|Monday, January 16, 2017

Business News

Nasdaq ends 7-day winning streak; Wall Street retreats

NEW YORK, Jan 13: Wall Street ended lower on Thursday (Jan 12), with the tech-rich Nasdaq Composite ending a seven-day winning streak, as investors held their breath before earnings season for the fourth quarter. The Dow Jones Industrial Average fell, moving further from the 20,000 mark amid signs the post-election rally could be running out of steam. The major ...Full Article

Fed officials see quick economic boost from Trump, risks to follow

NAPLES, Fla. Jan 13: Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost ...Full Article

EPA accuses Fiat Chrysler of excess diesel emissions

NEW YORK/DETROIT, Jan 13: The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of illegally using hidden software to allow excess diesel emissions to go undetected, ...Full Article

Saudis cut oil output to lowest in two years, pledge further reductions

ABU DHABI, Jan 13: Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world’s largest oil exporter ...Full Article

Gold up RM1.42 at RM166.90 per gramme at 5 pm

KUALA LUMPUR, JAN 12: The physical price of gold as at 5 pm stood at RM166.90 per gramme, up RM1.42 from RM165.48 at 5 PM yesterday. — Bernama  ...Full Article

India provides US$6.1 million aid for Nepal’s irrigation projects

KATHMANDU, Jan 12: India has provided an additional grant assistance of about US$6.196 million for irrigation and river embankment projects in southern Nepal. Indian Ambassador to Nepal Ranjit Rae handed over ...Full Article

Maybank’s Indonesian unit propose to dispose equity interest to RCM

KUALA LUMPUR, Jan 12: Malayan Banking Bhd’s (Maybank) unit, PT Bank Maybank Indonesia TBK (Maybank Indonesia), is proposing to dispose 68.55 per cent of its equity interest in PT Wahana Ottomitra ...Full Article

Prestariang, Alibaba.com ink MOU to set up educloud

KUALA LUMPUR, Jan 12: Prestariang Bhd has partnered Alibaba.com Singapore E-Commerce Pte Ltd to create EduCloud, an integrated education platform (IEP), to drive an innovation ecosystem for the education sector. In ...Full Article

Mercedes-Benz hits records sales with 11,779 units in 2016

KUALA LUMPUR, Jan 12: Mercedes-Benz Malaysia (MBM) posted an all-time record sales of 11,779 units in 2016, up nine per cent from 10,845 units sold in the previous year. MBM President ...Full Article

Gold futures higher at midday

KUALA LUMPUR, Jan 12: Gold futures contract on Bursa Malaysia Derivatives was higher at midday with only two contract months traded.  January 2017 added 11 ticks to RM171.3, February 2017 ...Full Article
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