U.S. President Donald Trump speaks on the final day of the APEC CEO Summit, part of the broader Asia-Pacific Economic Cooperation (APEC) leaders' summit, in Danang, Vietnam, November 10, 2017. REUTERS/Anthony Wallace/Pool
Energy
Brent crude was 0.20% lower to US$63.80 per barrel at 3.16pm.
Forex
Ringgit up 0.32% to 4.1930 versus the US dollar at 3.17pm.
Top foreign stories
China lifts foreign ownership limits on financial firms: The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant’s financial services market. The changes include raising the limit on foreign ownership in joint-venture firms involved in the futures, securities and funds markets to 51% from the current 49%. — Reuters
Japan’s economy set to show 7 straight growth quarters: Japan’s economy was expected have grown for a seventh straight quarter in July-September, a period of unbroken expansion last seen between 1999 and 2001, a Reuters poll found on Friday. Gross domestic product is expected to have grown at an annualised rate of 1.3% in the third quarter, the poll of 20 analysts showed. — Reuters
Toshiba considering US$5.3b capital injection: Toshiba Corp, desperate for cash to avoid a possible delisting, is considering raising about 600 billion yen (US$5.3 billion) by offering new shares in a third-party allotment, a person briefed on the matter said on Friday. — Reuters
Top local stories
Nazir said to plan US$1b SEA fund: Datuk Seri Nazir Razak, chairman of CIMB Group Holdings Bhd. is helping start a regional private equity fund that will seek as much as US$1bil, sources said. Nazir will keep his role at CIMB, Malaysia’s second-largest bank, while acting as one of the fund’s five partners, they said. - Bloomberg
Tabung Haji denies laundering money for Prince Alwaleed: Lembaga Tabung Haji (TH) has denied an allegation by a blogger that the pilgrimage fund laundered money for billionaire Saudi prince Alwaleed bin Talal Al Saud. TH said it suspects the allegation was connected to a report on Crestmount Capital, a Middle Eastern fund linked by Prince Khaled, son of Prince Alwaleed, that closed a A$100mil investment in Piety Investments, with which TH Properties Sdn Bhd had partnered. — StarBiz
Westports Q3 earnings falls to RM150.8m: Westports Holdings Bhd‘s reported a 0.14% fall in third-quarter earnings to RM150.82mil due to the lower container throughput and higher fuel costs. Revenue rose 3.7% to RM492.27mil from RM474.41mil, while earnings per share were at 4.42 sen compared with 4.43 sen a year earlier. — StarBiz
Petronas Gas’ earnings down in Q3: Petronas Gas Bhd’s earnings fell to to RM417.4mil in the third quarter compared to RM422.12mil previously owing to higher depreciation in line with completion of capital projects and higher utilities cost of sales from higher fuel gas prices. Revenue was marginally higher at RM1.16bil. The Board declared a third interim dividend of 16 sen per share. — StarBiz
Axis REIT fixes issue price for 125m new units at RM1.43: Axis REIT has fixed the issue price of 125 million new units under its placement exercise at RM1.43 each, enabling the company to raise RM178.75mil. — StarBiz
Perisai receives extension for regularisation plan: Perisai Petroleum Teknologi Bhd said Bursa Securities had granted it an extension to Feb 11, 2018, to submit its regularisation plan in accordance to the main market listing requirements. — StarBiz
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