ADVERTISEMENT

Markets


  • Filter by

Will Malaysia be spared from latest market rout?

WILL Malaysia suffer any contagion risks in this latest round of emerging markets (EMs) rout exacerbated by a plunge last Friday in the baht following an earlier 6% drop in the Argentine peso?

Even Thailand, with “solid growth and sizeable current account surplus” was not spared. Would countries with strong fundamentals like Malaysia escape the contagion?  Among the latest challenges include possibly more aggressive US rate hikes, rising trade tensions and strong dollar fuelled by the European Central Bank’s (ECB) decision to leave rates unchanged until middle of next year.

Investing in N. Korea: Money pit or golden opportunity?

PYONGYANG: Donald Trump dangled the carrot of foreign investment in front of North Korean leader Kim Jong Un at their nuclear summit, but analysts say few will want to put money into one of the highest-risk business environments in the world.

Few takers: A file picture showing Pyongyang’s skyline. Trump dangled the carrot of foreign investment in front of Kim at their recent summit, but analysts say few will want to put money into one of the highest-risk business environments in the world. — AFP

Telia seeks solution for Denmark

STOCKHOLM: Now that investors had stopped badgering Telia AB chief executive officer Johan Dennelind about how his plan to exit Central Asian markets is progressing, he’s turning to an eyesore closer to home: Denmark

The phone company executive’s patience with the Danish unit, where Telia’s fixed-line business is small and the wireless arm is “subscale,” is dwindling, Dennelind said in an interview here. He’s reviewing options in the country and wants to announce a solution – which could mean a sale of the unit – before the end of the year. (A flag flutters at the Telia telecommunication company headquarters in Helsinki, Finland, May 5, 2017. - Reuters)

Perry Ellis taken private in US$437mil deal

NEW YORK: Clothing designer-retailer Perry Ellis International Inc agreed to be taken private by its founder, George Feldenkreis, in a US$437mil deal after Feldenkreis spent months pushing for the company to be sold.

Perry Ellis clothes on display during a fashion show. - Filepic

Win-win solution proposed for smelting plant electricity usage dispute

KUCHING: Sarawak Energy Bhd says it has proposed a “win-win” solution to Pertama Ferroalloys Sdn Bhd (PFA) over the latter’s request not to be charged for unconsumed electricity at its manganese alloys smelting plant in Samalaju Industrial Park, Bintulu.

US farmers brace for impact of China trade war, soybean at one-year low

CHICAGO: U.S. soybean futures outpaced falls across most other markets on Friday as the trade war with China escalated and Beijing said it would impose tariffs on U.S. soybean imports, the single most valuable U.S. agricultural export product to its Asian rival.

Soybean futures dropped 2.3 percent and hit their lowest price in a year as farmers prepared for disruption to the $12 billion worth of soybean shipments they send to China annually. Corn and wheat futures each fell less than 0.5 percent. (Filepic shows soybean harvest)

ADVERTISEMENT