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Phillip Capital Morning Note

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Publish date: Thu, 21 Feb 2019, 09:28 AM
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Federal Reserve officials discussed at their meeting three weeks ago ending the reduction of bonds on the central bank's balance sheet before the end of 2019, according to minutes released Wednesday.

President Trump said Wednesday the U.S. would impose auto tariffs on the European Union if a trade deal can’t be reached between the two sides, as tensions between the traditional allies continue to build.

Three U.K. lawmakers from Britain's ruling Conservative Party have quit to join a new centrist group in Parliament, saying the government's handling of Brexit has been "disastrous."

Palladium burst above US$1,500 to hit a record, extending a powerful rally driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls.

Samsung Electronics Co. debuted its most extensive new lineup of smartphones, with new low end and premium models, 3-D cameras, an in-screen fingerprint scanner and faster 5G connectivity. The company also unveiled a $1,980 smartphone with a foldable screen.

Huawei would not help China spy on the U.S. with its devices, even if mandated by Chinese law to do so, founder and President Ren Zhengfei told CBS News in an interview that aired Wednesday.

DBS will transfer its retail equity trading under DBS Vickers to the bank by the end of the year, leaving the securities and derivatives arm to focus on its institutional clients.

Propnex Realty has entered into a strategic collaboration with Global Alliance Property (GAP), which is a wholly-owned indirect subsidiary of China Real Estate Grp (CREG). Under the collaboration, salespersons from GAP will be transferred to PropNex.

Keppel Offshore & Marine (Keppel O&M) has delivered a jackup rig to Mexican driller Grupo R under a sale-and-leaseback agreement, the group said on Wednesday.

SHS Holdings' delayed solar power project in Bangladesh could face default and a termination of key agreements if required financing is not obtained on time, the company said on Wednesday before the market opened.

Source: Business Times

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