Thu04272017

LAST_UPDATEThu, 27 Apr 2017 9am

Fed Policymakers Agree Trump Fiscal Boost Poses Inflation Risk

Pic: ReutersWASHINGTON: Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration and many were eyeing faster interest rate increases, minutes from the central bank's December meeting showed.

Read more: Fed Policymakers Agree Trump Fiscal Boost Poses Inflation Risk

KESM Aims For Another Record Year, To Ride On Auto Sector Growth

Pic: The Sim DailyKUALA LUMPUR: KESM Industries Bhd, which tests semiconductor chips, is one of the few companies in the country that expects to chart a record year for its financial year ending July 31, 2017.

Read more: KESM Aims For Another Record Year, To Ride On Auto Sector Growth

AFFIN, Daiwa Deal Falls Through

KUALA LUMPUR: Japan's Daiwa Securities Group Inc or one of its wholly-owned units' plan to acquire a minority stake in Affin Hwang Investment Bank Bhd (AHIB) falls through as both parties were unable to finalise the deal within the stipulated timeframe.

Read more: AFFIN, Daiwa Deal Falls Through

Negeri Sembilan Strengthening Services, Tourism Sectors

Pic: BernamaSEREMBAN: Negeri Sembilan is strengthening its services and tourism sectors as the main drivers of its economy as it could no longer rely on the manufacturing sector, Menteri Besar Datuk Seri Mohamad Hasan said.

Read more: Negeri Sembilan Strengthening Services, Tourism Sectors

Amazon Doubles Deliveries In 2016 For Third-Party Sellers

Pic: ReutersAmazon.com Inc shipped 50 percent more items during the past holiday season than the prior year for third-party vendors and doubled the amount for 2016 overall, the world's largest online retailer said on Wednesday.

Read more: Amazon Doubles Deliveries In 2016 For Third-Party Sellers

Canada Auto Sales Hit New Highs In 2016 On Pickups, Suvs: Analysts

Canadian auto sales hit record highs in 2016 because of consumer demand for pickups and SUVs, despite ending the year on a weaker note that could continue this year, analysts said on Wednesday, citing automakers' data.

Read more: Canada Auto Sales Hit New Highs In 2016 On Pickups, Suvs: Analysts

Japan December Services PMI Rises To 11-Month High

Activity in Japan's services sector expanded in December at the fastest pace in 11 months, a private survey showed on Thursday, in a sign that economic growth could pick up due to gains in consumer spending.

Read more: Japan December Services PMI Rises To 11-Month High

Exclusive: Amazon, Forever 21 Vying For Bankrupt American Apparel - Sources

Online retailer Amazon.com Inc and teen apparel store chain Forever 21 Inc are among the companies weighing offers to acquire bankrupt American Apparel LLC, people familiar with the talks said on Wednesday.

Read more: Exclusive: Amazon, Forever 21 Vying For Bankrupt American Apparel - Sources

Asian Stocks Edge Higher On Wall Street Cues; Oil Up

Pic: Reuters

HONG KONG: Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting suggested a less hawkish stance from policymakers.

Read more: Asian Stocks Edge Higher On Wall Street Cues; Oil Up

Affin's Plan To Sell Investment Bank Stake To Daiwa Is Off

PETALING JAYA: Affin Holdings Bhd’s plan to sell its minority stake in Affin Hwang Investment Bank Bhd to Japan’s Daiwa Securities Group Inc is off.

Read more: Affin's Plan To Sell Investment Bank Stake To Daiwa Is Off