Tue, 20 Aug 2019, 2:25 AM
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Topic: US

Malay Mail:
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NEW YORK, Aug 19 — The steadying of the US Treasury market and talk of economic stimulus in Germany and China helped lift Wall Street stocks early today.
Malay Mail:
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FRANKFURT, Aug 19 — The German economy could enter a recession in the third quarter, the Bundesbank warned today, as the debate on government measures to support the economy swelled in Berlin.
Tech in Asia:
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Line Pay Corp., operator of the Japanese messaging app’s mobile money transfer and payment services, announced that its merchants have been integrating Chinese competitor WeChat Pay since August 9 o...
Tech in Asia:
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Southeast Asia often makes headlines for its immense growth potential, with a rising mobile economy and increasing GDP.
Tech in Asia:
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Which are the startups that are on the path to becoming the next big thing?
The Star:
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A senior official at the European Central Bank warned that banks embracing external data storage and other digital technology need to face an uncomfortable truth: there’s a good chance they’ll get hacked.
The Star:
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The relationship between US President Donald Trump and the largest US technology companies has often been frosty but a common opponent – France’s plan to tax US tech giants – will bring the two sides together, at least temporarily.
The Star:
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Equipment such as road sensors, laser and microwave radars, panoramic video surveillance, were tested at the highway. China is targeting for smart vehicles to account for half of all new cars sold at home by 2020.
Malay Mail:
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LONDON, Aug 19 — Stock markets rallied today after US President Donald Trump’s top economic adviser hailed “positive” trade talks with Chinese negotiators.
Malay Mail:
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KUALA LUMPUR, Aug 19 — A lack of job opportunities and investments has caused Malaysia’s economy to stagnate, says a deputy minister.
The Edge Markets:
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KUALA LUMPUR (Aug 19): The FBM KLCI failed to stay above the 1,600-point mark at the close today after late selling erased earlier gains.
Malay Mail:
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KUALA LUMPUR, Aug 19 — The ringgit ended slightly higher against the US dollar today, tracking global cues on hopes that major economies will launch stimulus measures to counter a global economic sl...
Malay Mail:
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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 ...
The Star:
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KUALA LUMPUR: Bursa Malaysia was the only market among the regional Asian markets to end in the red on Monday on continued foreign fund selling despite a firmer economic outlook.
Free Malaysia Today:
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KUALA LUMPUR: The High Court here today fixed Sept 11 to hear two applications filed by the former prime minister’s wife, Rosmah Mansor, including seeking RM500,000 in security costs from Lebanese j...
Malay Mail:
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KUALA LUMPUR, Aug 19 — Bursa Malaysia wrapped up the day mixed after a range-bound trading day, as investors awaited further market direction amid global uncertainty.
Malay Mail:
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KUALA LUMPUR, Aug 19 — Malaysian-born author Zen Cho has won the prestigious Hugo award, arguably the premier prize for the best work in science fiction.
The Edge Markets:
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KERETAPI Tanah Melayu Bhd (KTMB) CEO Mohd Rani Hisham Samsudin will be stepping down after two years at the helm when his current contract expires next month, sources say.
Free Malaysia Today:
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KUALA LUMPUR: Goldman Sachs Group Inc has appointed a lawyer to observe the 1MDB trial of former prime minister Najib Razak.
The Star:
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KUALA LUMPUR (Bloomberg): Goldman Sachs Group Inc has appointed a lawyer to observe the 1Malaysia Development Berhad (1MDB) trial of former prime minister Datuk Seri Najib Razak.
kopiandproperty.com:
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Everyday, I could see feverish work on the MRT SSP (Line 2).
Tech in Asia:
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Singapore-based venture capital firm East Ventures has been named one of the most “consistent top performing venture capital fund managers” in the world in the latest report by research company Pr...
Lowyat.NET:
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The Apex Legends’ Iron Crown event has turned out to be quite the disaster.
Lowyat.NET:
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If you’ve been looking forward to getting your hands on the Nintendo Switch with its updated battery, you may be out of luck.
The Star:
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US wireless carriers have long said they may slow video traffic on their networks to avoid congestion and bottlenecks. But new research shows the throttling happens pretty much everywhere all the time.
The Star:
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Amazon.com Inc is designating products sold by certain companies as “top brands”, a test that if widely implemented could ease tension between the online retail giant and big-name companies used to favorable positioning at brick-and-mortar retailers.
Malay Mail:
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LONDON, Aug 19 — The euro steadied today after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil.
The Edge Markets:
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THE widely expected 25 basis points (bps) rate cut by the US Federal Reserve last month pretty much confirmed that low interest rates are here to stay.
The Edge Markets:
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WHILE talk of a third national car has intensified, one vehicle that clearly needs a jumpstart is the stock market and its benchmark index, the FBM KLCI.
The Edge Markets:
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AMID the escalating China-US trade — and now currency — war, economists caution that the ringgit will suffer some collateral damage.
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High Court judge Collin Lawrence Sequerah will likely decide on Monday (Aug 19) the commencement date for Datuk Seri Najib Razak’s 1Malaysia Development Bhd (1MDB) trial — also known as the Tanore...
The Edge Markets:
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KUALA LUMPUR (Aug 19): There will be downside risks to Malaysia’s economy in 2019 after recording stronger gross domestic product (GDP) in the second quarter (2Q), but a recession is not in sight, s...
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KUALA LUMPUR (Aug 19): Goldman Sachs is holding a watching brief in the trial on former Prime Minister Datuk Seri Najib Razak's alleged money laundering of RM2.28 billion from 1Malaysia Development Bh...
Malay Mail:
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KUALA LUMPUR, Aug 19 — The Balance of payments (BOP) is expected to narrow further in the second half this year, as global trade remained weak, according to Kenanga Research.
The Star:
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KUALA LUMPUR: The FBM KLCI was slightly softer in the morning session despite a rally in regional markets on the back of China's move to reduce borrowing costs for companies.
Malaysiakini:
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Most Southeast Asian stock markets gained on Monday, as hopes that central banks around the world would unleash new stimulus to boost growth eased concerns over a global recession.
Malaysiakini:
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US President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global b...
Malaysiakini:
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There will be downside risks to Malaysia’s economy in 2019 after recording stronger GDP in the second quarter, but a recession is not in sight, said RHB Bank in its economic view today.
Malay Mail:
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KUALA LUMPUR, Aug 19 — Bursa Malaysia continued its decline last week, marking the sixth week of losses last seen in May to June 2015, in line with performances of regional peers, said MIDF Amanah I...
Tech in Asia:
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Ride-hailing companies are fast embracing the super app concept.
Lowyat.NET:
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Not too long after the US government’s initial ban on Huawei, the former is allowing the company to buy products from American suppliers once again.
The Star:
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SEATTLE: As Amazon looks for more ways to sell everything to everyone, its latest experiment with physical stores borrows some of the company’s oldest online shopping inventions.
The Star:
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JPMorgan Chase, the largest US bank, says New York-based Persado’s “artificial intelligence message machine” wrote ads that generated two to five times the response it got from traditional human copywriters.
The Star:
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Just a few months after TV critics anointed 'Tuca & Bertie' one of the best TV shows of 2019, series creator Lisa Hanawalt got the bad news: Netflix Inc wasn’t ordering a second season of the animated comedy.
Malaysiakini:
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LETTER | Bank Negara usually retains more than 7 months of reserves in US dollar, which is considered healthy.
The Edge Markets:
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Genting Malaysia Bhd has come out to defend its purchase of a 35% stake (fully diluted) in Empire Resorts Inc, a financially troubled US casino, from Kien Huat Realty III Ltd, which is left with an es...
Malay Mail:
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WASHINGTON, Aug 19 — A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released today.
Malay Mail:
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KUALA LUMPUR, Aug 19 — There will be downside risks to Malaysia’s economy in 2019 after recording stronger gross domestic product (GDP) in the second quarter (Q2), but a recession is not in sigh...
The Star:
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NEW YORK: Investors should stick with their stocks despite the sell-off this week because it would be harder to time the market and get back in, according to Brian Levitt, global market strategist for North America at Invesco.
Malaysiakini:
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China's embassy in Ottawa warned Canada on Sunday to stop meddling in Hong Kong affairs a day after the country issued a joint statement with the European Union in defence of the "fundamental right of...
The Edge Markets:
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KUALA LUMPUR (Aug 19): Sale by foreign funds of Malaysian equity slowed to RM598.1 million last week, from RM1.04 billion the prior week, according to MIDF Amanah Investment Bank Bhd Research.
The Edge Markets:
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KUALA LUMPUR (Aug 19): The uptrend of the FBM KLCI this morning was short-lived after the index went into reverse gear and dipped at mid-morning.
Malay Mail:
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WASHINGTON, Aug 19 — US President Donald Trump yesterday warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protesters would harm trade talks between the tw...
The Star:
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KUALA LUMPUR: AmInvestment Research has upgraded Salutica to Buy from Sell with a higher fair value of 61 sen a share (previously 20 sen).
The Star:
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LONDON: The world’s headlong dash to zero or negative interest rates just passed another milestone: A bank in Denmark is paying homebuyers to take out mortgages.
The Star:
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Chicago: The 125 family members that control Cargill Inc got the biggest payout since 2010 as the top privately held US firm posted the strongest two-year performance in at least a decade, company accounts show.
The Star:
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SOFTBANK Group Corp’s Latin America foray, a multibillion-dollar deal spree that minted a wave of “unicorns” and upended the region’s startup landscape, is just getting started.
Channel NewsAsia:
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SEMPORNA, Sabah: Malaysia’s marine police detained nine people from Sintangkai, Philippines, for attempting to enter the country illegally via the waters of Sabah’s Pulau Sisipan on Sunday (Aug 18...
The Edge Markets:
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KUALA LUMPUR (Aug 19): The ringgit opened slightly higher against the US dollar on mild buying support for the domestic unit amid stronger second-quarter economic growth announced last Friday.
Malay Mail:
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KUALA LUMPUR, Aug 19 — Bursa Malaysia rebounded to opened higher as the indices moved in line with regional peers backed by optimism that the trade dispute between the US and China would de-escal...
Malay Mail:
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KUALA LUMPUR, Aug 19 — The ringgit opened slightly higher against the US dollar on mild buying support for the domestic unit amid stronger second-quarter economic growth announced last Friday.
Malay Mail:
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TOKYO, Aug 19 — Safe-haven currencies such as the yen and Swiss franc were under pressure today as expectations policymakers would unleash new stimulus eased immediate concerns about a slowing globa...
The Star:
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KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on mild buying support for the domestic unit amid stronger second-quarter economic growth announced last Friday. At 9.06 am, the ringgit stood at 4.1750/1780 against the greenback from 4.1760/1810 recorded at last Friday’s close.
The Star:
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KUALA LUMPUR: JF Apex Research expects Pintaras Jaya Bhd, Pentamaster Corp Bhd, Dialog Group Bhd, Guocoland (M) Bhd and Elsoft Research Bhd to be among the stocks to watch on Monday.
The Star:
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CTOS Holdings Sdn Bhd’s unit, CTOS Data Systems Sdn Bhd has launched ‘CTOS SME Score’ to provide an easy and universal assessment for creditworthiness for the small and medium enterprises (SMEs).
The Edge Markets:
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KUALA LUMPUR: In times of economic uncertainty, a weak currency may ring alarm bells, raising concerns that a soft ringgit will result in higher cost of living and dearer imports.
The Edge Markets:
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KUALA LUMPUR: Khazanah Nasional Bhd has pumped another RM300 million into the country’s flag carrier Malaysia Airlines Bhd, via its holding company Malaysia Aviation Group Bhd (MAG), taking the tota...
Malay Mail:
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TOKYO, Aug 19 — Asian stocks rose today as hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany and China soothed investors’ fears of...
The Star:
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SINGAPORE: The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from US companies so that it can service existing customers.
The Star:
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GEORGE TOWN: Flexible packaging materials producer SLP Resources Bhd expects its revenue and net profit to stay flat for the 2019 financial year despite more cost-effective production as a result of lower resin prices.
The Star:
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KUCHING: LONGi Green Energy Technology Co is investing an additional RM500mil in new manufacturing facilities to boost production of solar products in the Samajaya Free Industrial Zone here.
The Star:
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Cleveland is moving to test high-tech sophisticated audio equipment that can aid police by detecting gunshots and pinpointing the location where they were fired.
Malay Mail:
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WASHINGTON, Aug 19 — President Donald Trump said yesterday that he had spoken with Apple Inc’s Chief Executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition fro...
Malay Mail:
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WASHINGTON, Aug 19 — US President Donald Trump yesterday said he did not want the United States to do business with China’s Huawei even as the administration weighs whether to extend a grace perio...
The Star:
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KUALA LUMPUR: Maybank Kim Eng Group says a recession in 2019 is unlikely but there is a possibility of it happening in the second half of 2020.
The Star:
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HONG KONG: Protest-battered Hong Kong should also brace itself for an “economic typhoon” caused by the US-China trade war and recent political unrest in the city, financial secretary Paul Chan wrote in a blog post.
Digital News Asia:
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In line with its drive towards building trust in the cybersecurity industry, Kaspersky on Fri Aug 16 announced the opening of its first Transparency Center in Asia Pacific, in partnership with CyberSe...
Lowyat.NET:
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Talk about a change of pace for Apple.
theSun:
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PUTRAJAYA: Malaysia has outperformed Singapore in the second quarter this year by recording a Gross Domestic Product (GDP) growth of 4.9% year-on-year (y-o-y), from 4.5% in the previous quarter.
Tech in Asia:
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99.co, a property marketplace focused on Indonesia and Singapore, has raised a US$15 million series B round, the company’s public filing shows.
Malaysiakini:
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The strong 4.9 percent Gross Domestic Product (GDP) growth in the second quarter of 2019 (Q2 2019) is an indication that the country’s economy is on the right direction and on the path to recovery, ...
Malaysiakini:
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The foreign selling of Malaysian equities is likely to persist in the near term, amidst the weak sentiment driven by the external market.
The Star:
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Motorola's latest One Action features an 'action camera' that will capture them on the go – and in horizontal format.
The Star:
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US Vice Admiral lauds cooperation between the United States Coast Guard, US Navy, Royal Malaysian Navy and the Malaysian Maritime Enforcement Agency (MMEA).
Free Malaysia Today:
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GOMBAK: Malaysia’s former chief civil aviation official, Azharuddin Abd Rahman, said why Malaysia had not taken the lead in the investigations into the shooting down of MH17 as the country was still...
Malay Mail:
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LONDON, Aug 17 — Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported today.
SoyaCincau.com:
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Okay, so this is pretty scary.
Malaysiakini:
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Malaysia's economic growth for the second half of this year is set to be healthy and driven by the ongoing mega projects, despite the current global economic uncertainties, says Maybank Kim Eng Group ...
theSun:
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KUALA LUMPUR: Malaysia’s second quarter 2019 gross domestic product (GDP) growth which expanded to 4.9% year-on-year, from 4.5% in the previous quarter, continues to highlight the country’s resili...
Malay Mail:
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KUALA LUMPUR, Aug 17 — Malaysia’s economic growth for the second half of this year is set to be healthy and driven by the ongoing mega projects, despite the current global economic uncertainties, ...
Free Malaysia Today:
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KUALA LUMPUR: Malaysia’s second quarter 2019 gross domestic product (GDP) growth, which expanded to 4.9% year-on-year from 4.5% in the previous quarter, showed the country’s resilience amid the ch...
The Star:
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KUALA LUMPUR (Bernama): Malaysia's second quarter 2019 gross domestic product (GDP) growth continues to highlight the country's resilience amid the challenging global environment.
Malay Mail:
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WASHINGTON, Aug 17 — Donald Trump said yesterday that tech giant Apple would be spending “vast sums” of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook.
Malay Mail:
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KUALA LUMPUR, Aug 17 ― Malaysia’s second quarter 2019 gross domestic product (GDP) growth which expanded to 4.9 per cent year-on-year, from 4.5 per cent in the previous quarter, continued to highl...
Malay Mail:
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NEW YORK, Aug 17— Lower US interest rates could help support outperforming US homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve s...
Malaysiakini:
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COMMENT | Malaysia yet again beats market expectations with its second quarter 2019 GDP growth accelerating to 4.9 percent year-on-year, from 4.5 percent in the previous quarter.
The Edge Markets:
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From Aug 3 to Aug 5, the Melaka in Fact (www.melakainfact.com) team hosted a conference, themed “Melaka in the Long 15th Century”. The conference lined up Malaysian and international speakers to d...
Malay Mail:
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KUALA LUMPUR, Aug 17 — The ringgit is expected to trade in a cautious mood next week, while moving in a tight range of between 4.17 and 4.19 against the US dollar as sentiment for USD/MYR remained f...
Malay Mail:
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SINGAPORE, Aug 17 — The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from US companies so that it can service ex...
Malay Mail:
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KUALA LUMPUR, Aug 17 — Bursa Malaysia is expected to trade range bound next week against the backdrop of global volatility and despite a stronger than expected second quarter gross domestic product ...