Merrill Lynch will concentrate on managing and understanding the risks it takes, says its CEO John Thain. CNBC's Sri Jegarajah reviews the aftermath of Merrill Lynch's record quarterly loss.
The RBA hiked rates by 25 bps to 3.75%, in line with market expectations. Shane Oliver, head of investment strategy & chief economist at AMP Capital Investors and Adrian Foster, head of financial markets research, Asia Pacific at Rabobank, give their instant analysis to CNBC's Oriel Morrison.
The events in Dubai could hurt international investor sentiment towards emerging markets, says Matt Robinson, economist at Moody's Economy.com. He speaks with CNBC's Oriel Morrison.