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November 9, 2017 11:55 AM Spain could again revise down 2018 growth forecast due to Catalonia: Rajoy

MADRID - The Spanish government could again revise down the country's 2018 economic growth forecast due to the political crisis in Catalonia, Prime Minister Mariano Rajoy said on Thursday. "It is affecting tourism, it is affecting some entities and it is affecting trade. We have seen some worrying figures. And it could be that next year effectively this will lead to a cut to growth 83

November 2, 2017 12:45 PM The Latest: Central bank warns of cost of Catalan crisis

Spain’s central bank is warning of the economic costs of the Catalan political crisis, which it says could damage the country’s growth. The Bank of Spain assesses the consequences of two possible scenarios. The first is a temporary period of uncertainty in the fourth quarter of 2017, which it predicts could shave 0.3 percentage points off forecast growth 53

November 2, 2017 11:02 AM Singapore Air splurges S$1.15 billion to redefine luxury with revamped A380 cabins

SINGAPORE — Singapore Airlines Ltd, the first carrier to put a double bed in its cabins, is spending US$850 million (S$1.15 billion) to refit all its Airbus SE A380 jets to take airborne luxury up another notch. The airline on Thursday unveiled its first major overhaul across cabin classes of its Airbus SE A380s since 2007, when it became the first carrier 56

November 1, 2017 10:44 PM Facebook crushes Q3 earnings but warns that future profit will slow

Facebook blew past Wall Street's third-quarter financial targets on Wednesday but cautioned that future profitability will be impacted by increased investments around its efforts to fight fake news and abuse. The increasing spending, which Facebook executives elaborated on during the conference call with analysts on Wednesday, drove Facebook's shares 44

November 1, 2017 8:34 PM US stocks end mostly higher as Fed keeps rates unchanged

NEW YORK: Wall Street stocks finished mostly higher on Wednesday (Nov 1) following another round of solid US data and an upbeat appraisal on economic conditions by the Federal Reserve. The Fed, as expected, kept interest rates unchanged as it reported the US was growing at a "solid pace" and was not significantly dented by Hurricanes Harvey and Irma. That statement 45

November 1, 2017 8:29 PM Amid soaring profits, Facebook vows to curb abuse

SAN FRANCISCO: Facebook on Wednesday (Nov 1) reported profits leapt on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs. The leading social network said it made a profit of US$4.7 billion in the quarter that ended on Sep 30, a jump of 79 per cent from the same period a year earlier 42

November 1, 2017 6:05 PM Fed holds rates steady; 'solid' growth keeps December hike in view

WASHINGTON: The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while downplaying the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December. The U.S. central bank acknowledged that inflation remained soft, but it did not downgrade 45

November 1, 2017 3:07 PM 848 more HDB blocks to be installed with solar panels

SINGAPORE – Around 850 additional Housing Development Board (HDB) blocks and 27 government sites will be equipped with solar panels by mid-2020. The HDB and the Singapore Economic Board (EDB) launched its third bulk tender for solar panels on Wednesday (Nov 1). It is the largest tender under the SolarNova programme, which aims to spur growth of Singapore’s 43

November 1, 2017 12:15 PM Trump to push for more balanced trade ties and free markets in trip to Asia

SINGAPORE — Mr Donald Trump’s upcoming visit to Asia demonstrates his administration’s engagement of the region and his personal interest in helping it grow economically, said senior American officials, adding that the president will push for more equitable trade relations and for countries to adopt free-market principles. “The President’s travel is going 44

November 1, 2017 7:38 AM #MYUK60: Prince Charles and Camilla arrive for official visit to Malaysia tomorrow

KUALA LUMPUR: The Prince of Wales and The Duchess of Cornwall, Prince Charles and Camilla will start their official visit to Malaysia from Nov 2 to 8. This would be their first visit by the royal couple. Prince Charles and Camilla will visit four states to celebrate the 60 years of Malaysia-United Kingdom bilateral relations between the two nations 41