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Author: traderhub8   |   Latest post: Mon, 22 Jul 2019, 11:19 AM

 

Phillip Capital Morning Note

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President Donald Trump said Monday he expects to meet North Korean leader Kim Jong Un "quite soon," expressing optimism that his efforts to negotiate a denuclearization deal are still on track.

Global benchmark brent crude jumped more than 3 per cent on Monday to a four year high above US$80 a barrel after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump for action to raise global supply.

Satellite radio titan SiriusXM unveiled plans Monday to acquire online rival Pandora for US$3.5 billion, ramping up competition in the streaming music market dominated by Spotify and Apple.

CIMB Group Holdings Bhd Chairman Nazir Razak is to step down by the end of the year after almost three decades at Malaysia's second biggest bank, he said on Monday.

Suntec Real Estate Investment Trust (Suntec Reit) said on Monday that its manager has appointed a veteran from CapitaLand to take on the role of chief operating officer from Oct 1, 2018.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research

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