Taimur Baig, Chief Economist for Asia at Deutsche Bank, warns countries like Australia and Malaysia rely on commodity exports and could be hurt from lower oil prices.» Read More
*Deal will involve share swap between CIMB and RHB- sources. SINGAPORE/ KUALA LUMPUR, Oct 9- Malaysia's CIMB Group Holdings Bhd and two smaller domestic lenders have agreed to create the country's biggest banking group, with deal terms set to be worked out over the next year, sources with direct knowledge of the matter said. Proposals submitted to the central bank...
HANOI, Oct 9- Pirates that captured a Vietnamese oil tanker last week after it left Singapore have released the vessel, the company that owns the ship said on Thursday. "Officers from Vietnam's coast guard approached the ship and are escorting it to Phu Quoc island as two crew members have been injured," said Diep. The Sunrise 689 had vanished from radar 40 minutes...
The Sunrise 689, which had a crew of 18 people and was carrying over 5,000 tonnes of gas oil, vanished from radar 40 minutes after leaving Singapore on Oct. 2 when it was bound for Quang Tri province in central Vietnam. The ship is owned by Vietnam's Haiphong Sea Product Shipbuilding Co, which said its last known location was 115 nautical miles northeast of...
Dariusz Kowalczyk, Senior Economist & Strategist at Asia ex-Japan, Credit Agricole, explains why the South Korean won and Malaysian ringgit offer buying opportunities.
KUALA LUMPUR/ JAKARTA, Oct 3- September marked a turning point for Southeast Asia's foreign exchange and stock markets, ending a six-month run of capital inflows as the dollar's broad rally drew investors' attention to the currency risk and exalted valuations in these markets. Even though the cumulative net foreign investment was positive in the four...
The U.S. lifted an arms embargo against its old enemy. But that doesn't mean U.S.-made weapons will sell there.
CNBC's Christine Tan speaks to the fourth-generation leaders behind the world's largest pewter maker Royal Selangor about their expansion plans in the mainland.
KUALA LUMPUR/ VANCOUVER, Sept 25- Malaysian state-owned oil and gas company Petronas said on Thursday it might pull out of a roughly $10 billion liquefied natural gas project in Canada due to what it said was the country's slow progress developing a taxation plan.
In a world riven by differences, there's still plenty of common ground when it comes to public attitudes about major institutions.
The Corporate Perception Indicator is a survey of the population and biz execs from 25 markets, conducted for CNBC and Burson-Marsteller.
Fishery poaching is wiping out shoreline stocks and pushing poor fishermen from some countries toward piracy.
*Sellers say holding talks with China on Kurdish oil sales. *A China deal could hurt Baghdad's efforts to halt trades.
LONDON, Sept 17- Indonesia's tin exports slumped to a one-year low of 3,595 tonnes in August. And they are set to fall further in September. This sort of price support action from Indonesia is becoming part and parcel of the global tin market.
Piracy is exploding in the world’s most heavily trafficked commercial waterway, and organized crime is the force behind it.
*SocGen, BTMU, Goldman set up sukuk programmes since June. Sept 14- Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
SINGAPORE, Sept 12- The volume of open positions in Malaysian palm oil futures jumped to a record high this week, suggesting the market may be bottoming out after falling to its lowest price in more than five years.
*Expected to be at least $500 million with 5- year tenor. DUBAI/ KUALA LUMPUR, Sept 4- Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
*Issue expected to be at least $500 million. DUBAI/ KUALA LUMPUR, Sept 4- Goldman Sachs is reviving plans to issue at least $500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.
MUMBAI, Aug 30- India's federal police have filed charges against a former minister, his media mogul brother, and a Malaysian tycoon over alleged corruption to help Malaysia's Maxis group take control of an Indian mobile phone carrier eight years ago.
Tensions in the South China Sea may seem far off to Western investors, but any conflict in the region could affect the world economy.