True to his pledge, President Donald Trump gave final approval yesterday for TransCanada to build the controversial Keystone XL oil pipeline, overriding environmental concerns in favour of boosting jobs and energy supply.
European stock markets wobbled yesterday as investors looked to a key vote on US healthcare reform whose passage is seen as crucial to the future of Donald Trump’s growth agenda.
Bank of Japan governor Haruhiko Kuroda said there is “no reason” to raise the bank’s bond yield targets now with inflation so far from its 2% target, offering his strongest denial to date of the chance of withdrawing its massive stimulus any time soon.
The Bank of Russia turned the page on a six-month pause in rate cuts, reducing borrowing costs in a surprise move that broke with its guidance last month.
Former US Trade Representative Michael Froman said the goals of a 12-nation Pacific trade pact he helped negotiate are likely to live on in some fashion and that President Donald Trump’s decision to abandon the agreement was a “terrible mistake.”
HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business’s regional head said, most of them in the Pearl River Delta, the heart of the bank’s growth strategy in China.
The Philippines’ environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world’s top exporter of the raw metal after a major crackdown.
Google’s money-making foundation is strong enough to endure a current boycott by advertisers, but the movement could rattle the practice of software “programmed” ad placement, analysts said yesterday.
The surge in Malaysian small caps over the last few months may be reason enough to avoid buying many of them now.