Most Asian markets closed higher on Monday, with Malaysian stocks recovering after dropping at the open as markets reopened following an election. Meanwhile, oil prices were slightly lower, paring more gains after touching multi-year highs last week. The FTSE Bursa Malaysia KLCI recovered after recording early losses of more than […]
CNBC News
JP Morgan submits application for majority-owned China securities business
J.P. Morgan Chase & Co said on Monday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the U.S. bank would own a 51 percent stake. The bank’s asset and wealth management unit is also working on increasing its […]
Mark Mobius says combination of South and North Korea would be ‘beautiful’ for investors
Prominent emerging markets investor Mark Mobius said he would “definitely” be interested in putting money into North Korea if he could. South and North Korea is a “beautiful combination,” he told CNBC’s “Street Signs” on Monday. “The South has technology, it has the know-how, it has the manufacturing ability and […]
Malaysia markets turn positive after surprise election, as rest of Asia edges up
Most Asian markets edged higher on Monday, with Malaysian stocks recovering after dropping at the open as markets reopened after an election. Meanwhile, oil prices were slightly lower, paring more gains after touching multi-year highs last week. The FTSE Bursa Malaysia KLCI recovered after recording early losses of more than […]
AirAsia boss says he will ‘forever regret’ appearing to back Malaysia’s Najib before election
In the aftermath of Malaysia’s stunning election result, one of the country’s most respected business figures has admitted to “buckling” to pressure from the previous government. AirAsia CEO Tony Fernandes, who enjoys near-rockstar status in the Southeast Asian nation, apologized on Sunday for a flashy, apparent endorsement of then-leader Najib […]
China set to deliver world’s largest amphibious aircraft by 2022: Chinese state media
China expects to deliver its domestically developed AG600, the world’s largest amphibious aircraft, to customers by 2022, the state-run Xinhua news agency reported late on Sunday citing the plane’s manufacturer. “We are endeavouring to get the airworthiness certification from the civil aviation authorities by 2021, and deliver it to the […]
Trump’s Iran sanctions will aggravate the French-German discord on EU reforms
Germany does not want to finance the budget to support reforms in a French proposal to “refound” the European economic and political integration (aka “the European project”). At the same time, the presumption of European unity is being severely tested by the extraterritorial impact of President Donald Trump’s unilateral sanctions […]
Malaysia markets pare losses after surprise election, as Asia trades mixed
Most Asian markets searched for direction on Monday, with Malaysian stocks recovering after dropping at the open as markets reopened after an election. Meanwhile, oil prices were slightly lower, paring more gains after touching multi-year highs last week. The FTSE Bursa Malaysia KLCI traded lower by 0.08 percent, recovering after […]
Malaysia markets fall after re-opening on first day since surprise election amid sideways Asia trade
Most Asian markets searched for direction in early Monday trade, although Malaysian stocks tumbled as markets there reopened for trade after a long weekend. Meanwhile, oil prices were slightly lower, paring more gains after touching multi-year highs last week. The FTSE Bursa Malaysia KLCI sank 1.29 percent as investors digested […]
Tell us what you think: What does the recent volatility in emerging market currencies signal?
Emerging market currencies took a knock last week, coming under pressure as the dollar firmed, among other idiosyncratic factors. On Friday, the Argentine peso closed at a record low of 23.35 per dollar even though the country has approached the International Monetary Fund for aid. The currency has dropped some […]