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'Wake up', Macron will tell Europe in major pre-Brexit speech

PARIS: French President Emmanuel Macron will describe Brexit as a wake-up call in a speech in coming weeks in which he will outline how Europe must be more assertive in the face of rival world powers, sources close to Macron said.

His words are intended as a "warning shot" for a continent unable to project power and defend itself, said aides who described the speech as Macron's most important since he spoke at the Sorbonne University in Paris in September 2017 urging fundamental reform of the European Union.  "This is a critical time," a source close to Macron told Reuters. "If we Europeans don't want to have other Brexits and become trapped in a naive defence of status quo, we have to wake up."(File pic shows Macron (left) and British Prime Minister Theresa May0

World stocks lifted to 2 1/2-month highs by trade optimism

London: Hopes for progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2 1/2- month highs on Monday, though European gains were held back by concern over the outlook for auto makers.

MSCI's All-Country World Index rose 0.4 percent after Japan's Nikkei closed up 1.8 percent at its high for the year and MSCI's index of Asian equities rose almost 1 percent. Shanghai blue chips surged 2.7 percent to their highest finish in more than six months.  Wall Street futures suggested that U.S. stocks would maintain last week's gains when trading starts again on Tuesday, after Monday's holiday.  The Dow and the Nasdaq had boasted eight consecutive weeks of gains on wagers the United States and China can resolve their protracted trade dispute.

EPF: Can't be 'too adventurous' in a challenging 2019

KUALA LUMPUR: Uncertainties worldwide will be the new norm as businesses adjust into 2019, and as far as the Employees Provident Fund (EPF) is concerned, it is not a time for it to be “too adventurous.”

Stressing that the EPF is a long-term fund, CEO Tunku Alizakri Alias said that when markets head south, the EPF comes out to hunt.  “Don’t think because markets are bad, it’s necessarily a bad thing.  “It’s going to be challenging this year so let’s stick to what we know and let’s really hunt for the assets that will bring the returns."

Petronas Gas FY18 net profit weighed by Kimanis Power

KUALA LUMPUR: Petronas Gas Bhd posted a marginal increase in its net profit of RM1.81bil in the financial year ended Dec 31, 2018 as it was weighed down by share of losses from a joint-venture company, Kimanis Power Sdn Bhd.

evenue increased by 12.3% to a historic high of RM5.498bil from RM4.896bil driven by successful full year operations of the group’s LNG Regasification Terminal in Pengerang.

Maxis names Gökhan Ogut CEO

KUALA LUMPUR: Maxis Bhd has appointed Gökhan Ogut as chief executive officer (CEO) to take office on May 1, 2019.