Sunday, October 2nd, 2016


Chinese cities introduce curbs to cool overheated property

SHANGHAI, Oct 2 — Local governments in seven Chinese cities tightened rules for home purchases over the past three days in a bid to damp resurgent demand and rein in excessive speculation. Authorities in those metropolitan areas introduced… Source: The Malay Mail Online

German media: Merkel cannot afford to bail out Deutsche Bank

FRANKFURT, Oct 2 — German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote… Source: The Malay Mail Online

US data to put December rate hike in focus

DUBLIN, Oct 2 — The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Fund meetings and key data may harden the case for a tightening of… Source: The Malay Mail Online

Chengdu, Zhengzhou restrict property purchases

SHANGHAI, Oct 2 ― Chinese cities Zhengzhou and Chengdu have announced new restrictions on property purchases, the latest among second- and third-tier cities across the country to try to cool soaring home prices. Residents of the inland city of… Source: The Malay Mail Online

German bank regulator warns of negative perception spiral

FRANKFURT, Oct 2 ― The head of Germany’s financial regulator warned yesterday of negative perceptions that could lead to downward spirals on the markets, at the end of a week that saw Deutsche Bank shares battered by a crisis of confidence…. Source: The Malay Mail Online

EU wants Google to stop anti-competitive Android practices, fine expected

BRUSSELS, Oct 2 ― EU antitrust regulators plan to order Alphabet’s Google to stop paying financial incentives to smartphone makers to pre-install Google Search exclusively on their devices and warned the company of a large fine, an EU document… Source: The Malay Mail Online

UK companies see fastest pickup in a year as expectations rise

LONDON, Oct 2 ― Businesses expect Britain to end the year on a high, with improvements in manufacturing, retail and services spurring the fastest pickup in more than a year. Companies’ expectations for output in the fourth quarter rose to 22… Source: The Malay Mail Online

Reformulating the PSC: Yay or nay?

KUCHING: The passenger service charge, or more commonly known as PSC or airport tax, is the talk of the town nowadays as local reports reveal sources to say that new rates for the PSC have been approved by the Cabinet. As rates paid by departing passengers, the PSC is collected by the airlines upon purchase […] Source: Borneo Post Online

The week at a glance 2 October 2016

Sabah & Sarawak Production begins from LNG Train 9 in Bintulu Petroliam Nasional Bhd (Petronas) announced the production of first commissioning liquefied natural gas (LNG) cargo from the newly completed LNG Train 9 in the existing Petronas LNG Complex (PLC) at Bintulu. The first commissioning cargo was produced 42 months after the award of the […] Source: Borneo Post Online

Crude Palm Oil Weekly Report – October 1, 2016

Malaysian palm oil futures rebounded and closed at 2,634 as market underpinned by weaker ringgit while traders cover their position ahead of public holiday. Crude palm oil futures (FCPO) benchmark December 2016 contract settled at 2,636 on Friday, down 40 points or 1.5 per cent from 2,676 last Friday. Trading volume decreased to 203,882 contracts […] Source: Borneo Post Online