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Global stocks mixed amid worries over China, Italy

Global stocks mixed amid worries over China, Italy

Amidst Italy’s budget dispute and China’s slow growth, global bourses finished mixed. (AFP pic) NEW YORK: An early rally on Wall Street fizzled Friday as global bourses finished mixed amid a range of worries that included Italy’s messy budget dispute with Brussels and slowing Chinese growth. US stocks opened strongly following good earnings reports from […]

October 20, 2018 | By | Reply More
IMF reaches deal with Ukraine on new US$4 bn, 14-month loan

IMF reaches deal with Ukraine on new US$4 bn, 14-month loan

The agreement must be approved by the IMF board, which will come later in the year after authorities in Kiev approve a 2019 budget. (AFP pic) WASHINGTON: The International Monetary Fund announced Friday it had reached an agreement with Ukraine on economic policies that would unlock a new loan deal that will provide nearly US$4 […]

October 20, 2018 | By | Reply More
Google to charge Android partners up to US$40 per device for apps

Google to charge Android partners up to US$40 per device for apps

The fee can be as low as US$2.50 and rises depending on the country and device size, the person said. (AFP pic) SAN FRANCISCO: Alphabet Inc’s Google will charge hardware firms up to US$40 per device to use its apps under a new licensing system to replace one that the European Union this year deemed […]

October 19, 2018 | By | Reply More
EU, Singapore sign free trade deal

EU, Singapore sign free trade deal

The text still needs to be validated by the European Parliament before it enters into force in 2019. (AFP pic) BRUSSELS: The European Union and Singapore signed a landmark trade deal on Friday on the sidelines of a Europe-Asia summit that Brussels hopes can be a rebuke to protectionism in Washington. Singapore Prime Minister Lee […]

October 19, 2018 | By | Reply More
UK PM reassures business leaders over Brexit

UK PM reassures business leaders over Brexit

Britain’s Prime Minister Theresa May, pictured Oct 17, 2018, held a conference call to reassure representatives of more than 130 British firms after a summit in Brussels produced no tangible progress on the Brexit process. (AFP pic) LONDON: Prime Minister Theresa May took pains on Friday to reassure more than 130 British business leaders that […]

October 19, 2018 | By | Reply More
Germany orders recall of 73,000 Opel diesels

Germany orders recall of 73,000 Opel diesels

Germany orders recall of 73,000 Opel diesels (AFP pic) FRANKFURT: Germany’s KBA transport authority said Friday it had ordered carmaker Opel to recall 73,000 diesel vehicles worldwide that were configured to fool regulatory emissions tests. The authority “ordered an obligatory recall on October 17” for Opel Insignia, Cascada and Zafira diesels meeting the latest Euro […]

October 19, 2018 | By | Reply More
Daimler cuts 2018 profit forecast on diesel woes

Daimler cuts 2018 profit forecast on diesel woes

Daimler manufactures Mercedes-Benz and Smart cars but it was recently forced to recall more than 770,000 diesel cars across Europ (AFP pic) FRANKFURT: German luxury automaker Daimler on Friday again cut its profit outlook for 2018, warning that costs related to polluting diesel engines would drag down earnings. The Mercedes-Benz maker, which this year had […]

October 19, 2018 | By | Reply More
Procter & Gamble’s profits rise despite currency drag

Procter & Gamble’s profits rise despite currency drag

  Procter & Gamble saw a jump in profits in the most recent quarter, but is seeing rising costs and a hit from the stronger US dollar (AFP pic) NEW YORK: Consumer goods giant Procter & Gamble plans more price hikes on several consumer products due to increasing material costs and the strong dollar, the […]

October 19, 2018 | By | Reply More
Merkel calls for free trade as EU, Asia meet

Merkel calls for free trade as EU, Asia meet

German Chancellor Angela Merkel’s latest government has struggled through one crisis after another. (AFP pic) BRUSSELS: German Chancellor Angela Merkel issued a rallying call for free trade Friday as EU and Asian leaders met to unite in defiance of US President Donald Trump’s “America first” approach. As disputes fester with Washington, the EU wants to […]

October 19, 2018 | By | Reply More
Nazrul Izam appointed Felcra Berhad CEO

Nazrul Izam appointed Felcra Berhad CEO

Mohd Nazrul Izam Mansor (Right). KUALA LUMPUR: Former managing director of Teras Dara Konsortium Sdn Bhd, Mohd Nazrul Izam Mansor, has been appointed as the new Felcra Berhad CEO effective Oct 22. Felcra Berhad chairman Nageeb Wahab said the appointment of Mohd Nazrul Izam, 43, a trained chartered accountant, was to replace Zulkarnain Md Eusope, […]

October 19, 2018 | By | Reply More