Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

BAT Agrees Terms To Buy Reynolds For $49.4 Billion

British American Tobacco (BATS.L) said on Tuesday it had agreed terms to buy U.S. rival Reynolds American Inc (RAI.N) after it increased its offer for the 57.8 percent of the company it did not already own to $49.4 billion.

Read more: BAT Agrees Terms To Buy Reynolds For $49.4 Billion

OPEC Sees Market Stability In 2017, Venezuela Aims For $70 Price

Pic: ReutersOPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months.

Read more: OPEC Sees Market Stability In 2017, Venezuela Aims For $70 Price

Merkel Tells German Industry She Will Fight For Free Trade

Pic: ReutersChancellor Angela Merkel told German industry leaders on Monday that she would remain committed to free trade in an indirect rebuttal to comments from U.S. President-elect Donald Trump's about border taxes on car imports.

Read more: Merkel Tells German Industry She Will Fight For Free Trade

First Malaysian Events Management Firm Successfully Listed On Australian Stock Exchange, Makes History

Filepic: LinkedIn

SYDNEY, Australia - E-Plus Limited (E-Plus), one of Asia’s leading events management company, began trading today at 10:00AM Australia Eastern Daylight Time (GMT +10) on the National Stock Exchange of Australia (NSX) under the stock code, 8EP. A total of 245 million shares were issued and quoted at an initial market price of AUD0.05 (RM0.16) per share.

Read more: First Malaysian Events Management Firm Successfully Listed On Australian Stock Exchange, Makes...

Trump Threatens German Carmakers With 35% US Import Tariff

FRANKFURT/BERLIN: U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35% on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers’ shares.

Read more: Trump Threatens German Carmakers With 35% US Import Tariff

Hard Brexit Fears Hit Pound Ahead Of May Speech

LONDON: Britain’s pound fell on Monday as concern rose that the country is heading for a “hard” Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government’s plans.

Read more: Hard Brexit Fears Hit Pound Ahead Of May Speech

UK Businesses Wary About Investment On Brexit Doubts

LONDON: British businesses are increasingly cautious about their investment plans as they worry about how the country’s planned departure from the European Union will affect the economy this year, a survey showed on Tuesday.

Read more: UK Businesses Wary About Investment On Brexit Doubts

China’s Xi Says Chinese Economy To Keep Growing Steadily

BERN: China’s economy will remain stable and keep growing steadily while resisting protectionism, President Xi Jinping told Swiss executives on Monday.

Read more: China’s Xi Says Chinese Economy To Keep Growing Steadily

Customers Advised To Be Patient As Shell Fixes Glitch

KUCHING: Sarawak Petroleum Products Agents Association (SPPAA) advised Shell fuel patrons to be patient while waiting for Shell Malaysia to remedy a technical glitch affecting fuel pumps at petrol stations nationwide.

Read more: Customers Advised To Be Patient As Shell Fixes Glitch

May Agrees On Changing Economic Model Post-Brexit If Forced – Spokeswoman

LONDON: Prime Minister Theresa May shares her Chancellor’s view that Britain stands ready to consider alternative economic models following Brexit if forced to, her spokeswoman said on Monday.

Read more: May Agrees On Changing Economic Model Post-Brexit If Forced – Spokeswoman