http://s3media.freemalaysiatoday.com/wp-content/uploads/2017/07/saudi-uk.jpg

Finance

On Sunday US president Donald Trump spoke to the leaders of Saudi Arabia , the UAE and Qatar to discuss his "concerns about the ongoing dispute". Meanwhile, Qatar's Defense Minister Khalid al Attiyah said on Sunday country is ready to defend itself if necessary. Several other Muslim nations also downgraded their diplomatic ties with Qatar .
  • McCain: Americans 'stupid' to travel to North Korea

    McCain: Americans 'stupid' to travel to North Korea

    Finance

    US President Donald Trump said Tuesday that it was "a total disgrace" that American college student Otto Warmbier died just days after he was released from North Korea in a coma after a long detention. Surrounded by his loving family, Otto died", his parents Fred and Cindy Warmbier wrote Monday. He was convicted less than two months later and sentenced to 15 years of hard labor.
  • Trump confirms he's under investigation, fires angry tweets

    Trump confirms he's under investigation, fires angry tweets

    Finance

    Several White House officials and Trump associates insisted on anonymity in order to discuss the president's views of the unfolding investigation. "Americans should exercise caution before accepting as true any stories attributed to anonymous 'officials, ' particularly when they do not identify the country - let alone the branch or agency of government - with which the alleged sources supposedly are affiliated".
  • Amazon's effort to sell prescription drugs gets boost with Whole Foods acquisition

    Amazon's effort to sell prescription drugs gets boost with Whole Foods acquisition

    Finance

    But shares of Whole Foods shot up 29.1 percent to close at $42.68, while Amazon jumped 2.4 percent to $987.71, a gain of $11.3 billion in market capitalization, close to the value of the deal itself. "As such, we are not surprised that many of our food names saw stock prices drop off on Friday, given the likelihood that Amazon will use the 365 brand as a focal point of its online food offering ".
  • Chinese insurer reportedly detained amid financial probe

    Chinese insurer reportedly detained amid financial probe

    Finance

    In a brief statement issued in Beijing , Anbang said Chairman Wu Xiaohui's duties would be managed by other senior executives, and that its business was operating normally. On Monday, the magazine Caijing reported that Wu, who founded Anbang in 2004 and built it into one of China's biggest insurers, was detained last week by insurance regulators.
  • Marsh Gets Two Buyers At 26 Stores

    Marsh Gets Two Buyers At 26 Stores

    Finance

    The court filing posted Tuesday says Fishers-based Marsh is seeking court approval to sell 15 stores to Findlay-based Fresh Encounter parent Generative Growth LLC for about $8 million and 11 stores to Kroger Co . Kroger subsidiary Topvalco made a $16 million offer on 11 Marsh stores, including two each in Indianapolis, Zionsville, Muncie and Bloomington. Further, it asserted that even if the condition did apply to buyers, the language was "unenforceable under the bankruptcy code".
  • US consumer prices slipped 0.1 per cent in May

    US consumer prices slipped 0.1 per cent in May

    Finance

    The Commerce Department said on Wednesday retail sales fell 0.3 percent last month after an unrevised 0.4 percent increase in April. The increase in the short-term rate by a quarter-point to a still-low range of 1 percent to 1.25 percent could lead to higher borrowing costs for consumers and businesses and slightly better returns for savers.
  • US oil production seen thwarting OPEC effort to boost prices

    Finance

    In addition, Opec's monthly report showed output from the group rose by 336,000 bpd in May to 32.14 million bpd, led by a recovery in Nigeria and Libya which are exempt from supply cuts. Qatar crisis will have a very little impact on global oil prices as the country is not a major producer of Oil . "OPEC will therefore have to cut production further next year to ensure that the oil market is not oversupplied".
  • GE CEO Immelt stepping down, Flannery to take over role

    GE CEO Immelt stepping down, Flannery to take over role

    Finance

    In this Monday, May 8, 2017, file photo, General Electric CEO Jeff Immelt speaks during a groundbreaking ceremony at the site of GE's new headquarters, in Boston. Jeff Immelt, who has led General Electric since 2001, is stepping down . Investors have been unhappy with the way Immelt struggled to "connected with investors" over the past decade.
  • Canada says Boeing is trusted partner despite Bombardier dispute

    Canada says Boeing is trusted partner despite Bombardier dispute

    Finance

    Boeing's complaint also prompted Foreign Affairs Minister Chrystia Freeland to order a review of the planned Super Hornet deal, saying "there will be consequences" for Boeing. Sajjan also made a pitch for the defence industry to help Canada with its broader agenda with the USA - keeping borders open to trade in the face of possible protectionist action by the Donald Trump administration.