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EM financial turmoil hits Malaysian bond market

KUALA LUMPUR: Financial market turmoil in the emerging markets continued with the Malaysian bond market witnessing a net foreign outflow of RM2.4bil in August compared with a net inflow of RM4bil in the preceding month.

Philippine finance chief spurns calls for early rate hike

MANILA: Philippine Finance Secretary Carlos Dominguez, a member of the central bank’s Monetary Board, said there’s no need for an out-of-cycle interest-rate increase as policy makers are focusing on the longer-term inflation outlook.

Emerging currencies lifted by Turkey rate hike, US$ sags on data

TOKYO: The dollar sagged on Friday after weaker-than-expected U.S. inflation data further burdened a currency already weighed down by signs of reduced trade tensions between the United States and China. Emerging currencies such as the South African rand and the Mexican peso held to gains after surging in relief after Turkey's central bank implemented a large increase in interest rates.

Emerging currencies such as the South African rand and the Mexican peso held to gains after surging in relief after Turkey's central bank implemented a large increase in interest rates.

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