SINGAPORE – Current car export processes are being reviewed to ensure de-registered cars are scrapped or exported as declared, the Land Transport Authority (LTA) revealed, following its seizure in June of 120 de-registered cars that had not been dealt with as stated. The LTA has consulted “selected agencies and industry partners” since early this year […]
LONDON (Reuters) – European shares tumbled on Monday when a profit warning from online fashion retailer ASOS sent retail stocks into nose-dive as investors fretted that consumers were failing to deliver the traditional pre-Christmas spending boost to markets. Euro zone stocks .STOXXE were down 1 percent while Germany’s DAX .GDAXI fell 0.8 percent and Britain’s […]
(Reuters) – As U.S. bank stocks tanked this month over fears of an impending recession, industry executives downplayed concerns to colleagues, analysts and journalists, arguing that the economy is in great shape. But looking behind headline numbers showing healthy loan books, problems appear to be cropping up in areas such as home-equity lines of credit, […]
(Reuters) – Mexico’s new leftist government unveiled on Saturday its proposed budget for 2019, an announcement that was regarded as avoiding major surprises and preaching fiscal discipline in Latin America’s No. 2 economy. Investors are closely scrutinizing details of the budget due to questions about the economic competence of Andres Manuel Lopez Obrador, whose performance […]
KUALA TERENGGANU • Malaysia’s weatherman has warned of strong north-easterly winds and rough seas in the waters off the east coast of Peninsular Malaysia and off the East Malaysia states during the current monsoon season. Meanwhile, parts of Terengganu state were inundated with floods last Saturday and yesterday, causing evacuations in several districts. The Malaysian […]
(Reuters) – Japanese healthcare firm Taisho Pharmaceutical Holdings Co Ltd (4581.T) is said to be close to a $1.6 billion deal for Bristol-Myers Squibb Co’s (BMY.N) French over-the-counter drugs business UPSA, Bloomberg reported on Sunday, citing sources familiar with the matter. An agreement for the consumer-health business could be announced as soon as this week, […]
SINGAPORE – A fire broke out at a single-storey furniture warehouse in Sungei Kadut early on Monday (Dec 17). The Singapore Civil Defence Force (SCDF) said that it was alerted to the fire at about 3am. Upon arriving at 31 Sungei Kadut Street 2, it found the warehouse fully engulfed in flames. “SCDF resources were […]
US senators backed measure accusing MBS of ordering Khashoggi’s murder, urged end to support for Saudi-led Yemen war. Saudi Arabia has denounced as “blatant interference” a resolution by the US Senate accusing the kingdom’s crown prince of ordering the murder of journalist Jamal Khashoggi and calling for an end to Washington’s military support for a Riyadh-led war in […]
KUALA LUMPUR – Malaysia’s second largest bank CIMB on Monday (Dec 17) denied that it suffered a security breach after several customers complained on social media over the weekend that their accounts had been hacked. In a statement, the bank assured its customers that the site remains secure and all transactions are protected. “The bank […]
SYDNEY (Reuters) – Australia’s government on Monday forecast the strongest budget outlook in 10 years, arming embattled Prime Minister Scott Morrison with a war chest which could fund possible tax cuts ahead of an early 2019 election which he is forecast to lose.Treasurer Josh Frydenberg said Australia’s budget deficit for the fiscal year to June […]