Ahead of Malaysian central bank's announcement on Thursday, Daryl Liew, Head Of Portfolio Management at Real Singapore, says weak global economic data will make Bank Negara stand pat on interest rates.» Read More
HONG KONG, Sept 27- Lauded by many for its principled stance in rejecting Alibaba Group's plans to list shares, the Hong Kong Stock Exchange has left the city's financial community fuming at a lost opportunity, and re-ignited calls for market reforms.
Ruben Emir Gnanalingam, CEO, Westports Malaysia speaks exclusively to CNBC about the demand for their upcoming IPO, which could be the largest in Malaysia this year.
In an excerpt from "The CNBC Conversation," Malaysia's Prime Minister Najib Razak discusses the country's indebtedness with Martin Soong.
Taimur Baig, Chief Economist, Asia at Deutsche Bank says that the Fed's guidance was clear and markets seemed prepared but with no taper this time, he expects the Fed to move in December.
*BlackBerry declines to confirm report. Citing unnamed people familiar with the matter, the article said BlackBerry could cut up to 40 percent of its staff and the layoffs will happen across job functions and likely occur in waves.
*BlackBerry shares up 1 percent in trading on Nasdaq. Once a pioneer in the smartphone arena, BlackBerry said last month it was weighing options that could include an outright sale, in the face of lackluster sales of its new devices that run on the BlackBerry 10 operating system.
*Gold falls for third consecutive session. LONDON, Sept 18- Gold fell for the third consecutive session on Wednesday to a six-week low, as markets paused for the U.S. Gold is usually seen as a hedge against inflation, but latest data showed this remains muted in main Western markets.
Once a pioneer in the smartphone arena, BlackBerry said last month it was weighing options that could include an outright sale, in the face of lacklustre sales for its new devices that run on the BlackBerry 10 operating system.
SYDNEY, Sept 18- Asia's top companies were less upbeat about their business outlook in the third quarter of 2013 as concerns about the global economy and rising costs dampened sentiment, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday showed.
LAUNCESTON, Australia, Sept 17- China may boast the world's largest potential reserves of shale gas but is likely to lose to Australia in the race to be second behind the United States in bringing significant production on line.
SYDNEY/ KUALA LUMPUR, Sept 15- Islamic pensions are making inroads in several majority-Muslim countries, and their success may help the growth of asset management industries across much of Asia and the Middle East.
*Nigeria has unmet demand for 16 million homes. *Huge population, growing middle-class driving boom. ABUJA, Sept 15- On one of the most exclusive streets in Nigeria's capital sits a crumbling mansion with an unwelcoming message painted at its entrance: "BEWARE!
WASHINGTON, Sept 13- President Barack Obama will discuss economic and security issues with Asian leaders during a trip to Indonesia, Brunei, Malaysia and the Philippines Oct. 6- 12, the White House said on Friday.
NEW DELHI/ BANGALORE, Sept 13- Two consortiums, including IBM and STMicroelectronics, have proposed building semiconductor wafer plants in India costing a total of $8 billion, a minister said after the government approved concessions to lure chipmakers.
KUALA LUMPUR, Sept 13- State investor 1 Malaysia Development Bhd has boosted the target size of its IPO for its energy assets to around $3 billion, a person with direct knowledge of the plan told Reuters, as the fund looks to repay debt incurred in a shopping spree for power plants.
KUALA LUMPUR, Sept 13- State investor 1 Malaysia Development Bhd has boosted the target size of its IPO for its energy assets to around $3 billion, a person with direct knowledge of the plan told Reuters, as the group looks to repay debt incurred after a shopping spree for power plants.
HONG KONG, Sept 12- Hong Kong shares may end the week on a subdued note on Friday as major indexes and Chinese cyclical counters approach technically overbought levels following recent robust gains, while investors also remain wary ahead of next week's Federal Reserve decision on its stimulus programme.
SINGAPORE, Sept 13- Fear in Asian financial markets of what the Fed might do may have been greatly exaggerated, judging by how little foreign investment that entered Asia during the past four years has left so far in anticipation of tighter U.S. monetary policy.
LONDON, Sept 12- Global oil supplies look comfortable despite a massive outage in Libyan output and oil prices could see some downward pressure if sharp currency depreciation in emerging markets leads to softer demand, the International Energy Agency said.
*Indonesia mulled for possible investment. FRANKFURT, Sept 11- Volkswagen is taking further steps to beef up its overseas operations as the German carmaker increasingly feels the pinch of slumping demand in ailing European markets.