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Reach Energy 'hold', Axiata 'buy'

HLIB Research analysts returned from a meeting with Reach Energy management with slightly better outlook premising on higher production in the second half of financial year 2018 (2H18) led by ESP upgrades and NK-1 & NK-2 trial production along with cost savings from logistic improvement via a new oil terminal.

US gives China’s rare earths reprieve

BEIJING: The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on US$200bil of Chinese goods, underscoring its reliance on China for the strategic minerals.

China is the world’s largest producer of rare earths and the biggest supplier to the United States, according the US Geological Survey.

US stock futures drop after Trump slaps new tariffs on China

TOKYO: U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S. tariffs on about US$200 billion worth of Chinese imports

S&P500 E-mini futures dropped 0.35 percent in early trade.  That came after all three major U.S. indexes dropped on Monday, with the tech-heavy Nasdaq posting its biggest percentage loss since late July.

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