Zeti: Sale of 1MDB’s assets to China firm has no impact on market
KUALA LUMPUR, Dec 1 ― 1Malaysia Development Bhd’s sale of its energy assets to China’s firm will not have an impact on the market, said Bank Negara Malaysia’s Governor, Tan Sri Dr Zeti Akhtar Aziz.
“Our system is large and the foreign exchange…
Ringgit rebounds to open higher against US dollar
KUALA LUMPUR, Dec 1 — The ringgit rebounded to open higher against major currencies, including the US dollar today, as investors shifted their interest to the local note, a dealer said.
At 9am, the ringgit was quoted at 4.2440/2530 against the…
Short-term rates to remain steady on BNM’s intervention
KUALA LUMPUR, Dec 1 — Short-term interbank rates are expected to remain steady today on Bank Negara Malaysia’s (BNM) intervention to absorb surplus liquidity from the financial system.
BNM estimated today’s liquidity at RM44.55 billion in the…
Asian stocks rally with oil before factory daya while yen drops
TOKYO, Dec 1 — Asian stocks rebounded ahead of manufacturing data expected to provide investors with some insight into the global economy ahead of key policy decisions out of Europe and the US this month. Copper futures and crude oil also rallied,…
Honda lifts retirement age to 65 as Japan copes with aging nation
TOKYO, Dec 1 — Honda Motor Co. plans to shake up job terms next fiscal year and lift its retirement age by five years to 65, making the carmaker one of Japan Inc.’s biggest companies to take action in coping with the nation’s aging demographics….
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