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GM warns workers in Brazil on tough turnaround plan

SAO PAULO: General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters.

Fed policymakers leave little doubt: Rate hikes can wait

SOMERSET, N.J./SAN FRANCISCO: Patience" is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates - at least for a while.

Fed Chair Jerome Powell(pic first used the word "patient" to describe his approach to monetary policy early this month, in words that soothed financial markets after months of volatility.  This week seven other policymakers followed Powell in embracing a "patient" approach or otherwise signaling an inclination to pause the cycle of rate hikes.

Oil price up 3% on Opec plan details, US-China trade hopes

NEW YORK: Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on signals of progress in resolving the U.S.-China trade war.

Futures were on track for a third straight week of gains, with Brent crude up $1.64 to $62.82 a barrel, or 2.7 percent, at 11:06 a.m. EST (1606) GMT. U.S. West Texas Intermediate (WTI) crude futures were up $1.70 to $53.77 a barrel, or 3.3 percent.

Improved sentiment pushes FBM KLCI up

REVIEW: The consolidation phase may be brief as the investment community received yet more good news on a trade resolution.

People the biggestfactor in stock picking

AFFIN Hwang Asset Management Bhd director of equities strategy and advisory Gan Eng Peng is known for his high conviction, bottoms-up approach to stock picking that emphasises strong business models with quality management combined with the need for yearly income generation.

Gan Eng Peng, Director of Equity Strategies & Advisory, Affin Hwang Asset Management

Russian roulette behind the wall of chaos

TWO years after the election of Trump and the UK referendum on Brexit, we have the bizarre events of a US government shutdown over the building of a wall with Mexico, and the UK Prime Minister overwhelmingly rejected on her proposals for Brexit.

Oil set for longest weekly rally since October

SEOUL: Oil headed for its longest weekly rally in three months on expectations that production cuts by Opec and resilient fuel demand will keep global markets in balance.

Japan Inc profits under siege

TOKYO: Two prominent Japanese electronics and equipment makers warned of profit declines over the past week due to the impact of the US-Sino trade war, stoking worries of widespread cuts to corporate earnings forecasts and a hit to economic growth.