The Malaysian Pulse
Beat of the Nation
Sat, 21 Sep 2019, 9:20 PM
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Topic: G7

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Global forex market
The US dollar traded sideways for the week albeit closing marginally higher by 0.02% to 98.272.
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Currency provision won't be in Japan-US trade deal, says Aso
TOKYO, Sept 17 — Japanese finance minister Taro Aso said today that a currency provision won't be included in a Japan-US bilateral trade deal that the two countries are aiming to conclude by the end...
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Trump says US reaches trade deals with Japan, no vote needed
WASHINGTON, Sept 17 — US President Donald Trump said yesterday that the United States has reached initial trade agreements with Japan on tariff barriers and digital trade that will not require congr...
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Google agrees nearly €1b tax settlement with France
PARIS, Sept 13 — US internet giant Google has agreed a settlement totalling €965 million (RM4.46 billion) to end a tax dispute in France under an agreement announced in court yesterday.
The Star:
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Google agrees €945mil tax settlement with France
US Internet giant Google has agreed a settlement totalling €945mil (RM4.3bil) to end a tax dispute in France.
Free Malaysia Today:
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The true toll of the trade war
Another day, another attack on trade.
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US, China to resume trade talks in Washington in October
BEIJING, Sept 5 — US and Chinese trade negotiators will resume talks in Washington in early October, Beijing said today, after new punitive tariffs raised fears of a breakdown in the protracted nego...
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US, France to lead talks on a global digital tax
France and the United States agreed to take leading roles in talks aimed at reaching a deal on a global digital tax by mid-2020.
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Brazil bans burning for two months to defuse Amazon crisis
Aerial view of deforestation in Nascentes da Serra do Cachimbo Biological Reserve in Altamira, Para state, Brazil, in the Amazon basin.
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Maybank roped in for Penang megaproject
KUALA LUMPUR (Aug 28): Consortium Zenith Construction Sdn Bhd (CZC) said it had overcome a hurdle in the contentious Penang Major Roads and Third Link development as Malayan Banking Bhd (Maybank) had ...
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Maybank roped in for Penang megaproject
KUALA LUMPUR: Consortium Zenith Construction Sdn Bhd (CZC) said it had overcome a hurdle in the contentious Penang Major Roads and Third Link development as Malayan Banking Bhd (Maybank) had been rope...
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Macron must take back 'insults' for Brazil to accept G7 Amazon aid: Bolsonaro
Brazilian President Jair Bolsonaro (photo, above) said on Tuesday he wants French President Emmanuel Macron to withdraw the “insults” made against him before he considers accepting a US$20 million...
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Sources: After blacklisting, US receives 130-plus licence requests to sell to Huawei
WASHINGTON, Aug 28 ― The US Commerce Department has received more than 130 applications from companies for licences to sell US goods to China's Huawei Technologies Co Ltd, three sources said, nearly...
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After blacklisting, US receives 130-plus license requests to sell to Huawei
WASHINGTON: The U.S. Commerce Department has received more than 130 applications from companies for licenses to sell U.S. goods to China's Huawei Technologies...
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Germany posts large public surplus amid budget debate
BERLIN, Aug 27 — Germany today announced a smaller but nonetheless substantial budget surplus for the first half of 2019, amid increasing calls for Berlin to spend more to stave off recession.
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Trade hope helps Asian markets bounce back from sell-off
HONG KONG, Aug 27 — Asian markets mostly rose today, recovering from the previous day's pounding, after Donald Trump said China-US trade talks would resume soon, though the president's sharp changes...
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Leonardo DiCaprio urges gov't action on Amazon fires 'tragedy'
A crisis over burning forest in the Amazon is “incredibly tragic”, actor Leonardo DiCaprio said on Monday, urging governments to do more, amid growing international outrage over the damage to the ...
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US dollar rebounds as Washington, Beijing tamp down trade tensions
TOKYO, Aug 27 — The US dollar held firm today after some signs of rapprochement between Washington and Beijing soothed investors' nerves after trade tensions between the world's biggest economies es...
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Trump not considering US tariffs on Japanese autos 'at this moment'
BIARRITZ, Aug 27 — US President Donald Trump yesterday said the United States would not imminently impose new tariffs on autos imported from Japan as the largest and third-largest economies continue...
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Macron defuses French digital tax row, Trump coy on wine threat
BIARRITZ, Aug 27 — France and the United States reached a deal to end a standoff over a French tax on big internet companies, though US President Donald Trump declined to say whether his threat of a...
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Trump says China trade deal coming, Beijing calls for resolution of dispute
BIARRITZ, Aug 27 — US President Donald Trump yesterday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the worl...
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Wall Street bounces as trade temperature cools
NEW YORK, Aug 27 — US stocks rose yesterday, following a sharp sell-off in the prior session, after US President Donald Trump predicted a trade deal with China, cooling investor concerns after a ram...
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Trump sees possible US-EU trade deal that would avert car tariffs
BIARRITZ, Aug 27 — US President Donald Trump yesterday said he thinks the United States will be able to reach a fair trade agreement with the European Union without imposing threatened tariffs on ca...
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China's yuan slides to 11-year low as trade war rattles investor confidence
LONDON: China’s yuan fell to an 11-year low in the onshore market and a record low offshore yesterday after the latest escalation in the US-China trade war rattled...
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Oil falls 1% as US-Iran optimism faces U.S.-China trade deal hopes
NEW YORK: Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France's president lifted hopes for a deal between Washington...
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Global stocks, US$ rise as US-China trade rhetoric softens
NEW YORK: A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted...
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US stocks rally as Trump claims China wants to talk trade
NEW YORK, Aug 26 — US stocks snapped higher this morning, erasing some of the prior week’s gloom as investors struggled to discern the direction of the US-China trade war.
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G7 pledges millions to help fight Amazon fires
BIARRITZ, Aug 26 — The G7 has agreed to spend €20 million (RM92.46 million) on the Amazon, mainly to send fire-fighting aircraft to tackle the huge blazes engulfing many parts of the world’s big...
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Signs of hope as Trump says US-China trade talks back on
BIARRITZ, Aug 26 — There were signs of a thaw in trade-war tensions between China and the US today as President Donald Trump said delegations would “very shortly” resume talks and Beijing’s to...
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Trump says China trade deal coming, Beijing calls for resolution
BIARRITZ, France/BEIJING: The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump...
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French, US officials strike draft compromise on French digital tax
BIARRITZ, France, Aug 26 — French and US negotiators have reached a compromise agreement on France’s digital tax, a levy which prompted US President Donald Trump to threaten a separate tax on Fren...
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Australia plans to censor extremist online content
Australia plans to block websites to stop the spread of extreme content during "crisis events", the country's prime minister has said.
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Trump says US-China trade talks ‘to start very shortly’
BIARRITZ, Aug 26 — President Donald Trump said today that US and Chinese trade negotiators would “very shortly” resume talks in what he described as a breakthrough in the two economic superpower...
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Japan denies it gave away too much in trade talks with US
TOKYO, Aug 26 — Japan’s top government spokesman denied today that Tokyo made too many concessions in trade talks with the United States, saying the fact the two countries were able to reach a bro...
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Yuan falls to 11-year low on trade war, yen pares early gains
TOKYO, Aug 26 — China’s yuan hit an 11-year low in onshore trade and tumbled to a record low in offshore trade after a sharp re-escalation in the US-China trade war whacked investor confidence and...
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Asia shares sink, bonds surge as trade fears mount
SYDNEY: Asian shares were a sea of red on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the...
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Yen surges, offshore yuan tumbles as trade war intensifies
TOKYO: The yen surged on Monday as investors flocked to safe-haven assets after a sharp re-escalation in the U.S.-China trade war, which whacked investor confidence and...
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Iran says it will not negotiate missile work, wants more oil exports
Iran wants to export a minimum of 700,000 barrels per day of its oil and ideally up to 1.5 million bpd if the West wants to negotiate with Tehran to save a 2015 nuclear deal, two Iranian officials and...
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Trump caught off guard as Iranian minister visits G7 summit town
Iran’s foreign minister paid a visit to a G7 summit in France on Sunday, an unexpected twist to a meeting already troubled by differences between US President Donald Trump and Western allies over a ...
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Yen surges, offshore yuan tumbles as trade war intensifies
TOKYO, Aug 26 — The yen surged today as investors flocked to safe-haven assets after a sharp re-escalation in the US-China trade war, which whacked investor confidence and darkened the global econom...
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Asia shares shaken, yen jumps on China-US trade jitters
SYDNEY, Aug 26 — Asian shares seemed set for a turbulent start today as the latest salvo in the US-China trade war shook confidence in the world economy and sent investors steaming to the safe harbo...
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Trump, Abe say US and Japan have agreed in principle on trade deal
BIARRITZ, France: The United States and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo...
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Asia shares shaken, yen jumps on China-US trade jitters
SYDNEY Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbour of ...
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US equity futures reopen lower, U.S.-China trade relations at new low ebb
NEW YORK: U.S. stock index futures dropped when electronic trading resumed on Sunday, with trade relations between the United States and China appearing to reach...
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Warplanes dump water on Amazon as Brazil begins fighting fires
Brazilian warplanes are dumping water on the burning forest in the Amazon state of Rondonia, responding to a global outcry over the destruction of the world’s largest tropical rain forest, according...
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Mnuchin: Trump could force US firms out of China but ‘has not done that’
WASHINGTON, Aug 25 — US Treasury Secretary Steven Mnuchin today backed up Donald Trump’s assertion that he indeed can force American companies to stop doing business in China, but noted he has yet...
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US, Japan agree trade deal ‘in principle’
BIARRITZ, Aug 25 — US President Donald Trump and Japan’s Prime Minister Shinzo Abe today announced a deal in principle on a major bilateral trade deal.
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Trump’s only regret on China is ‘not raising tariffs higher’
BIARRITZ, Aug 25 — US President Donald Trump today rowed back from a suggestion made just hours earlier that he regrets his trade war with China, saying instead he’s only sorry not to have raised ...
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G7 leaders give Macron nod to send message to Iran
G7 leaders agreed that President Emmanuel Macron should hold talks and pass on messages to Iran after they discussed the issue at a summit in southwestern France on Saturday evening, a French presiden...
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Trump paints picture of unity at prickly G7 summit
US President Donald Trump said on Sunday he was getting along well with Western allies at a G7 summit in France, dismissing reports of rifts among leaders and declaring that they “respect” the tra...
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Trump denies China trade war causing friction at G7
BIARRITZ, Aug 25 — President Donald Trump today denied that his trade war with China is causing friction at the G7 summit, but indicated he will hold off from a threatened further escalation for now...
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Trump says ‘very big’ US-UK trade deal to happen ‘quickly’
BIARRITZ, Aug 25 — US President Donald Trump today said a trade deal with Britain could be reached “quickly”.
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Report: Johnson to tell EU's Tusk UK won't pay £39b under no-deal Brexit
BIARRITZ, Aug 25 — British Prime Minister Boris Johnson is expected to tell European Council head Donald Tusk that the UK will only pay £9 billion (RM46.3 billion) instead of the £39 billion liabi...
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US ‘very close’ to ‘major’ trade deal with Japan, says Trump
BIARRITZ, Aug 25 — President Donald Trump today said the United States and Japan are “very close” to a major bilateral trade deal.
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Johnson to tell EU that UK won't pay £39b under no-deal Brexit
British Prime Minister Boris Johnson is expected to tell European Council head Donald Tusk that the UK will only pay £9 billion (RM46 billion) instead of the £39 billion (RM200 billion) liability ag...
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Johnson seeks to push Trump at fractious G7
BIARRITZ, Aug 25 — British Prime Minister Boris Johnson will today seek to persuade President Donald Trump to offer flexibility on trade and also win concessions from the EU on Brexit, at a G7 summi...
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Squabbles erupt as G7 leaders open summit in French resort
Squabbles erupted among G7 nations on Saturday as their leaders gathered for an annual summit, exposing sharp differences on global trade tensions, Britain’s exit from the EU and how to respond to t...
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Next Bank of England chief must be independent and ‘first class’, says PM Johnson
BIARRITZ, Aug 25 — The next governor of the Bank of England has to be someone who is independent and "first class in every respect", British Prime Minister Boris Johnson said yesterday, declining to...
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Johnson, EU chief in Brexit blame game
BIARRITZ (France), Aug 24 — British Prime Minister Boris Johnson said today that the European Union needed to drop its insistence on the so-called Irish backstop to avoid a “no deal” Brexit.
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China hits out at ‘bullying’ US over new tariffs
BEIJING, Aug 24 — China today angrily hit out at the latest US tariff hikes on its goods, saying a “bullying” Washington would eventually “eat its own bitter fruit”.
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Trump, EU clash over trade at G7 opening
BIARRITZ (France), Aug 24 — US President Donald Trump and EU leaders exchanged trade war threats today as they arrived in France for a G7 summit of wealthy democracies overshadowed by trans-Atlantic...
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Trump says he won't stop Jerome Powell from resigning as Fed Chair
WASHINGTON, Aug 24 ― US President Donald Trump sharply criticised Federal Reserve Chairman Jerome Powell yesterday and said he wouldn't try to stop the chief US central banker if he offered to resig...
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Bursa Malaysia to trade higher next week on bullish divergence
KUALA LUMPUR, Aug 24 ― Bursa Malaysia is expected to trade higher next week on the back of bullish divergence.
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As EU threatens trade retaliation, Brazil sends army to fight Amazon fires
European leaders on Friday threatened to tear up a trade deal with South America, reflecting growing international anger at Brazil as a record number of fires in the Amazon rainforest intensified an u...
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Global trade disputes likely to thwart unity at G7 summit in France
PARIS, Aug 24 ― Leaders of the G7 nations arrive in France today for a summit as a brewing US-China confrontation over protectionism highlighted President Emmanuel Macron's tough task in delivering ...
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Britain wants US trade deal quickly, but terms have to be right, says UK spokeswoman
LONDON, Aug 24 ― Britain wants to agree a post-Brexit trade deal with the United States quickly, but the terms have to work for both sides, a British spokeswoman said yesterday ahead of a meeting be...
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Macron says tech giants enjoy 'permanent tax haven status'
French president Emmanuel Macron, who will defend a global tax on tech giants at this weekend's G7 meeting, criticised a "crazy" system that gives firms a "permanent tax haven status".
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Amazon fires: how celebrities are spreading misinformation
Many high-profile figures seeking to denounce the fires in the Amazon have unwittingly ended up misleading millions on social media.
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Macron's quest for an international tax on digital services explained
French president Emmanuel Macron is pressing ahead with a digital tax in France, a move US president Donald Trump described as 'foolishness'.
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Irish PM: Ireland could try to block Mercosur trade deal on Amazon concerns
DUBLIN, Aug 23 — As wildfires rage through the Brazilian Amazon, Irish Prime Minister Leo Varadkar has said Dublin will vote against a trade deal between the European Union and South American trade ...
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Bursa Malaysia remains mixed at mid-afternoon
KUALA LUMPUR, Aug 23 — Trading on Bursa Malaysia remained mixed at mid-day as the benchmark index inched closer to positive territory while market breadth stayed in red.
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Bursa Malaysia opens lower as financial counters slide
KUALA LUMPUR, Aug 23 ― Bursa Malaysia slipped lower at the opening as heavyweight financial counters led the sell-off ahead of the widely anticipated speech by the US Federal Reserve Chair Jerome Po...
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Bolsonaro says Brazil lacks resources to fight Amazon fires
The Brazilian government lacks the resources to fight a record number of wildfires burning in the Amazon rainforest, President Jair Bolsonaro said on Thursday, weeks after telling donors he did not ne...
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Trump's message to G7 leaders this weekend: Be more like US
WASHINGTON, Aug 23 — President Donald Trump will highlight US economic policies under his stewardship at meetings with other G7 leaders this weekend in France and encourage allies to follow the Amer...
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Eurozone bankers warn of 'more protracted' slowdown
BERLIN, Aug 22 — Eurozone central bankers had worried that an economic slowdown hitting the bloc would drag on, as they prepared the ground for a new package of stimulus measures, according to minut...
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Japan says gaps remain with US on trade after ‘very tough’ talks
WASHINGTON, Aug 22 — Japanese Economy Minister Toshimitsu Motegi said yesterday there were still gaps that needed to be filled before Tokyo and Washington could agree on a bilateral trade deal and t...
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Sterling slips back from recent highs against euro on Brexit talk hopes
LONDON, Aug 19 — Sterling fell back from a near three-week high against the euro today but sentiment towards the pound was better than in recent sessions as investors hoped Britain and the European ...
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Sterling recovers from 10-year low vs euro overnight
Sterling was recovering Monday morning after plunging to a 10-year low against the euro overnight amid bleak British economic data and no-deal Brexit jitters.
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Vietnam wants 10 unicorns by 2030
Vietnam wants to have at least five billion-dollar tech firms, or unicorns, by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.
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Lack of G7, IMF support seen dimming impact of US move on China’s yuan
WASHINGTON, Aug 11 — China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support for th...
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Trump accuses France's Macron of sending 'mixed signals' to Iran
US President Donald Trump on Thursday said no one is authorised to speak to Iran on behalf of the United States, and he accused French President Emmanuel Macron of sending “mixed signals” to Tehra...
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France aiming for US digital tax deal by late August, says minister
PARIS, July 28 — France wants to reach a deal with the US on taxing tech giants by a G7 meeting in late August, Economy Minister Bruno Le Maire said yesterday.
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Fraudsters exploit interest in Libra digital currency
Conmen are making a quick buck tricking those curious about Facebook-backed digital currency Libra, even selling fake investment opportunities on Facebook itself.
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MACC Act to include provision for beneficial ownership: Latheefa
KUALA LUMPUR: The government will amend the Malaysian Anti-Corruption Commission (MACC) Act 2009 to include a provision on beneficial ownership.
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Global stocks gain on Fed rate cut optimism as oil drops
NEW YORK, July 19 ― A gauge of global stocks advanced yesterday, erasing declines on a late rally after comments from a US Federal Reserve policymaker heightened expectations for a rate cut, while o...
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US-China officials discuss trade, Mnuchin eyes possible in-person talks
WASHINGTON, July 19 ― US and Chinese officials spoke by telephone yesterday as the world's two largest economies seek to end a year-long trade war, with US Treasury Secretary Steven Mnuchin suggesti...
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France to lead search for European candidate to head IMF, sources say
CHANTILLY (France), July 18 — French Finance Minister Bruno Le Maire is to lead talks on finding a single European candidate to succeed Christine Lagarde as head of the International Monetary Fund (...
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Facebook’s Libra prospects dim, but cryptocurrencies roll on
While Facebook’s planned global digital coin Libra faces tough opposition from regulators in Washington, analysts say cryptocurrencies are likely to charge on in other countries, possibly leaving America behind.
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France defiant in digital tax showdown with US at G7
CHANTILLY, July 18 — France yesterday said it would push ahead with its law to tax tech giants that has sparked a row with the United States, saying that an international accord was the only way to ...
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G7 finance chiefs pour cold water on Facebook's digital coin plans
CHANTILLY, July 18 — Group of Seven finance chiefs cast a cloud over prospects for Facebook's Libra digital coin yesterday, insisting tough regulatory problems would have to be worked out first.
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Smaller cryptocurrencies feel pain as criticism of Facebook's Libra grows
LONDON, July 17 — Bitcoin hasn't been the only casualty of the backlash by the world's major economic powers against Facebook's plans for a cryptocurrency, with smaller digital coins also feeling th...
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Conditions not in place for Facebook’s Libra to go ahead, says France
CHANTILLY, France, July 17 — Facebook’s Libra digital coin project cannot go ahead in the form it has been presented so far, French Finance Minister Bruno Le Maire said today.
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G7 finance ministers look to rein in tech giants at French meeting
CHANTILLY, July 17 — G7 finance ministers will have the growing powers of big digital firms in their sights when they meet today outside Paris despite divisions about how best to tax them.
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France urges G7 to find 'international solution' on digital taxes
PARIS, July 17 — French Finance Minister Bruno Le Maire yesterday urged the G7 club of top world economic powers to find an international solution to taxing digital giants at their meeting outside P...
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Tech tax set to dominate G7 finance ministers meeting
PARIS, July 15 — A row over taxing tech giants is set to dominate a meeting of G7 finance ministers near Paris this week, with the world’s leading industrialised nations already riven by disruptiv...
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Bitcoin drops more than 10pc as scrutiny of cryptocurrencies grows
LONDON, July 15 — Bitcoin slumped more than 10 per cent over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital...
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France says final G20 communique must mention Paris climate change agreement
PARIS, June 26 — France will not accept a final G20 communique that does not mention the Paris climate change agreement, said an official at the Elysee office of French President Emmanuel Macron.
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Facebook needs to put a hold on plans for Libra, US Congresswoman says
Facebook has recently announced that cryptocurrency Libra will be set to launch next year.
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Over 1,000 firms eyeing 40% civil work portion of ECRL project
KUALA LUMPUR: More than 1,000 construction companies nationwide are eyeing the 40% civil work portion of the RM44 billion East Coast Rail Link (ECRL) project following a pre-qualification (pre-Q) exer...
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Over 1,000 firms eyeing 40% civil works portion of ECRL project
KUALA LUMPUR (June 12): More than 1,000 construction companies nationwide are eyeing the 40% civil works portion of the RM44 billion East Coast Rail Link (ECRL) project following a Pre-Qualification (...
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