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Foreign buying on Bursa Malaysia picks up steam

KUALA LUMPUR: Despite the festive week, offshore funds continued scooping up stocks listed on Bursa for the second week at a stronger pace, according to MIDF Research.

Signs of moderation ahead in bank sector

KUALA LUMPUR: The bank sector may be showing signs of moderation following its performance in the first quarter of 2019, says Affin Hwang Capital research.

Mnuchin says trade talk with PBoC constructive

WASHINGTON: US Treasury Secretary Steven Mnuchin tweeted that he had a “candid” and “constructive” talk on trade issues with People’s Bank of China governor Yi Gang.

ECB policymakers open to cut rates if growth weakens

FUKOKA: European Central Bank (ECB) policymakers are open to cutting the ECB’s policy rate again if economic growth weakens in the remainder of the year and a strong euro hurts a bloc already bearing the brunt of a global trade war, two sources said.

China says risks at small, mid-sized banks manageable

BEIJING: China’s banking regulator says risks at small and mid-sized banks are manageable, a central bank publication reported yesterday, in the latest move to soothe investors’ concerns after the government took over a troubled regional lender last month.

Banks fined US$91mil for colluding on forex rates

GENEVA: Citigroup Inc and Barclays Plc are among global banks fined a total of 90 million Swiss francs (US$91mil) by Switzerland’s competition regulator for their roles in colluding on foreign-exchange rates.

Maybank wants to provide link in Islamic banking

KUALA LUMPUR: Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in Asean, wants to be the bridge for the Islamic banking sector between the Gulf Cooperation Council (GCC) and the region after its Dubai branch starts its operation this month.

Survey: liquidity breakdown is biggest fear

Singapore: The greatest risk to quantitative strategies wouldn’t be an equity-bear market or a sharp increase in rates. It would be a collapse in liquidity.