Household debt across Asia is raising red flags, but the official data may not capture the full picture for families around the region.» Read More
Nazir Razak, Chairman of CIMB, explains why a planned merger with RHB and Malaysia Building Society to create Malaysia's biggest bank fell through.
**SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.
*Revised budget assumes world oil price of $55 instead of $100. KUALA LUMPUR, Jan 20- Malaysia ringgit currency fell to a six-year low on Tuesday as the government cut its economic growth forecast, reduced its budget and widened its fiscal deficit target for 2015, to reflect lower oil and gas revenues due to plunging world prices. Announcing revisions to a 2015...
Song Seng Wun, Regional Economist at CIMB, expects Malaysia to prioritize social spending over infrastructure amid plunging oil prices and describes the outlook for the Malaysian ringgit.
Conventional wisdom suggests commodity exporters will take price declines on the chin, but Morgan Stanley expects they'll benefit most.
Aer Lingus, Ryanair extending hedging position into 2016. SINGAPORE/ BERLIN, Jan 14- Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel. In Europe, airlines such as Aer Lingus and Ryanair are aiming to take advantage of the low oil prices to...
Matthew Hegarty, Analyst at Pinnacle International, compares the performances of India and Indonesia amid plunging oil prices.
Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.
Todd Elmer, Currency Strategist at Citi, believes that the Malaysian ringgit will continue to underperform amid lower oil prices. Hence investors should continue to short the currency.
Vishnu Varathan, Senior Economist at Mizuho Bank, outlines the double whammy that will contribute to a "distinct deceleration" in Malaysia's growth for the year ahead.
Search teams have been hunting for the wreck of an Indonesia AirAsia passenger jet but bad weather is again hindering the search.
An official said it may take a week to find the missing AirAsia jet's black boxes as poor weather hampered search efforts.
The bulk of the missing AirAsia jet may be on the floor of the Java Sea, which could indicate the aircraft hit the sea bed intact.
Bad weather hampered the search for the wreckage and black boxes of flight AirAsia QZ8501 after Indonesian rescuers found bodies and debris near Borneo.
Debris, luggage, life vests and bodies have been found during the search for the missing AirAsia flight.
Missing AirAsia Flight QZ8501 carrying 162 people is thought to have crashed into the sea, an Indonesian rescue agency official has told reporters.
A plane belonging to Indonesia AirAsia, 49 percent owned by Malaysia- based budget carrier AirAsia, vanished on Sunday on a flight from the Indonesian city of Surabaya to Singapore. Malaysia's only other airline, Malaysia Airlines, was involved in twin air disasters this year with flight MH370 disappearing over the southern Indian Ocean in March and MH17 being...
CNBC's Phil Han reports on Malaysia Airlines' restructuring plan that will hope to see the airline recover financially.
LONDON, Dec 11- Emerging market stocks were sold off on Thursday, with Middle East bourses battered after oil prices plunged the previous day and the Saudi oil minister shrugged off suggestions the country might cut output to shore up prices. Fuelling the selloff in Middle East share markets were comments by Saudi Arabia's oil minister reiterating that the...
SYDNEY, Dec 11- Global aluminium premiums are expected to reach fresh record highs by mid-2015 on a supply deficit in the United States and Europe, a Reuters survey showed. "The world, excluding China, will continue to be in short supply due to shut downs, production curtailments and strong demand in South America and North America," said one respondent.