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Asia Top News and Analysis Malaysia

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  • How China's yuan move hurts emerging markets Monday, 17 Aug 2015 | 1:52 PM ET
    A vendor holds Chinese Yuan notes at a market in Beijing.

    China's move to devalue the yuan will impact emerging markets in several ways and investors should beware, says UBS's Jorge Mariscal.

  • *Will no longer invest in Korea's Posco, Daewoo International. Construction firm IJM Corp Bhd and conglomerate Genting Bhd, both of Malaysia, and steelmaker POSCO and conglomerate Daewoo International Corp of South Korea, were removed from the fund. At the start of 2015, the Norwegian fund owned shares worth 1.49 billion Norwegian crowns in Posco, 67.5 million...

  • SINGAPORE, Aug 17- Foreign investors in Malaysia's bond markets have stayed put through months of economic and political uncertainty but a sudden spurt in currency volatility appears to be testing that allegiance. They sold some assets in July as the ringgit's losses mounted, cutting holdings to 206.8 billion ringgit, the lowest since August 2012.

  • Ringgit hits record low Friday, 14 Aug 2015 | 1:45 AM ET
    Ringgit hits record low

    Callum Henderson, global head of FX research at Standard Chartered, talks about the drop of the Malaysian ringgit and the depreciation of China's yuan.

  • Why the yuan may deck Singapore property stocks Thursday, 13 Aug 2015 | 7:31 PM ET

    Singapore's property shares, already hit by expectations of rising rates, took a beating after China devalued its currency and more pain may be ahead.

  • *Economy expected to stay resilient- c.bank gov. KUALA LUMPUR, Aug 13- Malaysia's economy grew more strongly than expected in the second quarter, welcome news for embattled Prime Minister Najib Razak, but its battered currency slipped on Thursday in spite of the growth and the central bank ruling out capital controls. Analysts say one reason is reduced...

  • Top Glove: Weak ringgit is a short-term tailwind Tuesday, 11 Aug 2015 | 12:43 AM ET
    Top Glove: Weak ringgit is a short-term tailwind

    While the depreciation of the ringgit is usually a tailwind for Malaysia's rubber glove makers, the positive impact will not be permanent, says Top Glove's managing director Lee Kim Meow.

  • KUALA LUMPUR/ SINGAPORE/ NEW YORK, Aug 7- Malaysian anti-corruption officials investigating state investor 1 MDB for alleged graft visited the local office of Goldman Sachs last month seeking documents relating to the state firm, two people familiar with the visit said. "1 MDB is the subject of investigations, not Goldman Sachs," this source said.

  • KUALA LUMPUR/ SINGAPORE, Aug 7- Malaysian anti-corruption officials investigating state investor 1 MDB for alleged graft visited the local office of Goldman Sachs last month seeking documents relating to the state firm, two people familiar with the visit said. "1 MDB is the subject of investigations, not Goldman Sachs," this source said. Goldman Sachs is working...

  • KUALA LUMPUR/ BEIJING, Aug 7- Angry relatives of Chinese passengers aboard a Malaysia Airlines plane missing for more than a year clashed with police in Beijing on Friday as French officials extended the search for debris on remote Indian Ocean island beaches. Investigators on the French-governed island of Reunion have collected a piece of wing that Malaysia...

  • MH370 families frustrated with Malaysia Airlines Thursday, 6 Aug 2015 | 11:12 PM ET
    MH370 families frustrated with Malaysia Airlines

    As many as 100 family members gathered at a Malaysia Airlines outlet in an airport cargo base to question the airline why they are certain that the debris found on the French island of Reunion last week was from MH370.

  • KUALA LUMPUR, Aug 7- Kuala Lumpur has asked for more help in the search for a Malaysia Airlines plane missing for more than a year, with France to send planes, boats and helicopters to scour the coast of a remote Indian Ocean island where debris washed up. Investigators on the French-governed island of Reunion have collected a piece of wing that Malaysia has said...

  • Secretary of State John Kerry on Thursday accused China of not allowing freedom of navigation and overflight in the disputed South China Sea, despite giving assurances that such freedoms would not be impeded. China has repeatedly warned Philippine military aircraft away from the artificial islands in the Spratly archipelago of the South China Sea,...

  • *Malaysia says maintenance records, paint color match plane. KUALA LUMPUR, Aug 6- Malaysia said on Thursday paint color and maintenance-record matches proved that a piece of wing found on the shore of an Indian Ocean island was part of the wreckage of Malaysian Airlines flight MH370, which vanished without trace last year. With the first trace of the plane now...

  • BEIJING, Aug 6- Chinese family members of passengers aboard a missing Malaysia Airlines flight reacted with anger and skepticism on Thursday after Malaysia's government said a piece of wing debris found on an Indian Ocean island last week was from the plane. Flight MH370 was carrying 239 passengers and crew when it disappeared in March last year en route from...

  • SYDNEY, Aug 6- Confirmation that a wing flap found on the French island of Reunion in the Indian Ocean is from Malaysian Airlines Flight MH370 is unlikely to put an end to wildly diverse theories about one of the biggest mysteries in modern aviation. Delayed responses from the Malaysian government, false leads, fortuitously found satellite data and the very...

  • KUALA LUMPUR, Aug 6- Southeast Asian nations have yet to agree a concluding statement at a regional meeting in Malaysia because of wrangling over how to refer to the disputed South China Sea, Singapore's foreign minister said on Thursday. The delay is a sign of the divisions within the Association of South East Asian Nations in dealing with China's...

  • Families heartbroken by news of MH370 debris Wednesday, 5 Aug 2015 | 9:13 PM ET
    Families heartbroken by news of MH370 debris

    Families of the passengers on board Malaysia Airlines flight MH370 were devastated by the confirmation that for the first time a part of the jet has been found. CNBC's Eunice Yoon reports.

  • Families question Malaysia's MH370 evidence Wednesday, 5 Aug 2015 | 9:06 PM ET
    Jacquita Gonzales, left, wife of the Malaysia Airlines MH370 inflight supervisor Patrick Gomes, and Melanie Antonio, right, wife of chief steward Andrew Nari speak with media representatives in Kuala Lumpur after Prime Minister Najib Razak's announcement.

    Families of MH370 passengers have questioned discrepancies between Malaysian and French confirmations that debris is from the missing flight.

  • Why investors are snubbing Malaysian 'bargains' Wednesday, 5 Aug 2015 | 8:00 PM ET

    Malaysia's stocks and currency have tumbled, but bargain buyers don't appear likely to step up any time soon, analysts said.