Sun02262017

LAST_UPDATESun, 26 Feb 2017 9pm

Stocks Cool, Bonds Heat Up As Trump Optimism Pauses

Major global stock markets lost ground on Friday as investors scaled back bets U.S. President Donald Trump's policies would promote faster economic growth and instead favored perceived safer assets such as bonds and gold.

Read more: Stocks Cool, Bonds Heat Up As Trump Optimism Pauses

Kraft's Shock Bid Triggers Unilever Focus On Short-Term Value

Pic: Reuters

Kraft Heinz's (KHC.O) bid has jolted Unilever (ULVR.L) into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company's finance chief said on Friday.

Read more: Kraft's Shock Bid Triggers Unilever Focus On Short-Term Value

Scomi Records RM6.17m Net Loss

Pic: NST Online

KUALA LUMPUR: Scomi Group Bhd has recorded its third consecutive quarter in the red, with a net loss of RM6.17 million for the quarter ended December 31, 2017 on falling revenue and profit.

Read more: Scomi Records RM6.17m Net Loss

Trump Says Republican Border Tax Could Boost U.S. Jobs

Pic: Reuters

U.S. President Donald Trump on Thursday spoke positively about a border adjustment tax being pushed by Republicans in Congress as a way to boost exports, but he did not specifically endorse the proposal.

Read more: Trump Says Republican Border Tax Could Boost U.S. Jobs

Oil Futures Suggest Bullish Funds' Big Bet On Price May Pay Off

Pic: Reuters

Oil investors have placed the biggest bet in history that prices will rise, as the world's largest exporters cut output to reduce a glut in supply, and the futures market is suggesting for the first time in a year that they could be onto a winner.

Read more: Oil Futures Suggest Bullish Funds' Big Bet On Price May Pay Off

China's Coal Imports From North Korea Ease After Sanctions

China's coal imports from North Korea eased last month after new U.N. Security Council sanctions curbing the isolated country's sales of the fuel abroad came into effect, as Russia, Mongolia, Australia and Indonesia raised shipments, data showed on Friday.

Read more: China's Coal Imports From North Korea Ease After Sanctions

Samsung Rolls Out 'Samsung Pay' Service

Pic: APKUALA LUMPUR: Samsung on Friday rolled out its mobile payment service, 'Samsung Pay' in Malaysia, through strategic partnerships with banks and merchants in its quest to provide cashless payments to customers.

Read more: Samsung Rolls Out 'Samsung Pay' Service

Confident Mexico Says Will Not Rush To Negotiate NAFTA With Trump

Pic: ReutersMEXICO CITY: Mexico is increasingly confident that U.S. President Donald Trump will not be able to impose harsh barriers on imports anytime soon, and officials signaled they may hit their northern neighbor's most trade-sensitive districts in case he does.

Read more: Confident Mexico Says Will Not Rush To Negotiate NAFTA With Trump

Oil Sold Out Of Tanker Storage In Asia As Market Slowly Tightens

Pic: ReutersSINGAPORE: Traders are selling oil held in tankers anchored off Malaysia, Singapore and Indonesia in a sign that the production cut led by OPEC is starting to have the desired effect of drawing down bloated inventories.

Read more: Oil Sold Out Of Tanker Storage In Asia As Market Slowly Tightens

U.S. Oil Slips As Stockpiles Rise For Seventh Week

U.S. oil prices fell on Friday after government data released late on Thursday showed stockpiles rose last week for a seventh straight week, although losses were muted as inventory growth was well below expectations.

Read more: U.S. Oil Slips As Stockpiles Rise For Seventh Week