Author Archive: Free Malaysia Today

rss feed

Author's Website

Singapore Exchange says securities market reopen after disruption

Singapore Exchange says securities market reopen after disruption

The exchange said challenges in reconciling the missing and duplicate messages resulted in a longer process than expected. SINGAPORE: Trading in the Singapore securities market resume on Friday after the fourth major interruption on the exchange in the past two years, piling pressure on CEO Loh Boon Chye as he tries to rejuvenate a bourse […]

July 15, 2016 | By | Reply More
Asian markets rally again, China data beats forecasts

Asian markets rally again, China data beats forecasts

HONG KONG: Asian stock markets climbed for a fifth-straight session Friday following yet another record close on Wall Street and after China released data showing the economy grew more than expected in the second quarter. Traders were on course to end one of the best weeks this year on expectations central banks around the world […]

July 15, 2016 | By | Reply More
BNM’s interest rate cut surprises economists, says report

BNM’s interest rate cut surprises economists, says report

Central bank governor Muhammad Ibrahim seen to be going against convention set by predessor, Zeti Akhtar Aziz, with no clear signal prior to movement of rates. PETALING JAYA: Economists were caught off guard by the move to cut interest rates by Bank Negara Malaysia (BNM) Governor Muhamad Ibrahim earlier this week, Bloomberg reported. Calling it […]

July 15, 2016 | By | Reply More
Indonesia’s sukuk more attractive than Malaysia’s

Indonesia’s sukuk more attractive than Malaysia’s

Indonesian bonds are the best performers in Southeast Asia this year, says a Bloomberg report, as more Brexit funds pour in. JAKARTA: Indonesia’s Islamic bond yields have fallen faster than Malaysia’s in the past three months, according to a Bloomberg report. This is because Indonesia’s higher-yielding notes do better at attracting investors fleeing plunging rates […]

July 15, 2016 | By | Reply More
US: Brexit poses new questions for EU trade, TTIP talks

US: Brexit poses new questions for EU trade, TTIP talks

WASHINGTON: The top US trade official said Thursday that Britain’s vote to break with the European Union opens new questions for negotiations over an ambitious transatlantic trade treaty. US Trade Representative Michael Froman also said he has already been in contact with British officials over how to proceed in organizing US trade with Britain, given […]

July 14, 2016 | By | Reply More
Brexit: Lagarde worries about ‘inward-looking forces’

Brexit: Lagarde worries about ‘inward-looking forces’

WASHINGTON: International Monetary Fund chief Christine Lagarde sounded an alarm Thursday over rising populism and nationalism, citing Britain’s vote last month to exit the European Union. “It did not take the Brexit vote to understand that low growth, rising inequality, and a lack of jobs have combined with social and geopolitical concerns to fuel the […]

July 14, 2016 | By | Reply More
Fed official: ‘Too early to sound all clear’ on Brexit

Fed official: ‘Too early to sound all clear’ on Brexit

WASHINGTON: Britain’s vote to exit the European Union has raised a cloud of uncertainty that could prove a headwind against the US economy, a senior Federal Reserve official said Thursday. Dennis Lockhart, president of the Atlanta Fed, noted the surprise Brexit decision initially roiled financial markets for a few days but they have mostly returned […]

July 14, 2016 | By | Reply More
Delta to cut flights to Britain in wake of Brexit vote

Delta to cut flights to Britain in wake of Brexit vote

NEW YORK: Delta Air Lines said Thursday it will cut back flights serving Britain this year in the wake of the country’s vote to pull out of the European Union. Delta said it plans to reduce capacity on service between the US and Britain by six percent this winter, citing the steep drop in the […]

July 14, 2016 | By | Reply More
Infineon bets on new chip generation with $850 million Wolfspeed buy

Infineon bets on new chip generation with $850 million Wolfspeed buy

FRANKFURT: German chipmaker Infineon Technologies has agreed to buy Wolfspeed Power and RF for $850 million from U.S. company Cree, betting on new energy efficient chips it expects will dominate the market in the next decade. Wolfspeed helps to make electronic devices operate more efficiently as its products are smaller, thinner and faster, lowering power […]

July 14, 2016 | By | Reply More
Oil up 1 percent after big losses; glut fears linger

Oil up 1 percent after big losses; glut fears linger

NEW YORK: Oil prices rose about 1 percent on Thursday as shortcovering lifted crude futures hammered a day ago by unusually weak U.S. demand for motor fuel during the traditionally busy summer driving season. Key crude benchmarks Brent and US West Texas Intermediate ost about 4 percent on Wednesday as a raft of bearish US […]

July 14, 2016 | By | Reply More