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Malaysia

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  • BEIJING, April 17- China does not plan to use either its new Asian Infrastructure Development Bank or Silk Road fund to finance the $46 billion Pakistan-China Economic Corridor, with money to come from both countries instead, a senior diplomat said on Friday. President Xi Jinping's trip to Pakistan next week is expected to focus on the corridor, a planned network...

  • LONDON, April 16- The lead market is on a tear. The least sexy of the industrial metals traded on the London Metal Exchange has surged by over 20 percent from its March lows to a current $2,040 per tonne. The impact on spreads and positioning is still evolving, not least because of follow-on hits on LME inventory such as this morning's fresh 15,500 tonnes of...

  • Guess who's not invited to Pacific free trade pact Friday, 20 Mar 2015 | 9:41 AM ET
    The China Shipping Container Lines CSCL Brisbane container ship departs Terminal 3 of Port Botany in Sydney, Feb. 6, 2015.

    After nearly a decade, talks on the Trans-Pacific Partnership are nearing completion, according to people involved in the negotiations.

  • LONDON, March 18- The London Metal Exchange dropped something of a bombshell on its users last Monday when it warned it may have to suspend warranting activity at its Malaysian warehouses. The problem is Malaysia's introduction of a new Goods and Service Tax from April 1, 2015 and specifically whether it applies to LME-registered metal. Since a prerequisite...

  • KUALA LUMPUR/ MELBOURNE March 18- Malaysia's customs agency hopes to reach an agreement soon with the London Metal Exchange, after the LME threatened to stop registering new metal in the country if a new tax was levied in two bonded zones there, a customs official said on Wednesday. Malaysia's Ministry of Finance and Customs will engage with the LME "in the near...

  • March 18- Malaysia's customs agency hopes to reach an agreement soon after the London Metal Exchange threatened to stop registering metal in the country if a new tax affects its two bonded zones there, local media reported on Wednesday. The world's top metals market has been seeking details on how a new Malaysian goods and services tax, due to come into effect...

  • LANGKAWI, Malaysia, March 17- A new privately held Malaysian airline intends to buy 20 Bombardier Inc CS100 aircraft for $1.5 billion, in what could be the Canadian planemaker's first order in Southeast Asia for its long-delayed CSeries passenger jet program. The airline, called flymojo, could also buy 20 more aircraft, which would raise the value of the deal to...

  • US companies need to avoid euro's 'falling knife' Friday, 13 Mar 2015 | 2:40 PM ET
    Euro Dollar rates currency

    Currency strategist Mike Moran warns that as the euro falls, U.S. multinationals will have to stop playing the waiting game.

  • I'm a victim: Malaysia's Jho Low on 1MDB scandal   Thursday, 12 Mar 2015 | 11:35 PM ET
    I'm a victim: Malaysia's Jho Low on 1MDB scandal

    Jho Low, CEO of Jynwel Capital, says the intense speculation over his alleged connection to the troubled 1MDB is a "politically-charged effort" engineered by Malaysian authorities.

  • SINGAPORE, March 9- Last year was by some measures the safest in the history of commercial aviation, despite two high-profile crashes involving Malaysia Airlines aircraft in which hundreds of people were killed, a leading industry body said on Monday. While more people died in air accidents in 2014 than the average in recent years, the number of fatal accidents...

  • JACC: 'Remain committed to MH370 search'   Monday, 9 Mar 2015 | 1:33 AM ET
    JACC: 'Remain committed to MH370 search'

    Judith Zielke, chief coordinator at Joint Agency Coordination Centre (JACC), says the team remains committed to complete searching the priority search area by May 2015.

  • SINGAPORE, March 9- Last year was by some measures the safest in the history of commercial aviation, despite two high-profile crashes involving Malaysia Airlines aircraft in which hundreds of people were killed, a leading industry body said on Monday. While more people died in air accidents in 2014 than the average in recent years, the number of fatal accidents...

  • How long can the hunt for MH370 continue?   Sunday, 8 Mar 2015 | 10:35 PM ET
    How long can the hunt for MH370 continue?

    Andrew Herdman, director general, Association of Asia Pacific Airlines, says the search for Malaysia Airlines flight 370 depends not just on the cost, but commitment levels of the different countries.

  • ATSB: 'Got a long way to go for MH370 hunt'   Sunday, 8 Mar 2015 | 7:34 PM ET
    ATSB: 'Got a long way to go for MH370 hunt'

    Martin Dolan, chief commissioner of Australian Transport Safety Bureau (ATSB), says only 40 percent of the search area has been covered thus far. He adds that the search for Malaysia Airlines flight 370 will continue as long as resources are available.

  • Why the hunt for MH370 should continue   Sunday, 8 Mar 2015 | 6:34 PM ET
    Why the hunt for MH370 should continue

    Denny Kelly, principal & former pilot at Kelly James and Associates, says the search area for Malaysia Airlines flight 370 is so deep that the team could have missed possible wreckage.

  • Search for MH370: One year on   Sunday, 8 Mar 2015 | 6:30 PM ET
    Relatives of passengers from missing flight MH370 on February 18, 2015.

    With no hard evidence to go by, the search continues for Malaysia Airlines flight 370, which disappeared en route to Beijing on March 8 last year. CNBC's Adam Bakhtiar reports.

  • Battery expired on MH370 black box: interim report Sunday, 8 Mar 2015 | 5:35 AM ET
    Ground staff prepare Malaysia Airlines planes for departure at Kuala Lumpur International Airport in Sepang

    The battery on one of Malaysia Airline flight MH370's data recorders may have expired more than a year before the plane went missing, a report said.

  • KUALA LUMPUR, March 4- Malaysia's indebted and controversy-ridden state investor 1 MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said. The power and property fund, a pet project of Prime Minister Najib Razak with assets worth $14...

  • Lower oil both blessing and curse for AirAsia Thursday, 26 Feb 2015 | 11:46 PM ET

    Lower oil prices usually boost airline profits, but for AirAsia, the drop pushed the carrier into the red as Malaysia's ringgit took a knock-on blow.

  • METALS-London copper prices drift on Lunar New Year lull Wednesday, 18 Feb 2015 | 8:43 PM ET

    MELBOURNE, Feb 19- London copper edged lower on Thursday, paring gains from a short-covering burst the session before, with trade subdued as many Asian nations celebrate Lunar New Year. Copper is expected to remain stuck in the $5,300- 5,800 range in place for the past month until Chinese buying activity ramps up in mid-March. *Other markets taking some holiday...