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Indian consumers most optimist in region despite note-ban: Report

New Delhi, Jan 16 (IANS) Indian consumers remain the most optimistic in the Asia-Pacific region and their outlook on economy and stock market showed highest levels of confidence even after their government's recent demonetisation measure, a report said on Monday. "Consumers in India remain extremely optimistic in their outlook for the next six months," said the Mastercard Index of Consumer Confidence for the second half of 2016, released on Monday. India topped the Asia-Pacific region as the most optimistic market despite recording a slight dip of 2.4 points in the overall consumer confidence, to 95.3 points, it said.

Mudajaya expects 2016 earnings to be impacted by KLRCA decision

KUALA LUMPUR: Mudajaya Group Bhd, currently on an adjudication claim to seek more than RM175 million from CMC Machipex Sdn Bhd, expects the Kuala Lumpur Regional Centre For Arbitration (KLRCA) decision to have a negative impact of RM98.35 million on the group’s earnings. In a statement to Bursa Malaysia, the construction and property development group said it had sought payment claims for work done totalling RM175.33 million (principal sum) plus late payment interest and cost from CMC in adjudication proceedings that began in October 2015. CMC engaged Mudajaya Corp as the subcontractor to execute and complete certain works associated with TNB Janamanjung Sdn Bhd’s RM6 billion ultra-supercritical coal-fired 1,000MW power plant project in Manjung, Perak.

MIDEAST STOCKS-Sinking banks drag down Saudi stocks, rest of region mixed

* Earnings miss at Riyad Bank prompts slide by sector * Oil shipper Bahri sinks on Q4 earnings * Qatar National Bank closes firm despite earnings miss * Egypt's Global Telecom drops on plan to cancel GDRs * But Commercial International Bank climbs on HSBC upgrade By Andrew Torchia DUBAI, Jan 16 (Reuters) - A slide in banking shares after earnings at a major bank missed analysts' estimates dragged down Saudi Arabia's stock market on Monday, while markets in the rest of the region were mixed. ...

Germany's Schaeuble warns Trump over protectionism: WSJ

German Finance Minister Wolfgang Schaeuble has issued a warning to U.S. President-elect Donald Trump over the dangers of protectionist trade policies, adding that what he called "fake news" coming out of Russia amounted to a propaganda war. "Whoever wants growth - and I trust this administration will be a growth-friendly one - must be in favor of open markets," Schaeuble told the Wall Street Journal in an interview. The paper said Schaeuble was speaking before the publication of a Trump interview with German daily Bild, in which the president-elect threatened to impose a border tax of 35 percent on vehicles imported to the U.S. market.

Germany's Schaeuble warns Trump over protectionism - WSJ

German Finance Minister Wolfgang Schaeuble has issued a warning to U.S. President-elect Donald Trump over the dangers of protectionist trade policies, adding that what he called "fake news" coming out of Russia amounted to a propaganda war. "Whoever wants growth - and I trust this administration will be a growth-friendly one - must be in favour of open markets," Schaeuble told the Wall Street Journal in an interview. The paper said Schaeuble was speaking before the publication of a Trump interview with German daily Bild, in which the president-elect threatened to impose a border tax of 35 percent on vehicles imported to the U.S. market.

Profit growth pickup could justify Wall Street rally

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York CityBy Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations. Fresh from a year-long decline in quarterly profits, companies in the benchmark S&P 500 are expected to report their bottom lines grew by 6.2 percent in the fourth quarter, the latest Thomson Reuters data shows, the strongest growth since a 7.0 percent increase in the same quarter of 2014. As a result, some strategists say, investors may see a larger-than-usual number of companies posting results that beat Wall Street's estimates in the weeks ahead.

BUZZ-Saudi's Bahri sinks on Q4 earnings miss

Jan 16 (Reuters) - ** Shares in Bahri, exclusive oil shipper for Saudi Aramco , sink 4.6 percent to 41.90 riyals ** Company reported net profit of 327.8 million riyals ($87.4 million) for three months to Dec. 31, versus year-earlier 566.4 million riyals ** Alistithmar Capital and Albilad Capital had forecast 454.60 million riyals and 431. ...

BUZZ-Riyad Bank shares sag after Q4 earnings tumble

Jan 16 (Reuters) - ** Shares in Riyad Bank, Saudi Arabia's fourth-largest lender by assets, drop 2.3 percent to 10.85 riyals ** Bank posted 65.6 percent fall in fourth-quarter net profit to 293 million riyals ($78 million); analysts polled by Reuters had on average forecast 780 million riyals ** It cited 47. ...

BUZZ-Qatar National Bank drops on Q4 earnings miss

Jan 16 (Reuters) - ** Shares in Qatar National Bank , Gulf's largest lender, drop 1.8 percent to 163.00 riyals ** Bank reported 8.3 percent increase in fourth-quarter net profit to 2.75 billion riyals ($755 million); EFG Hermes had forecast 2.99 billion riyals and SICO Bahrain, 3. ...

Most Asian markets decline as the pound slides to three-month low amid fears of a hard Brexit

Most Asian markets decline as the pound slides to three-month low amid fears of a hard BrexitMost Asian stock market indices were trading lower on Monday (16 January) with the Shanghai Composite down 0.98% at 3,082.23 as of 5.49am GMT, following a drop in the sterling to a three-month low. As of 12:47am EST, the pound was trading 1.2% lower at 1.2036 to the US dollar, ahead of Prime Minister Theresa May's speech scheduled on Tuesday. It is feared that she would signal that the UK was prepared to make a clean and hard exit from the European Union (EU).


Top stories of the hour

Reports: Istanbul mass-killing suspect caught
Mon, 16 Jan 2017 23:12:02 +0000

The alleged attacker. (AP)The alleged gunman who killed 39 people during a New Year's Eve attack on a nightclub has been arrested, according to Turkish media.

Last astronaut to walk on moon dies
Mon, 16 Jan 2017 22:57:36 +0000

Gene Cernan (Getty Images)Gene Cernan, who returned to Earth with a message of "peace and hope for all mankind," passes away at 82.

Obama hosts Chicago Cubs at White House
Mon, 16 Jan 2017 22:45:54 +0000

Obama hosts Chicago Cubs at White House. (AP)Cubs players filed into the White House for Obama's final ceremony for a championship sports team.

King's daughter's message to America
Mon, 16 Jan 2017 22:37:12 +0000

Bernice King (Branden Camp/AP)Bernice King encourages Americans to fight for her father's vision "no matter who is in the White House."

Trump continues his Twitter assaults
Mon, 16 Jan 2017 22:11:39 +0000

President-elect Donald Trump shakes hands with Martin Luther King III, son of Martin Luther King Jr. at Trump Tower in New York, Monday, Jan. 16, 2017. (AP Photo/Andrew Harnik)President-elect Trump lashed out at critics in the intelligence community and Democrats who are vowing to skip his swearing-in ceremony.

NewsWatch: Stocks may need a flawless earnings season to keep Trump rally going
Mon, 16 Jan 2017 22:00:09 +0000

An optimistic earnings season may run into the buzz saw of a self-fulfilling “sell the inauguration” prophecy if quarterly results are not near flawless in the coming week.

The Wall Street Journal: Donald Trump says he might still have a job for Chris Christie
Mon, 16 Jan 2017 20:58:42 +0000

The New Jersey governor’s term expires one year from now.

The Wall Street Journal: Chicago’s champion Cubs check in with the Commander-in-Chief
Mon, 16 Jan 2017 20:12:58 +0000

The Chicago Cubs waited 108 years to win the World Series.

EU's response to Trump: We'll stay united
Mon, 16 Jan 2017 20:05:44 +0000

The German tabloid Bild Zeitung features an exclusive interview with U.S. President-elect Donald Trump. (Sean Gallup/Getty Images)European Union nations reacted with surprise and defiance to comments made by President-elect Donald Trump.

The Wall Street Journal: South Korea seeks to arrest Samsung heir in widening corruption scandal
Mon, 16 Jan 2017 19:23:29 +0000

The arrest warrant for Lee Jae-yong is the latest development in a political corruption scandal that has rocked South Korea and has led to the impeachment of President Park Geun-hye.

The Wall Street Journal: China braces for a shakeup of its relations with the U.S. under Trump
Mon, 16 Jan 2017 19:17:34 +0000

The incoming U.S. administration appears determined to shake the foundations of U.S.-China relations yet has provided few details about its precise policy plans.

Springsteen cover band out of Trump event
Mon, 16 Jan 2017 19:07:00 +0000

Cover band drops out of Trump inauguration. (Rolling Stone)"We didn't want to seem disrespectful, in any way, shape or form, to Bruce and his music and his band," the band's keyboardist and manager says.

Is Amazon’s new credit card for Prime members worth it?
Mon, 16 Jan 2017 18:44:12 +0000

There’s yet another way to buy things from the online retail giant.

Syrian rebels to attend peace talks
Mon, 16 Jan 2017 18:18:31 +0000

Syrian rebels to attend peace talks in Kazakhstan. (AP)The talks in Astana, Kazakhstan, are set in hopes of ending the nearly six-year-old conflict.

The Wall Street Journal: Orlando nightclub gunman’s wife charged in connection with attack
Mon, 16 Jan 2017 18:11:51 +0000

Noor Salman is facing three separate charges, which include obstruction of justice.

Hundreds of Marines in Norway irk Russia
Mon, 16 Jan 2017 18:07:30 +0000

U.S. Marines arrive in Stjordal, Norway. (Reuters)Officials played down any link between the operation and NATO concerns over Norway's Arctic neighbor.

Market Snapshot: Stocks may need a flawless earnings season to keep Trump rally going
Mon, 16 Jan 2017 18:04:03 +0000

An optimistic earnings season may run into the buzz saw of a self-fulfilling “sell the inauguration” prophecy if quarterly results are not near flawless in the coming week.

Key Words: German minister to Trump after tax threat: ‘The U.S. needs to build better cars’
Mon, 16 Jan 2017 18:03:44 +0000

Sigmar Gabriel, Germany’s economy minister, responds to Trump’s warning of high tariffs for imported German car models by saying it’s the wrong response to a failing U.S. auto industry.

The Moneyologist: My stepfather left $1 million to strangers and dead people
Mon, 16 Jan 2017 18:02:36 +0000

All of this man’s immediate family were left out of his trust.

Dozens reported dead as Syrians fight ISIS
Mon, 16 Jan 2017 17:55:53 +0000

A Syrian army gunman at a military airport in Deir Ezzor. (Thaer al-Ajlani/AFP)At least 82 people have been killed in the fighting, the heaviest in the city in a year, the Syrian Observatory for Human Rights said.

Trump pick for NSC role turns it down
Mon, 16 Jan 2017 17:45:19 +0000

Monica Crowley, talk radio personality, stands in the lobby of Trump Tower in Manhattan, New YorkMonica Crowley, the foreign policy adviser tapped for a White House job under the president-elect, will relinquish the post, a transition official said.

Revelers, protesters head for inauguration
Mon, 16 Jan 2017 17:25:56 +0000

Preparations in Washington, D.C., for the inauguration. (Patrick Semansky/AP)Officials estimate that as many as 900,000 people will be in Washington, D.C., on Friday, with more to come Saturday.

List of Dems boycotting inauguration grows
Mon, 16 Jan 2017 16:00:56 +0000

Democratic lawmakers are boycotting Trump’s inaugurationA dozen lawmakers have said they're skipping the event as a protest of the president-elect's plans for the country.

Deadly Kyrgyzstan crash kills more than 30
Mon, 16 Jan 2017 15:03:13 +0000

Kyrgyz Emergency Ministry officials and firefighters work among remains of a crashed Turkish Boeing 747 cargo plane at a residential area outside Bishkek, Kyrgyzstan. (Vladimir Voronin/AP)A Turkish cargo plane crashed in a residential area near the main Kyrgyz airport, killing people on the ground and in the plane.

Oman says it's taking 10 Guantanamo inmates
Mon, 16 Jan 2017 14:17:04 +0000

The entrance to Camp 5 and Camp 6 at Guantanamo Bay detention center. (Ben Fox/AP)The transfer is part of President Obama's effort to reduce the number of prisoners at Guantanamo Bay.

A look at past inaugurations
Mon, 16 Jan 2017 10:00:27 +0000

A look at past inaugurationsWashington delivering his inaugural address in the old city hall, New York’ George Washington delivering his inaugural address before members of the Congress. Includes text of speech. (Photo: Universal History Archive/UIG via Getty images)

Young blacks relate to MLK's more forceful activism
Mon, 16 Jan 2017 08:41:23 +0000

Martin Luther King Jr. at the University of California, Berkeley, on May 17, 1967. Calif. (AP)Though he was known as a man of love and peace, Martin Luther King Jr. conveyed his message with increasing urgency.

China: Trump's Taiwan strategy 'despicable'
Mon, 16 Jan 2017 05:01:40 +0000

President-elect Donald Trump during a rally in Mobile, Ala. (Evan Vucci/AP)Chinese state media continues pushing back against what it calls Donald Trump's "rookie" challenge to the "one China" policy.

Thousands brave cold for Sanders health care rally
Mon, 16 Jan 2017 02:43:21 +0000

Britt Waligorski, 31, and Mary Whitfield, 18, attend an Affordable Health Act rally on Sunday, Jan. 15, 2016, in Warren, Mich. Thousands of people showed up in freezing temperatures on Sunday in Michigan where Sen. Bernie Sanders called on Americans to resist Republican efforts to repeal President Barack Obama's health care law, one of a number of rallies Democrats staged across the country to highlight opposition. (AP Photo/Corey Williams)A huge throng shows up in freezing temperatures to hear Bernie Sanders urge Americans to resist efforts to repeal Obamacare.

Trump vows health insurance 'for everybody'
Mon, 16 Jan 2017 02:41:54 +0000

President-elect Donald Trump at a Dec. 9 rally in Grand Rapids, Mich. (Andrew Harnik/AP)He'll soon unveil a plan to repeal and replace Obamacare that will leave no one without coverage, he says in an interview.

'The world is watching': CIA chief rips Trump
Mon, 16 Jan 2017 02:14:05 +0000

Outgoing CIA Director John Brennan (Getty Images)Outgoing Director John Brennan says the president-elect doesn't understand the threat Russia poses to the U.S.

SCOTUS to hear case on offensive trademarks
Mon, 16 Jan 2017 00:15:02 +0000

The Supreme Court from the Capitol Dome. (AP)Justices will consider whether a law barring disparaging trademarks violates free-speech rights.

Major powers' warning to Trump on Middle East
Mon, 16 Jan 2017 00:13:49 +0000

French Minister of Foreign Affairs Jean-Marc Ayrault, left, and his Saudi counterpart Adel Al-Jubeir at the Mideast peace conference in Paris. (Thomas Samson/Pool Photo via AP)More than 70 diplomats meeting in Paris advocate a two-state solution between the Palestinians and Israelis.

Obama on Trump: 'Don't underestimate the guy'
Mon, 16 Jan 2017 00:02:28 +0000

Donald Trump and Barack Obama (Reuters)Barack Obama is interested to see how the president-elect’s improvisational approach plays out during the course of his term.

Calif. farmers see Trump as potential ally
Sun, 15 Jan 2017 23:03:43 +0000

Bakersfield, Calif. (Yahoo News)Kern County remains one of the last few Republican strongholds in an increasingly liberal state.

Ky. town left behind in economic recovery
Sun, 15 Jan 2017 22:53:57 +0000

Sandy Hook, Ky. (Yahoo News)Myron Lewis, a convenience store owner in Elliott County, says his region didn’t enjoy the resurgence other parts of the country did.

How Trump spoke to voters in a fading factory town
Sun, 15 Jan 2017 22:49:35 +0000

Clinging to hope in a fading factory town. (Eric Thayer/Yahoo News)As vague as Trump's promises were, his message felt hopeful for the people of Erie, Pa.

Asian-Americans missing from top legal jobs
Sun, 15 Jan 2017 21:44:54 +0000

California Supreme Court Justice Goodwin Liu (AP)The group is well-represented among the nation's attorneys, but few hold the highest posts, a study finds.

Officials cite risk in Mexico border tunnels
Sun, 15 Jan 2017 21:41:50 +0000

An image from a video of a tunnel in the border city of Tijuana. (Mexico's Attorney General's Office via AP)The failure to fully seal up tunnels dug by drug smugglers is an "open invitation" for cartels to reactivate them, U.S. officials say.

Widow of occupation leader keeps mission alive
Sun, 15 Jan 2017 20:30:12 +0000

FILE - This Saturday, March 5, 2016, file photo, Jeanette Finicum speaks with reporters during a rally at the Utah State Capitol, in Salt Lake City. Finicum, the widow of an Arizona rancher LaVoy Finicum killed by FBI agents in a Jan. 26, 2016, traffic stop in central Oregon, is planning to hold a meeting in John Day, Ore., Jan. 28, 2017, with their children, in an effort to continue with his mission. (AP Photo/Rick Bowmer, file)Jeannette Finicum, whose husband led an armed occupation of an Oregon wildlife refuge and later was killed by police, is speaking out.

Kremlin slams Obama, anxiously awaits Trump
Sun, 15 Jan 2017 20:00:57 +0000

FILE- In this Wednesday, Jan. 11, 2017 file photo Russian President Vladimir Putin attends a meeting with Russian prosecutors in Moscow, Russia. Careful not to hurt chances for a thaw in U.S.-Russia relations, President Vladimir Putin and other Russian officials have deferred questions about their plans for future contacts with Trump and any agenda for those talks until he takes office on Friday, Jan. 20, 2017. (Alexei Druzhinin/Sputnik, Kremlin Pool Photo via AP, File)Russia is eagerly counting the days to Donald Trump's inauguration and venting anger at the outgoing administration.

Teen abducted as infant meets birth parents
Sun, 15 Jan 2017 18:04:32 +0000

Kamiyah Mobley with her parents. (Facebook)Kamiyah Mobley was 8 hours old in 1998 when she was taken from a hospital by a woman posing as a nurse.

Atlanta fires back after Trump slams Lewis
Sun, 15 Jan 2017 17:16:44 +0000

川普上任中共恐犯台?台美專家預測總整理The city's major newspaper blares a banner headline denouncing the president-elect’s criticisms of the congressman and his district.

Iran won't budge on nuclear agreement
Sun, 15 Jan 2017 15:36:55 +0000

U.S. Secretary of State John Kerry and Iran Foreign Minister Mohammad Javad Zarif. (Kevin Lamarque/AFP)Despite threats from Donald Trump, Iran insists it won't rework the deal it struck with world powers, according to its deputy foreign minister.

Infrastructure woes will be in Trump's face
Sun, 15 Jan 2017 13:07:11 +0000

FILE - In this March 3, 2016 file photo, a jogger passes by the Arlington Memorial Bridge at sunrise in Washington. Donald Trump talked during his campaign about making America’s infrastructure great again, and his inauguration will put the spotlight on some glaring needs in the nation’s capital. (AP Photo/Andrew Harnik, File)For one, the Arlington Memorial Bridge is in such bad shape that it will be closed to all vehicle traffic during Friday's festivities.

Warren relishes role as a top Trump adversary
Sun, 15 Jan 2017 12:49:28 +0000

Sen. Elizabeth Warren at her office in Boston. (Charles Krupa/AP)Sen. Elizabeth Warren has compiled a long and growing list of grievances with the president-elect.

When mental illness leads to violence
Sat, 14 Jan 2017 23:54:35 +0000

Esteban Santiago as he is transported to the federal courthouse in Fort Lauderdale, Fla., on Jan. 9. (Amy Beth Bennett/South Florida Sun-Sentinel via AP)The history of a shooting suspect highlights the complicated issues police face when assessing disturbed individuals.

Deal may have kept life-saving drug off market
Fri, 13 Jan 2017 15:33:44 +0000

From left, former Valeant CEO Michael Pearson, former CFO Howard Schiller, and Pershing Square Capital Management CEO Bill Ackman. (Jonathan Ernset/Reuters)With Donald Trump’s threats to rein in drug pricing, what would he make of the Syprine situation?

Best inauguration performances of all time
Fri, 13 Jan 2017 00:07:35 +0000

Best inauguration performances of all time. (Getty Images)From Beyoncé to Bob Dylan, the event has never been short of A-listers to welcome a new president — until this year.

Obama's contradictory legacy on war and peace
Fri, 07 Oct 2016 10:00:28 +0100

President Obama delivers the Nobel Peace Prize lecture at the award ceremony in Oslo, Norway. (Thomas Peter/Reuters)President Obama won the Nobel Peace Prize, an award he did not seek and arguably did not deserve, in 2009.


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