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MARKETS were widely anticipating that President Donald Trump would use his speech to the Economic Club of New York on Tuesday to trumpet progress on reaching the first phase of a trade deal with China.
BERLIN (Reuters) - Germany needs massive investments in infrastructure and the government should be prepared to make them even if it means running a budget deficit, aspiring Social Democrat (SPD) leader Norbert Walter-Borjans said on Tuesday.
KUALA LUMPUR: AmInvestment Research is maintaining its ‘buy’ call on Berjaya Food (BFood) but with a lower fair value (FV) of RM1.57 versus RM1.95 a share previously.The research house reduced the company’s full-year earnings forecast for FY20F, FY21F and FY22F by 21.4%, 17.9% and 13.0% respectively.
NEW YORK: Traders and bankers hoping a better-than-expected third quarter would boost their year-end pay are likely to be disappointed.
SINGAPORE: Insurer FWD Group has agreed to acquire a unit of Vietcombank, Vietnam’s largest listed lender by market value, and forge an exclusive 15-year bancassurance tie-up with the bank, in a deal which one source said is valued at about US$400mil.
NEW YORK: It’s better to give than to receive, the saying goes. But to give, receive an immediate tax deduction and then dole out charitable dollars at your leisure is even better, judging by a recent report.
TOKYO: In a disappointing third quarter earnings season for Japan Inc, one prominent theme is that moves in the yen have been a particular headache.A total of 438 Tokyo-listed companies have cut their full-year earnings guidance, according to data compiled by Bloomberg. Fifty-six of them announced a change to their currency expectations in addition to their lowered profit forecasts.
SHANGHAI: Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world’s largest shopping festival, with brands such as L’Oreal and Nestle among the biggest winners, Alibaba data showed.
A letter from TAN EE WAH, Mentakab, Pahang.
XINING: There’s a building boom on the Tibetan plateau, one of the world’s last remote places. Mountains long crowned by garlands of fluttering prayer flags are newly topped with sprawling steel power lines. At night, the illuminated signs of Sinopec gas stations cast a red glow over newly built highways.