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Bursa rebounds as tensions ease over Italy

KUALA LUMPUR: Battered global markets rebounded on Thursday as political parties in Italy resumed talks in an atttempt to form a coalition government.

UOB Kay Hian Research retains Buy on IJM Corp

KUALA LUMPUR: UOB Kay Hian Malaysia Research is maintaining its Buy call on IJM Corp but with a lower sum-of-parts based target price of RM2.65 from RM3.52 earlier to reflect the construction sector’s structural de-rating.

Yen climbs as treasury yields decline

SYDNEY: Ten-year Treasury yields fell, taking the dollar down against the yen, after Italy’s political impasse triggered a risk-off mood in holiday-hit markets. Oil prices retreated further, sending West Texas crude to its lowest in six weeks.

Indonesia seen to raise interest rates Wednesday

JAKARTA: Indonesia's top policymakers sought to shore up confidence in Southeast Asia's biggest economy, as bets grow that the central bank will raise interest rates for the second time in two weeks at an out-of-cycle policy meeting on Wednesday

Perry Warjiyo, sworn in as governor last week, said on Monday it was not an "emergency meeting", but the rupiah jumped to a two-week high on hopes central bank actions will relieve persistent pressure on the country's financial markets.  Alongside other emerging markets, Indonesia has seen an outflow of funds as U.S. assets become more attractive due to rising interest rates.

Indonesia seeks to shore up confidence in economy

JAKARTA: Indonesia’s top policymakers sought to shore up confidence in South-East Asia’s biggest economy, as bets grow that the central bank will raise interest rates for the second time in two weeks at an out-of-cycle policy meeting tomorrow.

Rupiah rises: The rupiah jumped to a two-week high on hopes central bank actions will relieve persistent pressure on the country’s financial markets. — Reuters

Singapore, India exchanges abandon trade link talks

MUMBAI: Singapore Exchange Ltd (SGX) and National Stock Exchange of India Ltd (NSE) have abandoned talks on a cross-border trading link, according to people familiar with the matter, amid a bitter court battle that’s soured an 18-year partnership.

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