Highlights
KLSE: HLBANK (5819)       HONG LEONG BANK BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
16.66   -0.42 (2.46%)  16.66 - 17.04  1,437,900
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Overview

Market Cap: 36,114 Million
NOSH: 2,168 Million
Avg Volume (4 weeks):1,244,321
4 Weeks Range:15.10 - 17.08
4 Weeks Price Volatility (%):
78.79%
52 Weeks Range:13.02 - 17.08
52 Weeks Price Volatility (%):
89.66%
Average Price Target: 15.94
Price Target Upside/Downside: -0.72

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#1]  |  30-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  21-Feb-2018
T4Q P/E | EY: 16.11  |  6.21%
T4Q DY | Payout %: 2.55%  |  41.07%
T4Q NAPS | P/NAPS: 10.7578  |  1.55
T4Q NP Margin | ROE: 48.38%  |  9.61%

Headlines

Date Subject
04-Dec-2017 全年贷款有望增6%.丰隆银行财测上修
04-Dec-2017 Hong Leong Bank - Earnings lifted by higher contribution from Bank of Chengdu
04-Dec-2017 Hong Leong Bank - A Positive Start for FY18; Robust Yoy Growth
04-Dec-2017 Hong Leong Bank Berhad - Traction on the NIM Front
04-Dec-2017 Hong Leong Bank Berhad - Traction on the NIM Front
04-Dec-2017 Hong Leong Bank Berhad - Margins Continue To Show Strong Improvement
06-Nov-2017 PublicInvest Research Headlines - 6 Nov 2017
06-Nov-2017 Mplus Market Pulse - 6 Nov 2017
06-Nov-2017 10 things to know about Hong Leong Bank before you invest - Ian Tai
03-Nov-2017 Mplus Market Pulse - 3 Nov 2017
06-Oct-2017 Hong Leong Bank - GIL ratio likely to stay below 1.0% for 1QFY18
03-Oct-2017 MQ Research’s Top Banking Stock Picks
10-Sep-2017 丰隆银行财报后股价滑落
25-Aug-2017 Hong Leong Bank (BUY, Maintain)- Taking Advantage of Ample Liquidity
25-Aug-2017 Hong Leong Bank: 4QFY17: Solid Pre-provision Operating Profit Growth
25-Aug-2017 Hong Leong Bank - Broad-base Growth
25-Aug-2017 Hong Leong Bank - Asset quality still stable despite upticks in impairments
24-Aug-2017 Hong Leong Bank - 4Q Better Than Expected
06-Aug-2017 [转贴] 7個月內2創辦人宣布退休 大馬銀行業 啟動接班程序
03-Aug-2017 MQ Research - Malaysian Banking Sector Report

Business Background

Hong Leong Bank Berhad (HLB) is a Malaysia-based company. The Company is engaged in commercial banking business and in the provision of related services. The Company provides services in personal financial services, business banking and trade finance, treasury, branch and transaction banking, wealth management, investment banking, private banking and Islamic financial services. The Company's business segments include Group Consumer Banking, Group Business Banking, Global Markets, Investment Banking, Overseas Associate and Overseas Joint Controlled Entity. Group Consumer Banking focuses on servicing individual customers and small businesses. Group Business Banking focuses mainly on corporate customers. Global Markets refers to the Group's treasury and capital market operations. On 6 May 2011, the Company acquired EON Capital Berhad, and EON Bank Berhad and its subsidiaries, including EONCAP Islamic Bank Bhd and MIMB Investment Bank Bhd and its subsidiaries became part of the Company.
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goldentriangle North Korea accuses US of 'reckless military provocations' after practice bombing run
http://www.foxnews.com/world/2017/07/09/north-korea-accuses-us-reckless-military-provocations-after-practice-bombing-run.html
09/07/2017 21:48
masterus Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...
09/07/2017 22:56
goldentriangle Dow Jones closed at 21,408.52 -5.82 pts
11/07/2017 05:04
masterus US dollar pressured by Trump Jr emails, focus on Yellen testimony
Wednesday, July 12, 2017 - 09:11

2017-05-17T023921Z_1426918253_RC14402E6220_RTRMADP_3_GLOBAL-MARKETS.JPG The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign. PHOTO: REUTERS
[TOKYO] The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

Ms Yellen will give her semi-annual monetary policy testimony before Congress later on Wednesday and on Thursday, and investors will be parsing it for or clues on when the Fed will start reducing its massive balance sheet.

The US dollar index, which measures the US currency against a basket of six major rivals, was slightly lower on the day at 95.641.

Against its Japanese counterpart, the US dollar slipped 0.2 per cent to 113.675 yen, moving away from a four-month high of 114.495 yen marked on Tuesday.
12/07/2017 13:14
masterus U.S. Dollar Could Crash 20%
Tucker Higgins Tucker Higgins Follow Jul 11, 2017 5:46 PM EDT
Play Video
U.S. Dollar Could Fall Another 20%

Foreign-exchange expert Douglas Borthwick say the U.S. dollar might plunge another 20% in the second half, as he believes the Trump administration wants a weaker greenback that will benefit U.S. trade.

"We've got another 20% to go before I feel satisfied that the U.S. has reached that weaker-dollar policy," Borthwick, who writes about forex for TheStreet, said during our latest Trading Strategies roundtable for investors.

Borthwick, managing director of Chapdelaine FX, said that the dollar will have to fall lower for longer to help fulfill the Trump administration's stated goals of improving U.S. manufacturing.

He said the U.S. Dollar Index (^DXY) is lower than it was before Donald Trump's election, "but it's still not low enough. The weaker-dollar policy that the Trump administration is pursuing is based on making the U.S. competitive -- and it has to be competitive not just for a couple of months where the dollar is weak, but for the next four to eight years."

A declining U.S. dollar could boost sectors besides manufacturing, such as commodities, which are generally denominated in dollars. The dollar has been on a downward move since January compared to a basket of major currencies. The greenback is now at at its lowest point since September 2016, according to the Federal Reserve Bank of St. Louis.

President Trump has divided from his administration on dollar policy. Though Treasury Secretary Steve Mnuchin has said a strong dollar is good for the U.S. economy, Trump has said he prefers a weak dollar because that benefits manufacturing.
12/07/2017 13:15
masterus Oil rally eases as data show big drop in US crude stockpiles, rise in production
Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for an decrease of 2.9 million barrels.
U.S. oil production ticked up by 59,000 barrels a day to nearly 9.4 million barrels a day.
OPEC said its oil output rose by 393,000 barrels per day in June, led by a rebound in Nigeria and Libya.
12/07/2017 22:56
masterus Oil Prices Could Head Back Over $50 Before Year End
Jul. 13, 2017 1:55 PM ET| Includes: USO

HiddenValueInvestor
Long only, value

(916 followers)
Summary

Growing U.S. petroleum exports could balance U.S. oil supply and demand more quickly than the market expects.
Oil and fuel storage in the U.S. could return to the middle of the range of the five-year-average based on the growth in exports.
The easiest and most direct way for investors to participate in a near-term rise in oil prices is to buy shares in the United States Oil Fund on the stock-market.
A surge in exports of oil and finished petroleum products could send West Texas Intermediate crude oil prices back over $50 per barrel before the end of the year. A recent New York Times article highlighted the new oil export terminal in Corpus Christi, Texas. According to the paper, "Suddenly buyers from all over the world are purchasing the new American supplies, from South Korea to India - even oil-rich Venezuela, which uses the light sweet crude that comes out of American shale to blend with its gooey heavy crude. The light crude is highly prized even while global oil markets are saturated."
14/07/2017 07:25
masterus S&P 500 2,459 +11.44 +0.47%
Home Markets U.S. & Canada Futures Movers
Oil ends higher to tally a gain of more than 5% for the week
By Myra P. Saefong and Sara Sjolin
Published: July 14, 2017 3:06 p.m. ET

SHARE
8

Nigeria supply setback, higher crude demand forecast lift prices
Getty Images
Oil scored a weekly gain of more than 5% on Friday, as reports of supply issues in Nigeria and a higher forecast for crude demand helped send prices up for a fifth session in a row, to their highest finish in nearly two weeks.

August West Texas Intermediate crude CLQ7, +1.30% rose 46 cents, or 1%, to settle at $46.54 a barrel on the New York Mercantile Exchange. It rose roughly 5.2% for the week and settled at its highest since July 3, according to FactSet data. September Brent crude LCOU7, +1.38% on London’s ICE Futures exchange climbed 49 cents, or 1%, to $48.91 a barrel, with prices up about 4.7% from a week ago.
15/07/2017 16:01
masterus Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/dc2523dc-c110-37fb-b87b-6839cf727658

US Dollar Add to myFT
US dollar hits lowest point in nearly 10 months

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13 HOURS AGO by: Jessica Dye
The US dollar has fallen to its lowest point in nearly 10 months on the heels of soft data on inflation and retail sales that have dimmed expectations for a third interest-rate increase in 2017.

The dollar index — which measures the greenback against a basket of peer currencies — has declined 0.6 per cent on Friday, taking it to 95.15 — its lowest point since late September, according to Bloomberg data. The index is also on track for its steepest one-day slide since June 27.

The weak reports have thrown into question whether policymakers at the Federal Reserve have been right to see other soft economic data since the start of the year as “transitory”, justifying their decision to forge ahead, for now, on a planned course of interest-rate increases in 2017.
15/07/2017 16:04
masterus Dollar falls after US CPI, retail data disappoint
0
Reuters, New York
The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation.

Economists had forecast the CPI edging up 0.1 percent last month and its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

"The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness," said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York.

The dollar index, which tracks the greenback against six major rivals, was down 0.5 to 95.248 after earlier falling to 95.186, its lowest since September 2016.
16/07/2017 10:05
masterus The ugly finish for the US dollar points to trouble ahead
Sun 16 Jul 2017 13:04:09 GMT Author: Adam Button | Category: News
Author: Adam Button

share
US dollar closed on the lows



No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.

The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.

What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.
17/07/2017 12:11
goldentriangle Dow Jones closed at 21,574.73 (-54.99)
19/07/2017 05:17
masterus PETALING JAYA: With scale being an increasingly important factor in the local banking industry, talk has now emerged that Alliance Financial Group Bhd (AFG) could be looking to merge with Hong Leong Bank Bhd (HLB).

The twist, though, is that AFG, which is the smallest financial institution in Malaysia in terms of asset size, could be the acquirer in the potential merger and acquisition (M&A) exercise, instead of being the target company to be acquired, according to UOBKayHian Research.

“Scale has always been a stumbling block for AFG. Without scale, the group has to stay competitive by targeting niche segments, while investments would require longer payback periods without the benefits of economies of scale ... as such, it is not surprising that the latest market rumours involve a potential merger with HLB and AFG being the potential acquirer,” the brokerage wrote in its report.

HLB is the fifth-largest lender by assets in Malaysia. The 64%-owned unit of Hong Leong Financial Group Bhd is listed as the main earnings driver for its parent company.

Meanwhile, AFG last Thursday dismissed speculation that it was the subject of a merger. The bank, which saw some changes in shareholding, said it was financially sound and looking to lift its returns to shareholders.

In rationalising the potential M&A between AFG and HLB, UOBKayHian said completion of the exercise would result in a quantum leap in AFG’s scale, with its branch network increasing from 94 to 394 branches. This would outpace Malayan Banking Bhd’s 363 domestic branches.

In addition, the merged entity would be valued at RM266bil in terms of total assets. This would make it the fifth-largest institution after the merged RHB Bank Bhd-AMMB Holdings Bhd.

“Such a merger will likely be near-term dilutive, but the potential synergies that can be derived from the quantum leap in scale and cross-selling opportunities arising from a low level of customer duplication and expertise would be highly beneficial for AFG over the longer term,” UOBKayHian explained.

“Given AFG’s small scale, duplication can be well-contained and the cultural similarities of both banks will ensure lower execution risk post-merger,” it said.

AFG’s strength lies in the small and medium enterprise (SME) segment, which provides for a strong SME CASA (current and savings account) base, whereas HLB’s strength is within the more affluent consumer segment, which provides for a strong retail deposit base.

“In terms of structural similarities, both banks have a fairly strong liquidity franchise and cost discipline, with HLB having a slightly stronger asset quality edge,” UOBKayHian said.
19/07/2017 14:04
goldentriangle Dow Jones closed at 21,611.78 (-28.97)
21/07/2017 05:51
goldentriangle Nasdaq was tumbling and
closed at 6,382.19 -40.56 (-0.63%)
28/07/2017 04:48
goldentriangle North Korea says new missile test proves it has capability to nuke any part of US
They launched second flight test of an intercontinental ballistic missile on Saturday.
30/07/2017 10:31
goldentriangle http://www.oregonlive.com/today/index.ssf/2017/07/north_korea_says_new_missile_t.html
30/07/2017 10:32
goldentriangle US slams North Korea missile test as Kim claims 'whole US mainland' in reach
http://edition.cnn.com/2017/07/29/asia/north-korea-intercontinental-ballistic-missile-test/index.html
30/07/2017 10:59
goldentriangle Nasdaq collapsed and closed
at 6,348.12 (-26.55) (0.42%)
01/08/2017 06:22
masterus Hong Kong dollar hits 10-year low against greenback
City's currency suffers sell-off for higher-yielding US dollar and yuan
JOYCE HO, Nikkei staff writer

HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.

The local currency, pegged at 7.75-7.85 to the dollar, edged beyond 7.82 for the first time since August 2007, when the U.S. subprime mortgage crisis erupted. It breached the mid-point of the trading band in June, after a sustained devaluation since January.

The Hong Kong dollar is one of the few currencies in the region that has devalued against the U.S. dollar year-to-date, along with the Philippines peso and Sri Lankan rupee. It has so far weakened by 0.89%, while the Japanese yen and Australian dollar have risen 5.4% and 9.76% respectively.

"The recent weakness in [the Hong Kong dollar] is clearly a 'pricing phenomenon' on the back of a continued widening in the interest rate differential between the U.S. and Hong Kong," wrote Irene Cheung, senior strategist for Asia at the Australia and New Zealand Banking Group, in a note on August 4.
09/08/2017 13:10
goldentriangle Dow jones & Nasdaq both in red !
Dow Jones closed at 22,048.70 (-36.64) (-0.17%)
Nasdaq closed at 6,352.33 (-18.13) (-0.28%)
10/08/2017 05:38
goldentriangle Nasdaq Collapsed (Tech stocks bubble burst?)
Nasdaq closed at 6,216.87 (-135.46) (-2.13%)
11/08/2017 05:40
goldentriangle Dow Jones also Tumbling Down (Economy Crisis Come?)
Dow Jones closed at 21,844.01 (-204.69) (-0.93%)
11/08/2017 05:41
masterus Londonbisc net total assets is 2.18. Share price currently at 0.765. Soon will fly.
16/08/2017 15:02
diehardunited I'd rather bet into this stock. Giant in the making! Get ready for the LIMIT UP SOON!
http://klse.i3investor.com/m/blog/warrenbuffet/131824.jsp
10/09/2017 18:41
masterus China Prepares Sale of $2 Billion in U.S.-Dollar Bonds


The government is preparing to sell $2 billion in bonds this month, and investment banks are pitching for a role in the deal, according to bankers in Hong Kong.

While the planned sale isn't large and is mostly symbolic, it would be China's biggest-ever U.S.-dollar bond sale and its first since October 2004, when the country raised a total of about $1.7 billion from selling dollar- and euro-denominated bonds that matured in five and 10 years.

China's Ministry of Finance didn't immediately respond to requests for comment.

China has about $200 million in outstanding U.S.-dollar sovereign-debt issues that it is scheduled to pay off in 2027 and 2096, and those bonds yield about 3.3% and 4% respectively, according to research firm CreditSights. The country issued several global bonds in the 1990s, including a 100-year $100 million bond in 1996 with a 9% coupon.
14/09/2017 07:24
goldentriangle North Korea launches missile over Japan

www.edition.cnn.com/2017/09/14/asia/north-korea-missile-launch/index.html
16/09/2017 07:20
UncleMau Switching my holdings to Petronm
-------------------------------------------------------------------------------------------------------------------------------
Extract of Analyst Report from RHB

Petron Malaysia

Fuel Happy

We initiate coverage on Petron with a BUY recommendation. Our TP of MYR16.20 (60% upside) is based on a 12.5x FY18 P/E. The company owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products. Petron also owns an 88,000bpd refinery in Port Dickson, Malaysia with a Nelson Complexity Index of 3. We believe the refinery would provide the company with a competitive advantage, thereby enabling it to take advantage of refined product spreads.

Third largest retail station operator in Malaysia. Petron Malaysia (Petron), a major fuel retail distributor in Malaysia, has the third largest market share in the country behind Shell and Petronas Dagangan (PETD MK, NR). It owns over 580 service stations nationwide, distributing gasoline, diesel and LPG products.

Besides retail marketing, the company also owns an 88,000bpd refinery located in Port Dickson, Malaysia with a Nelson Complexity Index of 3. The refinery is capable of producing gasoline, diesel, liquefied petroleum gas (LPG), kerosene and low sulphur waxy residue (LWSR). The refinery has an average utilisation rate of c.50% due to the unfavourable economics of LSWR which, in turn is due to its low complexity rate. The company is 73.4%-owned by Petron Corp, the largest oil refining and marketing company in the Philippines.

The refinery could provide alpha. Its retail fuel segment plays a volume game, ie the more retail stations imply a higher volume. As such, we expect its retail volume to grow by c.4% each year, driven by the opening of new stations. Our base case scenario assumes Petron would open 15 new stations every year. Its commercial fuel segment earnings are driven by spreads for naphtha, kerosene and LSWR. We expect spreads for naphtha and kerosene to range between USD2-7/bbl for the long term. As such, we believe the commercial fuel would provide the company with a higher earnings growth potential, compared to that of its peers.

Healthy balance sheet. As of 1H17, it is a net cash company; we expect Petron to end FY17F in a net cash position. Total borrowings are at MYR66.4m, while its cash position is at MYR156m. This is comparable to the situation at the end-FY16, when it was in a net debt position of MYR136m. Net cash from operations and free cash flow has been on an increasing trend, attributed to better cost management as well as the asset performance mechanism (APM), which transmits changes in oil prices to retail fuel prices.

BUY. We initiate coverage on Petron with a BUY recommendation, supported by a TP of MYR16.20. We arrive at our TP by pegging a 12.5x P/E to FY18F EPS of MYR1.30. As a comparison, Petronas Dagangan is trading at 24.6x P/E for FY18, at a 70% premium to Petron. We like Petron as we believe its retail fuel segment would provide a stable base of earnings due to the APM mechanism, while its commercial fuel segment would provide an earnings boost, an advantage the company holds over its peers due to its refinery.
03/10/2017 09:52
masterus 8 HOURS AGO by Mamta Badkar
The US dollar gave up its gains on Friday after a report that North Korea was preparing to test a long-range missile that could reach the US west coast.

The DXY dollar index, which gauges the buck against a basket of six global peers, was trading roughly flat at 93.86, after state-owned news agency RIA reported the news citing a Russian lawmaker following a trip to Pyongyang.

According to Reuters, a member of the Russian Duma’s international affairs committee quoted in the RIA report said that North Korea was preparing for new tests of a long-range missile, that the regime is in a “belligerent mood” and that a launch could come in the near future.
07/10/2017 08:38
pakatan_harapan2 Kuok: There are ‘very big crooks’ among Chinese
Read more at https://www.thestar.com.my/news/nation/2017/11/26/kuok-there-are-very-big-crooks-among-chinese/#vgkbKeZwykrI11gi.99
26/11/2017 18:31
pakatan_harapan2 Crook, yet Bursa/SC does nothing? If Pakatan rule will punish kaw kaw.
27/11/2017 15:01
Tan Issac this stock nowday like casino,up down very fast
05/12/2017 16:11
chickenriceseller total scam stock....
05/12/2017 16:48
Wen Jun up 10% in 10 min? wow
05/12/2017 16:49
valuelurker So fast klci turnaround meh diu
05/12/2017 16:50
bearguy lol
05/12/2017 17:06
eugenethenewbie what actually happened
05/12/2017 17:09
SideIncomer 10% in 10 min....really?
05/12/2017 17:10
pxy1012 elephant can fly
05/12/2017 17:11
Tan Issac bonus issue soon
05/12/2017 17:16
kshinann sure ka? then should keep
05/12/2017 17:18
Tan Issac keep until 20.00
05/12/2017 17:19
Ahead1268 Hopefully tomorrow can reach 19.00 and EPF to sell all 13.1% shareholding to pay some decent dividend to EPF member due soon before major market crushing down soon.
05/12/2017 19:20
JP1952 Fantastic. Good stock, will match with Public Bank soon
05/12/2017 20:42
3iii Why the big jump in its share price yesterday?
06/12/2017 10:25
masterus Ringgit hits 4.0470, appreciates 10pc since Jan
06/12/2017 12:19
Ahead1268 No way HLB can match PBB. BIG Gap, far behind for another decade.
06/12/2017 21:10
masterus The Pound Sterling Live - Today's Rolling Coverage of the British Pound Sterling

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US Dollar in Focus as Debt Ceiling Deadline Looms
Modified: Thursday, 07 December 2017 14:23 Written by James Skinner Subscribe to our Newsletter Follow us on Twiiter This copy is for personal, non-commercial use only. Reproduction of any content for commercial purposes is subject to our usage terms and conditions, please email the editor at his address directly for clarification.

A government shutdown in the US looms if lawmakers cannot find agreement - here's a look at what it might mean for the Dollar.
The Dollar faces a testing period ahead as lawmakers in Washington turn their attention to the annual debt ceiling debacle which, if unresolved, could see the US government forced to shut down as early as next week.
A government shutdown is the process the Executive Branch must enter into when Congress and the President fail to pass emergency legislation to fund government operations and agencies.
A temporary extension to the debt limit, agreed in September, is set to expire Friday, 8 December. Extraordinary measures, such as a government shutdown, could enable the Treasury to meet its obligations for several months.
Congressional Budget Office staff estimated in November that these measures could see the Treasury through until early April, meaning fears of a technical default by the United States should remain benign until then.
A government shutdown is politically contentious as it almost always means the furlough of federal workers. In the December month, right ahead of Christmas, this can be costly for lawmakers who will face mid-term elections in 2018.
08/12/2017 09:05
Mypickers Wow...my pick
11/12/2017 22:16
irwan active
14/12/2017 11:48


 

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