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CPO prices seen to remain stable
PETALING JAYA: Crude palm oil (CPO) prices are expected to remain stable, at least until the first half of next year, pending any official announcements from India.
Can US consumers hold up the world economy?
Much has been touted lately on the strength of the US consumer but for how long can this so-called last leg of the economy hold up and buffer the world economy?
Negative rates forever? Central bankers look for exit
WASHINGTON: The world’s most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own.
Fed leaves October cut on table, and questions about what’s next
WASHINGTON: Federal Reserve officials have said little to take a third straight interest-rate cut off the table when they meet this month.
Johnson will ask for Brexit delay after losing parliament vote -EU official
LONDON (Reuters) - Boris Johnson will send a letter on Saturday requesting a further extension to Britain's departure from the European Union, an EU official said, with the British prime minister obliged to ask for a delay after losing a vote in parliament.
Boeing, J&J, dismal China data drag Wall Street lower
NEW YORK: Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.
IMF chief hails progress in China-US trade talks
WASHINGTON: International Monetary Fund (IMF) managing director Kristalina Georgieva hailed the progress made in the latest round of China-US trade talks as “extremely good news, ” urging the world to grasp the opportunity to achieve “a trade peace”.“I was encouraged by last week’s announcements from the US and China, ” Georgieva said at the opening press conference of the IMF-World Bank Annual Meetings in Washington.
World Bank: Nations can learn from China’s poverty relief
BEIJING: China’s expertise in poverty relief offers lessons for developing countries as the world faces an uphill struggle to eliminate extreme poverty globally by 2030, a World Bank official said.
Domino’s Pizza to exit foreign markets
LONDON: Domino’s Pizza Group Plc, Britain’s biggest pizza delivery company, says it will quit its loss-making international operations, sending shares higher in early trade.
Oil price rises on hopes OPEC will extend supply cuts, weaker US$
HOUSTON: Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.