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US shutdown unlikely to harm debt rating: Fitch

US shutdown unlikely to harm debt rating: Fitch

WASHINGTON: A possible shutdown of the US federal government at midnight Friday amid a congressional deadlock on spending would have no immediate effect on America’s sovereign debt rating, ratings agency Fitch said. The prospect of a partial shutdown of US government operations, the first in more than four years, grew increasingly likely on Friday afternoon […]

January 20, 2018 | By | Reply More
US 'erred' in supporting WTO membership for China, Russia: USTR

US 'erred' in supporting WTO membership for China, Russia: USTR

WASHINGTON: China and Russia have shown no intention of living up to World Trade Organization rules and Washington should not have supported their membership in the global trade body, the Trump administration said Friday. In strongly worded reports to Congress, the US Trade Representative delivered a laundry list of grievances over unfair trade practices by […]

January 20, 2018 | By | Reply More
WTO gives US deadline to fix anti-China practices

WTO gives US deadline to fix anti-China practices

GENEVA: A World Trade Organization arbitrator on Friday gave Washington until August 22 to implement a prior ruling faulting the anti-dumping measures taken against Chinese products. The WTO’s Dispute Settlement Body ruled last May that some of the US anti-dumping practices were inconsistent with international trade rules. Arbitrator Simon Farbenbloom said in a report that […]

January 20, 2018 | By | Reply More
Global stocks rise, shrugging off US shutdown fears

Global stocks rise, shrugging off US shutdown fears

NEW YORK: Global stock markets rose on Friday, with major Wall Street indices ending at all-time records, as investors shrugged off a looming shutdown of the US government. The S&P and Nasdaq both finished at all-time highs, while the Dow also gained. Leading bourses in Europe and Asia advanced, while the dollar recovered some of […]

January 20, 2018 | By | Reply More
Market cautious ahead of Bank Negara's MPC meeting next week

Market cautious ahead of Bank Negara's MPC meeting next week

KUALA LUMPUR: Investors and and money-market players are cautious ahead of the BNM’s Monetary Policy Committee (MPC) meeting next week which may decide to raise the Overnight Policy Rate (OPR), which currently stood at three per cent. Market rumours are rife that the central bank may raise the OPR by 25 basis points (bps) to […]

January 20, 2018 | By | Reply More
Ringgit to trade firmer against US dollar next week

Ringgit to trade firmer against US dollar next week

KUALA LUMPUR: The ringgit is likely to remain firm against the US dollar as part of the build up to the highly anticipated Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) decision at the end of next week. Market rumours are rife that the BNM’s Monetary Policy Committee (MPC) meeting next week may raise the […]

January 20, 2018 | By | Reply More
Bursa Malaysia to continue upward momentum next week

Bursa Malaysia to continue upward momentum next week

KUALA LUMPUR: Bursa Malaysia is expected to continue its positive momentum next week, driven by a stronger ringgit, firmer oil price, strong global economic outlook, and better corporate earnings, a dealer said. Affin Hwang Investment Bank Vice-President/Head of Retail Research Datuk Dr Nazri Khan Adam Khan said the global economic outlook is looking good so […]

January 20, 2018 | By | Reply More
Battersea Power Station, a future happening place: PNB chairman Wahid

Battersea Power Station, a future happening place: PNB chairman Wahid

KUALA LUMPUR: Pemodalan Nasional Berhad (PNB) group chairman Tan Sri Abdul Wahid Omar debunks sceptics on the potential acquisition of Phase 2 of the Battersea Power Station (BPS) project, stating that it has all the makings of a future hotspot for London. “This is potentially the ‘future happening place’ in London,” he said in response […]

January 20, 2018 | By | Reply More
McDonald’s ‘joint employment’ trial delayed amid settlement talks

McDonald’s ‘joint employment’ trial delayed amid settlement talks

NEW YORK: McDonald’s Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that began in 2015. Administrative Law Judge Lauren Esposito in Manhattan said that even though […]

January 20, 2018 | By | Reply More
An Approach to Big Data

An Approach to Big Data

Driving transformative change in the pharmaceuticals sector By Jason Bissell, General Manager of Asia Pacific and Japan, Talend Calvin Hoon, Regional VP of Sales, Asia Pacific, Talend Big pharma has long focused on the lucrative business of drug development, supported by armies of sales people deployed to persuade physicians to choose its medicines. But emerging digital technologies are […]

January 20, 2018 | By | Reply More