Sunday, October 9th, 2016


Swiss bank that ’discovered’ US picks China over weak Europe

STOCKHOLM, Oct 9 — The Swiss bank that built its fortune tapping new opportunities in the US two centuries ago is telling investors to ditch sclerotic Europe and have greater faith in emerging markets. According to Lombard Odier, Europe is… Source: The Malay Mail Online

Pound’s safety-valve status in jeopardy as tumble accelerates

LONDON, Oct 9 — The pound risks turning from prop to pain for the UK economy as Brexit negotiations near. Sterling tumbled the most last week since the vote to leave the European Union in June, as investors woke up to the fact that the UK… Source: The Malay Mail Online

Australia’s Rinehart and China’s Shanghai CRED agree deal for Kidman cattle empire

SYDNEY, Oct 9 — Australia’s richest woman Gina Rinehart and Chinese developer Shanghai CRED have agreed on a deal to jointly purchase S. Kidman & Co, the country’s largest private land holding, for A$365 million (RM1.1 billion), the… Source: The Malay Mail Online

Alibaba Pictures, Spielberg’s Amblin to co-produce films for global, Chinese audiences

BEIJING, Oct 9 — Steven Spielberg’s Amblin Partners and Alibaba Pictures Group Ltd, the film studio unit of Chinese e-commerce giant Alibaba Group Holding Ltd, said today they will co-produce and finance films for global and Chinese audiences…. Source: The Malay Mail Online

Deutsche Bank says derivatives exposure fears overblown

FRANKFURT, Oct 9 — Deutsche Bank is continuing to cut back the size of its derivatives book, which is not as risky as investors may believe, Chief Risk Officer Stuart Lewis told German weekly paper Welt am Sonntag. “The risks in our… Source: The Malay Mail Online

SME Corp allocates RM9m for TUBE 3.0

MARANG, Oct 8 — SME Corporation Malaysia (SME Corp) has allocated RM9 million for the Bumiputera Entrepreneurs Youth (TUBE 3.0) programme this year, said its Deputy Chief Executive Officer, Rizal Nainy. He said since it was introduced in 2014,… Source: The Malay Mail Online

China says EU duties on Chinese steel are unfair

BEIJING, Oct 9 — China’s Commerce Ministry has expressed concern and regret after the European Union set provisional import duties on two types of Chinese steel coming into the bloc, calling its investigation methods “unfair”. The duties… Source: The Malay Mail Online

Twitter seeks new path after potential bidders said to back off

SAN FRANCISCO, Oct 9 — Twitter Inc, struggling to find new users, will need to rely more heavily on its live video streaming strategy after top potential bidders were said to have lost interest in making offers amid pressure from their… Source: The Malay Mail Online

Philippines eyes Chinese investment, dismisses US flap

WASHINGTON, Oct 9 — Philippines President Rodrigo Duterte will seek billions of dollars in infrastructure investments from China in the coming months as the country seeks to alter its relationship with Beijing, Philippines Finance Minister… Source: The Malay Mail Online

IMF will stay out of Greek bailout, to take special status, sources claim

WASHINGTON, Oct 9 — The International Monetary Fund will not join the Greek bailout programme but will likely accept a special advisory status with limited powers that keeps it at the table, two senior sources with direct knowledge of the… Source: The Malay Mail Online