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Traders beware: Political black swan looms over the yen, nikkei

TOKYO: The scandal embroiling Prime Minister Shinzo Abe’s administration may be more serious than some investors realize, raising the potential for a rapid move in Japanese markets to discount the potential for a surprise end to the champions of Abenomics.

UBS merges equity, debt capital markets businesses in Asia

HONG KONG: UBS Group is merging its equity and debt capital markets businesses in Asia Pacific in a move that comes as its powerhouse equities franchise faces a suspension in Hong Kong from leading initial public offerings (IPOs).

Reuters pix.

Top Glove Q2 earnings up 31.2% to RM109m

KUALA LUMPUR: Top Glove Corporation Bhd's earnings rose by nearly one-third to RM109.01mil in the second quarter ended Feb 28 due to strong demand growth for natural rubber glove from emerging markets and lower raw material prices.

SC, Bank Negara speed up digitisation of stockbroking industry

KUALA LUMPUR: The Securities Commission (SC) and Bank Negara have set up the Brokerage Industry Digitisation Group (BRIDGe), a joint working group between the regulators and industry to accelerate digitisation of the stockbroking industry.

KLCI falls below 1,850 early Thursday, Nestle top loser

KUALA LUMPUR: Profit taking on consumer stocks, especially Nestle weighed on the market early Thursday as the FBM KLCI slipped below the important 1,850 level, in line with the cautious key Asian bourses.