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Phillip Capital Morning Note - 28 Jun 2019

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Publish date: Fri, 28 Jun 2019, 10:17 AM
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Ratings agency Moody's Corp and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses are to cyber attacks and create what they hope will become a global benchmark.

US economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current quarter.

The United States should immediately cancel sanctions on Chinese telecoms equipment maker Huawei, a commerce ministry spokesman said on Thursday, days before the two countries' leaders are due to meet for talks on trade.

Shares of Boeing tumbled Thursday after US regulators identified a new issue in the Boeing 737 Max that will likely slow the plane's return to service following two deadly crashes.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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