Thu10192017

LAST_UPDATEThu, 19 Oct 2017 11am

Oil Prices Jump On Fear Of New U.S. Sanctions Against Iran

Pic: Reuters

SINGAPORE: Oil markets opened up strong into the new week, with Brent crude up by one percent as concerns over renewed U.S. sanctions against Iran drove prices up. A falling U.S. rig count also supported prices there.

Read more: Oil Prices Jump On Fear Of New U.S. Sanctions Against Iran

Oi's Largest Creditors Demand Meeting To Renegotiate Debt Pla

Pic: Reuters

SAO PAULO: A group of bondholders that are Oi SA’s (OIBR4.SA) largest creditors demanded on Sunday that the company’s top executives meet them as soon as possible to renegotiate a debt plan.

Read more: Oi's Largest Creditors Demand Meeting To Renegotiate Debt Pla

World Bank Sets Spring 2018 Target To Enhance Financial Capacity

Pic: Reuters

WASHINGTON: The World Bank Group is aiming to develop new measures to enhance its financial capacity and have its board decide on them at its next spring meetings in April 2018, a spokesman for the institution said on Saturday.

Read more: World Bank Sets Spring 2018 Target To Enhance Financial Capacity

Qualcomm Files Lawsuits In China To Ban iPhones

Pic: ReutersQualcomm Inc confirmed an earlier report that the chipmaker had filed lawsuits in China, seeking to halt the manufacture and sale of Apple Inc’s iPhones in the country.

Read more: Qualcomm Files Lawsuits In China To Ban iPhones

Bank Negara Approves Sarawak Pay - Abang Johari

KUCHING: Bank Negara Malaysia (BNM) has approved Sarawak's digital payment system, Sarawak Pay, said Chief Minister Datuk Patinggi Abang Johari Tun Openg.

Read more: Bank Negara Approves Sarawak Pay - Abang Johari

M-Mode Proposes To Diversify Into Construction

KUALA LUMPUR: M-Mode Bhd has proposed to diversify into the construction business to secure additional sources of income and enhance its future prospects.

Read more: M-Mode Proposes To Diversify Into Construction

HK's CNQC To Emerge Single Largest Shareholder In Vivocom

KUALA LUMPUR: Vivocom International Holdings Bhd (Vivocom) today announced that its major shareholders have signed term sheets with CNQC International Holdings Ltd.

Read more: HK's CNQC To Emerge Single Largest Shareholder In Vivocom

Wells Fargo Hit By Legal Costs, Revenue Misses Street View

Pic: Reuters

Wells Fargo & Co (WFC.N) earnings scraped past Wall Street estimates but revenue missed for the fourth straight quarter, sending shares of the third-largest U.S. bank by assets down 3 percent in pre-market trading.

Read more: Wells Fargo Hit By Legal Costs, Revenue Misses Street View

Gasoline Boosts U.S. Consumer Prices, But Underlying Inflation Muted

WASHINGTON: U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted.

Read more: Gasoline Boosts U.S. Consumer Prices, But Underlying Inflation Muted

Malaysia-Czech Republic Trade To Increase To 25pc In 1H2017

KUALA LUMPUR: Bilateral trade between the Czech Republic and Malaysia is expected to increase this year following an improved trade performance by both countries by 25 per cent in the first half of 2017 (1H2017).

Read more: Malaysia-Czech Republic Trade To Increase To 25pc In 1H2017