wants to ‘wipe out’ Manila bank for heist role

Bangladesh minister says wants to ‘wipe out’ Manila bank for heist role Reuters DHAKA: Bangladesh’s finance minister said late on Saturday he wanted to “wipe out” a Philippines bank that was used to channel US$81 million stolen from the Bangladeshi central bank’s account with the Federal Reserve Bank of New York last year. Abul Maal […]

December 10, 2017 | By | Reply More
After bitcoin’s wild week, traders brace for futures launch

After bitcoin’s wild week, traders brace for futures launch

NEW YORK: The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading. The first bitcoin future <0#XBT:> trades are set to kick off at 6 p.m. EST (2300 GMT) on Cboe […]

December 10, 2017 | By | Reply More
Bitcoin futures launch sparks excitement, warnings

Bitcoin futures launch sparks excitement, warnings

NEW YORK: Bitcoin will make its debut on a major exchange Sunday, a landmark for the cryptocurrency that has generated enthusiasm among some investors and more than a little anxiety from others. The Cboe Futures Exchange in Chicago will open trading in bitcoin futures at 2300 GMT on Sunday, a move that is expected to […]

December 10, 2017 | By | Reply More
Strong US job growth in November bolsters economy’s outlook

Strong US job growth in November bolsters economy’s outlook

WASHINGTON: U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate. Nonfarm payrolls rose by 228,000 jobs last month amid broad gains in hiring as […]

December 10, 2017 | By | Reply More
Trump says fines against Wells Fargo could be increased

Trump says fines against Wells Fargo could be increased

The Republican president has pledged to roll back rules put in place under his Democratic predecessor Barack Obama that put Wall Street on a tighter leash after the 2007-09 financial crisis. WASHINGTON/NEW YORK: President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells […]

December 10, 2017 | By | Reply More
VW executive convicted in US may seek transfer to Germany

VW executive convicted in US may seek transfer to Germany

BERLIN: Volkswagen executive Oliver Schmidt, convicted in the United States this week for his role in the German carmaker’s emissions scandal, may ask to serve his prison sentence in Germany, German weekly Welt am Sonntag reported, citing sources close to Schmidt. The paper said such a request would have to be approved by the U.S. […]

December 10, 2017 | By | Reply More
Lebanon: Arabs should consider economic sanctions on US over Jerusalem

Lebanon: Arabs should consider economic sanctions on US over Jerusalem

CAIRO: Lebanon’s Foreign Minister Gebran Bassil said on Saturday that Arab nations should consider imposing economic sanctions against the United States to prevent it moving its embassy in Israel to Jerusalem. “Pre-emptive measures (must be) taken against the decision … beginning with diplomatic measures, then political, then economic and financial sanctions,” Bassil said at a […]

December 10, 2017 | By | Reply More
South Korea’s Hyundai says faces headwinds from weaker yen next year

South Korea’s Hyundai says faces headwinds from weaker yen next year

SEOUL: South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp. next year, a Hyundai Motor think tank said. The fall in the yen will intensify competition in major markets, such as China and the United States, where overall demand is expected to shrink in 2018, […]

December 10, 2017 | By | Reply More