|Wednesday, March 29, 2017

Business News

China Southern Airlines to sell US$200 million shares to American Airlines

HONG KONG/SHANGHAI, Mar 28: China Southern Airlines Co Ltd said on Tuesday it would issue HKUS$1.55 billion (US$199.6 million) worth of shares to a subsidiary of American Airlines Group Inc , giving the U.S. airline a stake in China’s largest carrier. The deal would make American Airlines the second U.S. carrier to own part of a Chinese airline after ...Full Article

HK subway operator to help run UK’s South West Trains

LONDON, Mar 28: Hong Kong subway operator MTR Corporation has been picked to help run South West Trains, one of Britain’s biggest rail franchises, the government said on Monday ...Full Article

Britain’s new pound coin enters circulation

LONDON, Mar 28: Britain’s new £1 coin with the symbols of England, Scotland, Wales and Northern Ireland goes into circulation from Tuesday (Mar 28) on the eve of the ...Full Article

Bilateral trade between M’sia, OIC countries at RM145.18b in 2016

KUALA LUMPUR, Mar 27: Bilateral trade between Malaysia and the Organisation of Islamic Cooperation (OIC) countries inched up 0.2 per cent to RM145.18 billion in 2016 from RM144.87 billion ...Full Article

February CPI hike due to higher oil prices – Johari

KUALA LUMPUR, Mar 27: The 4.5 per cent hike in Consumer Price Index (CPI) in February, the fastest growth in eight years, was mainly due to higher oil prices ...Full Article

Ringgit opens higher against US dollar

KUALA LUMPUR, Mar 27: The ringgit opened higher against the US dollar today on commercial demand as the greenback lost ground as concerns mounted over President Donald Trump’s inability ...Full Article

Equities take a spill on Trump healthcare setback; bonds shine

HONG KONG, Mar 27: Asian stocks are set to start the week on a cautious note as President Donald Trump’s stunning failure to get healthcare reform passed raised concerns ...Full Article

US equity futures at six week low after Trump healthcare setback

REUTERS, Mar 27: U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to ...Full Article

Toshiba’s Westinghouse may file bankruptcy Tuesday, seeks Kepco aid: Nikkei

TOKYO, Mar 27: Westinghouse Electric Co, the U.S. nuclear unit of Japan’s Toshiba Corp , could file for bankruptcy protection as early as Tuesday and is seeking support from ...Full Article

Viacom’s shares could jump 40 percent: Barron’s

REUTERS, Mar 27: Shares of Viacom Inc could rise 40 percent in the next year as the New York-based media company’s new CEO Bob Bakish focuses on its Paramount ...Full Article
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