Sun02252018

LAST_UPDATESat, 24 Feb 2018 9pm

TransCanada Starts Excavation Work After South Dakota Pipeline Leak

Pic: ReutersCanada Corp has started initial excavation work at the site of an oil spill on its Keystone pipeline in South Dakota but has not yet pinpointed where the leak came from, a state official said on Monday.

Read more: TransCanada Starts Excavation Work After South Dakota Pipeline Leak

CME Says Bitcoin Futures Coming This Year, But Date Not Set

Pic: ReutersNEW YORK: CME Group Inc, the world’s biggest futures exchange, said on Monday it still plans to launch a futures contract for bitcoin this year, but that a notice on its website stating the contract would begin trading on Dec. 11 was posted in error.

Read more: CME Says Bitcoin Futures Coming This Year, But Date Not Set

Uber To Buy 24,000 Driverless Cars From Volvo

The cars would be available through the Uber app to pick up passengers without a driver, giving the business its first commercial fleet of cars.

Read more: Uber To Buy 24,000 Driverless Cars From Volvo

One Bitcoin Now Worth US$8,000

Filepic: Shutterstock

LONDON: Bitcoin hit a new record high on Monday after smashing through the US$8,000 level for the first time over the weekend, marking an almost 50 per cent climb in just eight days.

Read more: One Bitcoin Now Worth US$8,000

Q3 External Debt Edges Lower To RM873.8 Bil

FilepicKUALA LUMPUR - Malaysia's external debt edged lower to RM873.8 billion, equivalent to US$204.7 billion, or 65 per cent of gross domestic product (GDP), as at end-September 2017, compared to RM877.5 billion as at end-June 2017.

Read more: Q3 External Debt Edges Lower To RM873.8 Bil

The CEO Of One Of Asia's Largest Banks Says Bitcoin Is a 'Ponzi Scheme'

One of Asia's largest banks has labeled bitcoin a "Ponzi scheme" riddled with hidden costs, joining a number of banks worldwide which have expressed several concerns over the cryptocurrency.

Read more: The CEO Of One Of Asia's Largest Banks Says Bitcoin Is a 'Ponzi Scheme'

No Respite For Properties In The Near Term — Analyst

Pic: TBPKUCHING: AllianceDBS Research Sdn Bhd (AllianceDBS Research) believes the tightening measure by Dewan Bandaraya Kuala Lumpur to freeze approvals for four development types following the warning of oversupply by Bank Negara Malaysia (BNM) may do little to resolve the grave issue of supply glut in the near term.

Read more: No Respite For Properties In The Near Term — Analyst

Oil Eases As Traders, Investors Grow Edgy Ahead Of OPEC

Pic: Reuters

LOS ANGELES: Oil prices fell 0.8 percent on Monday, extending recent weakness ahead of next week’s OPEC meeting, while a rally in the dollar hurt commodities across the board.

Read more: Oil Eases As Traders, Investors Grow Edgy Ahead Of OPEC

Dollar Stands Tall As German Political Deadlock Pressures Euro

TOKYO: The dollar gave back some of its gains in Asian trading on Tuesday but remained not far from a one-week high against a basket of currencies as German political uncertainty continued to pressure the euro.

Read more: Dollar Stands Tall As German Political Deadlock Pressures Euro

Asia Stocks Supported By Global Growth Optimism, Dollar Strong

TOKYO: Asian stocks edged higher on Tuesday as investors took heart from further evidence of strength in the global economy, while the dollar hovered near a one-week high against its peers thanks to higher U.S. yields and a floundering euro.

Read more: Asia Stocks Supported By Global Growth Optimism, Dollar Strong