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Bursa Malaysia ends mixed on foreign selling

Bursa Malaysia ends mixed on foreign selling

KUALA LUMPUR: Bursa Malaysia finished on a mixed note today due to continued selling, especially by the foreign players, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.13 points to 1,628.80, after moving between 1,620.58 and 1,634.89 throughout the day. Market breadth was, however, positive with gainers led losers by […]

October 2, 2015 | By | Reply More
Ringgit eases against US dollar at close

Ringgit eases against US dollar at close

KUALA LUMPUR: The ringgit closed lower against the US dollar today as traders trimmed position ahead of the weekend while awaiting the release of US job data scheduled later today. At 5 pm, the ringgit was quoted at 4.4100/4180 against the greenback from 4.3990/4020 on Thursday. A dealer said traders attention turned to the job […]

October 2, 2015 | By | Reply More
Air France warns of job cuts after stand-off with pilots

Air France warns of job cuts after stand-off with pilots

PARIS: Air France will announce significant job cuts on Monday after the failure of talks with pilots to boost productivity, the head of parent Air France-KLM told Europe 1 radio on Friday. Air France, like other traditional carriers, faces intense competition from low-cost rivals on regional routes and from Middle East airlines such as Emirates […]

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Job growth, Fed hike expected

Job growth, Fed hike expected

WASHINGTON: U.S. employers likely added jobs at a brisk pace in September, a sign that the labor market is near full strength and could push the Federal Reserve to raise interest rates at one of its two remaining meetings this year. The Labor Department’s monthly employment report, due on Friday at 8:30 a.m. EDT (1230 […]

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QE and the banks revisited

QE and the banks revisited

THE power of central banks over the economy is so great that the debate over the effectiveness of recent policy changes will rumble on for many years. This is all to the good, in a democratic society. But it is important to get the facts right. As my post earlier this week pointed out, the […]

October 2, 2015 | By | Reply More
US regulator extends diesel emissions probe to other car models: FT

US regulator extends diesel emissions probe to other car models: FT

REUTERS: The U.S. regulator that exposed Volkswagen’s rigging of emissions tests is investigating more than two dozen diesel car models made by BMW , Chrysler, General Motors , Land Rover and Mercedes-Benz to find out whether they engaged in similar cheating, the Financial Times reported. The Environmental Protection Agency’s search for software-based “defeat devices” will […]

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Volkswagen's US chief to testify before House panel on October 8

Volkswagen's US chief to testify before House panel on October 8

WASHINGTON: Volkwagen AG’s top U.S. executive will testify on Oct. 8 before a U.S. congressional oversight panel about the German automaker’s emissions cheating scandal involving 11 million vehicles worldwide, a panel spokesman said on Thursday. Michael Horn, president and chief executive of Volkswagen Group of America, will appear before an investigations panel of the House […]

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Fed in focus as jobs data looms

Fed in focus as jobs data looms

LONDON: Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and […]

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Governor Scott awards two businesses with Governor’s Business Ambassador Award

Governor Scott awards two businesses with Governor’s Business Ambassador Award

Tallahassee, Oct 2: The Governor’s Business Ambassador Award is given to individuals and businesses in recognition of their efforts to create jobs and opportunities for Florida families.   Governor Rick Scott said, “I am excited to recognise two successful Florida businesses today (Oct 1) for their hard work to create opportunities for families. We will keep […]

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European automakers ask policymakers for time on emissions

European automakers ask policymakers for time on emissions

BRUSSELS: European carmakers have asked EU policymakers not to over react following the scandal over Volkswagen’s emissions tests, saying the industry needs until 2019 to meet fully some new pollution limits. Volkswagen has admitted cheating in diesel emissions tests in the United States and Germany’s transport minister says it also manipulated them in Europe, where […]

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