Sunday, August 28th, 2016


US$53b stock splurge in prospect with losses of Japan pension giant

TOKYO, Aug 28 — The world’s biggest pension fund has room for a Japan stock shopping spree after the value of its investments tumbled last quarter. The US$1.3 trillion (RM5.2 trillion) Government Pension Investment Fund would need to spend… Source: The Malay Mail Online

Dana Gas may seek to roll over part of US$700m Islamic bond

DUBAI, Aug 28 — Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the US$700 million (RM2.8 billion) Islamic bonds maturing next year, the chief executive officer said. The… Source: The Malay Mail Online

Sinopec profit slips as refining fails to counter oil crash

BEIJING, Aug 28 — China Petroleum & Chemical Corp, the world’s biggest oil refiner, posted a 22 per cent decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and… Source: The Malay Mail Online

India to seek US$15b of investment to double mining output

NEW DELHI, Aug 28 — India expects to woo one trillion rupees (RM60 billion) of investment over five years to double mining output and cut mineral imports. The government’s goal is to fast-track exploration, including upfront payments for… Source: The Malay Mail Online

HCK Capital to launch nine projects with GDV of RM8b

PETALING JAYA, Aug 28 — Property developer, HCK Capital Group Bhd, is set to launch nine integrated development projects in the next three years, said Group Executive Director, Clifford Hii. Hii said the projects, which will have a gross… Source: The Malay Mail Online

Petronas US$8.5b Canada gas plan buoyed by Aboriginal vote

KUALA LUMPUR, Aug 28 — Petroliam Nasional Bhd.’s proposed C$11 billion (RM34.1 billion) liquefied natural gas export plant in Canada is getting a boost as an aboriginal community signals openness to the project amid speculation that the… Source: The Malay Mail Online

Global central bankers, stuck at zero, unite in plea for help from governments

JACKSON HOLE, Aug 28 — Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the… Source: The Malay Mail Online

As Fed nears rate hikes, policymakers plan for ‘brave new world’

JACKSON HOLE, Aug 28 — Federal Reserve policymakers are signalling they could raise US interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid US labour market “has strengthened” the… Source: The Malay Mail Online

Kuroda: BOJ will act ‘without hesitation’ to revive inflation

JACKSON HOLE, Aug 28 — The recent dip in inflation in Japan may mean inflation expectations are not yet anchored at the Bank of Japan’s two per cent target, and the bank will approve more quantitative easing or lower negative interest rates… Source: The Malay Mail Online