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Trump approves Keystone XL pipeline, hails ‘great day’ for jobs

Trump approves Keystone XL pipeline, hails ‘great day’ for jobs

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.

Europe stock markets on edge ahead of US healthcare vote

Europe stock markets on edge ahead of US healthcare vote

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.

Samsung backs away from planned split

Samsung backs away from planned split

The world’s biggest smartphone maker Samsung, assailed by a shambolic recall and embroiled in South Korea’s wide-ranging corruption scandal, yesterday backed away from a planned corporate restructuring.

No reason to withdraw stimulus now

No reason to withdraw stimulus now

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.

Russia reboots easing with surprise interest rate cut

Russia reboots easing with surprise interest rate cut

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.

Scrapping TPP a mistake as China fills void: Froman

Scrapping TPP a mistake as China fills void: Froman

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 set to increase employees in China by up to 1,000 in 2017

HSBC set to increase employees in China by up to 1,000 in 2017

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.

Westinghouse to file for bankruptcy on March 31

Westinghouse to file for bankruptcy on March 31

Japan’s Toshiba Corp has informed its main lenders it is planning for US nuclear unit Westinghouse Electric Co LLC to file for bankruptcy on March 31, people briefed on the matter said yesterday.

Philippines allows suspended miners to ship out nickel ore

Philippines allows suspended miners to ship out nickel ore

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 ad boycott could aim ire at serving software

Google ad boycott could aim ire at serving software

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.

Malaysia small-caps are too hot to handle for top manager

Malaysia small-caps are too hot to handle for top manager

The surge in Malaysian small caps over the last few months may be reason enough to avoid buying many of them now.

Asian bourses end higher

Asian bourses end higher

Asian markets tentatively rose yesterday as they look to a delayed vote on US healthcare reform whose passage is seen as crucial to the future of Donald Trump’s growth-drive agenda.

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