TORONTO: Omicron-fuelled market swings appear to have made November the worst month for global hedge fund performance since the virus first shut down economies at the start of the COVID-19 pandemic. Read full story
WASHINGTON: The International Monetary Fund is looking at all of its research processes in order to ensure the Fund’s data integrity in the wake of a data-rigging scandal at the World Bank, Managing Director Kristalina Georgieva said. Among the issues being examined is whether the IMF’s growth projections for countries with IMF loan programs are […]
ISKANDAR PUTERI: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) targets to deliver 30,000 units by the end of the month with over 200,000 units sold for 2021. Read full story
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week owing to bargain-hunting activities, a dealer said. Read full story
Bitcoin dived 12.14% to $47,176.09 on Saturday, losing $6,567.6 from its previous close. Read full story
BENGALURU: Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion, U.S. securities filings showed on Thursday. Read full story
SHANGHAI/HONG KONG: Ride-hailing giant Didi Global said on Friday it will delist from the New York stock exchange and pursue a listing in Hong Kong, succumbing to pressure from Chinese regulators concerned about data security. Read full story
KUALA LUMPUR: The Royal Award for Islamic Finance is inviting global nominations, Bank Negara Malaysia and the Securities Commission said in a joint statement on Friday. Read full story
PUTRAJAYA: Malaysia’s monthly export and import unit value indices posted positive growths of 1.4% and 0.6% respectively, in October 2021, according to the Statistics Department. Read full story
SYDNEY: Asian stocks wobbled and risk-sensitive currencies in the region sagged on Friday as investors bet inflation will prompt U.S. rate rises next year, even with the new Omicron coronavirus variant casting a cloud over the outlook. Read full story
BENGALURU: prices rose on Friday but a more hawkish stance of U.S. Federal Reserve officials on stimulus tapering and interest rate rises put the metal on course for a third straight weekly drop. Read full story
HONG KONG: Singapore’s soon-to-launch online-only banks will find it hard to carve out space in the city-state’s market, DBS Chief Executive Piyush Gupta told the Reuters Next conference. Read full story