Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

Simon Kirby Says Confident London Can Keep Euro-Clearing

HONG KONG: Keeping the euro-denominated clearing business in London even after Britain leaves the European Union is in Europe’s interest, Simon Kirby, economic secretary to the UK Treasury, told Reuters on Monday.

Read more: Simon Kirby Says Confident London Can Keep Euro-Clearing

No Plans To Withdraw Flights To Perth: MAS

KUALA LUMPUR: Malaysia Airlines said it has no plans to discontinue flights to Perth or any other Australian destinations.

Read more: No Plans To Withdraw Flights To Perth: MAS

Exclusive: China To Target Around 6.5 Percent Growth In 2017 - Sources

Pic: ReutersChina will lower its 2017 economic growth target to around 6.5 percent from last year's 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.

Read more: Exclusive: China To Target Around 6.5 Percent Growth In 2017 - Sources

Shell Working On Resolving Pump Glitch

PETALING JAYA: Shell Malaysia is in the midst of resolving a technical glitch which affected some 900 fuel stations nationwide since this morning.

Read more: Shell Working On Resolving Pump Glitch

Not Taking The Company Private - FGV

KUALA LUMPUR: Felda Global Ventures Holdings Bhd's (FGV) board of directors today clarified that there has been no discussions on taking the company private.

Read more: Not Taking The Company Private - FGV

Chinese Companies Keen To Work With Local SMEs, Says SMECorp

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak's recent visit to China has obviously benefitted small and medium enterprises (SMEs), with the SME Corporation Malaysia (SMECorp) receiving several enquiries from Chinese companies expressing interest to collaborate with their Malaysian counterparts.

Read more: Chinese Companies Keen To Work With Local SMEs, Says SMECorp

Burberry's CEO Designate To Join Firm This Month

Pic: ReutersBritish luxury brand Burberry said on Monday its incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East, before joining the board and taking the top job on July 5.

Read more: Burberry's CEO Designate To Join Firm This Month

MRT Charges Fares From Tomorrow

KUALA LUMPUR: The Mass Rapid Transit Sungai Buloh-Kajang (MRT-SBK) line service will start charging fares to commuters tomorrow.

Read more: MRT Charges Fares From Tomorrow

Malaysian Equity Market Still Has Investment Opportunities

KUALA LUMPUR: Despite negative trade sentiments and the declining ringgit,Templeton Emerging Markets and Franklin Local Asset Management managing director and chief investment officer Stephen Dover said the Malaysian equity market still provides investment opportunities.

Read more: Malaysian Equity Market Still Has Investment Opportunities

Gold Rises On Trump Uncertainty, Brexit Concerns

NEW YORK: Gold rose on Monday, buoyed by safe-haven demand due to uncertainty over US policy ahead of President-elect Donald Trump’s inauguration and amid concerns over Britain’s exit from the European Union.

Read more: Gold Rises On Trump Uncertainty, Brexit Concerns