Wed02212018

LAST_UPDATEWed, 21 Feb 2018 12am

Yen Firmer But Below Five-Month High Vs Dollar; Eyes On Global Equities

Pic: Reuters

SINGAPORE: The yen edged higher versus the dollar on Monday, but traded below a five-month high after a bounce in U.S. equities late last week dampened demand for traditional safe haven currencies.

Read more: Yen Firmer But Below Five-Month High Vs Dollar; Eyes On Global Equities

China Pledges "Employment First" Policies To Create Millions Of New Jobs

BEIJING  - China will boost its job creation effort and promote entrepreneurship this year, a spokeswoman for the top state planner said on Sunday, under pressure to find work for millions of unemployed people and new college graduates.

Read more: China Pledges "Employment First" Policies To Create Millions Of New Jobs

Thailand's EU Rejection Reflects Unison Among World's Top Producers Towards Anti-Palm Oil Move

Pic: NST ("The statement called for continued support for the development of sustainable oil palm industries," Mah said in statement issued after his bilateral meeting with Sontirat Sontijirawong, Thai Minister of Commerce here today.)

KUALA LUMPUR: Malaysia has lauded Thailand's move to join the former and Indonesia in rejecting the European Union’s executive decision on adopting the trade barrier against palm oil.

Read more: Thailand's EU Rejection Reflects Unison Among World's Top Producers Towards Anti-Palm Oil Move

EPF Declares Highest Dividend Payout Since 1997

KUALA LUMPUR: The Employees Provident Fund (EPF) today declared a dividend rate of 6.90 per cent for Simpanan Konvensional (conventional savings) 2017, with payout amounting to RM44.15 billion.

Read more: EPF Declares Highest Dividend Payout Since 1997

Porsche Mulls Production Hike For Electric Cars As Diesel Sputters

Pic: ReutersFRANKFURT: Sportscar maker Porsche AG may increase annual production capacity of its Mission E model beyond 20,000 cars and decide shortly about whether to electrify its Macan sports utility model, board member Detlev von Platen told Reuters.

Read more: Porsche Mulls Production Hike For Electric Cars As Diesel Sputters

Bitcoin May Not Be Worth All The Hoopla: N.Y. Fed Blog Post

Pic: ReutersNEW YORK: Bitcoin and other digital currencies have, so far, not been formidable competition for cash, checks or credit cards as a payment method in the United States and other major economies, according to two economists at New York Federal Reserve.

Read more: Bitcoin May Not Be Worth All The Hoopla: N.Y. Fed Blog Post

Policymakers Need To Remain Agile In Approach To Policies - BNM

KUALA LUMPUR: Policymakers need to remain agile in their approach to policies and not be too rigid in their own ways in neglecting changes in the environment, said Bank Negara Malaysia (BNM).

Read more: Policymakers Need To Remain Agile In Approach To Policies - BNM

Oil Slides Towards Steep Weekly Loss As Supply Fears Mount

Pic: ReutersLONDON: Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies.

Read more: Oil Slides Towards Steep Weekly Loss As Supply Fears Mount

European Share Declines Limited After Another Wall Street Sell-Off

LONDON - European shares posted limited losses at the open on Friday after a fresh sell-off on Wall Street, which has now entered a correction with the benchmark S&P 500 and Dow industrials falling more than 10 percent from their Jan. 26 record highs.

Read more: European Share Declines Limited After Another Wall Street Sell-Off

Exclusive: China's Ant Plans Equity Fundraising At Potential $100 Billion Valuation - Sources

Pic: Reuters

HONG KONG - China’s Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the online payments giant at more than $100 billion, people familiar with the move told Reuters.

Read more: Exclusive: China's Ant Plans Equity Fundraising At Potential $100 Billion Valuation - Sources