Iran gives investors glimpse of US$30b in oil deals to come
TEHRAN, Nov 29 — Iran is targeting about US$30 billion (RM128.1 billion) in investment by offering 70 oil and natural gas projects to international companies as the Persian Gulf country anticipates the lifting of economic sanctions.
Iranian…
Emerging market funds seek escape from traditional indexes
LONDON, Nov 29 — Emerging market fund managers are seeking to escape from the straitjacket of traditional benchmark indexes in favour of a more flexible approach to capture the diverging performances of different countries and sectors.
The…
IMF poised to put Chinese yuan in elite currency basket
WASHINGTON, Nov 29 — The International Monetary Fund is expected to approve inclusion of China’s yuan in its SDR basket of elite currencies tomorrow, rewarding Beijing’s strong pursuit of the global status.
The IMF executive board is scheduled…
Opec officials question upbeat outlook ahead of policy meeting
VIENNA, Nov 28 — Opec officials questioned an upbeat forecast from the group’s researchers in a meeting ahead of next week’s gathering of oil ministers, with some sceptical there will be a quick easing of the supply glut in 2016.
The comments…
Ringgit likely to hover around RM4.25 next week
KUALA LUMPUR, Nov 28 —The ringgit is likely to hover around RM4.25 against the US dollar next week with external factors continuing to influence the local unit’s movement, a dealer said.
Inter-Pacific Research Sdn Bhd Head of Research Pong Teng…
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