Sunday, July 9th, 2017

 

France says Europe should make US companies pay fair share of taxes

AIX-EN-PROVENCE, July 9 — Time has come for the European Union to make multinationals, such as US giants Amazon, Facebook and Google, pay their fair share of taxes, the French finance minister said today. “I can tell you that the times we…


ECB’s Villeroy sees autumn as the season to adapt stimulus plan (VIDEO)

FRANKFURT, July 9 — The European Central Bank is likely to decide on the next change in its stimulus settings in the autumn, when it will continue the process of tweaking its measures to reflect the euro area’s upturn, according to Governing…


BPA Malaysia weekly bond market report 9 July 2017

Sovereign bond yields continued to climb on Monday together with global bond selloffs following the hawkish statements by several central banks from the previous week. Nonetheless, yields normalised slightly during the middle of the week with investors buying on dips, albeit still on an upward trend tracking the US Treasuries as well as the healthy […]


[KLCI Trend] Bearish trend to extend

The market rebounded early last week but weak as the FBM KLCI failed to rally and rise above its short term 30-day moving average. The failure to rally indicates weak market sentiment and hence the index fell sharply on Friday and closed at its lowest level in two months. The FBM KLCI declined 0.2 per […]


Netflix deal to be finalised by next month

KUALA LUMPUR: The Malaysia Internet Exchange (MyIX) will  finalise its deal with America’s popular online entertainment company, Netflix,  to provide its video and movie  content in Malaysia, by end-August, says Chairman Chiew Kok Hin. The non-profit MyIX is the first neutral Internet Exchange where local Internet Service Providers (ISPs) and content providers connect to exchange Internet traffic. He said with the deal entered […]


Crude Palm Oil Weekly Report – 8 July 2017

Malaysian palm oil futures recorded the strongest gains in more than a month, rising in four consecutive days before rebounding slightly on Friday, tracking performance in rival edible oils on China’s Dalian Commodity Exchange and forecasts of lower production in June. The benchmark crude palm oil futures (FCPO) contract up 4.03 per cent to RM2,554 […]


London’s plush Grosvenor House hotel sold to Ashkenazy

SEATTLE, July 9 — Ashkenazy Acquisition Corp, the US real estate investor that recently bought a stake in New York’s Plaza Hotel, said that it acquired the Grosvenor House hotel in London, helping resolve an imbroglio that kept ownership of…


[Night’s Pick] Carmakers: Revving up for an evolution

Times are exciting for autoplayers in Malaysia. In spite of subdued consumer sentiment, stringent lending guidelines and the weak ringgit this year, carmakers are on the cusp of corporate change that will evolve the sector. High on the list of said change is the newly-formed strategic partnership between DRB-Hicom Bhd (DRB-Hicom) and Zhejiang Geely Holding […]


[Weekly Highlights] The week at a glance 9 July 2017

National OCBC upgrades Malaysia’s 2017 GDP to 4.8 pct OCBC Bank has upgraded Malaysia’s gross domestic product (GDP) growth to 4.8 per cent for 2017 from 4.2 per cent earlier and on the back of growing global trade in the second half. In a note, OCBC said although the year began with concerns about the […]


Top markets 1H17: Asia reigns global equities

As a whole, equity and bond markets continued their steady march higher in the second quarter of 2017, contributing to decent overall gains year-to-date. While there has been a ‘mini sell-off’ among the famous tech giants of Silicon Valley (Facebook, Apple, Netflix, Alphabet, Amazon, Microsoft) in mid-June that caused some risk aversion across financial markets […]