Wed03292017

LAST_UPDATEWed, 29 Mar 2017 9am

RAM Ratings Reaffirms Stable Outlook On Malaysian Banking Sector

Pic: ReutersKUALA LUMPUR: RAM Ratings has reaffirmed the Malaysian banking sector's stable outlook as the sector wrapped up a difficult 2016 in good shape.

Read more: RAM Ratings Reaffirms Stable Outlook On Malaysian Banking Sector

Axiata, TM Shares Higher On Possible Merger

KUALA LUMPUR -- Both Axiata Group Bhd and Telekom Malaysia Bhd's (TM) shares were higher by 1.81 per cent and 0.48 per cent, respectively, today on news of a possible merger between the two.

Read more: Axiata, TM Shares Higher On Possible Merger

Vietnam - Garment Exports Still Enjoy Good Growth Without TPP

HANOI -- Vietnam's garment and textile sector is still enjoying good growth in exports to the US market even without the Trans Pacific Partnership (TPP), Vietnam News Agency (VNA) reported Le Tien Truong, Director General of the Vietnam National Textile and Garment group (Vinatex), as saying.

Read more: Vietnam - Garment Exports Still Enjoy Good Growth Without TPP

Saudi King's Asia Tour Trumpets Aramco's Moves Downstream

Pic: ReutersSINGAPORE: Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission - to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.

Read more: Saudi King's Asia Tour Trumpets Aramco's Moves Downstream

Albertsons Held Preliminary Merger Talks With Sprouts: Bloomberg

Pic: Reuters

Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc (SFM.O), Bloomberg reported on Sunday, citing people familiar with the situation.

Read more: Albertsons Held Preliminary Merger Talks With Sprouts: Bloomberg

Link Net Reports Solid Growth In Profit, Operating Profit And Revenue

Cable TV and broadband internet provider Link Net reported solid revenue and net income growth in 2016, thanks to a big increase in its residential and corporate costumers.

Read more: Link Net Reports Solid Growth In Profit, Operating Profit And Revenue

Oil Prices Drop On Rise In U.S. Drilling

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick OxfordOil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets.

Read more: Oil Prices Drop On Rise In U.S. Drilling

Uber President Jeff Jones Quits, Deepening Turmoil

A man exits the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid

Ride services company Uber Technologies Inc [UBER.UL] has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image.

Read more: Uber President Jeff Jones Quits, Deepening Turmoil

China Opposes Trade Protectionism, Supports Free Trade - Vice Premier

Pic: ReutersChina opposes various forms of trade protectionism and supports free trade, Vice Premier Zhang Gaoli said on Sunday, reaffirming Beijing's stance amid worries over weak global demand.

Read more: China Opposes Trade Protectionism, Supports Free Trade - Vice Premier

Germany's Merkel And Japan's Abe Urge Free Trade With Jabs At U.S

Pic: ReutersGerman Chancellor Angela Merkel and Japan's Prime Minister Shinzo Abe spoke up for free trade at a major technology fair on Sunday with jabs clearly pointed at an increasingly protectionist United States.

Read more: Germany's Merkel And Japan's Abe Urge Free Trade With Jabs At U.S