Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

Stocks Stumble Ahead Of Trump Inauguration

NEW YORK - The Dow Jones industrial average erased its gain for the year on Thursday, part of a pullback for stock indexes as Treasury yields continued their upward march.

Read more: Stocks Stumble Ahead Of Trump Inauguration

Fed's Yellen Says Unwise To Allow U.S. Economy To Run 'Hot'

Pic: Reuters

With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low, Federal Reserve Chair Janet Yellen said on Thursday.

Read more: Fed's Yellen Says Unwise To Allow U.S. Economy To Run 'Hot'

CIMB Reassures Customers On Security Of Contactless Cards

Pic: Astro AwaniKUALA LUMPUR: CIMB Bank Berhad ("CIMB" or "the Bank") would like to reassure its customers that the Bank's contactless debit cards are safe and not susceptible to electronic pickpocketing.

Read more: CIMB Reassures Customers On Security Of Contactless Cards

BNM Likely To Retain OPR Amid Global Currency Volatility

Pic: Astro AwaniKUALA LUMPUR: Bank Negara Malaysia (BNM) would likely keep its overnight policy rate (OPR) at 3.0 per cent this year, after taking into accounts a number of factors, including the renewed global currency volatility, said OCBC Bank.

Read more: BNM Likely To Retain OPR Amid Global Currency Volatility

FIC Restructuring To Boost FELDA's Investment, Business, Says Najib

Pic: BernamaKUALA LUMPUR: Felda Investment Corporation Sdn Bhd's (FIC) restructuring plan is part of the government's efforts to strengthen the business and investment arm of FELDA, said Datuk Seri Najib Tun Razak.

Read more: FIC Restructuring To Boost FELDA's Investment, Business, Says Najib

Dollar Bounces Back, Bond Yields Jump On Yellen's Rate Guidance

Pic: Reuters

The dollar rebounded, Asian shares slipped and government bond yields soared to multi-week highs on Thursday after U.S. central bank chief Janet Yellen signaled a path of steady interest rate increases for the world's largest economy.

Read more: Dollar Bounces Back, Bond Yields Jump On Yellen's Rate Guidance

Exclusive: Pentagon, Lockheed Near Deal On $9 Billion F-35 Contract - Source

Pic: Reuters

The U.S. Department of Defense and Lockheed Martin Corp (LMT.N) are close to deal for a contract worth almost $9 billion as negotiations are poised to bring the price per F-35 below $100 million for the first time, people familiar with the talks said Wednesday.

Read more: Exclusive: Pentagon, Lockheed Near Deal On $9 Billion F-35 Contract - Source

Davos CEOs 'Go Local' On Supply Chain In Trump Era

Pic: Reuters

Business leaders in Davos, traditionally the high priests of globalization, are talking up the benefits of local production this week to shield themselves from criticism from incoming U.S. President Donald Trump.

Read more: Davos CEOs 'Go Local' On Supply Chain In Trump Era

Oil Ticks Up On Weaker Dollar, US Production Outlook Caps Gains

SINGAPORE: Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that US producers would boost output.

Read more: Oil Ticks Up On Weaker Dollar, US Production Outlook Caps Gains

Massive Port City Project In Malaysia No Threat To Singapore, Other Ports: Port Klang Chairman

KUALA LUMPUR: A massive RM200 billion (US$45 billion) port industrial city planned for Malaysia's Carey Island is a safeguard for the future and "not a threat" to Singapore or any other ports along the Strait of Malacca, said the chairman of Port Klang Authority, the body behind the project.

Read more: Massive Port City Project In Malaysia No Threat To Singapore, Other Ports: Port Klang Chairman