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LAST_UPDATESat, 21 Jan 2017 4pm

Investors Demand Answers, New Phone From Samsung After Note 7 Fire Fiasco

Pic: ReutersSEOUL: Samsung Electronics Co Ltd needs to quickly find the cause of the fires that led to it pulling its Galaxy Note 7 smartphones and get a new model to market, investors said on Wednesday, as shares in the company slipped to a one-month low.

Read more: Investors Demand Answers, New Phone From Samsung After Note 7 Fire Fiasco

Top Bankers Warn Of Risk Of 2017 Exodus From Britain

FILE PHOTO -- A view of the Morgan Stanley London headquarters at Canary Wharf financial centre in London, Britain June 24, 2016. REUTERS/Russell Boyce/File Photo

Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the EU.

Read more: Top Bankers Warn Of Risk Of 2017 Exodus From Britain

Asian Markets Retreat On Prospects Of US Rate Hike

The regional retreat follows sharp falls on Wall Street, where investors were spooked by below-forecast earnings from aluminium-maker Alcoa that raised concerns about the state of corporate America going into the reporting season.HONG KONG: Asian markets retreated Wednesday as investors contemplated the effects of an expected US interest rate hike this year, while the pound staged a mild recovery after suffering a series of losses on worries about Britain’s EU exit.

Read more: Asian Markets Retreat On Prospects Of US Rate Hike

Malaysia Aug Factory Output Picks Up 4.9 Pct Y/Y, But Misses Forecast

Factory output rose at a faster pace than the 4.1 percent growth in July, but was below economists' expectations of a 5.4 percent rise.Malaysia’s August industrial production rose 4.9 percent from a year earlier, helped by growth in the electricity, manufacturing and mining sectors, government data showed on Wednesday.

Read more: Malaysia Aug Factory Output Picks Up 4.9 Pct Y/Y, But Misses Forecast

The Pound’s Fall And Why It Matters

Pic: BBC

Have you seen the new pound coin? It's a 50p piece.

Read more: The Pound’s Fall And Why It Matters

BP Ditches Plans To Drill For Oil In The Great Australian Bight

Pic: The Guardian

BP has decided not to go ahead with its controversial plans to drill for oil in the commonwealth marine reserve in the Great Australian Bight.

Read more: BP Ditches Plans To Drill For Oil In The Great Australian Bight

Deutsche Bank Dashes Back To Bond Market

A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File PhotoNEW YORK: Deutsche Bank made a rapid-fire return to the US high-grade bond market on Tuesday, satisfying investor demand by tapping last week's $3 billion deal for another $1.5 billion in fresh cash.

Read more: Deutsche Bank Dashes Back To Bond Market

London Stocks Hit Record As Samsung Sinks

Pic: Reuters

LONDON: The weaker pound propelled Britain’s stock market to an intra-day record yesterday, while shares in Samsung Electronics plunged after the company junked its Note 7 smartphone.

Read more: London Stocks Hit Record As Samsung Sinks

YouTube Buys Famebit, Matchmaker For Videos And Sponsors

Pic: AFP

SAN FRANCISCO: Google-owned YouTube yesterday announced it has bought FameBit, a marketplace where video makers can connect with brands interested in sponsoring their creations.

Read more: YouTube Buys Famebit, Matchmaker For Videos And Sponsors

Oil Edges Up Before Producer Talks On Output Curbs

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick OxfordCrude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.

Read more: Oil Edges Up Before Producer Talks On Output Curbs