IHH extends validity of offer for India's Fortis by 2 weeks
KUALA LUMPUR (May 17): IHH Healthcare Bhd has extended by two weeks the validity of its enhanced revised offer to acquire a stake in India’s…
KUALA LUMPUR (May 17): IHH Healthcare Bhd has extended by two weeks the validity of its enhanced revised offer to acquire a stake in India’s…
KUALA LUMPUR (May 17): Prime Minister Tun Dr Mahathir Mohamad has been made aware of the many flaws in the figures on the country’s financial…
KUALA LUMPUR (May 17): Malaysia’s ousted former premier Datuk Seri Najib Razak was “totally shattered” the night he lost the general election and called his…
KUALA LUMPUR (May 18): Police have seized 72 pieces of luggage containing cash in various currencies and a “rather big amount” of jewellery and 284…
KUALA LUMPUR (May 17): Based on corporate announcements and news flow today, companies in focus on Friday (May 18) may include the following: Ahmad Zaki…
REUTERS’ FACTBOX (May 17): A.P. Moller-Maersk, the world’s biggest container shipper, said on Thursday that it planned to shut down operations in Iran. Following is a list…
KUALA LUMPUR (May 18): The FBM KLCI is expected to trade range bound today, in line with the overnight retreat at Wall Street, and the…
The dollar firmness theme mutated into a specific EUR-USD weakness theme, with the pairing trading under the 1.1800 level for the first time since December while the dollar concurrent gave back some of the gains it saw yesterday versus the yen, Canadian dollar and other currencies. EUR-USD posted a five-month low at 1.1794. Euro underperformance […]
The dollar has been buoyed by rising U.S. Treasury yields. The U.S. 10-year T-note hit a seven-year high above 3.03% while Fed funds futures were, as of the PM session on Wall Street yesterday, fully pricing in at 25 bp tightening at the June 12th-13th FOMC while discounting about 80% odds for another quarter point […]
OVERVIEW US Dollar made fresh highs before giving back some ground despite solid data. EUR slides below 1.18 as Italian political parties agree to form a government. GBP little changed, towards recent lows. CAD outperforming other G10 currencies after strong factory sales. Turkish Lira hits a fresh record low, central bank promises ‘necessary steps’ to […]
KUALA LUMPUR (May 16): Malaysian Prime Minister Tun Dr Mahathir Mohamad said more wrongdoing occurred at state fund 1MDB than was publicly known, as he…
KUALA LUMPUR (May 16): Tun Dr Mahathir Mohamad’s return may spell more pressure on Malaysia’s beleaguered bond market — almost a decade of efforts spent…