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Thursday, June 20, 2019



Gold jumps to more than 5-year high as Fed signals ready...

Gold surges to the highest in more than five years after the US Federal Reserve indicated a readiness to cut interest rates.

Interest rate remains but cuts later in the year is stronger,...

Right now, the US economy is at or close to full employment, growing at a satisfactory rate, with inflation close to the Fed’s target of 2%.

Electricity billionaire is building the Tesla of Thailand

Thailand’s Energy Absolute Pcl is shaping up as the nation’s equivalent to Tesla; building electric cars, batteries and charging stations, and then supplying the juice to keep them all running.

Apple wants suppliers to mull major shift from China

China is a crucial cog in Apple’s business, the origin of most of its iPhones and iPads as well as its largest international market.

Bank Negara chief guards against another 1MDB

Bank Negara governor Nor Shamsiah Mohd Yunus says the prosecution system in Malaysia needs to target more on high-risk crimes.

OPEC+ sets date for meeting

The producers' group, which pumps more than half the world’s crude oil, has been bickering for a month about the timing of ministerial talks in Vienna.

Lira eases drop as initial shock over sanctions threat subsides

Concern over the implications of the Russian S-400 missile-defence deal has weighed on the lira for months and contributed to its 10% loss this year.

London is pushing its motorists toward using only electric cars

'The mayor has been really clear that he’s not anti-cars, he’s anti-pollution,' says London's deputy mayor Rodrigues.

Huawei’s troubles are a big opportunity for Ericsson and Nokia

China is far away from its global market dominance as it battles a trade war, this is giving companies such as Nokia and Ericsson an advantage.

China is buying Iranian LPG despite sanctions and ship-tracking shows

The predicament of the Chinese buyers underscores how the White House’s aggressive trade and foreign policy is disrupting global commodity flows.

Tesla to revamp Asia business structure to focus on China

Tesla plans a revamping of its organisation as it dismantles its Asia Pacific business to focus more on manufacturing in China.

Nomura shares jump on US$1.4 billion buyback and governance tweaks

Institutional Shareholder Services recommends that shareholders also vote against Nagai, 60, saying he should be held responsible for the information leak.

Facebook’s Libra runs into instant political opposition in Europe

French Finance Minister Bruno Le Maire wants the Group of Seven central bank governors to prepare a report on Facebook’s project.

Tesco unveils high-end store concept

The grocer also says it sees an opportunity to reduce costs, allowing it to improve its offering and increase its margin.

Facebook warns it can’t fully solve toxic content problem

Facebook has 30,000 people working on the issue of the safety of the platform, up from less than 3,000 people two years ago.

Oil steadies as demand worries weighed against OPEC+ output cuts

Focus returns to OPEC’s attempts to fix a meeting on supply cuts.

Swiss AG forced off Fifa corruption case after secret meetings

The Attorney General and two deputies violated key procedural rules when they failed to report and document three meetings with Fifa boss Gianni Infantino.

Trump blasts Draghi, China for weak currencies

Trump’s tweet comes hours before the Federal Open Market Committee is scheduled to start a two-day policy meeting.

Malaysia sees trade diversion cushioning impact of tariff wars

Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus says the trade diversion could add about 10 basis points to this year’s growth rate.

Cebu Air to order 31 Airbus jets worth US$6.8 billion

The jets are scheduled for delivery from 2021 to 2026, adding to the 32 A321neo aircraft ordered in 2011 and for delivery until 2022.

VW steps up software push with own ‘vw.os’ operating system

'We will develop software with uniform basic functions for all group brands, which will allow us to drastically reduce complexity.' says Christian Senger, head of digital car and services.

Hong Kong leader apologises for extradition bill

Chief Executive Carrie Lam has been under pressure after a historic protest called for her to step down over an extradition bill.

Google and drugmaker Sanofi to join forces on data technologies

Sanofi and Alphabet’s Google collaboration on AI and cloud-computing is aimed on the discovery of new medicines and the best treatment for patients.

Oil holds losses as OPEC uncertainty adds to weak US outlook

'Crude remains vulnerable on falling demand expectations from trade uncertainty and OPEC’s inability to solidify its curtailment of future production,' says Ed Moya, chief market strategist.