Thursday, August 17, 2017

ECONOMIC NEWS


· Press Metal’s 2Q net profit up slightly to RM150m, declares 1.5 sen dividend
· Dialog posts 33% increase in 4Q net profit on higher JV contributions
· Sunway acquires land in Wangsa Maju for RM51m
· Taliworks 2Q net profit plunges 92% on higher operating costs
· Pharmaniaga’s 2Q net profit down 36% on temporary closure of certain production lines
· Paramount’s 2Q net profit down 39% on lower property segment earnings
· Fed policymakers grow more worried about weak inflation
· As Nafta talks begin, Trump’s ‘America First’ agenda looms large
· US oil drillers keep pressure on OPEC with record shale output
· US housing starts, permits down sharply in July
· China regains spot as largest foreign US creditor
· China's Belt and Road acquisitions surge despite outbound capital crackdown

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