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Affin Hwang downgrades PetChem to 'Sell', slashes TP
KUALA LUMPUR: Petronas Chemicals Group Bhd could be seeing further downside risk owing to potential start-up losses in the Pengerang RAPID plant, says Affin Hwang Capital research.
Fed’s Powell signals comfort with current interest-rate stance
Central bank chairman calls on policy makers to address rising deficits so Congress can better counteract a future downturn
Analysts: Third quarter GDP likely to have slowed
PETALING JAYA: Gross domestic product (GDP) growth in the third quarter is likely to have slowed due to weaknesses in supply side data and in line with a synchronised global slowdown, according to economists from two research houses.
RAM Rating keeps outlook on most sectors stable
KUALA LUMPUR: RAM Rating Services Bhd has kept the outlook on most of the sectors under its coverage as stable despite challenges such as decelerating economic growth, weak commodity prices and highly uncertain global trade conditions following the protracted US-China trade spat.
Asian airlines cancel annual gathering as Hong Kong violence escalates
(Reuters) - A group of Asian airlines cancelled an annual gathering of their executives next week due to the "unpredictability" of the situation in Hong Kong, they said late on Wednesday.
Cathay Pacific cuts profit guidance for second time amid Hong Kong protests
(Reuters) - Hong Kong's Cathay Pacific Airways Ltd <0293.HK> on Wednesday said the short-term outlook remained "challenging and uncertain" due to anti-government protests in its home market as it lowered its profit guidance for the second time in less than a month.
Kiwi takes flight as New Zealand's central bank surprises by standing pat
SINGAPORE: The New Zealand dollar soared 1% on Wednesday after the country's central bank unexpectedly left interest rates on hold, while most other currencies trod water.
Nissan delivers blow to Renault, warns dividend undecided
TOKYO: Nissan Motor Co. withdrew its dividend outlook and said it’s now undecided on a payout, dealing an unexpected blow to top shareholder Renault SA.
Trump’s big reveal on trade a big letdown
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.
World's energy watchdog is undermining climate change battle, critics say
PARIS (Reuters) - A short walk from the Eiffel Tower, Fatih Birol oversees the world’s energy watchdog, whose analyses of fuel demand have long been viewed as the gold standard by government officials, energy executives and investors.