Recent Articles

Solid US job growth leaves Fed on track for interest rate hike

Solid US job growth leaves Fed on track for interest rate hike

WASHINGTON, Aug 8 ― The US economy churned out solid job growth in July that looks likely to leave the Federal Reserve on track for an interest rate increase this year. The economy added 215,000 jobs last month, the Labour Department said yesterday, marking 65 straight months of gains ― the longest streak on record […]

August 8, 2015 | By | Reply More
US stocks fall on worries over cable, Apple shares

US stocks fall on worries over cable, Apple shares

NEW YORK, Aug 8 ― Earnings season began to wind down this week, leaving behind a cloud of unease over battered cable and media stocks and the big decline in Apple shares. The Dow Jones Industrial Average finished the week down 316.48 points (1.79 per cent) at 17,373.38. The broad-based S&P 500 fell 26.27 (1.25 […]

August 8, 2015 | By | Reply More
Despite solid US jobs report, dollar falls against euro, yen

Despite solid US jobs report, dollar falls against euro, yen

NEW YORK, Aug 8 ― The dollar fell against the euro and the yen yesterday, despite a solid US jobs report that raised expectations that the Federal Reserve will soon lift interest rates. The dollar initially rose after the report, which said the US economy added 215,000 jobs in July and that unemployment held steady […]

August 8, 2015 | By | Reply More
Twitter board to consider shakeup, may involve Costolo exit

Twitter board to consider shakeup, may involve Costolo exit

SAN FRANCISCO, Aug 8 ― Twitter Inc’s board is a considering a shakeup that may involve the departure of former Chief Executive Officer Dick Costolo, people with knowledge of the matter said. The changes, which could be announced when the company names a permanent CEO, are aimed at making the group of directors more diverse, […]

August 8, 2015 | By | Reply More
Top Wall Street banks believe Fed hike only once in 2015, says poll

Top Wall Street banks believe Fed hike only once in 2015, says poll

< NEW YORK, Aug 8 ― Top Wall Street banks still expect the Federal Reserve to raise interest rates in September, but a growing number now believe the central bank is likely to only hike once this year, a Reuters poll found yesterday. Thirteen of 19 primary dealers, or the banks that deal directly with […]

August 8, 2015 | By | Reply More
Berkshire’s Q2 profit falls 37pc on investment, insurance slump

Berkshire’s Q2 profit falls 37pc on investment, insurance slump

NEW YORK, Aug 8 ― Warren Buffett’s Berkshire Hathaway Inc said yesterday its second-quarter profit fell 37 per cent, reflecting a significant decline in investment gains and an underwriting loss from insurance. Net income for the Omaha, Nebraska-based insurance and investment company fell to US$4.01 billion (RM15.76 billion), or US$2,442 per Class A share, from […]

August 7, 2015 | By | Reply More
Improving US jobs market bolsters case for Fed rate hike

Improving US jobs market bolsters case for Fed rate hike

WASHINGTON, Aug 7 — US employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could open the door wider to a Federal Reserve interest rate hike in September. Nonfarm payrolls increased 215,000 last month as a pickup in construction […]

August 7, 2015 | By | Reply More
Fitch says Iraq at risk of default, rates it B–

Fitch says Iraq at risk of default, rates it B–

BAGHDAD, Aug 7 — Fitch Ratings graded Iraq today as being at risk of default due to insecurity, financial difficulties and poor governance, in its first rating of the country. The Islamic State group overran large areas of Iraq last year and the country is still battling to regain ground, while lower oil prices have […]

August 7, 2015 | By | Reply More
China forex reserves fall to US$3.65t in July, reports Xinhua

China forex reserves fall to US$3.65t in July, reports Xinhua

BEIJING, Aug 7 — China’s foreign exchange reserves, the world’s largest, fell to US$3.65 trillion (RM14.4 trillion) at the end of July, the official news agency Xinhua reported today, adding that it was the third consecutive monthly decrease. July’s fall amounted to US$42.5 billion, it said, citing an announcement by the People’s Bank of China […]

August 7, 2015 | By | Reply More
New Insureon microsite equips photographers and videographers to thrive in competitive industry

New Insureon microsite equips photographers and videographers to thrive in competitive industry

Photovideo.insureon.com offers risk management resources to improve the odds for the 85% of independent photographers who go out of business within three years.   Chicago, Aug 7: Insureon, an online provider of insurance for small and micro businesses, yesterday announced the launch of photovideo.insureon.com, a microsite containing resources to help photography and videography business owners […]

August 7, 2015 | By | Reply More