Sat04292017

LAST_UPDATEFri, 28 Apr 2017 10pm

Asian Currencies Rise On Uncertainty Over Trump’s Fiscal Policy

SINGAPORE — Asian currencies rose today as the US dollar fell after US President Donald Trump's inauguration speech disappointed some investors who were looking for more details on his plans for fiscal stimulus.

Read more: Asian Currencies Rise On Uncertainty Over Trump’s Fiscal Policy

Japan’s JX, Petronas Start Malaysia LNG Train

TOKYO — JX Nippon Oil & Energy Corp said its venture with Malaysian state oil firm Petronas has started commercial operations at the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak.

Read more: Japan’s JX, Petronas Start Malaysia LNG Train

Bursa CEO Looks To Well-Established, Developed Capital Market By 2050

KUALA LUMPUR — Bursa Malaysia Bhd Chief Executive Officer Datuk Seri Tajuddin Atan hopes the Malaysian capital market will be well-established and developed by 2050, with greater financial literacy especially among the youth community.

Read more: Bursa CEO Looks To Well-Established, Developed Capital Market By 2050

South-East Asian Stocks Range-Bound As Investors Await Cues From US

SINGAPORE — South-east Asian stock markets were range-bound today as cautious investors awaited cues from Wall Street after Donald Trump took office on Friday.

Read more: South-East Asian Stocks Range-Bound As Investors Await Cues From US

Goldman Sachs Files US$1 Billion Countersuit Against Indonesian Businessman

JAKARTA: Goldman Sachs filed a US$1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the US bank for conducting what he called “unlawful” trades in the shares of a property firm.

Read more: Goldman Sachs Files US$1 Billion Countersuit Against Indonesian Businessman

Nippon Steel Executive: Worries Over U.S. Protectionism Growing Every Day

A logo of Nippon Steel and Sumitomo Metal Corp is pictured outside its headquarters in Tokyo November 9, 2012. REUTERS/Yuriko Nakao/File Photo

Worries over U.S. President Donald Trump's protectionist policies are "growing every day", a senior executive at Nippon Steel & Sumitomo Metal Corp (5401.T) said, while adding that any impact on its own U.S.-bound steel exports would be limited due to small volumes.

Read more: Nippon Steel Executive: Worries Over U.S. Protectionism Growing Every Day

Citigroup Fined US$28.8 Million For Harm To Home Borrowers

WASHINGTON: Citigroup Inc mortgage units have been fined $28.8 million for keeping home borrowers in the dark about options to avoid foreclosure and making it difficult for them to apply for relief, the US consumer finance watchdog said on Monday.

Read more: Citigroup Fined US$28.8 Million For Harm To Home Borrowers

US Pullout From TPP A Lost Opportunity For Asia: Moody's

PETALING JAYA: The US’s withdrawal from the Trans-Pacific Partnership (TPP) represents a lost opportunity for Asia, especially for countries, including Malaysia, that would have substantially expanded their export access to major markets, according to Moody’s Investors Service.

Read more: US Pullout From TPP A Lost Opportunity For Asia: Moody's

AirAsia Denies Wrongdoing In Dealings With Rolls-Royce

PETALING JAYA: AirAsia Bhd and AirAsia X Bhd yesterday separately denied wrongdoing in dealings with Rolls-Royce, following the UK Serious Fraud Office’s charge that Rolls-Royce had given a USS$3.2 million (RM14 million) discount for the maintenance of a private jet in lieu of business with the group.

Read more: AirAsia Denies Wrongdoing In Dealings With Rolls-Royce

U.S. Car, Truck Sales Downshift In January; Toyota Falls 11 Percent

U.S. car and light truck sales slipped 1.8 percent in January as automakers pulled back on bulk sales to rental, government and business fleets and concentrated on more profitable retail sales to individual consumers.

Read more: U.S. Car, Truck Sales Downshift In January; Toyota Falls 11 Percent