Mon02202017

LAST_UPDATEMon, 20 Feb 2017 12am

Japan's Abe: Trump Shares View That Monetary Policy Not Forex Manipulation

Pic: Reuters

Japanese Prime Minister Shinzo Abe said on Wednesday U.S. President Donald Trump shared his view at last week's summit that Japan's monetary policy was not currency manipulation but to end deflation.

Read more: Japan's Abe: Trump Shares View That Monetary Policy Not Forex Manipulation

Natural Rubber Output Up 5% In December

KUALA LUMPUR: Malaysia’s natural rubber (NR) production rose 5.2% to 69,727 tonnes in December 2016 from 66,293 tonnes in November, said the Department of Statistics (DoS).

Read more: Natural Rubber Output Up 5% In December

Malaysia’s Q4 Growth Seen Quickening In Sign Economy On The Mend

Pic: MMO

KUALA LUMPUR: Malaysia’s economy is expected to have grown at a faster pace in the fourth quarter, supported by its oil and commodity exports after over a year of tepid global demand that bodes well for a more durable recovery over 2017.

Read more: Malaysia’s Q4 Growth Seen Quickening In Sign Economy On The Mend

Marcato's Mcguire Criticizes Deckers' Retail Expansion: CNBC

Mick McGuire, founder of activist hedge fund Marcato Capital Management, told CNBC on Monday that Deckers Outdoor Corp (DECK.N) had erred by investing significantly in physical retail stores.

Read more: Marcato's Mcguire Criticizes Deckers' Retail Expansion: CNBC

Youtube, Disney Ditch Pewdiepie Over Anti-Semitic Content

YouTube and Walt Disney Co have cut their ties with influential Swedish social media star PewDiePie after he posted a series of videos deemed anti-Semitic.

Read more: Youtube, Disney Ditch Pewdiepie Over Anti-Semitic Content

Citing Trump And Brexit, EU Sees Euro Zone Economy Risk, Sharp Drop In UK Growth

The European Commission said on Monday that uncertainty about U.S. policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year.

Read more: Citing Trump And Brexit, EU Sees Euro Zone Economy Risk, Sharp Drop In UK Growth

Chaotic Day As Toshiba Details Losses, $6.3 Billion Nuclear Hole

For Japan's Toshiba Corp, Tuesday was a day of last-minute delays and confusion. It missed its earnings deadline, only to then release unaudited numbers, say its chairman will step down and announce plans to pull out of overseas nuclear construction.

Read more: Chaotic Day As Toshiba Details Losses, $6.3 Billion Nuclear Hole

Dallas Fed's Kaplan Calls For Gradual Interest Rate Rise Soon

Dallas Federal Reserve Bank President Robert Kaplan on Monday said the U.S. central bank should act soon to raise rates, or risk having to abandon its plan to do so slowly.

Read more: Dallas Fed's Kaplan Calls For Gradual Interest Rate Rise Soon

Electric Car Boom Spurs Investor Scramble For Cobalt

Investors are buying up physical cobalt anticipating that shortages of the metal, a key component of lithium-ion batteries used in electrical cars, will spur prices to their highest levels since the 2008 financial crisis.

Read more: Electric Car Boom Spurs Investor Scramble For Cobalt

Daimler Invests In Smartphone-Based Vehicle Finance App Autogravity

Daimler (DAIGn.DE) said on Tuesday it was investing a double-digit million euro amount into AutoGravity, a smartphone-based vehicle leasing and financing app as part of a broader push by the carmaker to build a digital platform for financial services.

Read more: Daimler Invests In Smartphone-Based Vehicle Finance App Autogravity