Author Archive: Free Malaysia Today

rss feed

Author's Website

Dollar rises as investors move out of safe havens

Dollar rises as investors move out of safe havens

The dollar index, which tracks the greenback against six major currencies, was last up 0.4%. NEW YORK: The dollar rose broadly on Monday as traders unwound bearish bets against the US currency that have come in the wake of increasing tensions with North Korea and underwhelming inflation data. The absence of further abrasive rhetoric by […]

August 15, 2017 | By | Reply More
10 years ago: A harbinger of 2008 financial crisis

10 years ago: A harbinger of 2008 financial crisis

Financial institutions devised sophisticated securities packages leveraged to subprime mortgages that were risky but classified as safe investments by credit ratings agencies that later came under fire for rubber-stamping the assets. NEW YORK: The failure of Lehman Brothers on September 15, 2008 triggered a series of convulsions in global finance that ultimately led to the […]

August 15, 2017 | By | Reply More
Trump orders probe of China’s intellectual property practices

Trump orders probe of China’s intellectual property practices

Experts on China trade policy said the long lead time could allow Beijing to discuss some of the issues raised by Washington without being seen to cave to pressure under the threat of reprisals. WASHINGTON: President Donald Trump on Monday authorized an inquiry into China’s alleged theft of intellectual property in the first direct trade […]

August 15, 2017 | By | Reply More
Uber investor gave Kalanick a month before suing to force him off board

Uber investor gave Kalanick a month before suing to force him off board

Kalanick said he was disappointed with Benchmark’s move and that he was working with the board to identify a new CEO. NEW YORK: Venture capital firm Benchmark Capital said on Monday it gave Uber and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week to force […]

August 15, 2017 | By | Reply More
Snap shares bounce off low; employees free to sell shares

Snap shares bounce off low; employees free to sell shares

Employees for the first time were allowed to sell their stock following the Snapchat parent’s blockbuster initial public offering, potentially increasing the supply of shares in the market and boosting their volatility. NEW YORK: Snap Inc shares rebounded on Monday from a record low in a volatile trading session as big investors reported their stakes […]

August 15, 2017 | By | Reply More
JPMorgan launches new algo-driven ‘dark pool’ for stocks

JPMorgan launches new algo-driven ‘dark pool’ for stocks

The move comes at a time of increased regulatory scrutiny of dark pools that has led to a number of trading venues being shuttered, and highlights JPMorgan’s efforts to expand its equities business. NEW YORK: JPMorgan Chase & Co has begun trading on a new private stock trading venue, or “dark pool,” that lets its […]

August 15, 2017 | By | Reply More
SEC filings: Some Soros Fund holdings may profit if stocks fall

SEC filings: Some Soros Fund holdings may profit if stocks fall

The quarterly disclosures of asset manager stock holdings, in what are known as 13F filings with the SEC, offer clues on what big investors are selling and buying, but give no indication of their current stakes. NEW YORK: Soros Fund Management LLC, whose billionaire chairman said earlier this year that markets would stumble given the […]

August 15, 2017 | By | Reply More
Herbalife, Nu Skin shares fall on worries about China market

Herbalife, Nu Skin shares fall on worries about China market

Herbalife dropped more than 5% to end at a three-month low of US$62.42, Nu Skin fell over 7 % to US$56.01, the lowest close since May 31. NEW YORK: Shares in multi-level marketing companies Herbalife Ltd, NU Skin Enterprises Inc and USANA Health Sciences Inc tumbled in high volume on Monday after a Chinese government […]

August 15, 2017 | By | Reply More
Media Prima posts pre-tax loss of RM135 million in Q2

Media Prima posts pre-tax loss of RM135 million in Q2

Media giant blames changes in consumer behaviour and digital disruptions that have impacted the media industry as a whole. KUALA LUMPUR: Media Prima Bhd posted a pre-tax loss of RM135.6 million in the second quarter ended June 30, 2017 against a pre-tax profit of RM29.84 million in the same quarter a year ago. Revenue eased […]

August 14, 2017 | By | Reply More
Saudi Arabia to resume building mammoth Mecca hotel

Saudi Arabia to resume building mammoth Mecca hotel

Sub-contractors have been asked to submit pricing proposals to Saudi Binladin by mid-September. DUBAI: Saudi Arabia is set to restart work on one of the world’s largest hotel projects, the US$3.5 billion Abraj Kudai in Mecca, where a financial squeeze halted construction in 2015. When completed, the Abraj Kudai is meant to have about 10,000 […]

August 14, 2017 | By | Reply More